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TIE - Tietto Minerals

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I am taking a slightly more positive approach.
the 58 cents SPP is a good way above recent prices, which is unusual for an SPP.
I am looking at it as an opportunistic squeeze some money out of the chinese.
Will keep holding.
Mick
 
mullokintyre said:
I am taking a slightly more positive approach.
the 58 cents SPP is a good way above recent prices, which is unusual for an SPP.
I am looking at it as an opportunistic squeeze some money out of the chinese.
Will keep holding.
Mick
Click to expand...

I've got a feeling they might be using this raise to cover cost overruns on the build. Instead of admitting, 'oh, it's not on budget', let's say 'we need it for exploration'. The 'accelerate studies' excuse just doesn't scan to me.
 
Latest announcement today says the project remains on schedule and on budget.
Either they are a good management team or great con artists.
The video suggests it may be the former.
Still holding, not adding.
Mick
 
More infill drilling out today.
Given these results are outside the inferred resource, one would hope that LOM will be upgraded , and the MRE increased sufficiently to give it a kick along.
The original feasability report had gold at 1420. It has been somewhat higher than that for quite a while.
Mick
 
down to 45 now.
Those Chinese who stumped up a few mills at 58 must be a little unhappy now.
Tie managers must really be great salesmen.
Mick
 
Thanks, I thought I'd sold a remaining parcel near the open (not 30M) but see that it didn't go through. Thought the order may have been purged. Happier now after that unusual trading day.
 
peter2 said:
Thanks, I thought I'd sold a remaining parcel near the open (not 30M) but see that it didn't go through. Thought the order may have been purged. Happier now after that unusual trading day.
Click to expand...
Also a bit unusual is if we ignore the 30mil cross the nearly 7 million volume is nearly 3 times the average of the last 20 days. Could be something brewing.
 
TIE has had a few good days, on the back of general gold equity interest. Unusual with POG still at lows, though has had a few OK days. Now on about a $600m MC, so getting fulling priced perhaps. Not sure until they come out with the new LOM plan on the last MRE. Around that 60c level there'll probably be some selling.

 
@Country Lad and I noticed some unusual volume Oct 3rd. It's been revealed today that a Chinese Mining company has bought 7%. They paid above market price at the time.

 
Zhaojin owns 7%, Chijin owns 10.7%, I'm curious about the other major shareholders. China Corp may be trying to grab this company.
 
peter2 said:
Zhaojin owns 7%, Chijin owns 10.7%, I'm curious about the other major shareholders. China Corp may be trying to grab this company.
Click to expand...

A Hong Kong company owns just over 5%. I'm not sure who Zhaojin and Chijin have been buying their shares off. Lots of movement at the top with these disclosures. This is old data now.

 
Had to take some off the table here, even though I sense something fishy is going on with the Chinese taking big positions.

 
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