TZN - Terramin Australia

[Rafa]

thanks for your viewpoint hector...

in today's day and age, its hard to gauge real opinion... mostly its based on who makes the most noise.

wonder how many strath locals support the project, compared to out of town folk, who look at strath as nice village (day trippers as you say) who are actually against it.

 

[hector]

Hector, good for you and I agree with you that the mine will be a great opportunity for some locals who can capitalise on it. I reckon some local industry will boom, and house prices will rise through increased demand. Are the people objecting those who moved there recently for a lifestyle change?

Prospector/Rafa,

Strath does seem to have a "no-progress' lobby which have thwarted plans for a fully funded golf course at the entrance to town from Mt Barker end. We have had at least two talented town planners throw their hands in the air and leave because of a timid council persauded by a noisy minority. When business is not so demanding, I intend to run for council.

I see that opportunities to make decisions for Strath's future have been wasted and we will end up with a higgledy-piggledy mess of houses and business districts with poor access. It is certain that Strath will grow, despite those wishing it remain a village. Now is the time to make preparation for that growth. What do we want Strath to offer in the future, what aspects do we need to preserve etc? It's not rocket science!

I don't envisage the weir going ahead. Rann said there was only a 5% chance of it going ahead, and after the backlash claimed that all along. If Rann gets his independant committee on the Murray we won't hear of it again.

And the water usage upstream? Unbelievable that we should use flood irrigation from the Murray/Darling. It should be disallowed.

Clayton is lovely Prospector, fair drive from your place though - must be worth the trip!

Cheers

 

[Rafa]

Cool,
thanks for the responses, both Hector and Prospector...

Now, back to TZN...
The chart is showing like its turning up from the base line suport of $1.55 (ignoring the one day fall when the market crashed).

1.80 to 1.85 is the main area of resistance that needs to be overcome.
Looks like the announcement didn't do that, but this is nervous market at present.

 

[Sean K]

Cool,
thanks for the responses, both Hector and Prospector...

Now, back to TZN...
The chart is showing like its turning up from the base line suport of $1.55 (ignoring the one day fall when the market crashed).

1.80 to 1.85 is the main area of resistance that needs to be overcome.
Looks like the announcement didn't do that, but this is nervous market at present.

MACD looks good, and DMI+ looks set to break above with another good day or so...

 

[Out Too Soon]

Got a good mention in The Australian today (mining section)

 

[Fab]

Got a good mention in The Australian today (mining section)

What did they say?

 

[Out Too Soon]

What did they say?

Talking abt the results from Algeria & comparing the grade to other mines. Will post a link soon.

 

[mmmmining]

(posted on 20 Mar) Share placement at $1.5, I guess.

My prediction just a little of mark, a few days too early. Since they have a very good news, I revised my prediction price at $1.60 per share.

You might have a SPP opportunity too.

 

[Prospector]

So why the ASX suspension now?

 

[mmmmining]

So why the ASX suspension now?

Read page 2 of today's ann: "regarding the completion of a capital raising..."

 

[wolf]

I am surprised that Terramin have not made an annoucement that their drilling in Algeria has been disrupted by the army attacking and killing terrorists belonging to an Al Quida aligned group earlier this week.

Reports of the army activity and the killing of a number of terrorists appear in a number of new sites for Algeria. The army activity, including many soldiers and helicopter gunships was in the mountains very close to the Terramin mine site. A number of soldiers were also apparently injured.

 

[Punter]

Very interesting zinc stock. I took a gamble on this a while back, its been a rough ride if you look at the charts. Anyone got an opinion? It looks like its broken out. The zinc mkt recovery is helping isn't it. I also got some more in the SPP @ $1.65. Its now $2.14 and is accelerating. Overlooked/undervalued for its monster Algerian zinc mine?

 

[Fab]

TZN

This one seems to be running hard since there was an announcement about their Algerian project. I am wondering if it could be the next ZFX. Still a long way to go but the momentum is very positive.

 

[Fab]

TZN

Looking good for TZN. The JORC result realised today appears to be twice as much as expected with very good chance of more upside. Price is going up today but still moderately . I am assuming this will, continue for a while now

 

[Fab]

Re: TZN

Looking good for TZN. The JORC result realised today appears to be twice as much as expected with very good chance of more upside. Price is going up today but still moderately . I am assuming this will, continue for a while now

Any suggestions as to why TZN is in trading halt today ? I like this stock specially because of the huge potential of its algerian mine which I believe should give them so very good return

 

[56gsa]

per the announcement - substantial capital raising to institutions (doesn't mention SHs so not sure if there would be an SPP as well...)

 

[jl77]

No SPP I'm aware of. But keep an eye out in October. More infill drilling results planned. Could be a mirror image deposit.

Algeria is the company maker. All their other project pale into insignificance.

Why else would the INstos be buying on market and getting placements?
Setting themselves up!

Accumulate below $3 if we ever see it again. Suspect we will when instos have had their fill on market.

 

[jl77]

LUNDIN IS HUNTING TZN!

COMPANY PROGRESS:

Two additional rigs (for a total of four) were mobilised
to site and commenced drilling in mid-March. This will
accelerate completion of the programme of in-fill and
re-drilling.
A REVISION OF THE GEOLOGICAL MODEL IS ALREADY WELL ADVANCED,
however finalisation of an Indicated resource
has been postponed until the current in-fill programme
is complete, particularly the re-drilling of all older holes.
EARLIER RE DRILL RESULTS SHOWED SIGNIFICANT UP-LIFT IN GRADE
because of poor core recoveries in ORGM holes.

PROGRAM:

>Drilling Q2 2008
>Finalisation Indicated Resource Q3 2008?
>Pre Feasibility Q4 2008

NPV VALUATIONS:

>Fosters NPV valuation April 2008 $4.10
>Comsec NPV Valuation February 2008 $5.52
>Comsec NPV Valuation Dec 2006 $4.92

NEWS:

APRIL 25 - CANADIAN firm Lundin Mining has taken a 4 per cent stake in Adelaide zinc and lead miner Terramin Australia, and could hold another 3.6 per cent.

At the firm's annual meeting in Adelaide yesterday, executive chairman Kevin Moriarty said Terramin had only recently discovered the $3.3 billion diversified base metals miner was the owner of the 4 per cent stake.

Another 3.6 per cent had been bought through the same nominee, and Dr Moriarty said that Terramin had been trying to find out who owned it without success, despite the Australian Securities and Investments Commission being involved.

Lundin had contacted Terramin late last year about touring Terramin's Tala Hamza zinc/lead project in Algeria, but Terramin declined.

Dr Moriarty scorned the idea of a potential takeover however, noting that institutional shareholders and company officers owned 61 per cent of the company.

Dr Moriarty said the company could deliver 10 to 20 times growth in shareholder value during the next four to five years, and it was very unlikely a takeover would result in the same outcome for shareholders


Cheers Fellow Holders.

 

[Miner]

I understand this company going to have a feas study
How could there was a posting in July 07 and no posting until 8 May 08
Any one knows about TZN and its future ?

Regards

 

[Prospector]

TZN is doing rather well. We read a lot about it in SA. It is tracing upwards nicely and is attracting some overseas investments.

It is quite unusual as it is located within about 30 minutes from Adelaide CBD. We have been watching it grow over the last few months in particular.

I have been holding, for quite a while now! The story is still unfolding.