TMR - Tamaya Resources

[habs]

Interesting announcement today!
The appointment of exploration managers for both portugal operations as well as south america.
The south american manager (Mr Eric Roth )has had stints at sons of gwalia, bhp, rio tinto, Coeur d’Alene amongst a couple of others and is currently working for AngloGold Ashanti, where he headed a team that announced a 4 mill tonne gold resource in australia, and finishes in april. After that he joins tamaya in chile and speaks fluid spanish

The announcement also says that the 140,000m drilling program at Filipina Grande starts in 3 weeks time. Drilling was originally expected to start at in the first week of January, (as per nov 13 asx update). So nice to know its very close to getting started!

 

[Wysiwyg]

Amid the sustained decline, todays interview with Inspector Callaghan has continued the companies steps toward a mid-tier mining group.

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[trinity]

newbie question:

any reasons for the big drop? -17.5%, apart from the market crash/correction?

 

[habs]

small companys always get hit hard during a crash/correction, and are also fast to recover.

the great announcements just keep on coming from tamaya, the dalmacia copper discovery 2 days ago which looks like being another copper play, and today, the lichkvaz gold mine in armenia is now being commissioned to examine the potential for a copper/zinc play as well... bring it on!!

but the most interesting piece of information in the release was this little obscure line "we then expect cashflow from our 2 operating mines to allow a minimally dilutive financing of Filipina Grande in Chile which is set to be developed as Tamaya's third copper-gold and iron-ore project"

now there was mention of a possible iron ore play ages ago at FG, but i think this is the first rather solid mention of it!

exciting times ahead, bring on more drilling results!

 

[chewy]

Yeah too very good announcements in the last few days - suprised it hasn't come back even stronger yet.

 

[ROE]

I been following this stock with interest and take a stab this morning from my spec money ...

funny enough I been making more money on specs in the last 6 months than my blue chip that pay dividends.

70% return on spec money so far in last 6 months.

But knowing my luck that 70% probably be return in lost at some stage

 

[bvbfan]

Lickkvaz project with a NPV of $200million while TMR has a market cap of about $190million.

I like those numbers since no value attributed to Chilean or Portuguese interests.

This is in the bottom draw for a while now.

And once the Canadian listing takes place we might get the rerating for this stock, provided equity markets settle between now and then

 

[Aargh!]

I'm surprised how this stock has performed recently. I'm not ramping this stock just flicking through some magazines where Tamaya got a mention.

August 2007 Money magazine p93. "Why Buy - The new management is now a year into its turnaround strategy and beginning to some pay-off in the share price". Continues "the Perth-Melbourne-Sydney Patersons has initiated coverage on the stock following a four day site visit in early July, forecasting a 12-month price target of 37c based on Punataqui copper mine". The author David Haselhurst (no relation to Hoff before you get excited) has a buy up to 30c recommendation.

I apologise since I cant find the issue of the Smart Investor but they also rate the stocks potential. If anyone can give me the month it would be appreciated.

 

[Rocket man]

Reading this thread and doing some digging I am interested in this stock and long term sp trend looks very positive. Seems to tank hard in the down periods though .. more than other similar spec stocks that is

how far off production are they ?

 

[ROE]

I'm surprised how this stock has performed recently. I'm not ramping this stock just flicking through some magazines where Tamaya got a mention.

August 2007 Money magazine p93. "Why Buy - The new management is now a year into its turnaround strategy and beginning to some pay-off in the share price". Continues "the Perth-Melbourne-Sydney Patersons has initiated coverage on the stock following a four day site visit in early July, forecasting a 12-month price target of 37c based on Punataqui copper mine". The author David Haselhurst (no relation to Hoff before you get excited) has a buy up to 30c recommendation.

I apologise since I cant find the issue of the Smart Investor but they also rate the stocks potential. If anyone can give me the month it would be appreciated.

I read on it a while back, I think Smart Investor November/December 2007 I'm not 100% sure which month but it's one of those two.

 

[chewy]

broke the shackles today - currently up over 17%

Rocketman - they are already producing! but have lots of expansions over the next few years.

 

[ROE]

Reading this thread and doing some digging I am interested in this stock and long term sp trend looks very positive. Seems to tank hard in the down periods though .. more than other similar spec stocks that is

how far off production are they ?

this is out of comsec

Company Strategy
TMR will continue to focus on its current projects. Punitaqui in Chile is an operating mine undergoing further expansion which is expected to be completed by December 2007. The increased production and reduction in unit operating cost will generate cash flow. The increased production will also benefit from higher commodity prices. Also, TMRs Lichkvaz (gold) in Armenia is ready for development subject to financing. Management plans to apply for listing on the Toronto Stock Exchange in Canada in 2008. Tamaya Resources advised that profit after tax for the half year ended 30 June 2007 is 46.5m, up 145% from pcp. Sales revenues were $22.8m, up 68%, largely due to higher copper production and a significant higher copper price. Copper production was up 67% to 2,717t. The company is currently planning a TSX listing as a junior copper-gold producer.

 

[robandcoll]

Just out in The Australian today.....

http://www.theaustralian.news.com.au/story/0,25197,23117433-5005200,00.html

Tamaya Resources (TMR)

BBYBuy recommendationShare price target of 62cLast traded at 20.5cONE of BBY's key themes in its market outlook for 2008 is that in the resources sector it is now super important to differentiate between companies that are managed for long-term shareholder value and those that are not. BBY obviously thinks that Tamaya is one of those better companies which is geared towards long-term shareholder value and which is trading at a discount of around 70 per cent to its discounted cash flow valuation. Latest news from Tamaya is that test work at its Lichkvaz project in Armenia supported the idea that it was lucrative for copper and zinc, as well as gold.

"The confirmation of a significant base metals content emphasises the low-cost nature of the project, with studies pointing to a total operating cash cost after by-products and royalties of approximately $US295 an ounce," Tamaya chairman Hugh Callaghan said.

 

[chrism0014]

That should read 6.5 million profit after tax for the half year ended June 2007.
Refer to announcements 13/09/2007.

 

[chewy]

Another good ann out today - TMR secure $45mill funding for Armenia gold project. Up another 12% so far today. There is also a single buyer wanting 3million shares at 22.5

 

[agro]

why is this going down?? when other stocks are up? clearly something is wrong..

any point in holding to march figures come out?

 

[laurie]

why is this going down?? when other stocks are up? clearly something is wrong..

any point in holding to march figures come out?

Maybe its being manipulated! because it's being held down at this price range for months soon as it heads towards .30c bang a sell down this happened when it was .10c as SMC Gold my worth

cheers laurie

 

[agro]

Maybe its being manipulated! because it's being held down at this price range for months soon as it heads towards .30c bang a sell down this happened when it was .10c as SMC Gold my worth

cheers laurie

yeah i recall a massive 1million order at 22c ages ago

must be manipulated going by what u r saying

 

[Lycon]

Encouraging ANN today hopefully some light at the end of the tunnel for those who patiently hold.
I like the fact they are on target for april production rates and the Dalmacia exploration sounds promising.

 

[prawn_86]

Yeh i was amazed by how much the dropped yesterday for no apparent reason.

I think that they are still a good long term hold, and Pattersons also shares that view. May just have to buy some soon when i free up some capital, if they are still sub 20c.