TMR - Tamaya Resources

Lachlan6 said:

I was considering entering (TMR) on Friday but went for PRU instead. Dont get me wrong, (TMR), still looks technically strong IMO, however a few factors made me decide on PRU. Firstly it may be difficult to place a stop on TMR due to the declines well back into previous ranges seen in March and May of over 61.8%. Sure the March decline was on small volume, however I prefer buying into ascending triangle patterns with tighter ranges.

Furthermore the weakish close on Friday showed that buyers are not yet going crazy for TMR and may be a precursor to a decline back to support. Still though, those long I think are on a good one ready to eventually go much higher.

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Its actually very easy to place a stop in my opinion.
EOD stop at 24c.

If it pulls back, to validate the breakout it should never close below 25c.

Again, in my opinion only.

nizar said:

This one is textbook.
Breakout through resistance into all time highs/blue skies on volume

If you find a better chart please let me know.

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Nizar, I looked at the chart and am mighty impressed. TMR wouls appear to have been going sideways since November 2006 and due to this long consolidation may have further to go than the dramatic gains of about 40% over the last 6 days. I looked at the market depth expecting to see an estimated opening price of 0.29-0.30 and was pleasantly surprised to see a 0.28 open is possible.(I know alot of orders can be placed and removed before 10:06 on Monday, changing the opening entirely but there is hope).That reminds me of a another members signature "Hope is not a strategy".
Anyway, TMR looks like a very tradeable breakout of an ascending wedge.

Yes Nizar if I was long i would also place my stop at $0.24, which corresponds to a decline below the gap up on Friday. May look to get in soon anyway if the stock likes these new levels which I think it will with all that recent volume. Cheers, Lachie.

From Saturdays Australian ---->

Tamaya ready to step up to the mid-tier

*
* June 15, 2007

IT'S been two weeks now since Tamaya Resource's friendly scrip bid for Iberian fell agonisingly short.

Much has happened in those 14 days. The boards of both companies have been re-jigged and it is believed that Tamaya is pushing ahead with plans to delist Iberian from the Australian Securities Exchange.

And since the close of the offer on May 31, a paltry 57,000 shares have changed hands in Iberian as the liquidity dries up.

But a funny thing happened on the way to the ASX today.

The value of Tamayan scrip actually closed above the nominal offer value for Iberian for the second day running as the stock market finally gets some traction over the potential of the company.

Remember Tamaya was offering four of its scrip for every one Iberian share.

Tamaya shares today gained 2.5 cents, or 10 per cent, to 27.5 cents on significantly higher volumes. Iberian closed unchanged at 90 cents.

Based on the now closed offer, Iberian should be worth $1.10.

But no-one seems to want Iberian shares. That puts the 14 per cent or so which held out against the offer in a difficult position.

Did they miss the boat? Did they make the wrong decision? Do they know something that the Tamayan holders don't?

Those are some pretty significant questions which only the Iberian folk know the answer to.

One thing is for sure, Tamaya boss Hugh Callaghan is knocking on plenty of doors around the country letting everyone know his plans to take Tamaya into the mid-tier category.

With cashflows from its Chilean copper assets, and now the controlling stake in Iberian's Armenian gold project Lichkvaz, things are starting to get interesting for Tamaya.

And it looks like Callaghan has received a co-operative ear from Shaw Stockbroking.

One week after the unsuccessful Iberian bid closed, Shaw put out a note on Tamaya labelling the stock a buy.

"Through Iberian, Tamaya hopes to be producing gold at a rate of 100,000 ounces per annum at the Lichkvaz project within the next two years," Shaw reported.

Copper production at Chile should also increase to 14,000 tonnes a year.

Shaw also commented that Tamaya had "high probability" for resource and mine life extensions.

It put an upside valuation of the stock at 62 cents, more than double the price it closed at on Friday.

One way or another, the dissident Iberian shareholders bet either Callaghan didn't have the scope to take Tamaya to the next level, or they felt Iberian scrip was worth more than what he had offered.
Unfortunately for them it looks like they are out of the money at the moment.

http://www.theaustralian.news.com.au/story/0,20867,21911532-5005200,00.html

Bought in 2 weeks ago at .215 when the Iberian bid fell shot. Currently enjoying that decision lol

US based Geologic Resource Fund has just taken a 5.3% stake in the company.

Looks like Hughs roadshow and ambitions are starting to get noticed

Nice and steady upwards will keep me happy, very little trader activity which means no huge fluctuations

ann out.

just doubled thier cu resources with jorc compiant acquistions with the potential for more exploration

now we just have to wait for a quaterly report for everyone to really sit up and take notice.

this comapny is already running at a profit and imo is comparable to OXR in the early stages.

excellent visionary management who have delivered everything they have promised so far.

have a look at this:
http://www.theaustralian.news.com.au/story/0,20867,22022850-5005200,00.html

This stock is a very potential one.

And add this also from MiningNew.net. I will go places this one.

Tamaya expands in South America

Paul Garvey
Thursday, 5 July 2007

COPPER miner Tamaya Resources has further expanded its footprint in South America, picking up the Chilean assets of AIM-listed Latitude Resources in an all-scrip deal worth $A24.7 million.




The newly installed crusher at Punitaqui


The Punitaqui plant


Tamaya, which operates the Cinabrio copper mine and Punitaqui plant in Chile's Coastal Ranges, said the acquisition double the company's copper resource base.

