TLM - Talisman Mining

[Pat]

Well is this thing ever going to retrace?

"Black monday" saw a very small fall to 75c support, then Tuesday saw a strong bounce back up to 90c


I love the fundamentals of this and I really really want to have a big position, but this chart scares the hell out of me!

Techies what do you see happening next?

Depends what the markets do YT...IMO, I think its a bit too unstable ATM. It's had a great run and if it keeps on going so be it, as you know, it's a very spec play, much more so now as there is quite abit of downside.
Anyway dude, your on several other co's that have made similar gains, you can't win em all. Or can you?

 

[dogwithflees1983]

Just noticed that TLM has dropped back to 77c, i bought in at 90c, and it looks like a good buying oppportunity!!
It dropped back to 80c on monday then bounced back strongly to 91c tuesday.

Any thoughts on why the share has dropped?

 

[sydneysider]

Just noticed that TLM has dropped back to 77c, i bought in at 90c, and it looks like a good buying oppportunity!!
It dropped back to 80c on monday then bounced back strongly to 91c tuesday.

Any thoughts on why the share has dropped?

We are waiting on drill results due shortly. Profit taking has been very lite and mostly very steady. At current levels IMHO TLM is a very asture buy. The presentation and PR on the TLM website clearly defines their iron ore targets as "potentially sized" in the multi-hundreds of millions of tonnes. IF drilling results bear out this potential the SP will be a 5-10 bagger. TLM should be preparing drill pads and access right now for drilling in late November and continuous thereafter for proving up of a resource. I understand from internet chatter that the drilling company has a stake in TLM so I would imagine that they would be very keen to get back to drilling. But then why would the drill company be so keen?

 

[Hakkers14]

Breakout to $1.04, stong buy support for both heads and options... on a day when the asx not doing much...looks like some action to come..

 

[sydneysider]

Breakout to $1.04, stong buy support for both heads and options... on a day when the asx not doing much...looks like some action to come..

Read the quarterly report that came out on Friday. IMHO based on the information provided by TLM there is a speculative case for + one billion tonnes of iron ore over four target areas on their lease. West Angeles is 10 kms West AND on strike of TLM with 924 million tonnes of iron ore THEN Hope Downs 400 MT and Area C with 820 MT 13 and 20 kms North of TLM. That is a total of 2.14 billion tonnes of iron ore being mined right next to the TLM lease. FMG only has 1.1 billion tonnes at the moment.

FMG market cap $13.8 Billion
TLM is $87.36 million. Good luck to all longs

 

[adobee]

Damb ! this closed at 1.22 ... i thought I would buy today when it retraced a bit like everything else.. come back my orders not filled and its up 40% on open ..... this is becoming a familiar story form me !!!

 

[Pat]

Well a continued run, WOW!!! Have the drill results leaked? Theres drill results? Anyway, never mind, I am confortable to sit back and watch the outcome. I wonder if this is somewhat overheated, so much downside now. good luck to all longs, I hope this is the next FMG for all holders. Just to teach me some patients, and how to hold a stock...

 

[michael_selway]

Read the quarterly report that came out on Friday. IMHO based on the information provided by TLM there is a speculative case for + one billion tonnes of iron ore over four target areas on their lease. West Angeles is 10 kms West AND on strike of TLM with 924 million tonnes of iron ore THEN Hope Downs 400 MT and Area C with 820 MT 13 and 20 kms North of TLM. That is a total of 2.14 billion tonnes of iron ore being mined right next to the TLM lease. FMG only has 1.1 billion tonnes at the moment.

FMG market cap $13.8 Billion
TLM is $87.36 million. Good luck to all longs

i thought FMG had close to 2 Bill?

Are we talking about reserves or resources?

thx

MS

"Talisman Mining Ltd is a Perth-based precious and base metals explorer with a geographic focus on the northwest of Western Australia.

Listed on the Australian Stock Exchange on November 25, 2005, Talisman is managed by a team of professionals with extensive experience in mineral exploration, mining, project finance and corporate management, and is well positioned to deliver wealth to shareholders through discovery and sustainable development of mineral resources.

Talisman’s primary objectives are:

1.
to evaluate the iron ore potential of the Wonmunna project, Hamersley Basin, Western Australia with a view to participate and the buoyant Global iron ore market.

2.
to evaluate the company's concept for World””class copper-zinc-gold-silver mineralisation in the previously unevaluated Hamersley Basin.

3.
to continue to add to the Company’s gold resources in the Gascoyne Region, Western Australia, with a view to becoming a profitable gold producer at the earliest opportunity.

4.
to continue to evaluate other suitable mineral opportunities as they become available."

 

[Spaghetti]

Regarding the response to ASX price query response today does anyone feel this company is perhaps a bit dodgy?

They did not hold back from announcing huge potential but have held back on drill results that appear to be poor?

And why disclose that they are in talks with an investor in this announcement, again seem to be talking up potential so why hide the facts?


Want to believe in this company but.............

 

[UPKA]

Regarding the response to ASX price query response today does anyone feel this company is perhaps a bit dodgy?

They did not hold back from announcing huge potential but have held back on drill results that appear to be poor?

And why disclose that they are in talks with an investor in this announcement, again seem to be talking up potential so why hide the facts?


