TIE - Tietto Minerals

[Sean K]

Um, that's not much of an upgrade for 120k of extra drilling. Just 10% extra and about 100k extra ounces into measured. AG and APG resource decreased. Most of the additional just .5g/t. Hmmm.

 

[Sean K]

LOL.

*once commercial production is achieved was only added in Feb. The ASX announcement 5 Oct 2021 does not refer to 'commercial production'.

AISC up over $200... ouch.

26 Apr:

6 Feb:

5 Oct 21:

 

[pabloran]

any thoughts on the quarterley?to my untrained eyes it looked good

 

[Sean K]

looking toppy eh.....yeah yeah yeah

Yeah yeah yeah.

 

[pabloran]

right you were sean....got out at 66.....thining about getting back in.....any thoughts?

 

[Sean K]

right you were sean....got out at 66.....thining about getting back in.....any thoughts?

I was playing the Lassonde Curve, as I try to with most explorers/developers.

Once they start mining we need to see results in relation to their promises.

As per posts above, TIE have completely failed to deliver, which has resulted in their SP being smashed the past few months. In fact, I think they may have contravened ASX listing rules in regard to continuous disclosure on their production rate and AISC. It's quite clear they are not going to meet the forecast 260K oz in the first year and their AISC is $200 more than they promised in the DFS. Twigging their presentations with disclaimers after the fact is disingenuous at best.

One thing that jumped out at me in the March quarterly is mill head grade they're running. 0.55g/t Au. That's half their JORC grade.

Their plan this quarter is to reach nameplate grade and tonnage targets. I'm sitting on the fence until they lift their game.

 

[pabloran]

thankyou sean

 

[frugal.rock]

Chart not looking great. If I was keen, I'd be waiting for that 50cent support test. If it falls through there, it's looking at testing 45cent support.
It's got a "Dacian" feel about it, no great knowledge of either companies, just reading and it reminded me of Dacian back when it was supposed to be doing well, and has just slid to the pit of despair.)

They really need to get that head grade up...

 

[pabloran]

Chart not looking great. If I was keen, I'd be waiting for that 50cent support test. If it falls through there, it's looking at testing 45cent support.
It's got a "Dacian" feel about it, no great knowledge of either companies, just reading and it reminded me of Dacian back when it was supposed to be doing well, and has just slid to the pit of despair.)

They really need to get that head grade up...

went to agm''''i bought shares that day....caigen advised i got in at a very good price....there was a lot of **** left by artisnal miners....they even built a concrets tunnel....may and june will see a big jump in mill output....im super confident

 

[Sean K]

Chart not looking great. If I was keen, I'd be waiting for that 50cent support test. If it falls through there, it's looking at testing 45cent support.
It's got a "Dacian" feel about it, no great knowledge of either companies, just reading and it reminded me of Dacian back when it was supposed to be doing well, and has just slid to the pit of despair.)

They really need to get that head grade up...

$0.50 ish holding a little. Could be a stopping point. Will very much depend on the next operational update, IMO.

went to agm''''i bought shares that day....caigen advised i got in at a very good price....there was a lot of **** left by artisnal miners....they even built a concrets tunnel....may and june will see a big jump in mill output....im super confident

Did you ask him why they didn't know there was lots of **** left by the artisanal miners, even concrete, after they had been doing infill drilling and pre-strip over the project for the past 12 months?

I really hope the grade, strip and throughput improves towards nameplate production for you.

There's been too many about faces from the company for me to even consider it for a chart trade.

 

[Boggo]

Been watching TIE as it did pop up in a software weekly chart scan last week.

(click to expand)

 

[DrBourse]

Hi Boggo…..

Agree with you on TIE…… Possible Trade Signals given 6/6/23 in the form of a Piercing Candle Formation….

Although it’s still in a pretty strong Downtrend, it appears to have found support @ the 0.49c/0.50c area….. With Possible Resistance @ 0.60c and again @ 0.67c any ST Trade would need to be monitored closely, as a new Lower Resistance could happen very quickly IMO…

It’s not my type of stock as they have NO Financials to speak of, actually what Financials they do have are Utterly Disgusting – Typical PD Stuff…

 

[pabloran]

no i didnt sean....they advised a village of 20000 had sprung up...they have now been moved on...caigen was very confident....and thats all i need to know

 

[Sean K]

TIE seem to have forgotten what the DFS said they were supposed to produce in the first year of gold production. ie, 260Koz.

The grade is nowhere near their MRE numbers either. Where they've started is supposed to be over 1g/t.

 

[mullokintyre]

Happy I took my profits back in October and never got back in.
mick

 

[mullokintyre]

TIE seem to have forgotten what the DFS said they were supposed to produce in the first year of gold production. ie, 260Koz.

The grade is nowhere near their MRE numbers either. Where they've started is supposed to be over 1g/t.

View attachment 159175

View attachment 159176

BTL did an in depth analysis of TIE that makes me even more wary.
There has been a big jump in Cash, when one might expect that with mill startup the opposite would occur.
They appear to have done a complete drawdown of their funding facilities, without saying so.
In the previous quarterly, they said that mining operations were running ahead of the milling perations, whreas in this quarter, the opposite is true, just when they reach expected max throughput of the mill.
Then there is the much lower mill output and lower gfrades than the original DFS that Sean K mentioned, despite them saying that they had used some of the richer grades as throughput into the mill.
There is also the fact that the area is entering the tropical wet season, which often puts a brake on production as well as mining.
In general, for TIE to reach the nameplate figures they offered last quarter of 120 k OZ's, and then onto 200koz's per year, the ramp up is going to be enormous, there are so many ducks that need to be lined up, that the risk reward has dropped to below where I want to punt.
Mick

 

[peter2]

Latest report seems better than prior ones. Progress?

Gold grades improved as the excavation has gone through the ground fossicked by artisanal miners.

 

[peter2]

Daily price chart is building a case for a H&S reversal with a BO > 0.55.

 

[Sean K]

Latest report seems better than prior ones. Progress?

View attachment 160484

Gold grades improved as the excavation has gone through the ground fossicked by artisanal miners.

The grade is better but I don’t understand how the MD can say it was an improvement when mill throughput is less than half and 4000 less ounces produced.

Maybe I’m missing something on their mining schedule.

 

[Sean K]

TIE is interesting chart wize close to this very dodgy support zone but I can't go back when the fundamentals have failed and the management have continued to lie about the projected production rate. 260K in the first year is 21K oz per month.