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feel like be fooled.
the stock has been diluted.
unfair the Invest institute get option at 15C.
the stock has been diluted.
unfair the Invest institute get option at 15C.
TMR - Tamaya Resources
- Thread starter chris1983
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- tamaya resources tmr
prawn_86
Mod: Call me Dendrobranchiata
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I sold on open.
I dont like to hold shares where i dont agree with management. Off to my next one...
I dont like to hold shares where i dont agree with management. Off to my next one...
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I like many were dissapointed with this placement,
Sometimes management can be so damn daft!
But the fact is the company has a ridiculous amount of Gold and Copper JORC and thus just having a guess I'd say takeover value would be 20c-25c
It looks like a tasty target at current SP levels so I'm gonna hang around here for a bit
Sometimes management can be so damn daft!
But the fact is the company has a ridiculous amount of Gold and Copper JORC and thus just having a guess I'd say takeover value would be 20c-25c
It looks like a tasty target at current SP levels so I'm gonna hang around here for a bit
Re: TMR - Tamaya Resources SPP
Hi guys
If all the unsophisticated investors complain about missing out on the options before the upcoming AGM, they might just reconsider.
email and ph contacts on website
http://www.tamayaresources.com
Hi guys
If all the unsophisticated investors
complain about missing out on the options before the upcoming AGM, they might just reconsider.email and ph contacts on website
http://www.tamayaresources.com
prawn_86
Mod: Call me Dendrobranchiata
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My biggest concern is that the stock can now be massively manipulated with all those options.
15c is not much of a strike price, and personally i value TMR at well over 15c. But now if the sophisticated investors want to hold the proce down, once its over 15c all they have to do is exercise some oppies and then sell them etc etc.
Poor effort by management imo
rub92me
Don't look back
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That wouldn't be a very sophisticated move.
: I think they would only consider converting the options if they're well in the money (i.e. shares trade at 20 cent plus). The options didn't cost them anything so imo they're more likey to wait and see how high the price can go before converting, And of course converting the options would bring in extra funds for TMR so it's not all bad. I don't hold at the moment, but looking for an entry if it were to dip to 10 cents.
this stock is really starting to frustrate me!!! ive held the stock for over a year now and bought into the ssp with the view of long term!
i just think it is time for the directors of tmr to start rewarding it loyal shareholders who have been with the company though its down times. thats why those options to the sophisticated investors has me annoyed! At only 15 cents! you r kidding!
Anyway i hope the annual report is good news! cause i believe their profits should be up dramatically!
i just think it is time for the directors of tmr to start rewarding it loyal shareholders who have been with the company though its down times. thats why those options to the sophisticated investors has me annoyed! At only 15 cents! you r kidding!
Anyway i hope the annual report is good news! cause i believe their profits should be up dramatically!
Wysiwyg
Everyone wants money
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Does anyone know if what TMR have done is OK ?.
To me it seems shareholders have been not given all the facts when they announced the SPP, should they not have suspended it and informed shareholders of there intention to give an institution and some so called sophisticated investor a tranche of shares with options but the current shareholders wouldn't get this ?.
They suspended the shares only 2 days before the announcement but surely this changed the whole SPP ?
Seems us long term shareholders (unsophisticated is how TMR must see us)types were misled
To me it seems shareholders have been not given all the facts when they announced the SPP, should they not have suspended it and informed shareholders of there intention to give an institution and some so called sophisticated investor a tranche of shares with options but the current shareholders wouldn't get this ?.
They suspended the shares only 2 days before the announcement but surely this changed the whole SPP ?
Seems us long term shareholders (unsophisticated is how TMR must see us)types were misled
Wysiwyg
Everyone wants money
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Does anyone know if what TMR have done is OK ?.
To me it seems shareholders have been not given all the facts when they announced the SPP, should they not have suspended it and informed shareholders of there intention to give an institution and some so called sophisticated investor a tranche of shares with options but the current shareholders wouldn't get this ?.
They suspended the shares only 2 days before the announcement but surely this changed the whole SPP ?
