TMR - Tamaya Resources
- Thread starter chris1983
- Start date
-
- Tags
- tamaya resources tmr
prawn_86
Mod: Call me Dendrobranchiata
- Joined
- 23 May 2007
- Posts
- 6,637
- Reactions
- 7
prawn_86
They can't keep printing money what is it now over 1.2B shares on issue dilution not helping sp and those buying into spp @ .11c will dump on any price increase so down the track expect to see a 3:1 consolidation
cheers laurie
While I agree that the current placement will have a negative short term affect on the price, i dont subscribe to the thought that number of shares on issue is a problem. There are many co's with around 1bill shares on issue.
To me its all about market cap. I couldnt care if there is 10million shares or 10billion. If the market cap does not reflect the underlying assets/potential (imo) then i will buy.
That said, I wont care if there is a share consolidation, because i know that there are people out there who think that price is actually important, so it may put it on a few more radars...
prawn_86
Mod: Call me Dendrobranchiata
- Joined
- 23 May 2007
- Posts
- 6,637
- Reactions
- 7
The halt has me wondering.
They are in the middle of a SPP, so it cant be financing news (can it?)
There is no major expected announcements, and i would have thought if it was just drilling results then there would be no need for a halt.
Very interesting.....
They are in the middle of a SPP, so it cant be financing news (can it?)
There is no major expected announcements, and i would have thought if it was just drilling results then there would be no need for a halt.
Very interesting.....
share consolidation and tsx listing announcment maybe? dont know if that needs a trading halt though.
edit - material placement of shares... sounds like a large issue of shares about to be issued??? maybe they have done some deal like when it bought latin american copper..... dunno
edit - material placement of shares... sounds like a large issue of shares about to be issued??? maybe they have done some deal like when it bought latin american copper..... dunno
- Joined
- 18 February 2006
- Posts
- 4,200
- Reactions
- 2
Hmmm it better be some sort of placement to a very large Chinese institution or even to someone like Glencore or Xstrata,
And it better be at a premium, otherwise it will be very dissapointing to see an issue at rock bottom prices
And it better be at a premium, otherwise it will be very dissapointing to see an issue at rock bottom prices
I did the Bpay thing last night so I'm with YOUNG_TRADER and just hope any large placement is at a higher price than the retail or to a large player.
Last thing this stock needs is a large dilution of its shares, if its a large placement at 11.5 cents then don't think its SP will be going higher in a hurry, may even see it dip below 10 cents and a bit of an exodus with tax loss selling.
Fingers Crossed
Last thing this stock needs is a large dilution of its shares, if its a large placement at 11.5 cents then don't think its SP will be going higher in a hurry, may even see it dip below 10 cents and a bit of an exodus with tax loss selling.
Fingers Crossed
- Joined
- 18 February 2006
- Posts
- 4,200
- Reactions
- 2
Hey Pager, its just these guys don't really need the money atm if they are doing a decent sized Rights SPP which they are,
However if it is a placement at a premium to a very large Chinese institution or even to someone like Glencore or Xstrata then it will be a huge vote of confidence in the company
They have so bloody much, not sure the takeover was the right way to go, maybe JV out some of those Gold Tungsten and even Iron projects?
I'm sure ADY would be keen to get access to more ore for their nearby production operation
However if it is a placement at a premium to a very large Chinese institution or even to someone like Glencore or Xstrata then it will be a huge vote of confidence in the company
They have so bloody much, not sure the takeover was the right way to go, maybe JV out some of those Gold Tungsten and even Iron projects?
I'm sure ADY would be keen to get access to more ore for their nearby production operation
Wysiwyg
Everyone wants money
- Joined
- 8 August 2006
- Posts
- 8,428
- Reactions
- 284
This is one of the primary reasons the share market is difficult at times.Our future success is in the hands of someone else.
I was surprised a company representative telephoned me to see if I was going to take the 11.5c offer up and if I would like to suggest to the management any changes to implement.
Li`l me answered no on both counts.With my paper valuation at less than half now I think it is public perception, rather than company action, so I feel helpless in that regard anyway.Still reasonably optimistic though.
