TER - Terracom Limited
- Thread starter Joe Blow
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Re: GUF - Guildford Coal
Exciting news out; GUF are entering a new area for drilling, let the speculative money flow!
and what a result in SP
This could be the start of a great relationship. Or the end of some cash. (48M cash and this will cost 7M upfront) plus rights for 70% of Terra Energy if they want it, at an extra 10M. 3 drill rigs ready to stick their noses into the ground and have a sniff.
Exciting news out; GUF are entering a new area for drilling, let the speculative money flow!
and what a result in SP
This could be the start of a great relationship. Or the end of some cash. (48M cash and this will cost 7M upfront) plus rights for 70% of Terra Energy if they want it, at an extra 10M. 3 drill rigs ready to stick their noses into the ground and have a sniff.
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Re: GUF - Guildford Coal
quick update on this breakout
Looks like it may follow through at this stage, so good luck to speculators.
quick update on this breakout
Looks like it may follow through at this stage, so good luck to speculators.
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Re: GUF - Guildford Coal
so far so good
seems to be attracting some decent buying today...
so far so good
seems to be attracting some decent buying today...
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Re: GUF - Guildford Coal
missed this one but its gone straight on the mongolian watch list .. will start checking it out weekend or monday ..
missed this one but its gone straight on the mongolian watch list .. will start checking it out weekend or monday ..
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Re: GUF - Guildford Coal
They haven't even thrown any serious drill bits downwards yet so there may be plenty more to come.
This excitement may die shortly though, I am staying ready for a quick exit whilst being as aggressive as I dare. I have 7 x initial position already which is hard as I ever go, so fingers crossed when I exit it is with my short still on my back!
They haven't even thrown any serious drill bits downwards yet so there may be plenty more to come.
This excitement may die shortly though, I am staying ready for a quick exit whilst being as aggressive as I dare. I have 7 x initial position already which is hard as I ever go, so fingers crossed when I exit it is with my short still on my back!
Re: GUF - Guildford Coal
I reckon there is a long way to go. The Mongolian thing is probably small fry compared to Hughendon. Look what Bandanna is involved in, and I would expect GUF to have far more coal. Look at the size of their tennements, and what they have so far, without their first JORC! A 2.7 mill trade yesterday morning at $1.18. Someone has done some homework! All my opinion, DYOR.
I reckon there is a long way to go. The Mongolian thing is probably small fry compared to Hughendon. Look what Bandanna is involved in, and I would expect GUF to have far more coal. Look at the size of their tennements, and what they have so far, without their first JORC! A 2.7 mill trade yesterday morning at $1.18. Someone has done some homework! All my opinion, DYOR.
Re: GUF - Guildford Coal
Hi Guys,
Im a bit if a newbie here and to trading but have been following GUF for quite some time now and just noticed that they are releasing $10m worth of new shares at 0.92 per share as of yesterday.
As i said my question may be green but what effect could this have on the already issued shares? I have noticed that they are trading well below the 0.92 per share today at around 0.72
Is this something positive for the existing shareholders, or those looking to get on or both?
Thanks in advance...
The release is as follows:
Guildford Coal Ltd Issues New Ordinary Shares
5:18pm EST
Guildford Coal Ltd announced that it has issued 10,869,566 ordinary shares at an issue price of AUD 0.92 per share. The shares are issued for the defining and upgrading JORC resources in both Australia and Mongolia, obtaining a Mining License for the South Gobi Project, and the feasibility study on the Hughenden Coal Project including finalizing infrastructure arrangements.
Hi Guys,
Im a bit if a newbie here and to trading but have been following GUF for quite some time now and just noticed that they are releasing $10m worth of new shares at 0.92 per share as of yesterday.
As i said my question may be green but what effect could this have on the already issued shares? I have noticed that they are trading well below the 0.92 per share today at around 0.72
Is this something positive for the existing shareholders, or those looking to get on or both?
Thanks in advance...
