TMR - Tamaya Resources

[Bolivia]

SPXT means it is a "Special Crossing"

This is allowed with trades over $1,000,000

You can't cross trades to yourself.

A special crossing in this case would mean that the seller didn't have to offer their parcel to the market. It also means that the seller can cross the trade at any share price they want. It is effectively an out of market trade.

 

[agro]

Substantial Increase in Tamaya Group copper resources

• Increase in copper resources at Punitaqui operations, Chile
• 43% increase in all resource categories to 10.6Mt at 1.4% copper
• 28% increase in copper contained in Measured and Indicated Resources
• Maiden Dalmacia open pit Resource of 2.7Mt at 1.0% (all resource categories)
• Drilling has commenced at the Arco Iris section of the Dalmacia Project

ann just made now

 

[noirua]

TMR's Executive Chairman, Mr Hugh Callaghan, speaks on BRR about the substantial Increase in Tamaya Groups Copper Resources: http://www.brr.com.au/event/41405
http://www.tamayaresources.com

 

[laurie]

TMR's Executive Chairman, Mr Hugh Callaghan, speaks on BRR about the substantial Increase in Tamaya Groups Copper Resources: http://www.brr.com.au/event/41405
http://www.tamayaresources.com

Out of all the shares I own this one is a dog of a share the amount of good news that comes from HC if he was D.Nelson he would be the next prime Minister just like opinion polls yet it seems to be held down like a collar around its neck now why does not the ASX query that lets face it this should be much higher based on the good news alone

cheers laurie

 

[neil79]

Agreed with the good news Tmr releases the sp should be alot higher. Unfortunately with certain ppl holding this back atm while accumulating, it's not going to move north in any hurry. Given that alot of sellers have pulled out and buyers side has more depth to it now. Once the manipulation of the sp has slowed (which it looks like it nearly has) this ones away.

Remember there were strong buy recommendations on this at .30 so its only a bargain now!!!

Cheers neil

DYOR

 

[laurie]

I will tell you now what exactly will happen when it reaches .20c,.25c,.30c like to have a guess

cheers laurie

 

[neil79]

I'm not exactly sure where you are going with that? but you think it's a dog going nowhere obviously and I think it's got the potential and proven resources. I'm sure we'll find out soon enough.

Cheers neil

 

[laurie]

The point I'm making Neil is at those price points I quoted they get sold off and we get what we are having now,it needs to break the .30c barrier hence my dog of a share with a collar around its neck tag we had the same problem when it was SMO it could not get past the .10c-.13c price range

cheers laurie

 

[habs]

hey laurie, its not only TMR that is down, its almost everything, look at the poor old guys at NMS for example. a real up and down market, if you want your quick 50% and get out, it doesnt come around much at the moment. I think the big 4 are down around 30% also.

give it time. this is becomming one very solid diversified mining company, and when the gold mine comes online at under $300/oz production, wow one of the cheapest producers ive come aross.

 

[JoeWinters]

I think what needs to happen may already be starting - changes to the composition of the shareholder book from early holders in SMO at .05 per share, to institutional buyers in the U.S. and Europe.

I suppose there isn't the liquidity for it, but I also wonder why at these prices they don't initiate some sort of buyback program - 1B shares outstanding plus a few tens of millions in unexercised options is a lot stock.

Oh well - I'm holding out for $1.00 per share in 1-2 years, although we'll probably get taken out by some private equity group at 0.35 and this whole thing will be academic.

 

[Aargh!]

Perhaps this ann explains some of the pressure on SP lately....?

Since then the SP has been rising very strongly with another strong finish today up over 10% to 21c from a low of 13.5c last week.

Cancellation of 15 million Share Options

Tamaya Resources Ltd (ASX: TMR and the “Group”) advise that further to the Group’s announcement of 22 February 2008 (“Market Update”), the 15 million share options issued to Latitude Resources plc (“Latitude”) in 2007 have now been cancelled.

Latitude sold its shareholding of 30 million shares in TMR last week and by agreement, as a condition of Tamaya’s approval of the divestment, the share options were cancelled.

The 15 million options had been issued in three tranches of 5 million options at 30 cents per share, 40 cents per share, and 50 cents per share respectively which were due to expire on 4th September 2009.

Latitude became a shareholder in TMR following the 2007 transaction involving the acquisition by TMR of a 100% interest in Latitude's Chilean subsidiary. The acquisition of the subsidiary, Latin American Copper Chile S.A., included a portfolio of tenements with a focus on the Coastal Ranges iron oxide copper gold (“IOCG”) belt in Chile which more than doubled Tamaya’s copper resources at the time. An exploration campaign is underway to progress the Filipina Grande project, while mapping and interpretation work continues at
the Santa Dominga project.

Tamaya Resources Executive Chairman Mr Hugh Callaghan said that the Tamaya Group share price had recovered following the removal of the overhang in the stock, and following the entry of new professional investors and institutions onto the register.

 

[prawn_86]

Also the fact that they released their half yearly profit figures today.

NPAT of $6.6mill with EBIT of $16 mill (off the top of my head)

 

[neil79]

Nice close on friday .21c for TMR, still alot of buying pressure and driving sp north. All backed up by good reports and sitting pretty in a sea of red on friday. Glad to be holding

 

[jim ray]

what is going on with tmr share price?
can anyone fill me in with why this shareprice is almost at a yearly low?

 

[urgalzmine]

I think the sp is being manipulated. Last time it hit .13c then next couple of days it flew upwards to 21cents. I hope it flies soon its really making me uneasy

 

[mick2006]

For those interested in quick trades, TMR will be very interesting to watch over the next 24 hours, with the company to be included in the all ords index in the morning, all funds that track the all ords index will be required to purchase TMR shares to comply with their index weighting. Judging by the buy depth at the moment a few funds are already lining up ready to buy.

Also on top of the addition to the all ords TMR are in the middle of a 190,000 metre drilling program covering their Chile (copper), Armenia (gold) operations with some results due very shortly, which could also add some more upward momentum

 

[rico01]

Just did a little research on TMR
In the prelim final report on 29/02/08 it shows a NTA of 16.1 CPS [last year 5 CPS] With incresing profits over the last 12 months This could be one to bottom pick [so to speak]
You could be right Mick

 

[mick2006]

hey rico, I certainly like TMR short term it will certainly benefit from the inclusion in the all ords and all the index tracking funds having to buy into it over the next couple of days to maintain correct index weightings.

also you have the explorational upside with news continuing to flow out of Chile/Armenia.

The gold deposit in Armenia will certainly surprise a few to the upside with a resource of 1.7 million oz's at a healthy grade of 7 g/t. If you include copper/silver credits it works out to be 5.2 million oz's of au equivilent which is nothing to sneeze at.

with production due to commence in the first quarter of 2009 at a cash cost of only $295 oz, TMR is likely to undergo a gradual re-rating higher as gold production is added to their already expanding copper production out of Chile.

 

[laurie]

Wasn't TMR suppose to be floated on the Toronto stock exchange this year! I think its time to scale back the shares to a 1:5 and that will put it back to approx 250m shares on issue and the sp to a $1

cheers laurie

 

[prawn_86]

Wasn't TMR suppose to be floated on the Toronto stock exchange this year! I think its time to scale back the shares to a 1:5 and that will put it back to approx 250m shares on issue and the sp to a $1

cheers laurie

I would assume that with the current global situation TMRs plans to list overseas might/should be put on the backburner.

And i dont see why a share consolidation would really help anything?

It would decrease liquidity, have one off costs etc etc. There are plenty of good successful companies out there with 1bill + shares on issue