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MYL - Mallee Resources

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bravo

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Top End Uranium,
They have big parcel of land in Northern Teritory,10.000 Km² application granted
and They have application for 24.000 Km² . If anyone interested can visit www.teu.com.au listed ASX last week.:):)
 
Re: TEU - Top End Uranium

TEU was recommended in Eureka Report as a strong share to buy and location etc.
However the share is now trading below the issue price.

Regards
 
Re: TEU - Top End Uranium

Miner said:
TEU was recommended in Eureka Report as a strong share to buy and location etc.
However the share is now trading below the issue price.

Regards
Click to expand...

I wouldn't be getting concerned at all yet Miner. It is very early days for TEU. They closed today at 19.5c (range for today 19.5-21) after recently floating at 20c.
I read a little about TEU briefly today and it looked to me from the outset to be one to watch with potentially highly prospective tenements in Arnhem Land and has negotiated a farm-in with RIO on another Yambarra tenement. DYOR :D
 
Re: TEU - Top End Uranium

Just great,

Another U company hits the market and can't wait to explore out in the boon docks, amazing to see how they're still coming out of the woodwork. Still I shouldn't be too critical, as karma may have the last laugh on me when I see TEU shareholders down at the bank cashing their cheques.
 
Re: TEU - Top End Uranium

jman2007 said:
Just great,

Another U company hits the market and can't wait to explore out in the boon docks, amazing to see how they're still coming out of the woodwork. Still I shouldn't be too critical, as karma may have the last laugh on me when I see TEU shareholders down at the bank cashing their cheques.
Click to expand...

I tend to agree. There's so many "wannbe" uranium miners out there at the moment that it's having an adverse effect on actual producers.

:rolleyes:
 
Re: TEU - Top End Uranium

Folks
Further to the postings made here, I noticed something with TEU in ASX.
Indian Ocean Resources bought some 3.7 million shares on 3 Dec at 20 cents each to become substantial share holder. Closing price of TEU on Friday 14 Dec was 19.5 cents. However Indian OCean Resources IOR is a company got delisted way back in 1985 and the name was changed as Alkormy Pty Limited in 1985. How could this company then operates http://www.delisted.com.au/Company/4206/INDIAN OCEAN RESOURCES LIMITED

From ATO site this is a valid organisation

Extracted from ASIC's database at AEST 00:04:12 on 15/12/2007
Name INDIAN OCEAN RESOURCES PTY LTD
ACN 009 099 067

ABN 30 009 099 067

Type Australian Proprietary Company, Limited By Shares
Registration Date 26/10/1905
Next Review Date 26/10/2008
Status Registered
Locality of Registered Office Mount Claremont WA 6010
Jurisdiction Australian Securities & Investments Commission

Previous State WA
Previous Number C0808588G

Former Name(s) INDIAN OCEAN RESOURCES LTD
INDIAN OCEAN RESOURCES (1982) LIMITED

Same ASIC source says

Extracted from ASIC's database at AEST 00:06:47 on 15/12/2007
Name ALKORMY PTY LTD
ACN 009 200 944

ABN 95 009 200 944

Type Australian Proprietary Company, Limited By Shares
Registration Date 20/10/1986
Next Review Date 20/10/2008 (NOT REGISTERED FOR GST)
Status Registered
Locality of Registered Office Mount Claremont WA 6010
Jurisdiction Australian Securities & Investments Commission

Previous State WA
Previous Number C0818820Y


Both companies are operating from Claremont WA 6010.

Why should I bother ?

It is just because I love cooked fish but stay away from rotten fish - because they smell rotten and I am not Gaul (Refer Asterix comics). So my hard earned money will not be to invest in TEU until more facts surfaced. :confused:

Regards
 
On November 30, 2012, Top End Uranium Ltd (TEU) changed its name to Top End Minerals Limited (TND).
 
On August 28th, 2017, Top End Minerals Limited (TND) changed its name and ASX code to Myanmar Metals Limited (MYL).
 
Back 2007 - woh 10 years back I wrote on this thread about rotten fish.
Since then the only postings were about name changes. This company whatever name they adopt really stinking. It does not attract any one. No posting, therefore. Let me stay away.
Dear Joe - why not delist this thread being a most inactive one?
 
Miner said:
Back 2007 - woh 10 years back I wrote on this thread about rotten fish.
Since then the only postings were about name changes. This company whatever name they adopt really stinking. It does not attract any one. No posting, therefore. Let me stay away.
Dear Joe - why not delist this thread being a most inactive one?
Click to expand...
It's a new company now. Maybe 3rd time lucky? (I doubt it).
 
