TUL - Tulla Resources
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Keen interest again this morning as market depth heavily favouring buyer's.. pending Lithium assay results overdue so perhaps "leaky good news" !?
Tulla Resources Completes Funding!
Tulla Resources (ASX:TUL) is pleased to announce that it has now completed on it's US$21.5 million (A$30.0 million*) secured credit facility with Nebari Partners LLC (Nebari).
The secured credit facility is comprised of a Debenture Loan Facility of US$13.5 million & a Convertible Loan Facility of US$8 million (together, the Loan Facilities).
The Loan Facilities are to be drawn down on 1 June 2022. The key terms of the Loan Facilities are set out in the Company’s ASX announcement dated 28 April 2022.
Tulla Resources’ Executive Director, Mark Maloney, said:
“This is a great outcome for the Company as it gives us certainty in funding our Norseman Gold JV commitments as we progress towards the recommencement of production in Q3 2022.
We have worked collaboratively with Nebari in closing this transaction and thank them for their validation of, and support for, the future of the Norseman Gold Project".
Nice to see AUD Gold price spike higher overnight to $2,604 +1.06%
goldbroker.com
Gold Price in Australian Dollar (AUD) - Live Price and Historical Chart | GoldBroker.com
Gold price in AUD (Australian Dollar). Historical chart and real-time quote (live price per gram, ounce, kilo) on the LBMA, yearly performance in Australian Dollar.
goldbroker.com
Came across following article from about 2 month's ago..
rogermontgomery.com
Tulla Resources – ambitions to become a diversified mining and investment house
I was watching an investor presentation from Mark Maloney, Executive Director of Tulla Resources (ASX: TUL), and an ex-colleague of mine. The company had a tough start to public life, floating on the ASX in March 2021 at $0.90 per share before a substantial de-rating to $0.40 per share six...
Gold shot up +$46 overnight (bullish signal) aligning up with the right time for upcoming Norseman commissioningCame across following article from about 2 month's ago..
Tulla Resources – ambitions to become a diversified mining and investment house
I was watching an investor presentation from Mark Maloney, Executive Director of Tulla Resources (ASX: TUL), and an ex-colleague of mine. The company had a tough start to public life, floating on the ASX in March 2021 at $0.90 per share before a substantial de-rating to $0.40 per share six...
TUL finished green today @ 0.51c +8.51%TUL announced today that " Norseman gold project/construction progressing on time and on budget! "
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Yeah, Supply side is getting very thin. Given the proximity of Production, Shares at these low 50's should be hard to find in the near future. Fully expecting a few more "gap ups" over the next few weeks.
Well some decent "buy bids stacking up" with sp @ 0.54c +6.93%Yeah, Supply side is getting very thin. Given the proximity of Production, Shares at these low 50's should be hard to find in the near future. Fully expecting a few more "gap ups" over the next few weeks.
Garpal Gumnut
Ross Island Hotel
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I must admit that I had a low ball punt at TUL at 3.59 pm and feel grateful I did not get filled. I usually don't engage in this sort of behaviour usually buying at market, but hey, it is now past 4pm and its a new ASX year.TUL just announced:
"Iron Ore Offtake and Funding Agreement with Constance Iron L"
P.S. Terrific news as diversifying/unlocking more value for shareholder's during 2022/23 and beyond
@wayneL included due to time clock, EOFY and wait for October ( Could be a good movie ).
The world is too complicated, I may regret not getting filled but poor ole TUL continues on one of my watchlists from last year.
gg
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Lol. The sorts of behaviour that you may or may not engage in Mr GG are possibly best left to our collective imaginations
ps Regarding TUL; Fair bit of medium/longer term potential with this fella I reckon. I bit the bullet and sold my remaining PNR a little while back and relocated it into TUL because I think the bang for the buck looks more attractive. Hopefully that turns out to be a wise decision.
Great opportunity to "top up again" imo as don't think it's going to get much cheaper than it is at presentLol. The sorts of behaviour that you may or may not engage in Mr GG are possibly best left to our collective imaginations
ps Regarding TUL; Fair bit of medium/longer term potential with this fella I reckon. I bit the bullet and sold my remaining PNR a little while back and relocated it into TUL because I think the bang for the buck looks more attractive. Hopefully that turns out to be a wise decision.
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Great opportunity to "top up again" imo as don't think it's going to get much cheaper than it is at present
I think perhaps you should qualify this statement. ASIC seems determined to eliminate public statements that attempt to influence someone's decision to buy or sell specific financial products. See INFO 269.
T
I do however take note of /appreciate a public forum such as this ASF as a "window of opportunity" to be enlightened by what opportunities may present themselves on our ASX market. It would be a real pity/shame if our freedom to discuss the merits of any given stock or company/commodity etc. is taken away from us for "fear of influence".
So much for the so called democracy we live in promoting freedom of speech we all supposedly have/are entitled too !?
So to try qualify my earlier post above I'll just provide a research link directly from Tulla Resources website for anyone interested (not investment advice per say)
tullaresources.com
Hi @Joe Blow I see/acknowledge your point raised so thanks for the heads up. It is not my intention here to tell people to buy or not to buy a given stock as it is up to the individual concerned to do their own research/make their own investing/trading decisions. That is simple common sense.
I do however take note of /appreciate a public forum such as this ASF as a "window of opportunity" to be enlightened by what opportunities may present themselves on our ASX market. It would be a real pity/shame if our freedom to discuss the merits of any given stock or company/commodity etc. is taken away from us for "fear of influence".
So much for the so called democracy we live in promoting freedom of speech we all supposedly have/are entitled too !?
So to try qualify my earlier post above I'll just provide a research link directly from Tulla Resources website for anyone interested (not investment advice per say)
Research Reports - Tulla Resources
2022-04-05 Canaccord Genuity Report 2022-04-06 Bell Potter Report 2022-02-01 Bell Potter Research report 2022-01-20 Canaccord Genuity research report 2021-06-24 Bell Potter Research Report 2021-06-04 First gold next year – Canaccord Genuity report
tullaresources.com
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Yes I think I understand basically Joe's legal contraints and why he has to intervene. I have been too enthusiastic myself in posting on some speculative stocks and some after all have cratered.
But aren't the authorities so solicitous in protecting investors against malign influence when it comes to us small retailers talking uninhibitedly to our peers? When ASIC and the ASX do nothing about company managements, pros and insts shaking us down with impunity. They come after the easy targets to appear to do something I guess.
But aren't the authorities so solicitous in protecting investors against malign influence when it comes to us small retailers talking uninhibitedly to our peers? When ASIC and the ASX do nothing about company managements, pros and insts shaking us down with impunity. They come after the easy targets to appear to do something I guess.