The release is as follows:
Guildford Coal Ltd Issues New Ordinary Shares
5:18pm EST
Guildford Coal Ltd announced that it has issued 10,869,566 ordinary shares at an issue price of AUD 0.92 per share. The shares are issued for the defining and upgrading JORC resources in both Australia and Mongolia, obtaining a Mining License for the South Gobi Project, and the feasibility study on the Hughenden Coal Project including finalizing infrastructure arrangements.
springhill
Make the drill work for YOU
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Re: GUF - Guildford Coal
JORC Statement - Hughenden Project
http://www.asx.com.au/asxpdf/20120726/pdf/427m5bkyn1q163.pdf
Resource Overview July 2012
Guildford Coal’s (ASX:GUF) Hughenden, Pentland and White Mountain Projects are located in the northern end of the coal - bearing Galilee Basin in Queensland, Australia. The Projects cover approximately 16,500 square kilometres of exploration permits for coal, all of which have been granted.
As at the 30th June 2012, the Hughenden Project has a 1.619Bt JORC Inferred Resource of thermal coal in the Permian Betts Creek Beds in northern Galilee Basin at depths suitable for underground mining (depths 350 -600m), mainly across EPC 1477. There is a further Exploration Target# of 285Mt to 2.83Bt across this project in twelve other tenures.
The White Mountain Project has a 262Mt JORC Inferred Resource of thermal coal in Permian Betts Creek Beds in northern Galilee Basin at depths suitable for open cut mining (depths 45 -250m). There is a further Exploration Target# of 40Mt to 815Mt across this tenure and several adjoining EPC’s (Palaris Consultants).
The Pentland Project has an independent consulting geologist’s (MDM) estimated Exploration Target# of 295Mt to 2.89Bt of coal with thermal potential from north-eastern Galilee and Eromanga Basins at varying depths (40 – 500m).
These Projects have the scale and potential to support multiple open cut and underground mining operations producing substantial export thermal coal tonnages which are located in close proximity to infrastructure, with the Mt Isa to Townsville rail line running across the project area. There is currently a combined 1.881Bt JORC Inferred Resource and a further Exploration Target# declared of 0.62 Bt to 6.535 Bt estimated by independent geologists across the combined Northern Galilee Projects.
This document provides background to the recent maiden announcement of the calculation of an Indicated Resource at the Hughenden Project and the ongoing exploration effort, which will lead to a revision of the Inferred Resource and Exploration Target estimates for EPC’s 1477 and 1478 in the near future. A program of planned deep, partially-cored boreholes is continuing and the results emanating from this program are continuing to reshape Guildford’s knowledge and understanding of the sub-surface geology of the Hughenden Project.
JORC Statement - Hughenden Project
http://www.asx.com.au/asxpdf/20120726/pdf/427m5bkyn1q163.pdf
Resource Overview July 2012
Guildford Coal’s (ASX:GUF) Hughenden, Pentland and White Mountain Projects are located in the northern end of the coal - bearing Galilee Basin in Queensland, Australia. The Projects cover approximately 16,500 square kilometres of exploration permits for coal, all of which have been granted.
As at the 30th June 2012, the Hughenden Project has a 1.619Bt JORC Inferred Resource of thermal coal in the Permian Betts Creek Beds in northern Galilee Basin at depths suitable for underground mining (depths 350 -600m), mainly across EPC 1477. There is a further Exploration Target# of 285Mt to 2.83Bt across this project in twelve other tenures.
The White Mountain Project has a 262Mt JORC Inferred Resource of thermal coal in Permian Betts Creek Beds in northern Galilee Basin at depths suitable for open cut mining (depths 45 -250m). There is a further Exploration Target# of 40Mt to 815Mt across this tenure and several adjoining EPC’s (Palaris Consultants).
The Pentland Project has an independent consulting geologist’s (MDM) estimated Exploration Target# of 295Mt to 2.89Bt of coal with thermal potential from north-eastern Galilee and Eromanga Basins at varying depths (40 – 500m).
These Projects have the scale and potential to support multiple open cut and underground mining operations producing substantial export thermal coal tonnages which are located in close proximity to infrastructure, with the Mt Isa to Townsville rail line running across the project area. There is currently a combined 1.881Bt JORC Inferred Resource and a further Exploration Target# declared of 0.62 Bt to 6.535 Bt estimated by independent geologists across the combined Northern Galilee Projects.
This document provides background to the recent maiden announcement of the calculation of an Indicated Resource at the Hughenden Project and the ongoing exploration effort, which will lead to a revision of the Inferred Resource and Exploration Target estimates for EPC’s 1477 and 1478 in the near future. A program of planned deep, partially-cored boreholes is continuing and the results emanating from this program are continuing to reshape Guildford’s knowledge and understanding of the sub-surface geology of the Hughenden Project.