Knobby22 said:
It's a new company now. Maybe 3rd time lucky? (I doubt it).
Click to expand...
You and Miner might have spoken too soon Knobby. Myanmar Metals looks to be turning around. They just raised a massive $35 million at 6c a share through an oversubscribed placement. Included in the placement are $19.1 million of binding commitments obtained from cornerstone investors Perilya Limited and Mark Creasy (through Yandal Investments).

Funds raised will be applied towards the exercise of the Bawdwin Option, further drilling and technical studies, a pre-feasibility study, concession holding costs, commencement of a feasibility study, transaction costs and general working capital.

Share price has gone from 5.5c to 8.4c in a couple of weeks. Massive gap up today.

big.chart-MYL.gif
 
I just filled my personal order of 300k at 5c today!!
Never thought I would get this opportunity. Been eyeing this stock for ages.
Today, I had the surplus funds to throw at this stock.
The fundamentals are there and it looks like to me we are on the rebound from the negative effects of corona!
 
@warthogjump17 good luck with your investment / trade mate.

What are your intentions in relation to timing - Short term trade or long term position

How did you hear about it ? Friend / Forum / Scan etc

I have had a quick look at some of the presentations and a couple of concerns popped up for me but I may have missed some important info that you can correct me on.

Equity Raised in May 2019 ( $20.8 Million ) to bring bank balance to $32.3 Million ------------>>>>>> Current balance $15.3 Million and burning + $3 Million per quarter, this may or may not be a concern for you depending on time frame but expect another SPP to be rolled out for construction etc

Timeline for construction was mid 2020 but it appears that construction is still a while away as studies are still being undertaken, how long are you willing to wait?

upload_2020-5-22_14-16-56.png


The above is not an attack on your investment but I have been burnt too many times to count on these up and coming mines and found that I have lost money or just got diluted so much on capital raises that it was hard to even exit my position due to the minimum trade size requirements.....Not a good feeling.

So I would ask myself;

- why have I bought
- What is my target
- What is my exit strategy etc

as you might be looking at your 300k shares and thinking ...... How do I explain that to the Mrs or Yourself... when they are worth 1/10th of your orignal purchase

You get the idea mate, and I truly wish you the best on this trade

Cheers

Trav
 
warthogjump17 said:
Cashed up to get through COVID-19,
Plus reduction of director wages
Production to commence in 2 years
Lead and Silver projections looking good
Click to expand...

- Great management team
- Strong project backers and partners
- Significant indicated reserves with huge potential for further exploration
- 50 year mining approval with the Myanmar Government being requested
 
Last edited:
Trav. said:
@warthogjump17 good luck with your investment / trade mate.

What are your intentions in relation to timing - Short term trade or long term position

How did you hear about it ? Friend / Forum / Scan etc

I have had a quick look at some of the presentations and a couple of concerns popped up for me but I may have missed some important info that you can correct me on.

Equity Raised in May 2019 ( $20.8 Million ) to bring bank balance to $32.3 Million ------------>>>>>> Current balance $15.3 Million and burning + $3 Million per quarter, this may or may not be a concern for you depending on time frame but expect another SPP to be rolled out for construction etc

Timeline for construction was mid 2020 but it appears that construction is still a while away as studies are still being undertaken, how long are you willing to wait?

View attachment 103684

The above is not an attack on your investment but I have been burnt too many times to count on these up and coming mines and found that I have lost money or just got diluted so much on capital raises that it was hard to even exit my position due to the minimum trade size requirements.....Not a good feeling.

So I would ask myself;

- why have I bought
- What is my target
- What is my exit strategy etc

as you might be looking at your 300k shares and thinking ...... How do I explain that to the Mrs or Yourself... when they are worth 1/10th of your orignal purchase

You get the idea mate, and I truly wish you the best on this trade

Cheers

Trav
Click to expand...

I am holding around half a million shares and have been holding for over a year.

MYL have 51% ownership of the mine and local partners having the remaining 49% ownership.

The resource is quite significant 100Mt.

The approvals and finance should start rolling in over the next few months.

I intend to hold for the long term.

Myanmar is opening up and many investors are slow to see the potential opportunities.
 
Hi Trav and Chronos-Plutus,
Thanks for your input.
Like CP I believe that Myanmar is significantly underappreciated and the current focus of the MIC on labour intensive/mining projects is pleasing to hear.
Once permit approvals are obtained, I envisage a re-rate of the SP as many bigger investors may be cautious to invest before MIC approval.
My outlook is longterm, probably at least 3 years, but I am expecting the SP to rise before the end of the year upon and after approval of the MIC.
Thanks and GLTA
 

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