TIE - Tietto Minerals

[mullokintyre]

I'm still sceptical about how they can pull this off so quickly. The only reason I thought they could is they had ordered the mill pretty early and the team building this did Sanbrado on time and cost. Still, it's only 6 months before first pour due. I'm prepared for a delay for some reason, but as long as they're pouring Q1 23 I don't think they'd be punished too much.

Yeah, was not sure if they meant Q4 calendar year or Fin year.
Maybe they left it deliberately vague so that they have an out clause.
Mick

 

[finicky]

I left a bid sitting for a month @ 0.45 but it expired before this downturn; not luck - the usual extreme finesse of timing.
This is just a throwaway comment but I am wary of the chart. I see price is up today but unless it can break up through ~0.40 I am visualizing a possibility of down to say 0.30? Around 0.40 seems important level to maintain an build upon.

 

[Sean K]

I left a bid sitting for a month @ 0.45 but it expired before this downturn; not luck - the usual extreme finesse of timing.
This is just a throwaway comment but I am wary of the chart. I see price is up today but unless it can break up through ~0.40 I am visualizing a possibility of down to say 0.30? Around 0.40 seems important level to maintain an build upon.

Around 37 looks pretty important now. 30c downside possibility on general market destruction, and I'll backing up the ?

 

[pabloran]

all systems go as far as im concerned boys....get on

 

[mullokintyre]

Another update out today.

On schedule and oon budget.
It has answered my question as to whether it was calendar year or fin year.
Distinctly states Calendar year Q4 is completion date.
Can only hope now that the current market rout causes more weakness.
Mick

 

[Sean K]

This is a nice headline but when you look at the tables with the 77 DD holes they're mostly about 1m @ less than 1 g/t, so not that great. It's all quartz veins which is where they get their high grade hits from. I suppose if the veins are stacked like AG Core and go to depth they could add some ounces to an updated MRE later this year. Would like to see some wider hits than this in extension drilling for more significant upside. Will be interesting to see the updated LOM plan later this year with higher gold price and throughput. It's already going to be paid off in 12 months, and would be nice if LOM increased by a few years.

 

[mullokintyre]

More infill drilling results out.

LOM plan due out any day now, will be interesting to see what they come up with.
Did not get any at the low ball 30 bid I had in, but I probably have enough TIE in the portfolio anyway.
Mick

 

[pabloran]

time to start shining

 

[Sean K]

More infill drilling results out.
View attachment 143991
LOM plan due out any day now, will be interesting to see what they come up with.
Did not get any at the low ball 30 bid I had in, but I probably have enough TIE in the portfolio anyway.
Mick

Early Q3 on the project feasibility study should mean pretty soon. Before mid next month at the latest. It's a shame POG has come off so much at this time as changing the gold price from $1700 to something like $2000 would have looked very impressive.

Looks like there was some bargain buying done in the 30s...

 

[mullokintyre]

Early Q3 on the project feasibility study should mean pretty soon. Before mid next month at the latest. It's a shame POG has come off so much at this time as changing the gold price from $1700 to something like $2000 would have looked very impressive.

Looks like there was some bargain buying done in the 30s...

View attachment 144230

Yea, up 13% today.
30 looks a very distant view in the rear vision mirror.
Mick

 

[finicky]

Up 11% on strong volume intraday!
Chart basically looks good, best fit downtrend line overcome, ditto on the RSI, and some decent positive volume bars coming in. Are we expecting a bit of a pullback from ~0.45 last peak of the downtrend or will it break though without hesitation? I'm more inclined to think a short pullback to test 40c 'zone' but not high conviction. Tempted, but was looking at the project location on a map the other day and thought "do I want to invest in another African play and this one close to the Mali border?" That and general dyspepsia towards gold stocks.

Not Held

 

[Sean K]

Zhaojin can have my shares for around $1.00, thanks.

 

[mullokintyre]

Zhaojin can have my shares for around $1.00, thanks.

View attachment 144343

Nah, holding out for 1.50 thanks.
mick

 

[Sean K]

Nah, holding out for 1.50 thanks.
mick

A bidding war would be nice.

More infill results. Standard stuff.

 

[Sean K]

TIE MC now back to about $500m with (I think) about $80m still in the bank to pay for the build, so still looking good for a future 200Kpa producer with zero debt. This period of selling off gold juniors/explorers/developers has proved to be an amazing opportunity in the short term.

I thought 48c was going to be a bit tougher to break through but seems to have cleared that, for the moment.

 

[mullokintyre]

Latest announcement saying they are still on track for scheduled completion and first gold pour in last quarter cal year 2022.

Mick

 

[Sean K]

Latest announcement saying they are still on track for scheduled completion and first gold pour in last quarter cal year 2022.
View attachment 145553


Mick

They've done an amazing job bringing this together so quickly. Matt Wilcox is going to have another very impressive story to put on his CV.

 

[mullokintyre]

They've done an amazing job bringing this together so quickly. Matt Wilcox is going to have another very impressive story to put on his CV.

Yep, but it has not generated a rerating of TIE share price, but I am happy to keep holding uuntil the realistion pops at the end of next year.
Mick

 

[Sean K]

Yep, but it has not generated a rerating of TIE share price, but I am happy to keep holding uuntil the realistion pops at the end of next year.
Mick

I think the market's asleep at the wheel and I agree, perhaps when they put a photo up of a gold bar at the end of the year the lights might come on. I've still got my fingers crossed there's no accidents or major start-up issues out of left field.

 

[Sean K]

This is the second time there's been a major shift in the goal posts. Just a few weeks ago they were 'fully funded' to first gold pour.

I've lost trust in this management.