Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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.
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Comments
wildrides
Thats a rather harsh assessment .
This company has very tight expenditure control and a boss with a lot of skin in the game . Low shares in issue .
A resource in a mining state in the US . The only such resource in the US . Its an ingredient of steel making and is currently imported . The share price has fallen like every company on aim because holders realise there is no news coming now for a good while . Buy in now and it will go to 12p plus again on the next news build up . I have done that twice now . You can set your watch buy it . Aim prices are purely news driven and this will be ever more so now that stamp duty has gone . I can get in and out of a trade for a fiver each way now . People will move their money in a flash now …… get used to massive volitility on AIM from now onwards. Its going to be VERY bumpy !