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TIE - Tietto Minerals

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Tietto Minerals Limited is a base metals exploration company and holds, through its subsidiaries, interests in the following gold exploration projects:
  • the Abujar Project in the central western region of Côte d’Ivoire;
  • the Dube South Project in the southeastern region of Liberia; and
  • the Cestos Project in the eastern region of Liberia,
It is anticipated that TIE will list on the ASX during December 2017.

http://tietto.com
 
Nobody seems to have noticed this one which is surprising.....

It has been doing very well up until fairly recently. I am not sure what sent it southward it seemed to have good news recently.
09/04/2019 - Tietto Grows Abujar Gold Resource by 146% to 1.7Moz

There was one thing I found which may have affected the price as best as I can guess at, it is mining in West Africa and this was in the news on the 4th of April Islamic State Says It Killed 18 Soldiers in West Africa. It seems like a fairly tough place to be doing business Counterterrorism yearbook 2019: West Africa and the Sahel

The chart shows both Positive and Negative Volume Index rising (not shown), the Twiggs daily money flow is a bit choppy. The MACD has turned down(not shown). There is a double Marubozu, first one is bearish the second is bullish, they completely matched each other in size. In theory I would expect a rise but always with candlestick patterns they say to wait for confirmation.

 
Tietto Minerals up 13.6% to 25c today after reporting some good results from diamond drill hole ZDD084 at the Abujar‐Gludehi deposit, part of TIE's 1.7Moz Abujar Gold Project in Cote D'Ivoire.

20m @ 14.80 g/t Au from 42m including:
  • 1m @ 128.52 g/t Au from 55m
  • 1m @ 160.06 g/t Au from 56m
  • 1m @ 2.38 g/t Au from 58m
Some nice high grades there. Don't know much about this company but will look a little closer now.
 
I'm selecting TIE for the February Comp just by looking at the chart.

Price and volume moving up with a nice breakout on Friday. Target .40 (33%)
Market looks like heading down a little on Monday which might be a good start with TIE being a gold stock. Will it stay up for the month, only time will tell.

 
Selecting TIE for Oct monthly comp. The pull-back in gold should end soon, although it may be after the US election result is known (Nov 2020).

TIE is a West African gold ex with a large gold resource. The size of the resource will be revealed soon.
 
140 gm p ton. You can not go wrong.
 
Some interesting grades announced this am. I don't think that's expanding the current resource of 3m oz but they're pretty good for open pit.

SP looks like a lot of goldies at the moment. Just been heading south for six months. When's the turnaround? Or, did gold peak?

 
Article by Barry FitzGerald from Nov 2020

TIETTO (TIE):​
​
The shootout between Russian and Chinese interests for Cardinal (CDV) with its 5.1Moz Namdini gold reserve in Ghana has got all too complicated to follow.​
​
But the fact that the duelling started out at 45c a share, and is now around $1 a share, serves as a reminder that there is value to be had in the ASX-listed West African explorers/developers while their home market remains WA-centric.​
​
Canaccord thinks that could be the case with Tietto (TIE). It has a 90c price target on the stock which compares with its last sale at 43c.​
​
Tietto was mentioned here back on March 27 when it was 21c as one to watch as a potential takeover target.​
​
That has not happened, but as was well-flagged by the company, its resource base at its Abujar gold project in Côte d’Ivoire has just tipped over the 3Moz mark, with drilling continuing for another resource upgrade in mid-2021.​
​
The latest resource update came with a lower overall grade. But as Canaccord noted, that won’t affect the first five years or so of a future operation when a higher-grade core will be mined.​
​
A preliminary feasibility study is also in the works for release in the March quarter.​
​
​
The PFS may bring a spike
 
Beaches said:
The PFS may bring a spike
Click to expand...

Yes, PFS may bring some interest.

With 3m oz au and a MC of $150m and $57m in the bank this looks a bit cheap. Maybe discounted because West Africa, but Ivory Coast seems to be pretty miner friendly. Perhaps I'm missing something.

 
Some more good grades announced, albeit low widths. But, certainly looks like they'll have quite a few more ounces to add to the MRE. 500k? 1m? Guess.

My money is on a takeover from someone like a PRU who will need to add to their inventory in the next 5 years.

Nothing too exciting in the chart. Maybe bottommed out??


 
kennas said:
Nothing too exciting in the chart. Maybe bottomed out??
Click to expand...

