M&C Saatchi – how long is “the foreseeable future” for which it “remains confident about the liquidity status”?
Tom Winnifrith Bearcast: This is NOT a late April Fool: Bear raider Evil Knievil turns mega bullish on shares
Tertiary Minerals (TYM) seems to think that its investors are the dumbest folk going and with the shares up by 75% at 0.32p maybe it is right for today’s news of a £600,000 placing is just an almighty spoof. For starters this is not a £600,000 placing!
Hello, Share Followers. When shares in Tertiary Minerals (TYM) shot up by 350% one day last week, it was thought by some that I was recommending this gold prospector. Sorry about any confusion, but I did caution that the jump didn’t seem worth it. Let me briefly outline the history of my holding with this company...
At eleven minutes past ten this morning AIM-listed penny-dreadful, to quote poor Malcolm Stacey, Tertiary Minerals (TYM) announced a placing of one hundred million bits of confetti at 0.275p to raise just £275,000 (before expenses) and a shiny new Broker in the form of Peterhouse, which arranged the issue and is set to receive five million warrants at the placing price. Nice work for the flippers – especially since the shares were 0.41p immediately before the announcement and thus the discount was a tasty 33%. And compared to the 0.87p the stock hit in the wake of the ramptastic announcement the day before (awful, as usual) results were released the placees must think it is Christmas.
Hello, Share Finders. We’re probably all used to the disappointment of finding that a huge daily jump in one of our shares turns out to be a consolidation of some sort. Which is what I expected when I saw that one of my penny dreadfuls had put on 325% in one day. But no – it seems that there really was an old-fashioned share hike due to good news...
Often I am left wondering what the point is of quite a number of small mining companies listed on AIM, as all they seem to do is raise small amounts of money to keep the business ticking over without ever actually achieving anything of note.
Hello Share Swingers. A little miner called Tertiary Minerals (TYM) has graced my modest blog on Shareprophets before now. In the past, it’s been a big winner for me.
John Meyer of SP Angel this morning comments on Anglo American (AAL), Berkeley Energia (BKY), FinnAust (FAM), Gemfields (GEM), Tertiary Minerals (TYM), Tri-Star (TSTR), Stellar Diamonds (STEL) and SolGold (SOLG) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
If you want me to analyse a stock for you just drop me a line at firstname.lastname@example.org - Today I look at shares in Coral Products (CRU), Distil (DIS) and Tertiary Minerals (TYM) setting share price targets for all three stocks.
Featuring shares in ASOS (ASC), Coms (COMS), Finnaust Mining (FAM), PCG Entertainment (PGCE), Proxama (PROX), Tertiary Minerals (TYM) with share price targets set for all five stocks.
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.
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