TMR - Tamaya Resources

[Sean K]

this is a buy and hold, and i cant help seeing comparisons between this and OXR in its early days. Thats just my opinion though and not based on any facts.

Like OXR because of......oh yes, it has projects in Chile, Potugal and Armenia (lichkavaz??).......hang on! What the? .....You're right prawn, must be just a gut feeling....

Got some good projects and I agree with the comment this is a steady as she goes stock. For something that has 20b shares on issue!

Good that the board and management have a key stake. What's HSBC doing there?

 

[prawn_86]

its more of the potential and management side of things that i see similarities to OXR rather than the individual projects themselves.

Close enough to 1bill shares on offer which is also similar. What does OXR have? about 1.5bill from memory

do you hold kennas?

 

[Sean K]

its more of the potential and management side of things that i see similarities to OXR rather than the individual projects themselves.

Close enough to 1bill shares on offer which is also similar. What does OXR have? about 1.5bill from memory

do you hold kennas?

No, being following when I remember to. I have about 300 stocks on my watch list, so I lose track now and then.

They make nice presentations. I like that! It's like having a good web site - just shows some professionalism and attention to detail. Damn Army coming out in me.

 

[mick2006]

hey kennas, maybe you can pop over to TMR's operations and give us a first hand report of how things are going

on the serious side there are quite a few major institutions that appear on TMR's top 20 shareholder list, and even some of the smaller brokers are now covering the stock, I think once this correction has run its course we may start kicking ourselves for missing out on some real bargains.

In no way am I jumping all in, I just think a calculated entry strategy over the coming months can yield some good results longer term

 

[UPKA]

hey kennas, maybe you can pop over to TMR's operations and give us a first hand report of how things are going

on the serious side there are quite a few major institutions that appear on TMR's top 20 shareholder list, and even some of the smaller brokers are now covering the stock, I think once this correction has run its course we may start kicking ourselves for missing out on some real bargains.

In no way am I jumping all in, I just think a calculated entry strategy over the coming months can yield some good results longer term

Yes i agree, with the volatility around, its too risky to jump all in at the moment, i think the best time to get in is after Wednesdays RBA meeting, which i think there's a 70% chance that they'll put up the rates again.

 

[mick2006]

one major thing that alot of people have overlooked with TMR is its Iron Ore potential, with the latest acquisition in Chile delivering significant Copper/Gold resources it also adds a huge iron ore potential with the company already taking about a 1 million tonnes per annum iron ore production.

With copper production already ramping up (13,000 tonnes 08) and development underway for a substantial gold operation thanks to the acquisition of IBR (100,000+ oz), the possibility of iron ore production will certainly add to the attraction of TMR going forward.

With significant exploration upside in Chile(copper/iron ore/gold) and Armenia/Portugal(gold). Added to increasing cashflows and profits, will start to show up on larger companies radars.

Another major plus is the number of major institutions already on the share register both local and international

TMR is well positioned to become a major force in the new breed of midtier multi commodity producers.

 

[Wysiwyg]

one major thing that alot of people have overlooked with TMR is its Iron Ore potential, with the latest acquisition in Chile delivering significant Copper/Gold resources it also adds a huge iron ore potential with the company already taking about a 1 million tonnes per annum iron ore production.

With copper production already ramping up (13,000 tonnes 08) and development underway for a substantial gold operation thanks to the acquisition of IBR (100,000+ oz), the possibility of iron ore production will certainly add to the attraction of TMR going forward.

With significant exploration upside in Chile(copper/iron ore/gold) and Armenia/Portugal(gold). Added to increasing cashflows and profits, will start to show up on larger companies radars.

Another major plus is the number of major institutions already on the share register both local and international

TMR is well positioned to become a major force in the new breed of midtier multi commodity producers.

I like to read those positives there mick2006....I can wait for 25 years to see this company realise the plans.The markets can go up ,down ,sideways or even cartwheel if it wants.While the company remains focussed on the plans at hand then going with the flow aint no big deal for me.

Good to see your enthusiasm.:bayer:

 

[Joules MM1]

I am long at .325 and still see this stock on a techical level and fundamental level to have good prospects.........a breakdown through this area would see an exit if, at the same time, I see sell volume lifting and no buyers comming to meet the price...........

 

[prawn_86]

Hugh Callaghan the MD once again putting his money where his mouth is and purchased more shares on market yesterday.

He took advantage of the dip and paid 28c for them.

Always nice to see directors buying

 

[prawn_86]

yet another fairly unnoticed announcement.

planning to ramp production up to 100,000oz gold p/a by march 09.

total capital cost of mine development only $60million, which is only one years worth of production, or 2 years of profits, as costs will be $300 per oz.

even more to like about this unrecognised miner

 

[Spaghetti]

Unloved offshore miners with tonnes of potential

Tamaya Resources (TMR), an Australian company that is involved in exploration and production activities in South America, recently doubled its copper resources in Chile through the acquisition of Latin American Copper.

