TVN - Tivan Limited

[dubiousinfo]

Re: TNG - Tennant Creek Gold

TNG is now in trading halt - does anyone want to speculte on take-overs? Anyone expecting other news based on previous announcements??

Doogie
The letter from the company requesting the trading halt stated that it was for an announcement on assay results from the recent drilling.

They announced some pretty good grades in an announcement about 2 weeks ago from the first of the diamond drill holes. These new results are likely to be from the follow up hole to DDH001 and further DD and RC holes from the planned program.

Interesting to see that they seem to be getting their assay results back a lot quicker than some other companies recently.

As for a take over, I think CBH will look to accumulate more throughout the rest of this year before they make an offer. (if a takeover is their intention)

 

[moses]

Re: TNG - Tennant Creek Gold

TNG is now in trading halt - does anyone want to speculte on take-overs? Anyone expecting other news based on previous announcements??

Attached is a rather nasty Neilson SMA chart for this stock. Be prepared for bad news and a sharp fall in SP.

 

[timelord]

Re: TNG - Tennant Creek Gold

Attached is a rather nasty Neilson SMA chart for this stock. Be prepared for bad news and a sharp fall in SP.

Sadly this has been the case. At least it has bounced back somewhat to above 63cents. Has anyone read the report?

 

[timelord]

Re: TNG - Tennant Creek Gold

Sadly this has been the case. At least it has bounced back somewhat to above 63cents. Has anyone read the report?

Is anyone still following this stock? The last report made interesting reading and SWOT analysis is always good to read. Hopefully the next results will be really positive.

 

[TerryA]

Re: TNG - Tennant Creek Gold

Timelord,

Yes, I still hold and purchased more recently at around 60c. Still well in the green with this one but some tight stop losses set.

Best wishes,

Terry

 

[mfunksta]

TNG Limited

Anyone watching this company? The latest announcements have been great, yet no movement. Period.

Still scratching my head. And with the Cawse being given away for free too...

 

[Sean K]

Re: TNG Limited

Anyone watching this company? The latest announcements have been great, yet no movement. Period.

Still scratching my head. And with the Cawse being given away for free too...

What's it do mfunksta? Perhaps you could provide a summary of sorts, or a link or something to provide us some info? Cheers.

 

[mfunksta]

Re: TNG Limited

The following is compiled from numerous sources and is all imho.

TNG is an Australian mining and exploration company with a portfolio of quality projects in Western and Northern Australia. In recent times several of the assets have been rationalised to enable the company to focus on the Manbarrum Zinc-Lead-Silver Project.

TNG is listed on the Australian Stock Exchange (code: TNG) and also on several European Bourse including Frankfurt.

TNG's core focus is exploration of Manbarrum located 70km north-east of Kununurra. The Manbarrum tenements cover a 23km strike length of identified lead-zinc-silver mineralisation of the Mississipi Valley Type (MVT). The project has the potential to host large tonnage, high-grade open pittable lead-zinc-silver deposits within the Main Zone. It also has regional potential for multiple MVT deposits within a 13km long structural corridor trending to the northeast of the Main Zone.

TNG's board of directors and management team have extensive experience in the mining and exploration industries - in Australia and internationally. They are committed to increasing shareholder value by carrying out exploration and maximising the Company’s leverage to discoveries.
Northern Territory Exploration
TNG's Northern Territory portfolio includes a broad range of exploration projects ranging from advanced projects with existing resources, to greenfields exploration. It’s tenements include exposure to a wide range of commodities including gold, bauxite, lead-zinc, nickel and copper. Some of the other assets (besides Manbarrum and Cawse) are:

Rover - gold, zinc, copper
Peterman - gold, copper, uranium
Mt.Peak - nickel
Goddard - copper
and also Croker Island -bauxit- which was formerly described as a potential world-class-deposit.
The Company has a policy of endeavouring to achieve the highest standards in relationships to native title legislation, environmental requirements and exploration policies and procedures.
Cawse Extended Nickel Project
Norilsk and TNG jointly own the Cawse Extended Project, which is located adjacent to the Cawse Nickel-Cobalt Operation. TNG's interest in the Cawse Extended Project is 20% free-carried to production, convertible at TNG's election to a 2% net smelter return.

