TYX - Tyranna Resources

[bigricho]

Re: IFE - IronClad Mining

bigricho, to my knowledge their mine site will need very little development work done on it to get it at the stage where production/shipping can start.

The sell depth on IFE is very thin as it is a tightly held register and I believe that there are only 3 things holding the share price back at the moment. Once these three points are completed/finalised then I expect the SP to start moving. That will be the initial movement, and then if/once production starts and that first cheque comes in, the major re-rating will occur.

The three points to finalise are as follows:

- Capital Raising (currently in progress and almost finalised)
- Rail/Port Access contracts (sounds like almost completed - Ian has been in talks with these facility operators for quite some time)
- Mining Application Approval (expected in august/september)

I suspect once mining approval is reached, development will start at mine site through oct/nov and first shipment late dec/jan. If everything flows through that timeline with no major issues, then the share price has every opportunity and the potential to be well above today's current price.

Just need to look at first year production. Lets say they achieve a margin of $45 on 1mt of ore, thats $45mill revenue. Let's say you take off 40% for costs/royalties/tax which gives $27 mill, then take off 20% which goes to TRF - which leaves $21.6mill.

You have a current market cap of $45mill, so they are earning profit at half their market cap... and thats only in the 1million tonnes ramp up year. Thats expected to double to 2 million tonnes in year 2.

Lets say they traded at a P/E of VERY conservatively 8 once in production. In ramp up thats a market cap of approx $172.8 mill or almost 4 times current market cap, and thats in ramp up.

Definitely do your own research and it is by no means a sealed deal at the moment, but the potential is hard to ignore.

Thanks for taking the time to reply Kermit 345.

 

[Eager]

Re: IFE - IronClad Mining

I hold IFE.

They were recently granted final approval for operations to begin, and according to company announcements, have pre-sold the first two years of production. Their price has jumped a bit recently, reflecting this.

 

[System]

On August 4th, 2015, Ironclad Mining Limited (IFE) changed its name and ASX code to Tyranna Resources Limited (TYX).

 

[greggles]

TYX been heading north the last couple of days on no news, increasing from 1.6c yesterday to 2.8c today.

The ASX sent them a please explain today and their explanation for the price movement was:

The Company is the largest shareholder in Kairos Minerals Limited (“KAI”) which is currently in trading halt pending the release of an announcement to be made in connection with further exploration results from KAI’s recent activities in the Pilbara WA.

The Company is also a major shareholder in Orinoco Gold Limited (“OGX”) which today released an announcement that confirms significant Conglomerate-Hosted Gold Potential over a total strike extent of ~16km at its Eliseo Project.

 

[greggles]

Tyranna Resources announced today that it has signed an agreement to acquire a 100% interest in the high grade Goodsprings Cobalt and Base Metals Project in Nevada, USA, 700kms from Tesla's Gigafactory. The project area surrounds Longford Resources' (LFR) claims to the north and south.

The news sent TYX north, climbing 25% to 2.5c.

 

[frugal.rock]

September 8, 2020

A barcode for you...
View attachment 115748

Reposted from Popping Festering Cankers thread.
Copyright @Joe90

 

[frugal.rock]

TYX finally gave me the wink and nod of approval as a position opened up.
A speculative entry on 0.008, and a half position.

I think some news is expected out of the Dragon & Knight project, being mainly concerned with Nickel & Copper.

From 24th November, 2020 announcement;

Tyranna’s Director Joe Graziano commented:
“The Board is delighted that exploration has commenced at the Dragon & Knight Project investigating the nickel-copper potential at two priority targets;
the Lightning Gossan Prospect and Bullseye Anomaly.

Assay results are expected in December and the Company will provide updates when results are available.”

I haven't seen any results yet, but labs have been busy. Previous results in the area do show Nickel & Copper potential.
Fingers crossed.
3 year chart.

 

[frugal.rock]

Bit of a rush and it gets a speeding ticket... bizarre.
I don't know how the asx decides to pick them, but it sure seems random.

 

[greggles]

TYX back to 1c after announcing on Monday that it has secured an 80% interest in a lithium exploration project in Angola.

Huge dilution of 700,000,000 FPO shares as consideration along with 350,000,000 options exercisable at 1c per share on or before
30 June 2025 and 700,000,000 performance shares, convertible into TYX shares on satisfaction of performance milestones as outlined in the announcement.

Projects in Africa tend to make me very cautious, but the market seems to have embraced this one, at least for now. I wish TYX shareholders all the best, but I won't be jumping into this one.

 

[frugal.rock]

Pop goes the weasel...

 

[debtfree]

My pick for the June Tipping Comp.

Price jumped up yesterday with increased volume as seen in @frugal.rock's post above. Today, price jump up roughly 40% with even more volume but settled back near where it was at the start of the day.
Certainly some interest and good news announcement.

ASX Announcement today: Confirmation of High-Grade assay from Namibe Lithium Project.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02526151-6A1093441?access_token=83ff96335c2d45a094df02a206a39ff4

 

[debtfree]

Picking TYX for the July Comp. It had a hard month along with the overall market but came to life on the last day of the month to give me hope for July. Good price rise today with good volume, fingers crossed.

 

[debtfree]

A good finish to the month of July up 52.94% finishing at 0.026. Couldn't finish higher than the bar back on the 31st May so I didn't pick it for the August Comp.

 

[frugal.rock]

A good finish to the month of July up 52.94% finishing at 0.026. Couldn't finish higher than the bar back on the 31st May so I didn't pick it for the August Comp.

View attachment 144798

If I'm not mistaken, today it has entered what is apparently called "blue sky territory" ??
Perhaps one that @tech/a might be interested in...?

 

[Dona Ferentes]

A good finish to the month of July up 52.94% finishing at 0.026. Couldn't finish higher than the bar back on the 31st May so I didn't pick it for the August Comp.

But if you had !?!?!

 

[tech/a]

I like

 

[frugal.rock]

Trading paused...
Edit

Tyranna Resources Limited (Tyranna or the Company) requests that a trading halt of its securities be granted by ASX with immediate effect today, on Thursday, 4 August 2022.
For the purposes of Listing Rule 17.1, Tyranna provides the following information:
a) The trading halt is requested in connection with its General Meeting to approval the Angolan Minerals project acquisition.
b) Tyranna requests the trading halt remains in place until the commencement of trading on Friday, 5 August 2022 unless before that time Tyranna makes an announcement in respect to the results of the meeting

 

[frugal.rock]

Couldn't finish higher than the bar back on the 31st May so I didn't pick it for the August Comp.

?
Boo yah! or perhaps it's yah, boo? DF?

 

[greggles]

TYX up around 20% today after Wise Owl named it their Pick of the Year. I haven't been following, but it was around half a cent four or five months ago. So that means it has now seen an almost 800% share price increase since then.

I know lithium is hot at the moment, but unless I'm mistaken so far there has only been rock chip sampling completed on their lithium project in Angola. Seems very early stage but with real potential. With a market cap of $80 million it might be a little too pumped up for an early stage project with no drill holes yet.

 

[frugal.rock]

That's not a gap, it's a chasm.
Highly likely to be filled, soon.