The pick of the five Coastal Range projects in the deal is Filipina Grande, which is home to a JORC-compliant sulphide resource of 12 million tonnes grading 1.28% copper and 0.34 grams per tonne gold.

The project also has a small oxide resource of 1.9Mt at 0.83% copper.

Tamaya said a recent review of the project by SRK Consulting found the resource could support an underground mine producing 30,000 tonnes per annum copper and 22,000 ounces pa gold.

Such an operation would more than treble Tamaya's forecast output out of Chile. The company's Punitaqui plant is being expanded to support annual production of 12-15,000tpa copper.

The SRK report calculated an NPV over Filipina Grande of $US88.7 million at $US1.40 per pound copper and $US500/oz gold.

The company said it would look to double the resource base within the 11,300-hectare project as a minimum requirement for a production decision.

Tamaya described the Santa Dominga project, which it will also pick up in the transaction, as highly promising. The project has potential for a 50Mt resource base.

Tamaya chairman Hugh Callaghan said the company was particularly excited about Filipina Grande.

"Priority is to be given to fast-tracking Filipina Grande to production and generating a JORC resource for Santa Dominga," Callaghan said.

Tamaya will issue Latitude with 85 million shares and 15 million options, with the options to come in three equal portions priced at 30c, 40c and 50c.

Earlier this year, a takeover bid by Tamaya for gold developer Iberian Resources ended with Tamaya holding 86.21% of Iberian's issued capital. Iberian's key asset is the Lichkvaz Tey gold project in Armenia.

Shares in Tamaya were up 2c to 27.5c in morning trade today.

its good to see an all scrip deal even though it will cause a little dilution. i think that having 3 lots of options priced right up to 50c is a very positive sign, showing the companies intentions and where it believes its price will head.

the biggest problem facing TMR if you ask me is lack of market interest. Even in quality forums like this, very few people seem to pay attention to it. and that is representative of the broader market, which is why they are goind to list offshore also.

oh well, im topping up whenever i have spare cash at these prices

prawn_86 said:

its good to see an all scrip deal even though it will cause a little dilution. i think that having 3 lots of options priced right up to 50c is a very positive sign, showing the companies intentions and where it believes its price will head.

the biggest problem facing TMR if you ask me is lack of market interest. Even in quality forums like this, very few people seem to pay attention to it. and that is representative of the broader market, which is why they are goind to list offshore also.

oh well, im topping up whenever i have spare cash at these prices

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I totally agree to it.
another good news: (TMR bought the company for $US20 million)
http://www.latituderesources.com/s/...onomic-Copper-Gold-Project-at-Filipina-Grande


* SRK Consulting (Chile) S.A. ("SRK") completes review of internal Filipina Grande scoping study
* New geophysical drill targets discovered in recently expanded landholding
* Opportunity to increase resources significantly through further exploration to support an 8,000 tpd underground, copper-gold mining operation
* Operation of this scale would give an NPV(10%), of US$88.7 million at US$1.40/lb copper/ US$500/oz gold and post Chilean royalties and taxes.
* US$1.87 million in land payments saved this year by dropping sub-economic 98 hectare land package in northern part of project
* Copper and gold grades increased with reduction in overall inferred resource tonnage

what happed in TMR:

TMR 0.270 0.270 0.270 0.000 0 0.000 0.000 0.000 40,000,000


I do not understand this?

Off market transaction. Market didn't like it that's for sure, will have to wait over next couple of days to find who sold/bought.

Thanks.
40M! that's a big trans.
the bad news is SP is dropping
I think TMR is undervalued. It has ambitions.

Rebounded well considering the off market transfer was at 25c and TMR closes Friday at 28.5c with the buyers stack looking very healthy

My first chart.
easy to me.
I think it is a buy signal.
there were two acquisitions(IBR and recently AIM Chile copper).
At least it worth of investigating.

alanding said:

My first chart.
easy to me.
I think it is a buy signal.

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Alan, this sort of claim requires more detail than you have provided.
If you see what you perceive to be a 'buy signal' in TMR's chart you will have to be a little more specific about why you believe this to be the case.

From the chart. The MACD is rising. Now it just across the signal. And the trend shows it will above the signal. That's a bullish signal.
Forget to mention that MACD is above zero

alanding said:

From the chart. The MACD is rising. Now it just across the signal. And the trend shows it will above the signal. That's a bullish signal.
Forget to mention that MACD is above zero

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Don`t like the chart much on this one but I do like the fundamentals for now and in 2 years time.Regardless of metal price fluctuations. L.T opportunity here.


p.s. I think the hang seng is due for a correction soon.

Good to see the chartists getting on this one. I research my stocks looking at what they have in the ground and I am a long term holder of stocks. Management has a proven record since the change from SMC. The last month the press have been all over TMR with the mid tier producer objective. Their latest acquisition in Chile doubles their resource while brings in a new resource. FE. Read their announcements. I am also very bullish on copper and Gold. As a previous poster said this one goes in the bottom draw and I will pull it out in 3 years time. I reckon I will be very happy.

Wysiwyg said:

Don`t like the chart much on this one

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Gotta agree here, the chart aint much to write home about at all. I'm not really seeing what has alanding in love with it.

Looking for a close >29.5.