John Meyer of SP Angel this morning comments on DiamondCorp (DCP) Ferrex (FRX), Lithium news and Tertiary Minerals (TYM) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Hello Share Ploughers. Let’s have another look at Tertiary Minerals (TYN). After a long fallow period, well, slow decay to be honest, the shares are stirring back to life again.
Tertiary Minerals (TYM) is celebrating encouraging results from the third phase of drilling in the western area of its MB fluorspar project in Nevada, described by managing director Richard Clemmey as ‘some of the most promising results encountered to date’. The Macclesfield-based company, which has given investors little to cheer about since entrepreneurial executive chairman Patrick Cheetham floated it on AIM 16 years ago as a tantalum play, highlights three holes in particular at MB, where it has already established a maiden formal resource estimate of 8.9 million tonnes indicated with 10.3% fluorspar and 29.5 million tonnes in the more tentative ‘inferred category with 10.4% fluorspar.
I do not wish to make this about Tertiary Minerals (TYM) on its own as that will prompt Malcolm Stacey and Comrade Wildrides to issue a fatwa against me. But it rather illustrates a point about just how the AIM Casino works.
Hello Share Shunters. Dedicated ShareProphets poster Wild Rides is a very wise and - judging by his frequent posts on this merry website - a very experienced share shifter. He and I are occasional investors in a penny share outfit which goes up and down like a yo-yo some of the time.
If you've bought into Tertiary Minerals (TYM) over the last 9 months, you probably aren't delighted with the 5.75p price of today's placement. However, if you are a longer term shareholder, at least value has been preserved. The question now is whether or not the £420,000 (before expenses) will be enough to fund serious value building in this tough market?
Patrick Cheetham, dogged chairman of fluorspar hopeful and AIM dog Tertiary Minerals (TYM), may not be the toast of the investment community just now. But he says he is determined to take the company into production, maybe with backing from a major consumer, following a doubling of estimated resources at its MB project in Nevada for its first formal, Joint Ore Reserve Committee-compliant figure of 38.4 million tonnes with 10.4 per cent fluorspar.
Hello Share Folk. Well, now that the boring Easter break is out of the way, let's get down to some serious share shifting.
Fluorspar is something that I’d only vaguely heard of until I started looking into Tertiary Minerals (TYM). The company released two pieces of news this week, which caused its share price to tumble around 25 per cent, and it now sits at 8.5p with a market cap of nearly £14 million.
Hello Share Fans: I hold a share called Tertiary Minerals (TYM). One of the things they dig up is fluospar. No I wasn't sure what it was either. But it's not a kind of toothpaste.
Hello Share Grabbers: When I buy a cheapie share, I always expect and up and down ride. Sometimes, these events are quite volatile – lurching one way and then another in a big way. The usual effect is scary.