Nice one Hugh pulled a rabbit out of the hat just a week away when the spp endsmight find uranium in a few days time! sorry for the sarcastic remarks it just seems like the good old days with SMO
cheers laurie
I think Laurie is on the money. Note the trading halt finishes the day after the SPP closes. No doubt he is hoping to catch a few more SPP punters, looking for that piece of positive news. I'm still optimistic.
Article link:
http://www.businessspectator.com.au/bs.nsf/Article/Tamaya-Resources-trading-halt-EW3D7
Reports that TMR requested a trading halt "pending an announcement on a material placement". What could that mean?
http://www.businessspectator.com.au/bs.nsf/Article/Tamaya-Resources-trading-halt-EW3D7
Reports that TMR requested a trading halt "pending an announcement on a material placement". What could that mean?
prawn_86
Mod: Call me Dendrobranchiata
- Joined
- 23 May 2007
- Posts
- 6,637
- Reactions
- 7
It means that a placement of a material, or large, size is going to be made to someone. Usually an investment company or bank, but could also be to someone like Xstrata or a major miner etc.
Wysiwyg
Everyone wants money
- Joined
- 8 August 2006
- Posts
- 8,428
- Reactions
- 284
Fund raiser.
Tamaya raises $20 million through placement of securities
Tamaya Resources Limited (ASX: TMR) has raised $20 million through a placement of securities
with institutional and sophisticated investors.
The placement, by way of the issue of 173.9 million shares at 11.5 cents per share and 86.96 million
attaching options (being one option for every two shares issued), was undertaken by lead advisor
BBY Ltd and Claymore Capital.
The terms of the options are:
a) exercise price of 15 cents per share;
b) expire on the date 24 months after their issue date;
c) will not be listed on ASX; and
d) subject to ASX Listing Rules prevailing from time to time.
The Company has also raised funds through a Share Purchase Plan (“SPP”). The SPP closed on
26 May 2008 and the total amount raised will be announced following the processing of all
applications by the share registry.
Tamaya raises $20 million through placement of securities
Tamaya Resources Limited (ASX: TMR) has raised $20 million through a placement of securities
with institutional and sophisticated investors.
The placement, by way of the issue of 173.9 million shares at 11.5 cents per share and 86.96 million
attaching options (being one option for every two shares issued), was undertaken by lead advisor
BBY Ltd and Claymore Capital.
The terms of the options are:
a) exercise price of 15 cents per share;
b) expire on the date 24 months after their issue date;
c) will not be listed on ASX; and
d) subject to ASX Listing Rules prevailing from time to time.
The Company has also raised funds through a Share Purchase Plan (“SPP”). The SPP closed on
26 May 2008 and the total amount raised will be announced following the processing of all
applications by the share registry.
Raised an additional $20 million at 11.5 cents with so called sophisticated investors ????????????? (Who are they ?)
Obviously im not one of them otherwise I would also get a 2 for 1 option attached exercisable at 15 cents which us Retail investors who subscribed to the SPP (unsophisticated) didn’t
Can’t see this setting the stock going higher but would like to be proved wrong.
Obviously im not one of them otherwise I would also get a 2 for 1 option attached exercisable at 15 cents which us Retail investors who subscribed to the SPP (unsophisticated) didn’t
Can’t see this setting the stock going higher but would like to be proved wrong.
prawn_86
Mod: Call me Dendrobranchiata
- Joined
- 23 May 2007
- Posts
- 6,637
- Reactions
- 7
Yeh very disappointing in my eyes.
Good to raise the cash, but managements credibility is slowly falling.
How can they get the same issue price and a free option at 15c??
15c is a joke, the price was above that the other day. 30c or 40c and i wouldnt have been that annoyed.
I think i will be exiting at a loss today, too much opportunity cost on this one now
Good to raise the cash, but managements credibility is slowly falling.
How can they get the same issue price and a free option at 15c??
15c is a joke, the price was above that the other day. 30c or 40c and i wouldnt have been that annoyed.
I think i will be exiting at a loss today, too much opportunity cost on this one now
If this information had been available i would not have subscribed to the SPP
Why it needed a trading halt and why they never gave existing shareholders the 2 for 1 option is very wrong IMO, also to issue the options at such a low price is a mystery to me
Why it needed a trading halt and why they never gave existing shareholders the 2 for 1 option is very wrong IMO, also to issue the options at such a low price is a mystery to me
