Australian (ASX) Stock Market Forum

TTY - Territory Resources

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nioka said:
The market certainly didn't like it and punished the share price for the premium it is paying for OLY. I actually like the move. OLY just going into production is due for a bounce. DYOR
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I agree, OLY were looking to start producing end of 2008/Jan09, the Kalimantan Zircon project.

according to OLY website http://www.olympiaresources.com/Projects/KalimantanZircon.aspx

it will hopefully earn $40million a year.. however I am not sure if their plants are on track...
 
In the 31st Jan announcement (December quarterly) it said a JORC compliant upgrade would be released during the March quarter which is almost up. So hopefully it shouldn't be too far away now.

Also, does anyone have any information on when the iron ore price negotiations should be completed?
 
Who Dares Wins said:
In the 31st Jan announcement (December quarterly) it said a JORC compliant upgrade would be released during the March quarter which is almost up. So hopefully it shouldn't be too far away now.

Also, does anyone have any information on when the iron ore price negotiations should be completed?
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TTY seem to have their minds focussed on their 29.02% holding in Olympic Resources and 8.05% in Monarch Gold. Quite a lot going on and worth waiting for everything to come together.
 
noirua said:
TTY seem to have their minds focussed on their 29.02% holding in Olympic Resources and 8.05% in Monarch Gold. Quite a lot going on and worth waiting for everything to come together.
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I hope its soon rather than later, I hate seeing a sea of reds especially on this stock :cautious: It looks like alot of buyers though as its below $1 now.
 
While I'm of mixed minds about the MON holding they did get it at what appears to be a low price so if the grades pick up it could turn out to be a good investment.

I do like the idea of buying into OLY as it is a producer now as has already been stated on this thread. I think TTY will be successful with the take over bid and it will effectively give them more cashflow. Combine all this with the Frances Creek resource upgrade shortly and the almost imminent price rise for iron ore things don't look so bad.
 
LOL. Just had a good laugh at the rather persuasive letter from TTY to OLY shareholders thats just been posted on TTY anouncements. Classic! I love it...
 
LOL!!!

It's such an oxymoron.

It reads like this:

Dear OLY holder,

Because you are not selling to us, let TTY point out all the things wrong with OLY. That's why you should sell them straight away; to us; TTY.

That's right, we want your so called "bad" shares. Why? Cause we want to look after you.:D:D:D

P.S DNH
 
TTY have been buying up more OLY everyday this week.
I suppose figuring if they can't have them in the takeover they might as well have a majority holding?
 
Muschu said:
I'm puzzled by the large drop in TTY's SP given that they are already exporting haemetite iron ore. Are their iron ore deposits too limited in size?
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If you read the previous posts u will understand that TTY has been doing everythign accept building the reserves for TTY.

They are propping up gold miner MON and they currently trying to taking control of OLY

Both these projects are diverting funds from TTY, which should of been better utlised to increase the reserves for Frances Creek and explore/acquire other IO.

There are also the down turn in the market which has caused the market to be savage towards TTY. ??

Anyone else have the same or different opinion?
 
Muschu said:
I'm puzzled by the large drop in TTY's SP given that they are already exporting haemetite iron ore. Are their iron ore deposits too limited in size?
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I'm not happy with the way TTY has been going for me. I don't think the iron ore supply is the problem, I think it is investors generally being unhappy with the other investments being made by TTY, with their buying into OLY as an example. I just hope the directors know what they are doing. I hope they are not "gambling" the iron ore profits on looking for something like Lassiter's Lost Reef.
TTY now have almost 45% of OLY. OLY has mineral sands which hasn't done much for BMX. OLY also have uranium prospects wtich may or may not be a winner. Probably not, in the short term at least.
They also now hold over12% of MON.and are still buying on market by the reports.
I hold a few TTY but they are my "May sell" list.
 
urgalzmine said:
If you read the previous posts u will understand that TTY has been doing everythign accept building the reserves for TTY.

They are propping up gold miner MON and they currently trying to taking control of OLY

Both these projects are diverting funds from TTY, which should of been better utlised to increase the reserves for Frances Creek and explore/acquire other IO.

There are also the down turn in the market which has caused the market to be savage towards TTY. ??

