TMR - Tamaya Resources

[Wysiwyg]

Does anyone know why this stock is tanking? I am guessing it has something to do with falling copper prices?

If anyone knows any other info, would be greatly appreciated.

Tulasi

This company has got the mockers on it.If it coudn`t sustain a honest share price with "historically high" copper prices then if the copper price breaks down to US$2 / lb. , what hope have we got.35c to .014c is a good indication of a negative culture evolved within the Tamaya circle.Though a breach of 10c indicated that.

p.s. I would like to know why it is despised too but don`t expect any truth because that will remain hidden.

 

[prawn_86]

Theres your answer Wysiwig...

Suspension from quotation due to discussions with creditors.

IE - BROKE! And to think i picked this for the yearly tipping comp...

 

[Wysiwyg]

I am and have vented my ness quietly and in a controlled manner.I now feel much better though out of pocket by $18000.I`m sure there are worse off.This is the second time in my life I have been shafted by a white African and am wondering what connection that is.I hate sly people.

The end.

 

[Bushman]

This is the second time in my life I have been shafted by a white African and am wondering what connection that is.
The end.

BHP is also run by a 'white African'.

I am assuming the other sly white African is Andrew Scott?

 

[Wysiwyg]

BHP is also run by a 'white African'.

Being a blue chip and dominant business his "accountability" would be first and foremost in mind.We hope.

Callaghan and co. showed they have poor due diligence ability and poor business operation expense control.

 

[rub92me]

Theres your answer Wysiwig...

Suspension from quotation due to discussions with creditors.

IE - BROKE! And to think i picked this for the yearly tipping comp...

I don't fully understand this. According to their announcements they paid off their debts and should still have about 15 million in the bank. Unless there was some shareprice related trigger in their placement that they haven't told us about.

 

[Big_Daz]

What is our opinions on the announcement today?

JORC...can anyone enlighten me as to the meaning of this?

 

[Aargh!]

What is our opinions on the announcement today?

JORC...can anyone enlighten me as to the meaning of this?

Get a trash can, put all of your cash in it, add something flammable and set a match to it. It just means something more to be broken up when it finally goes belly up.

 

[urbanmike]

Do any of these suspensions and talking to creditors end up with shares retrading? Is there really no chance of any monies coming back to shareholders?

 

[Pager]

Sad to think only a few months ago this mob did a share placement at 11.5 cents that apparently was going to make all the difference and secure the company's future

They even had shareholders including myself complaining that the so called "sophisticated investors" got options with there shares but the average Joe didnt

Not sure how those "sophisticated investors" are feeling right now if and that's a big IF they were still holding this stock when it suspended or had they got out keeping their option ?, do hope the authorities investigate transactions in this company's shares and who was behind them.

Although the money i have most likely lost in this company is small and the share market can be a dangerous place especially with this type of company, i do feel very misled and cheated by these people at Tamaya.

*rant over*

 

[prawn_86]

Theres your answer Wysiwig...

Suspension from quotation due to discussions with creditors.

IE - BROKE! And to think i picked this for the yearly tipping comp...

Worst fears confirmed today. VA appointed due to low CU prices and not being able to repay debt.

And to think i told my old man to buy this He's not gunna be happy with me...

 

[Rough_Trade]

This was not a surprise.
What is more suspect was the high volume traded the day before the trading halt

 

[prawn_86]

This was not a surprise.
What is more suspect was the high volume traded the day before the trading halt

And once again ASIC will sit on their hands as always and not do a thing about it. Because to them small caps dont matter and it is the place where corporate criminals can go about their business without fear of the 'dreaded wrath' of ASIC

 

[trinity]

This was not a surprise.
What is more suspect was the high volume traded the day before the trading halt
View attachment 25224

So people knew and everyone sold out before the less sophisticated investors find out the next day???

 

[Big_Daz]

Damb...it does sting!

Just have to put this down as a lesson I will not do again!

The beauty of a stop loss...and hindsight.

Still doesn't stop you from being angry at big Hugh...however can't blame him for the copper price bottoming out...

 

[N1Spec]

Not the end yet but its looking grim.
The only thing that can save them is if they can sell their Iberian assets pronto and/or CU prices shoot back up over $3.50 p/lb (in a hurry I might add).

 

[laurie]

So if TMR goes belly up is that considered a capital loss as far as the ATO is concerned !

cheers laurie

 

[bliimp]

So if TMR goes belly up is that considered a capital loss as far as the ATO is concerned !

cheers laurie

Depends on your definition of "belly up" ... a receiver's definition of "belly up" ... and the ATO's definition of "belly up"!

I got caught up some years back with the collapse of Pasminco ... Waited nearly 2 to 3 years with no ability to realise a tax loss ... until I utilised the services of www.delisted.com.au ... check them out ... they provide a useful service



Check out the section "We Buy Worthless Shares" ....


31 Oct 08

THIS FACILITY IS NOW CLOSED - IT WILL RE-OPEN AGAIN IN 2009 FOR 2008/09 TRANSACTIONS

Please email us to admin@delisted.com.au if your transaction can't wait until then.

deListed pays a nominal amount of $1 for each parcel of worthless shares. Our Administration Fee for this service is $81 for one parcel and $56 for each additional parcel. If you wish to sell your worthless shares, the fee (net of the nominal amount of $1) is therefore $80 for one parcel, $135 for two parcels, $190 for three parcels, and $245 for four parcels. Shareholders or brokers wishing to process more than four parcels should contact us initially at admin@delisted.com.au . Brokers should also note that we will circulate our next annual list of appropriate companies on or about 30 April 2009.

Shareholders wishing to sell worthless shares are required to take the following steps:

Step 1 - Read our Financial Services Guide and Product Disclosure Statement.

Step 2 - Complete the Parcel Details for each parcel of shares you wish to sell. (we prepare all the documentation and send it to you for signature)

Step 3 - Make payment by credit card of $80 for one parcel, $135 for two parcels, $190 for three parcels, or $245 for four parcels.

 

[JPC_ASX]

deListed pays a nominal amount of $1 for each parcel of worthless shares. Our Administration Fee for this service is $81 for one parcel and $56 for each additional parcel. If you wish to sell your worthless shares, the fee (net of the nominal amount of $1) is therefore $80 for one parcel, $135 for two parcels, $190 for three parcels, and $245 for four parcels. Shareholders or brokers wishing to process more than four parcels should contact us initially at admin@delisted.com.au . Brokers should also note that we will circulate our next annual list of appropriate companies on or about 30 April 2009.

Shareholders wishing to sell worthless shares are required to take the following steps:

Step 1 - Read our Financial Services Guide and Product Disclosure Statement.

Step 2 - Complete the Parcel Details for each parcel of shares you wish to sell. (we prepare all the documentation and send it to you for signature)

Step 3 - Make payment by credit card of $80 for one parcel, $135 for two parcels, $190 for three parcels, or $245 for four parcels[/I].

please clarify?
I have 2 parcels of TMR - atm worth a combined measley $150. I can sell both for $2? Plus pay $135 admin fee? So im paying somebody to buy them effectively. Why dont I just leave them as is and save the $135? Am I missing something here??

 

[jet328]

Why dont I just leave them as is and save the $135? Am I missing something here??

The idea is that you have now disposed of your shares & hence can include it on your tax return.

eg. this FY you made $50k on BHP & lost $30k on TMR (both held less than one year) = $20k gain

whereas if you hold onto the shares you will have to pay 50k CGT