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DIY Trader
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Re: GUF - Guildford Coal
Today's Close above 13c turned GUF into a Buy for me (see blue arrow)
As long as the sp holds (closes) above 13c, it'll remain a Hold, but will need to rise because stop levels can only ever move up. (My stop is currently a Close Below 13c)
A new High - above last week's 14.5c - would suggest a breakout proper; that High may initially be Intraday only, but it should then not close below the 55-day EMA, which has today coincided with resistance at 14c.
All of that is showing in the chart below.
And if the Market buys the Mongolia story, all of that should be fulfilled within days.
I'm holding as of today.
Today's Close above 13c turned GUF into a Buy for me (see blue arrow)
As long as the sp holds (closes) above 13c, it'll remain a Hold, but will need to rise because stop levels can only ever move up. (My stop is currently a Close Below 13c)
A new High - above last week's 14.5c - would suggest a breakout proper; that High may initially be Intraday only, but it should then not close below the 55-day EMA, which has today coincided with resistance at 14c.
All of that is showing in the chart below.
And if the Market buys the Mongolia story, all of that should be fulfilled within days.
I'm holding as of today.
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On November 19th, 2015, Guildford Coal Limited (GUF) changed its name and ASX code to Terracom Limited (TER).
greggles
I'll be back!
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Terracom quietly making solid gains during the last few weeks. It released an encouraging quarterly on 1 May and with plans to ramp up activity at its Blair Athol coal project in central Queensland in the current quarter there is a lot of optimism swirling around TER at the moment.
greggles
I'll be back!
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Terracom approaching 24 month highs on the back of good news from their Blair Athol project in central Queensland the Baruun Noyon Uul (BNU) coking coal mine in the South Gobi of Mongolia.
The company has confirmed that Blair Athol coal sale volumes and prices for the June 2018 quarter are in line with forecasts. The company has also advised that for the September 2018 quarter it has secured sales for 520,000 tonnes of coal at a forecast average price of US$ 92 per tonne and will be looking to lock in another 130,000 tonnes of sales in coming weeks to complete the quarter forecast sales of 650,000 tonnes. This forecast average selling price should deliver a margin in excess of AU$54 per tonne.
From the BNU mine in Mongolia:
The company has confirmed that Blair Athol coal sale volumes and prices for the June 2018 quarter are in line with forecasts. The company has also advised that for the September 2018 quarter it has secured sales for 520,000 tonnes of coal at a forecast average price of US$ 92 per tonne and will be looking to lock in another 130,000 tonnes of sales in coming weeks to complete the quarter forecast sales of 650,000 tonnes. This forecast average selling price should deliver a margin in excess of AU$54 per tonne.
From the BNU mine in Mongolia:
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Price for TER continues to go up and has recently posted a new yearly high.
Sdajii
Sdaji
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I chose this one for the January tipping contest. I think the first three quarters of 2019 are going to be big for energy, particularly oil, but energy is a fairly interconnected industry, coal included. To be honest I picked it because my first choice (SEA) got snapped up before I got to it, so I figured I'd go for something else energy related but not oil, because if oil went bananas I'd probably get beaten. Not very sound logic, I know, but TER had been on my mind at the time. It caught my attention a while ago largely because of whinging greenies complaining about coal mining in QLD, but I had a look at it seems like a pretty solid gig. It has been smashed down recently along with the rest of the energy sector, and I think we have a good chance of xmas having been oil/energy's turning point. I'm not actually holding this one, I don't expect it to be a multibagger in any short timeframe, but I do have confidence in it giving respectable returns for shareholders for the next 6-12 months, for my sake hopefully a fair bit of that coming in January.
Darc Knight
Investor not Trader
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WEALTH WARNING: This stock has been subject to a Consolidation in the past and may at some time in the future cause you to lose all your invested capital.
https://www.google.com.au/url?sa=t&...Vaw3Ht88Mg7lby1ZhNlJX5sya&cshid=1545971317410
https://www.google.com.au/url?sa=t&...Vaw3Ht88Mg7lby1ZhNlJX5sya&cshid=1545971317410
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Good man DK, I just did the figures for this one working out at $10,000 bought the day before Consolidation, I could get out now for around $3,000. Not too bad a loss, at least it is a marketable parcel. Only seven grand loss. Although I doubt I would hang around too long to sell. The markets are weak and it would take very little to force this price down once it is noticed.