Seems us long term shareholders (unsophisticated is how TMR must see us)types were misled
I believe the 11.5 c SPP for present share holders would have been rock bottom.Obviously there are many pithed about the orchestration of the announcements and have voted with their shares by releasing them.
Now ye can buy them for even less than the SPP and THAT is an insult to anyones intelligence and sophistication.
I think the spp was an absolute disgrace!!!
the price dropped to .10 cents today!
What is management doing? they dont inform us about the other side to the spp and then once the shares are issued the shares drop to 10cents. i love tmr!!!
They better do something good soon, because at the moment i am so angry!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! And i also bet everyone else out there are too!!
They dont want angry shareholders!!!!!!!!!!!!!!
where is the confidence?
Do we agree?
the price dropped to .10 cents today!
What is management doing? they dont inform us about the other side to the spp and then once the shares are issued the shares drop to 10cents. i love tmr!!!
They better do something good soon, because at the moment i am so angry!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! And i also bet everyone else out there are too!!
They dont want angry shareholders!!!!!!!!!!!!!!
where is the confidence?
Do we agree?
Never done it before but i emailed Tamaya about my disappointment with them , here is there reply which still doesnt satisfy me as to why the shareholders never got the option, if anything it muddies the water in that respect as if they needed to raise additional funds, possibly in the future then an option with the SPP may well have come in handy
anyway here it is
On behalf of Tamaya Resources, thank you for your feedback.
I have attached a copy of the Chairman’s Address from the Tamaya AGM held in Sydney on 28 May 2008 for your information.
The statement includes discussion of the company’s decision to undertake a share placement in addition to the SPP.
In summary, whilst it was extremely pleasing to receive the support of some shareholders through the SPP, the company was only able to raise approximately $10 million through this process.
The placement allowed Tamaya to raise over $30 million in total at a time where the company needs this level of funding to advance its aggressive plans for 2008-2009.
, here is there reply which still doesnt satisfy me as to why the shareholders never got the option, if anything it muddies the water in that respect as if they needed to raise additional funds, possibly in the future then an option with the SPP may well have come in handy anyway here it is
On behalf of Tamaya Resources, thank you for your feedback.
I have attached a copy of the Chairman’s Address from the Tamaya AGM held in Sydney on 28 May 2008 for your information.
The statement includes discussion of the company’s decision to undertake a share placement in addition to the SPP.
In summary, whilst it was extremely pleasing to receive the support of some shareholders through the SPP, the company was only able to raise approximately $10 million through this process.
The placement allowed Tamaya to raise over $30 million in total at a time where the company needs this level of funding to advance its aggressive plans for 2008-2009.
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I thought Hugh was a smart guy, I stand corrected after this.
Any moron would see it as a better option to drill out the Iberian assets and get a gold stock premium than a base metals one.
Makes me sick because I only ever took interest because of the sellout board at Iberian accepted a crappy offer.
Wonder where IBR would be now.
And reading the announcement seems they don't know what to do with IBR assets now.
Way to go Hugh to earn that 300K+ you are probably on.
Any moron would see it as a better option to drill out the Iberian assets and get a gold stock premium than a base metals one.
Makes me sick because I only ever took interest because of the sellout board at Iberian accepted a crappy offer.
Wonder where IBR would be now.
And reading the announcement seems they don't know what to do with IBR assets now.
Way to go Hugh to earn that 300K+ you are probably on.
Wysiwyg
Everyone wants money
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What a dog of a share. It closed at 9.9c yesterday. Im glad I didnt buy into the SPP. Sorry to those of you who did, you have been well and truely ripped off.
The company announced the institution capital raising (+15c options) after the SPP. This was orchestrated for reasons unknown but they chose the lose-lose situation for the moment.I wonder why.
The sophisticated investors who got the options are probably insiders who know an announcement about a big find is pending. The cheapest way to get exposure to such a find is of course options. Prior to the SPP they did make an announcement about a find of low grade iron ore I think. What if it is better than they announced? The patient investors will be rewarded. This is just a gut feeling so pls DO NOT RELY on it.