Tamaya has several assets in Chile with highly promising resource estimates that could sustain long term production. But in the near term the most important news is that the company has commenced production from its Punitaqui project.

Tamaya achieved earnings of $10.7 million in the half year to June 2007, and this is expected to increase substantially in the next twelve months as the company ramps up production at Punitaqui. The mill capacity has been expanded to 3000 tonnes per day, allowing Tamaya to double production.

Tamaya provided an update on its exploration at Cinabrio, an identified resource that could be combined with the Punitaqui operation, effectively extending the mine life without the impact of set up costs. A potential inferred resource of 300,000 tonnes of copper oxide and copper sulphide has been delineated. Further exploration results from Cinabrio as well as Tamaya’s progression from explorer to a profitable producer should provide medium term share price momentum.
http://compareshares.com.au/hoey12.php

 

[Spaghetti]

I do like Tamaya, more for their business plan than what they actually have at the moment. Buying opportunities close to or in production appeals in the current climate. I think it will take time but as long as they follow their ambitions I see a fairly long term good potential company. Will want to see higher eps forcasts for the long term fairly soo though. I put more value on potential than actuals until business plan starts to materialise. So how the market will value this company, not sure but high 30's should be achievable as is, as it was almost there before that fateful week and also fits in with price targets set by shaw stockbrocking who report can be found on their website.

 

[laurie]

Announcement out tonight IBR to be delisted on ASX site hopefully this should get it out of the mid 20's

cheers laurie

 

[prawn_86]

latest ann states that TMR's purchase of Filipina Grande from Latitude has gone through and that their copper reserves have now more than doubled with an inferred resource of 12MT @ 1.28%cu plus other bits and peices.

According to plans this will be their next operational copper mine. Plus when IBR's gold mine is going that means they will have 3 operational mines within about 2 years.

still very little market attention though, im happy to hold long term

 

[prawn_86]

everything has gone through now with their LAC acquisition.

85mill shares to double their copper reserves, not too bad in my books

still a wonder when the market will wake up to this one. within another 2 years they will have 2 operating copper mines and 1 operating gold mine.

long term hold for me.

 

[prawn_86]

I know not many of you follow this one, but their ann today gave their new resource estimates for all their operations.

1.7mill oz gold * 700 = $1.2bill
302770 tons copper * 7000 = $2.1bill
4.4mil oz silver * 12 = 52mill

therefore total in ground resources = $3.8bill

Current market cap = $276mill

Therefore if market cap was to move to 1/10th of resources share price would have to move from 27c to 36c.

current share price is only 2x FY08 earnings

enjoy!

 

[adamwu]

to prawn_86,

thanks for your analysis. I have been waiting for its rising for one month. right now the sp is 28c. very good beginning.

 

[petervan]

Profit up 145% with a lot of activity coming up this looks promising.I was thinking of selling for quick profit but what caught my eye was the Canadian listing early in 2008.Would expect, or hope for a good run up in conjuction with the listing. Glad to keep this one in the drawer for a few months.

 

[Spaghetti]

http://www.theaustralian.news.com.au/story/0,25197,22412700-15023,00.html

There's quite a lot to like about the Tamaya train.

Good management, cash-flow positive, copper resources and now a whopping 145 per cent improvement in its half-year profit.

In fact, the only people who can't stand Tamaya and therefore its chairman Hugh Callaghan are the small number of Iberian shareholders.

But that's their business. Daily Assay wonders if they lie awake dreaming at night wondering whether they made a bad decision not to accept Tamaya's 4-for-1 scrip offer given that the ratio of Tamaya to Iberian shares is now 3-for-1.

Anyway, that's another story. Iberian stock will soon be de-listed from the Australian Securities Exchange.

Tamaya profit for the half-year to the end of June was $6.53 million, up from $2.66 million in the 2006 first half. Earnings Per Share is now 1.1c, compared to 0.1c back then.

Importantly, cash costs at its Chilean copper operations, Punitaqui, fell 8 per cent.

Tamaya expects to be listed on the Toronto Stock Exchange sometime next year as part of its plans to develop into a mid-tier mining company.

But what investors would really welcome, and what is the icing on the cake on a big day for Tamaya, is the 45 per cent increase in reserves.

Gold resources stand at 1.74 million ounces, Copper is at 302,770 tonnes and silver resources total 4.46 million. It is important to note that the resources stand across all categories of proved and probable.

Ask anyone, it's very handy for a company these days to have exposure to more than just one commodity.

Surely Tamaya can't have any more good news sitting in its bag of tricks. Or does it?

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[prawn_86]

what do all you techies think?

does it qualify as a breakout now? the volumes have been steadily increasing over this week and the fundamentals are strong