Want to believe in this company but.............

from the announcement, the drill results have been delayed till late Nov oppose to early Nov announced in the last ann. didn't really explain why it is delayed, could be because of delays at the labs? but I think TLM has ran ahead of itself, need a breather now

 

[Spaghetti]

UPKA

No they have the results but managment feel they are insignificant and will not release to the market, so the drill results that were due will not be disclosed.

 

[drasicjazz]

how do you know for a fact that they already have the results and that they are significant?
and why would they wait?

cheers

 

[YOUNG_TRADER]

I suppose its all a mater of perspective really,

You see I actually interpreted their response to mean that the results that have been received are very positive and may over emphasize the potential of the project,

Why did I come to this conclusion? Because after being in the game for so long I have realised that insiders are very prevelant in the mining sector and even more so towards the junior end, something caused yesterdays huge spike and regardless of any conspiracy theories etc, there was some serious buying at the start which broke the 75c to 95c channel, so I ask why?

Why would insiders buy up big on the back of poor results?

This stock totally blind sided me, it was DJ who first alerted me to it a few weeks back, however the stock had already done a meteoric rise, I bit the bullet and eventually paid up and bought a couple 100k opies at 60c,

While this may retrace/consolidate blah blah, I do see serious long term potential, given the sheer upside of their projects and thus will hold and ignore the noise so to speak

From some very basic calculations and based on prior drilling it would seem they have at least 30Mt's of Fe grading 60%+, This alone at $5/t warrants a $150m mkt cap = $1.65ish

The upside could be 200Mts-400Mt's@57%-58%Fe for comparatie mkt cap potential look at the mid tiers with this sort of resource

While there is a long way to go for this company the upside is huge.

I should add I was hesitant to post about TLM much because of the huge sp rise

p.s. Why is the company dodgey if they tell the market they are in potential discussions with an investor? It could be a Chinese partner which may also explain the buying yesterday, isn't it only right that the mkt know of these possibilities and not just the insiders?

 

[Spaghetti]

how do you know for a fact that they already have the results and that they are significant?
and why would they wait?

cheers

Insignificant, not significant, and I say that because the annoucement said they felt the results were insignificant.

 

[sydneysider]

Insignificant, not significant, and I say that because the annoucement said they felt the results were insignificant.

A lot of these announcements are done with the wording approved by company lawyers. Why? because TLM is on its fourth speeding ticket (from memory). IMHO the use of the word "insignificant" is really meant to say " read our results in context of the totality of drilling" the whole issue of iron ore assays is the grade AND extent of depth and distribution. A few holes into a billion tonne target is really insignificant...if you get my drift...and here i am being very very speculative...

 

[Spaghetti]

Hi Sydneysider,

I may be reading too much into it. I read that the drill results could not have contributed to the s/p increase if they had been released, suggesting to me not very good. However they did state in their presentation that due to native agreements they could only drill along pre-existing tracks so they were limited where they did drill. May have been better to wait and hit better targets!. However they did state they would be able to tell if they had commercial quantities from these preliminary results so wonder now, a little. Have written them just to clarify a point, see how they respond.

cheers

 

[YOUNG_TRADER]

Well I think TLM is trading amazingly well given the share price run up, I am glad I bit the bullet and picked up the opies at 60c

My guess is that the stock will range between 95c and $1.35c as there seems to be plenty of buyers for it,

If the stock does hold the 95c - $1.35c range, it will be very very positive for future SP moves, (See charts for reference)

I'm waiting for drill results + who this mystery investor is, originally I thought Chinese, but then remembered they usually only JV etc once JORC is there, so I thought who else and thought Talbot is a possibility,


Also I have heard that the stock is being accumulated by a Perth Broker, however I cannot confirm this yet

 

[CanOz]

A view of TLM from Tradeguider's perspective. The text bubble is referring to the red square just above the last trust. Pretty thin traded stock, but its falling back on lower volume so not generally a bad thing.

Pretty bullish until some key support levels are taken out.

Cheers,

 

[YOUNG_TRADER]

Well I think TLM is trading amazingly well given the share price run up, I am glad I bit the bullet and picked up the opies at 60c

My guess is that the stock will range between 95c and $1.35c as there seems to be plenty of buyers for it,

If the stock does hold the 95c - $1.35c range, it will be very very positive for future SP moves, (See charts for reference)

I'm waiting for drill results + who this mystery investor is, originally I thought Chinese, but then remembered they usually only JV etc once JORC is there, so I thought who else and thought Talbot is a possibility,


Also I have heard that the stock is being accumulated by a Perth Broker, however I cannot confirm this yet

Amazing, simply amazing, the mkt is getting slaughtered and not only does TLM defend the 95c support it bounces really really hard off it and rallies to a high of $1.25c amazing I am gob-smacked

 

[tech/a]

Wouldnt get to excited this is a 1 minute chart.
Buying isnt from any particular large accumulator that I can see.

But on the positive side there doesnt seem to be supply!

Can Aussi you can also place your alert settings at a lower sensitivity to be alerted of the more "meaningful"
Actions of Volume and Range.
Cuts out a lot of noise,particulatly if trading longer timeframes.