TNC - Transol Corporation

[J.B.Nimble]

Interesting announcement. For a long while I thought Liberty might be struggling within this corporate structure but it seems to be getting fair attention and resourcing, with drilling underway and now the new exploration licences.

I'm looking forward to seeing some drill results soon...

 

[robandcoll]

Options? does anyone know if TNC has options. Prefer to trade those at the moment. Gives you leverage

appreciate it

 

[inefekt]

Options? does anyone know if TNC has options. Prefer to trade those at the moment. Gives you leverage

appreciate it

Yes they do.
TNCOA
Expire May 2011

Why do these posts have to be at least 100 characters in length, it's pretty silly and very annoying

 

[mickqld]

Outstanding development potential for this company now. Right next door to BHP/Mitsubishi joint venture Bauxite project.

ASX ANNOUNCEMENT
Granting of Bauxite Exploration Licenses at Mondlekiri Province - Cambodia

http://imagesignal.comsec.com.au/asxdata/20080723/pdf/00862430.pdf

 

[b1gb055]

Does anyone know what is happening with this stock? According to the recent announcement we should have had some sample results by now. I see the price has fallen recently & looks like the stock may be being manipulated prior to a significant announcement.

Cheers

 

[J.B.Nimble]

The May 27 announcement of drilling commencement and a 4 to 6 week lab turnaround would suggest first results may have been possible by late July. My suspicion is that drilling progress has been slower than hoped due to inexperience (first RC drill rig in Cambodia) and also due to the wet season. The promised lab turn around in Laos may not have transpired - a little SE Asian rubber time perhaps...

The run up in price was preceded by rumours surrounding the visit to Cambodia by senior Transol staff. The "something big going down" turned out to be the granting of bauxite exploration tenements - pretty interesting news but maybe not what some were hoping for...

In the current market a minnow can't swim against the current for long. It would be nice to think that something big is imminent, but I can't see any manipulation right now - interested to see the announcement but not losing any sleep over it...

 

[Agentm]

18 November 2009

ASX ANNOUNCEMENT

Transol Corporation Limited - Appointment of new director
(ASX Code: TNC)

Transol Corporation Limited (“Transol”) is pleased to announce that Mr Phillip Jackson has been appointed to the Board as a non-executive director.

Mr Jackson is the Managing Director of Enhanced Biogenic Methane Ltd (EBM), which follows a successful period with Energy Infrastructure and Resources Ltd (EIR) as General Manager, Development. Transol has acquired a 20% equity position in EBM and has an option to purchase the remaining 80%.

EBM has an exclusive Australian licence from the Western Research Institute (WRI) of Wyoming, USA, for the use of patented technology for biogenic methane enhancement.

Phillip has over 20 years experience in coal seam gas exploration, resource management, environmental and risk management as well as a background in microbiology making him well suited to advance EBM into the territories of commercialising new hydrocarbon technologies and creating sustainable resources for Australia.

Over the last three years, Philip has project managed a number of exploration and technology ventures including the SunState GTL Project, TRU Energy Queensland gas exploration program as well as several other exploration opportunities in Australia and overseas.

Prior to working with EIR, Mr Jackson formed part of the CBM Asset Team in BHP Billiton whereby he was responsible for the development and maintenance of enterprise wide risk strategy and HSEC for CSM within BHP Billiton and directed and supported risk management for CSM projects. This
included a very successful exploration program in Inner Mongolia, Peoples Republic of China.

Mr Jackson has reinforced this knowledge with a Master of Business Administration from the University of New England, a Post Graduate Diploma – Safety Management from Massey University, NZ, a Diploma of Air Pollution – Royal Society of Health – 1984 and a Diploma of Public Health – Royal Society of Health.

Transol’s Managing Director, Mr Angus Edgar commented: “It is a great development for the Company to secure the services of such a highly credentialed and experienced professional such as Mr Phillip Jackson. His background and experience will be invaluable to Transol as we embark on the
testing and development of the biogenic methane enhancement technology via our investment into EBM€.

 

[Ruprect]

Ive held this one in a quiet little drawer for a while now. Yes, im patient! Nice to see some news coverage, this time from Garimpeiro in The Age/SMH.

TRANSOL Corp (ASX:TNC) has many strings to its bow, including the recent push into biogenic methane enhancement - a process that speeds up the natural process of coal seams bleeding off methane.

It is one of a number of technology levers that we will be hearing more about in years to come as the coal seam gas sector sets itself up to replace power generation from coal, as well as competing with natural gas for gas export markets.

But Garimpeiro's interest in the stock - apart from a share price of 1.2 ¢ and a market value of $12.6 million - is in its gold interests in Cambodia, of all places.

