TMR - Tamaya Resources

[Wysiwyg]

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.

Yeah it doesn`t add up.If I knew the low was now I would buy some more shares to lower my 29.5c average.Although i get the feeling there are a lot of disgruntled holders still around waiting to `payback`.

Stocks reflect the general personalities of the holders.At the moment .... pithed.

 

[N1Spec]

I think the share price performance of TMR and indeed of most mid-tier resource companies is a reflection of the cost pressures the sector is currently experiencing. Energy and labour cost are skyrocketing and its not being helped by the high AUD.

There have been many articles in the media about small/medium resource companies being threatened with extinction due to spiralling cost.

Until this is ratified somehow, you will see the share price come under further pressure.

I know for a fact TMR's OPEX is disturbingly high, does anyone know what is there projected OPEX in the future?? I think its currently $2.5p/lb..... someone correct me if im wrong. They better bring that down below $1.50 or im afraid the SP isnt going to go anywhere for awhile.

Cheers

 

[Wysiwyg]

I know for a fact TMR's OPEX is disturbingly high, does anyone know what is there projected OPEX in the future?? I think its currently $2.5p/lb..... someone correct me if im wrong. They better bring that down below $1.50 or im afraid the SP isnt going to go anywhere for awhile.

Cheers

Yes, in comparison to peers it is high.They are only small so efficiency is paramount for survival. Gloom and doom.

Costs

"Total C1 cash costs were US$2.39 per lb payable copper, an increase of 2 cents per lb payable copper on the December 07 quarter. The increase reflects the impact of industry standard cost increases, largely power, the weakening of the US dollar (which accounts for TMR receipts) against the peso (which accounts for operational expenditure) and increased development during the period."

"Industry consensus supports the view of a significantly increased cost base in general going forward. TMR management is focussed on C1 cash cost reduction, including the appointment of specialist external consultants, through improvement in recoveries, grades and consumable and head count reduction following standardisation at the 3000 tonne per day production level."

 

[Tristo]

Hitting 6c today for a new low. Yikes. Need some good and possibly wonderful quarterly results to stem the blood flow and get her going back upwards.

 

[Big_Daz]

They need a good result to restore some of the faith they lost from their shareholders in the SPP....that and the ovious downturn in the market (especially for small caps) have really hurt this company.

Long term holder...

 

[goldmandane]

Whythe hammering today? The production report didnt look too bad to me, infact quite posititve!

And it looks like they have reduced costs a bit too. Any ideas anyone?

 

[Big_Daz]

I couldn't see aything too negative from the report although I only had a quick skim over it. Although they had significant +ve gains in alot of their production for the 1/4, I remember their March figures being dissapointing so don't read those numbers as being outstanding!

Sure compared to last quarter but in the schemes of things it has had a pretty rough time of it this financial year.

 

[Snakey]

I thought it was positive too.
Some people expecting positive figures in the report bought up before to sell on good ann. buy the rumour sell the fact. But in these markets going long on anything is dangerous. Over panic sold IMO. Great stock and great out look. copper still getting good prices. Yet trading way of highs. Grab a few before close and tipped it for the stock comp

 

[goldmandane]

Being pummled again earlyy I stayed out of it yesterday. Either the shorts have got hold of this, or there is some inside news

 

[ROE]

this is my Freddie Mac and Fannie Mae sub-prime stock

This is the dog of all dog for me from 17 cents to this low.

 

[qlksvr]

How low can you go, :bonk: trading at 4.6c today, this is getting ridiculous. Wouldnt be suprised now to see them go to 2c like they were during the old smo days. Might be a good buy then

 

[goldmandane]

Looks like the poor Iberian resources report released todayt has had a lot to do with the big drop of late. Must be insider trading dont you think considering its gone down so much in the days elading up to todays release.

Could be good value in this one, as I think the chilean operations are pretty good, but I am not sure how much of the company is made up of iberia and this could be a severe drainer on their balance sheet. Will look later, internet connection is too slow at the moment to bother.

Lucklily I've stayed out of his one so far.

 

[tulasi74]

Low today of 2.6 cents. OMG. Holding all the way from 26 cents. Not a good buy at all. I applaud all those who did not touch it at 11 cents.

 

[prawn_86]

Either there is something that ordinary punters dont know, or this is one of the craziest examples of panic selling i have ever seen!

Down nearly 40% on no news. NTA is about 14c per share (mining equipment and the like). Currently producing with pirces at about $3/lb and costs (high) of about $2.25/lb.

What the hell is going on here? Surely it will hit a bottom soon...

And i have this for my yearly pick...

 

[rub92me]

Either there is something that ordinary punters dont know, or this is one of the craziest examples of panic selling i have ever seen!

Down nearly 40% on no news. NTA is about 14c per share (mining equipment and the like). Currently producing with pirces at about $3/lb and costs (high) of about $2.25/lb.

What the hell is going on here? Surely it will hit a bottom soon...

And i have this for my yearly pick...

Yes, I would expect those 'sophisticated' investors and loyal holders that took up the SPP to ask some serious questions now. Unless they've not told us about some hidden monster / production cost surprise this looks overdone.

 

[prawn_86]

Also, how/why can a stock drop 40% in a day on no news and not get a speeding ticket...?

If something shot up like this then it would get a query

 

[alanding]

The first thing I want to say is: I made a loss at this after sold it @ 11.c which I bough @ 33.5.
Second is that I am so happy about the decision. otherwise
I felt be cheated when I was asked to buy some "discounted" **** while some "sophisticated" investor bought at lower price.

 

[qlksvr]

The first thing I want to say is: I made a loss at this after sold it @ 11.c which I bough @ 33.5.
Second is that I am so happy about the decision. otherwise
I felt be cheated when I was asked to buy some "discounted" **** while some "sophisticated" investor bought at lower price.

I bet you those 'sophisticated' investors dont feel so sophisticated at the moment. I am extremely suprised that the asx has not given it a ticket, if they gained 300% in a week they would be all over them.

 

[matt1987]

top work for the aus fin review smart investor magazine - tmr was one of their top 10 stocks for 2008, and this was when the sp was 20c

hugh callaghan is a smart man so something has to give sooner or later, either he'll do a runner or the current scrapping of ibr operations is the start of his major turn-around plan.

any opinions?

 

[prawn_86]

This time last year, TMR was also one of Macquarie Small Cap Funds top 10 holdings.

They have a profitable mining operation, NTA of 16cps, prospective exploration potential, about $30mill in the bank, MC at these price around $60 mill. Go figure....

Perhaps a takeover is on the cards...?