Anyone else have the same or different opinion?
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I must have been typing the same thoughts when your post message was posted. As you will have seen by my post I agree 100%.
 
Unfortunately for TTY there seem to be a lot of shareholders ( like nioka and urgalzmine) who have a very small time frame ( a mouse click or two) and have little understanding of the building of a company.
Drilling to produce a JORC resource and building a company does not happen overnight. Fortunately we have other investors such as the Noble Group and DECO who are willing to wait and share in the vision.
Don't think that MK is doing this alone, these deals and takeovers are done with discussion and agreement with these large shareholders.
I would prefer to have the likes of Richard Elman of Noble Group behind TTY than the scatter brains of some AFR day traders and the like.
Noble Group have more idea on present commodity demands and future requirements than any ASF posters.
Lets see where TTY is 12 months from now.
Urgalzine, don't you think $25 million for exploration and drilling over the next 24 months is enough??? see announcement.
 
Rimtalay said:
Unfortunately for TTY there seem to be a lot of shareholders ( like nioka and urgalzmine) who have a very small time frame ( a mouse click or two) and have little understanding of the building of a company.
Drilling to produce a JORC resource and building a company does not happen overnight. Fortunately we have other investors such as the Noble Group and DECO who are willing to wait and share in the vision.
Don't think that MK is doing this alone, these deals and takeovers are done with discussion and agreement with these large shareholders.
I would prefer to have the likes of Richard Elman of Noble Group behind TTY than the scatter brains of some AFR day traders and the like.
Noble Group have more idea on present commodity demands and future requirements than any ASF posters.
Lets see where TTY is 12 months from now.
Urgalzine, don't you think $25 million for exploration and drilling over the next 24 months is enough??? see announcement.
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no dude


I agree that TTY isnt for the short term. I was just responding to Muschu question. which was:


Muschu said:
I'm puzzled by the large drop in TTY's SP given that they are already exporting haemetite iron ore. Are their iron ore deposits too limited in size?
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However to answer you, Rimtalay, I just wasnt happy that TTY gave $2million to OLY and then started propping MON ( go read the MON threads)

I really think OLY would be good for TTY. MK always indicated that he wanted to get into Zircon and minerals, by memory OLY was going to produce its first profit of $42million?

I was just responding to Muschu as he wanted to know why the SP took a dive, but hey any constructive criticism is welcome. no need to attack me... take a chill pill :p:
 
urgalzmine, if you think buying MON is all about propping up, then think again. Have you contacted MK and asked him. I think that you should before you make such stupid statements.
Just because some ASF posters say this does not not make it correct.
Send an email to Michael and ask him, I'm sure that he will answer you promply.
Michael Kiernan [mailto:mlk@crawleyinvestments.com.au]

urgalzmine, I am not attacking you, but I think it is about time that a few people start to deal in facts instead of rubbish.
 
Rimtalay said:
Unfortunately for TTY there seem to be a lot of shareholders ( like nioka and urgalzmine) who have a very small time frame ( a mouse click or two) and have little understanding of the building of a company.
Drilling to produce a JORC resource and building a company does not happen overnight. Fortunately we have other investors such as the Noble Group and DECO who are willing to wait and share in the vision.
Click to expand...
Whoa there. That is a bit unfair. I invested in TTY as an iron ore PRODUCER. If I want to invest in a gold prospector I'll chose one that specialises in gold. As for whether I invest short term or long term that is up to me to decide. I chose TTY originally as an iron ore producer investment which should be producing profits NOW, not possible profits in the future. At 75 years of age and relying on investment INCOME I am not interested in them spending iron ore profits on gambling looking for Lassiters Lost Reef.
A lot of others must think the same or the SP wouldn't be showing with red ink.
As for sand minerals, check out BMX as an indication of the benefits of owning a mineral sands company.
 
To be fair to everyone, isn't it a long-standing objective of TTY to be a diversified miner? I'm sure I've read this, and not just recently.

:)
 
Exec Chairman, Mr Michael Kiernan, does seem as if he is going hell for leather into on market buying of Olympia Resources (45.3% so far) and Monarch Gold (12.52% so far), as well as committing $25 million in developing Frances Creek.

I hope his backers stay in position, as concern on how far TTY will go in this on market buying is holding the stocks price back.
 

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