It's a virgin country in terms of Western world exploration expertise but is now opening up, hoping to attract the sort of mining investment that its northern neighbours Laos and Thailand have secured in recent years.

Cambodia's gold potential has been highlighted to the local market by OZ Minerals. It's got a discovery up there that it is expected will eventually shape up as a multimillion-ounce find with development potential.

We will hear more about the future of OZ's Cambodian gold ambitions today when its new managing director, Terry Burgess, unveils his plans for the company after 100 days in the job.

Transol will be more interested than most in the OZ briefing as it has a big chunk of exploration ground right next door to OZ's Cambodian find.

An address next door to a multimillion-ounce gold discovery is always good news, particularly when the address is in an emerging gold province, not one already picked over to death

 

[Agentm]

some slides from the oz announcement

they have defined their gold prospect as a place to explore right now..

i believe what the article in the age referred to is covered in these slides

 

[craigj]

sounds good but what is the sovereign risk in cambodia ?
other than that worth a look with the low market cap

 

[Ruprect]

Not a lot actually. A whole lot of companies have moved there in recent years. As an aside, i was there myself last year, staggering to see the western investment in the country - property prices have leapt at an amazing rate over the last 5 years.

Its now a stable democracy - much more stable (and less likely to fail due to western influence) than many of the places in Africa.

I look forward to that maiden resource from Oz Minerals in the next couple of months. Nearology could well mean some decent market interest here. I liked the way OZ talked up their Cambodia project - i have a sneaking suspision given their emphasis that they are very confident of a very good resource size and grades. Time shall tell.

This doesnt seem to be a bad little investment for TNC - they are actually into a lot of other stuff, so this one could be a very handy surprise.

 

[springhill]

High Grade Gold Results - Southern Cross Bore


Highlights:
• Drilling from Southern Cross Bore confirms high grade gold mineralisation extending for 200m down plunge from surface
• Mineralisation remains open in all directions and interpreted to continue to at least 500m down plunge
• Drill results include:
- 24m @ 4.19 g/t Au and 0.33% Cu from 79m in 12JRRC001
Including 7m @ 7.28 g/t Au and 0.52% Cu from 87m

- 34m @ 3.83 g/t Au and 0.44 % Cu from 63m in 12JRRC004
Including 3m @ 21.0 g/t Au and 0.47% Cu from 81m

- 4m @ 3.53 g/t Au from 70m in 12JRRC005

- 5m @ 2.73 g/t Au and 0.28% Cu from 108m in 12JRRC008

• Excellent potential for large gold resource within Iron Oxide Copper Gold (IOCG) structure

Background
Transol entered into an agreement with Sturt Resources Limited (“Sturt”) to earn up to a 51%
interest in Sturt’s 100% owned SXB Project located 75km north east of Alice Springs in the Northern
Territory.
Under the terms of the Agreement Transol is required to spend $200,000 on initial drilling at SXB,
which has now been achieved at completion of this eight hole drilling program. Transol now has the
right to spend an additional $800,000 to earn 51%.

 

[AllAussie]

High Grade Gold Results - Southern Cross Bore


Highlights:
• Drilling from Southern Cross Bore confirms high grade gold mineralisation extending for 200m down plunge from surface
• Mineralisation remains open in all directions and interpreted to continue to at least 500m down plunge
• Drill results include:
- 24m @ 4.19 g/t Au and 0.33% Cu from 79m in 12JRRC001
Including 7m @ 7.28 g/t Au and 0.52% Cu from 87m

- 34m @ 3.83 g/t Au and 0.44 % Cu from 63m in 12JRRC004
Including 3m @ 21.0 g/t Au and 0.47% Cu from 81m

- 4m @ 3.53 g/t Au from 70m in 12JRRC005

- 5m @ 2.73 g/t Au and 0.28% Cu from 108m in 12JRRC008

• Excellent potential for large gold resource within Iron Oxide Copper Gold (IOCG) structure

Background
Transol entered into an agreement with Sturt Resources Limited (“Sturt”) to earn up to a 51%
interest in Sturt’s 100% owned SXB Project located 75km north east of Alice Springs in the Northern
Territory.
Under the terms of the Agreement Transol is required to spend $200,000 on initial drilling at SXB,
which has now been achieved at completion of this eight hole drilling program. Transol now has the
right to spend an additional $800,000 to earn 51%.

Has anyone been looking at TNC lately??? With the results above, and new drill results due out anytime now from Johnnies Reward, does anyone like them at a market cap. of only $4mil?

Seems like a bargain to me, or am I missing something?