The Company has entered into a separate Agreement with OMG for mining at the Unicorn Pit, located within the Cawse Extended tenements. The Agreement is for a wet tonne royalty payment, which replaces the current agreement only for the Unicorn Pit. The Cawse asset and the Mt Peake nickel project will be spun off 1st Quarter ‘08 into Enigma Mining Ltd, and then list Enigma (IPO...Initial Public offering) on the ASX. Perhaps in that listing process, there may be other projects included, and monies will be raised to support Enigma as its own entity. Significantly though, TNG shareholders will receive shares in Enigma for free, much as they received shares recently in WDR (which as a matter of interest had a nice run up) for free. Cawse is a very valuable asset, which the market does not understand, but the IPO process I think will bring attention to it, and the surrounding publicity and re-release of the story surrounding Norilsk and Cawse should push the IPO into some very successful territory.!! The cobalt (low tonnage) at Cawse is worth about 10% of nickel- a report conducted by Hardman estimates that it should increase to $ 70 m.

TNG will not need to spend any money on Cawse. TNG has a 20% full free carry to production or 2% Net Smelter Return. Norilsk has indicated its intention to open two new pits on the Cawse Extended tenements before the end of 2008 (refer to the Hardman report). Recent media suggest Norislk is getting very serious about its recently acquired WA nickel interests.

At current nickel and cobalt prices, TNG's 20% interest in the JORC compliant 97mt resource is worth $4.1b (in ground value). It has been rumoured that TNG's interest in this project could be worth the entire current market cap of TNG. That is, Cawse is worth say $100m to TNG, or 2.5% of in ground value. (Hardman's assessment of the Cawse project, seems to be a valuation of $64m for TNG without any value for the cobalt)
Investments
TNG had a considerable investment portfolio including investments in Australian and AIM listed companies. In accordance with the desire to maximize shareholder value in July 2007 a majority of those securities were transferred to TNG shareholders.

Key forthcoming milestones will include:

• the receipt and announcement of pending diamond drilling results from Sandy
Creek;
• the receipt of RC and diamond drilling results from Djibitgun;
• the announcement of an updated resource estimate for Sandy Creek;
• the commencement of resource estimation work for Djibitgun; and
• the results of the gravity surveys and reinterpretation of the broader exploration
model for Manbarrum following receipt of all results of the 2007 field season.

Their website is: www.tennantcreekgold.com.au. Please refer to it for further information.

 

[doogie_goes_off]

Re: TNG - Tennant Creek Gold

Have just been reviweing the last couple of announcements on drilling results at Sandy Creek (Manbarrum Project). It seems that they have a very liberal view of how to report exploration results...OK we have seen many companies post Pb+Zn results together ie: 10m@5% combined Pb+Zn. This isn't such bad practice as the price of Pb/Zn is not vastly different and helps investors get a feel for the tenor of mineralisation, however how can they explain the differnce between their headline figures and the detail in their reports? For example there were 6 drill results in the last announcement and the final three had all been "rounded" to 4% combined lead and zinc, the headline assays were:
11.0m @ 4.0% Zn+Pb, 6.55ppm Ag (MRC111)
10.0m @ 4.0% Zn+Pb, 10.50ppm Ag (MRC113)
19.0m @ 4.0% Zn+Pb, 1.42ppm Ag (MRC122)

If you read the results further down the announcement these results are:

11.00m @ 3.94% Pb+Zn (MRC111)
10.00m @ 3.56% Pb+Zn (MRC113)
19.00m @ 3.72% Pb+Zn (MRC122)

WTF? How do you consistently round these figures up to 4% when the first three results in the headline assays were reported to the nearest 0.1%.

It may be a bit nit-pickky for a Thursday morning but that's just sloppy reporting or could be "pumping" their results. Dissapointing from a public company.

Anyhow the previous announcement used a similar rounding technique - 5.7% became 6% and 10.3% became 10%, atleast they were consistent in this case. That's myand whinge for the day.

 

[roosters]

Re: TNG - Tennant Creek Gold

She really have died in the ass. I bought in at 0.60 and on the way got offerred some wdr shares at $0.25 which at the time look like good value as they went up to $0.38 .... but both have crashed and burned.