Thanks for the heads up @kennas

Serious gold in them there hills

Approx $130 mill Market Cap

And + $50 mill in the bank

Seems odd it's not moving higher. Probably the West African location?

I remember WAF was a bit similar going back a couple of years with high grades but little movement

Then it went from 20 cents to a dollar.

This could be similar I suspect.
 

It does seem cheap for all those ounces. 3m oz au @ $2k an ounce is a lot of money in the ground at $130m MC. Must be the West Africa effect.
 
kennas said:
It does seem cheap for all those ounces. 3m oz au @ $2k an ounce is a lot of money in the ground at $130m MC. Must be the West Africa effect.
Click to expand...
PFS was bad which explains a lot of SP weakness. When you hear 3m ounces, 200,000 in first year of production, costs below 1000 per ounce - its fair to expect a higher NPV than 266m at a 5% discount rate (too low for west africa in my opinion). The capex is probably too high relative to the NPV relative to other projects in stable jurisdictions to attract good financing.

On the numbers I would have guessed an NPV of over 500 million. 266 was surprisingly low - but they do appear to have done it conservatively (1500 gold price)

Upside is rigs turning hitting gold.
 
The Triangle said:
PFS was bad which explains a lot of SP weakness.

Upside is rigs turning hitting gold.
Click to expand...

I hadn't really looked at the PFS, my bad, thanks for the heads up.

Chart wise, something brewing here, although there's a few gold stocks looking like this. NCM, which I think is a bit of a bellweather for gold stocks (along with the XGD of course) turned in March.

 
Tietto rapidly advancing Abujar Gold Mine (central West of Côte D'Ivoire) development

Highlights:
  • Tietto awards Engineering Design of the Abujar Gold Mine Processing Plant to Primero Group, a Perth based specialist mine design company and part of NRW Holdings.
  • Tietto’s strong cash position of ~$52 million at end of March allows it to advance Abujar Gold Mine DFS and project development work
  • Tietto continuing aggressive diamond drill program to grow 3.02Moz gold resource
  • Upgrade of 22km site access road linking Abujar to the National Highway underway
  • Refurbished unused 11.5MW single‐stage SAG mill secured from NCP International on track to be shipped to site in January 2022
  • 90kV powerline angle point survey from Daloa to site completed. Work advancing for detailed design and land acquisition
  • Discussions advancing with project financiers following release of positive PFS.

Work program planned for June 2021 Quarter:
  • Commence front end engineering and design (FEED) for Abujar Gold Mine
  • Commence site establishment and mining camp construction
  • Complete geotechnical study for tailings storage facility, water storage reservoir and process plant site
  • Tender open‐pit mining contract
  • Updated Abujar Mineral Resource expected late June quarter.
 
Looks like it may have broken that downward trend. Might need to break .38 for confirmation. As mentioned above, similar to a lot of goldies. I wonder if the floor is in for POG and goldies will all have a decent run.

 
I don't take much notice of chartists when it comes to Gold but on twitter a couple of them that I follow were saying weeks ago that the decisive level was 1850 or 1860.
 
finicky said:
I don't take much notice of chartists when it comes to Gold but on twitter a couple of them that I follow were saying weeks ago that the decisive level was 1850 or 1860.
Click to expand...

Funny that you don't take much notice to charts but post up quite a lot of charts finicky.

TIE chart looking more interesting to me right now. 0.38 still key resistance but found some decent support and trying again.

I submitted my top 10 junior resource stocks to Rick Rule to rate and this was the only one along with PDI to get a 5 or better on his scale of 1-10. The rest were 6. 1 being good, 10 being bad. He did say he was a tough marker though.

 
Yes, chart TIE looks to be basing, someone I follow on twitter has been backing it for a long time. Also PDI, betweentheinesfinance on Patreon likes it. I don't hold either, having limited myself to Oz goldies except for WAF.
The gold chart itself - I do watch it of course, but commentators are too often in disagreement or make too early calls or fail to predict the bear cycles. Seems too hard to call, so I have pared the people I listen to about it to one - Jordan Roy-Byrne of thedailygold.com
 
kennas said:
I submitted my top 10 junior resource stocks to Rick Rule to rate and this was the only one along with PDI to get a 5 or better on his scale of 1-10. The rest were 6. 1 being good, 10 being bad. He did say he was a tough marker though.
Click to expand...


Feel free to share your top 10, if the notion takes you
 
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