TNC - Transol Corporation

[thestorm]

Hi

I held shares in this company when they went into Administration in 2005.

Thye have now been relisted but I am confused as to whether my original shareholding is worthless or whether I can still trade these shares.

The part that is confusing me is that the company issued a new prospectus just last month that was fully subscribed.

Can someone please assist me?

Thanks

 

[thestorm]

Thanks for all of your replies - very much appreciated

 

[thestorm]

No, thank you. All of your replies are so resourceful and informative.

 

[tasmanian]

day storm,

ill try to fit this in around all the other replies.alot of ideas thrown around here for you too work off.

the best i can suggest is to ring your broker and see if you still actually own tmen or just ring the company.

not much info sorry but the best i can come up with.hope it helps.probaly not as much as the other replies but might work.

cheers

 

[Seneca60BC]

Thanks for all of your replies - very much appreciated

LOL

 

[hangseng]

TNC is about to undergo a major transformation.

Now firmly on my watch list and initial position taken, an excellent entry level stock with very low market capitalisation (under $8m) and the latest base metals aquisition is potentially exceptional and displaying early high grades of copper, gold and lead so zinc is also very likely.

Read the 17th April report.
http://www.asx.com.au/asxpdf/20070417/pdf/311z0wlvwtvr33.pdf

In part:
"LMI has a 100% interest in three gold / copper and base metals exploration projects located within the Kingdom of Cambodia, approximately 400 kilometers north-east of Phnom Penh and South of the Laos border. The project areas are called Banlung and Oyadao. LMI can earn a 70% joint venture interest in the third project area called Amdong Meas. The Banlung and Oyadao project areas have previously had limited exploration work carried out including stream, soil and rock sampling, trenching and more recently a magnetic airborne survey that is currently undergoing geophysical
interpretation. Some initial exploration test drilling has been conducted and results are pending. The tenements total approximately 1100 square kilometers, including 208 square kilometers under the Amdong Meas joint venture."

 

[hangseng]

Announcement out

Due diligence is complete and LMI to be sold to TNC.

This is extremely positive announcement for TNC.

 

[hangseng]

TNC is on the move.

Chart looking very positive, volume increasing progressively and all indicators clearly turned positive. Name change about to occur to represent the new face of a potentially significant base metals company. Very early days indeed but a positive start.

 

[mickqld]

Yes hangseng I am liking the look of this one. Jumped in this morning at 3.2 cents. Not much known about the potential resources in N.E cambodia but I am speculating that there could be some good rewards from this relatively unexplored area of the world. In this day and age of resource speculation you have to got to find areas that are relatively unknown but may yield some significant finds. Heres hoping these guys have found that.

 

[mickqld]

Major move on TNC here. Previous highest close since reconst. was 4 cents sitting on 4.3 cents at moment up 22%. Volume is going to exceed previous highs as well. No news but someone is very interested.

 

[ideaforlife]

Where is Hengseng, TNC is getting very strong after a few days' "thinking". Trading volume has reached 6.5 mio within 1.5 hours.

 

[Spaghetti]

Had a look, big gap between sellers and buyers atm. .40 buy and .44 sell. Wonder which way it will go.

 

[Spaghetti]

Interesting that over 7 million trades today and yet the sell side is a rough total not much over 1 million. I do wonder, obviously not buying for quick sale.

 

[Spaghetti]

Closed up 25% higher, volume over 10 mil.

Released an announcement regarding general meeting.

Have tried to figure this one out, anyone have a clue. I don't.

 

[trj6911]

hi guys new to this forum
tnc is a very promising stock huge volume today.
i bought 500000 today 4.9c and its been rolling on since.
am i aloud to say that i guess i will find out..

 

[Spaghetti]

I bought much smaller parcel when it was obvious something was brewing. I would have bought more if I understood a little more.

They have purchased some tenemants from Great Australia Resources. The land shows promise of potential but still seems at highly speculative stage.

They also do computer software. Their February prospectus suggested they may go either way, mining or computers. Seems an odd combo.

Still nice return in one day, looks likely to move upwards some more based on the high volume today purchasing at the .05 mark. Though one can never tell.

 

[ideaforlife]

Also time again to thank Hangseng for picking this one out. TNC seems to have entered a consolidating period, will get more when it stablises.

 

[norip_zxy]

bought 100000 today at 3.9c

up 18% higher and volume over 5m with no ann

any ideas?

 

[Spaghetti]

Norip

Never have a clue why this stock moves.

Two weeks ago or less moved up in price massively based on 3 episodes of huge buying. Perhaps one purchaser?

Dropped as quick or quicker.

Rose back somewhat very rapidly.

Not one for the fainthearted!

 

[hangseng]

Also time again to thank Hangseng for picking this one out. TNC seems to have entered a consolidating period, will get more when it stablises.

Cheers mate, interesting watching this pan out (pardon the pun). When you consider where it is at with the sp compared to AAR a few months ago, it makes you wonder is they more to the eye than what we are seeing here.

AAR was 5.5 cents only a few months ago as a gold producer and excellent base metal project in the waiting. TNC is about to embark on an exploration program in some of the best base metal country in the world, as yet mostly unexplored and is heading to 5c already.

Time for watching to see what is going on for me and to hold before buying anymore, but I do like where they are going to in Cambodia very much.

I can't help but think the sentiment is flowing away from some U specs back to traditional base metals, in particular gold, copper and zinc (my favourite).

Let us share what we can find with all on ASF to watch what is going on here. I think prudent in our watching to keep an eye on Oxiana, currently mining in bordering Laos and looking in Cambodia.