Is this baby going to turn around? Is there any good new in the wings?

 

[Trojax]

Re: TNG - Tennant Creek Gold

Bit of news about, good one on the ann re the expanded resource, pity OPES has kicked it in the knackers, normally an announcement like that would do wonders, ah well.

I noticed CBH third largest holder is merging with Perilya, that's a positive turn of events since the two combined will form a large entity with a top 3 stake in TNG. Company directors endorsed it today. Be interesting long term how TNG's assets could compliment CBH\Perilya, obviously they see a benefit or wouldn't be in it.

New to this stock today, close to worst SP has been in 12 months, actually think it hit it Friday, lol.

 

[mos]

Re: TNG - Tennant Creek Gold

I noticed CBH third largest holder is merging with Perilya, that's a positive turn of events since the two combined will form a large entity with a top 3 stake in TNG. Company directors endorsed it today. Be interesting long term how TNG's assets could compliment CBH\Perilya, obviously they see a benefit or wouldn't be in it.

]

The CBH/Perilya merger plan involves CBH spinning off some of their assets, including the Sorby Hills exploration project that is near TNG's Manbarrum project, into a new company Kimberley Metals.

Any thoughts on whether CBH might lose interest in TNG's assets if they no longer have an exploration nearby, and how well funded Kimberley Metals will be for a joint venture project?

 

[Trojax]

Re: TNG - Tennant Creek Gold

The CBH/Perilya merger plan involves CBH spinning off some of their assets, including the Sorby Hills exploration project that is near TNG's Manbarrum project, into a new company Kimberley Metals.

Any thoughts on whether CBH might lose interest in TNG's assets if they no longer have an exploration nearby, and how well funded Kimberley Metals will be for a joint venture project?

Possible they may lose interest, but Perilya still will need those future supplies so likely keep a foot in the door via a holding in the new company.. no idea on Kimberley long term, really dissapointed in TNG, just sliding, I'm out again as of this afternoon, will keep on my watchlist as resources are good, needs legs and a bit of interest though

 

[ian2382000]

Re: TNG - Tennant Creek Gold

I am interested in buying some shares in this Company but it seems to be very quiet at the moment and very little new information is been released. Does anyone have any ideas as to the future prospects & timing for this Company because if it has identified so many resources already and with the current prices then I would have expected some actual mining to have started

 

[blehgg]

Re: TNG - Tennant Creek Gold

Trading halt for TNG....

Anyone know the reason behind it??

No information in the released statement.. =="

Little bit worrying...

 

[oldblue]

Re: TNG - Tennant Creek Gold

A quick read of the March 2008 quarterly report reveals that TNG were expecting legal proceedings in which they are involved to commence on 10 June.
Perhaps there has been some pre-trial development - looking on the bright side!

As far as prospecting and actual mining are concerned, my experience is that there is usually a much longer period between the two activities than we impatient investors suppose.

 

[blehgg]

Re: TNG - Tennant Creek Gold

A quick read of the March 2008 quarterly report reveals that TNG were expecting legal proceedings in which they are involved to commence on 10 June.
Perhaps there has been some pre-trial development - looking on the bright side!

As far as prospecting and actual mining are concerned, my experience is that there is usually a much longer period between the two activities than we impatient investors suppose.

Hey thanks for the reply ~

I get stressed too easily ~

Young and reckless, I am lol ~ its been a steep learning curve

~ gotta start somewhere

 

[blehgg]

Re: TNG - Tennant Creek Gold

wow today hurt...

Missed the annoucnement and got hammered....

gahhh ~ Was right to be paranoid....

stop lossed but -20% is still painnn

 

[wbhic]

Re: TNG - Tennant Creek Gold

TNG...
the whole thing smells like manipulation/insiders at work...
directors buying millions over the few months...
and transferring millions into their trust account (perhaps for tax savings on capital gains)
and recently..the trades have been very very wierd...
almost feels like someone's playing around with the price...
i've been keeping my eyes on these stocks since the opes prime...
and someone out there was buying all the shares that were absolutely dumped in millions...
u guys might wanna check it out...

 

[psychic]

Re: TNG - Tennant Creek Gold

Drilling Commences at Mount Peake

Announcement just out

http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00929169