TZN - Terramin Australia

[michael_selway]

Good day for TZN.

TZN has surpassed the target of $2.45, now on to $4.20.

Is this movement in the SP consistant with other zincers or does it have something to do with the results due out in Jan?

It has a low FWD PE thast why it wants to go up I think!

Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2009
EPS -1.8 -1.8 5.0 45.4
DPS 0.0 0.0 0.0 0.0

thx

MS

 

[sweetbarrister]

Had a bad day yesterday losing over 13%. However was as a result of some online broker. Recovered today with announcement re world class find in Algeria. When the press gets hold of it the price will fly. Fasten your seatbelts..!!

 

[UMike]

Has really dipped Now. .... Been on my watch list for a while now....

Looks like a lemmon.... Or is it under valued?

 

[Fab]

Had a bad day yesterday losing over 13%. However was as a result of some online broker. Recovered today with announcement re world class find in Algeria. When the press gets hold of it the price will fly. Fasten your seatbelts..!!

I agree with this statement . I have held TZN for over a year now and I am starting to make money on it I believe it is more an opportunity to accumulate and they have some really good project due to start Algeria and SA so not really a time to sell

 

[Fab]

What's happening with TZN ? It just went into trading halt .
I am hoping for something good

 

[mmmmining]

What's happening with TZN ? It just went into trading halt .
I am hoping for something good

Share placement at $1.5, I guess.

 

[Fab]

Share placement at $1.5, I guess.

Why? That is not really the type of news I would expect.

 

[mmmmining]

Why? That is not really the type of news I would expect.

You could be next Chairman of Board of Directors for TZN

Very simple, a couple of good news followed by trading halt. 9 out 10 times is share placement, or right issue, or so. Maybe is for cost overrun, which is very common nowadays for all new miners.

 

[Halba]

It clearly does not say share placement!

 

[Prospector]

It doesnt say anything, so it could be a share placement (hope not) but I gather there are some tours on site tomorrow so hoping for a good news story. Could do with some! Funny, I almost sold out today, hope I dont live to regret it.

The locals hate the idea but the state Govt might need the income as their budget isnt looking all that great at the moment. Strathalbyn is your typical sleepy country town, nice and green, a river running through it, antiques, traditional lolly shop and several country bakeries. Such is progress!

 

[Halba]

This approval nearly 1.5 year wait. This is a joke. Supposedly aussie regulations are pro mining but this is iran or indonesia like.

 

[Prospector]

This approval nearly 1.5 year wait. This is a joke. Supposedly aussie regulations are pro mining but this is iran or indonesia like.

Not with a Labor Government. To be fair there are many environmental issues involved. This is not a mining town, far from it. It is almost suburban, but with the usual pleasantness of the countryside. And the locals are right to be concerned about environmental impact.

 

[Rafa]

Not with a Labor Government. To be fair there are many environmental issues involved. This is not a mining town, far from it. It is almost suburban, but with the usual pleasantness of the countryside. And the locals are right to be concerned about environmental impact.

Yup, as a south australian, I don't think we should have mine in Strathalbyn!
What a joke! There is plenty of zinc and minerals in the rest of the state

Once I formed this opinion, I sold out of TZN a while back... Its their JV with ZFX in the north of the state, which to me, holds more value.

 

[Halba]

Why not? its an underground mining fellas. You guys should look at how carefully TZN has managed everything. ITs also not a big mine, its a small one.

There is plenty of zinc and minerals in the rest of the state

Yep but how long does it take to define and mine? Being simply "in the ground" accomplishes nothing. Angas is one of few JORC'ed and defined deposits in the entire state.

 

[Prospector]

Zinc mine approval granted today for Angas mine. The locals will be very angry.

 

[Rafa]

Yeah, had a funny feeling the approval would go ahead, its a liberal held seat anyway...


Be interesting to see how strath is impacted in the long term, but its probably good for the region economically.

 

[Prospector]

Yep, cant see the locals ever voting for Labor now. Just hope they don't go ahead and build that damn weir......We have a place at Clayton, about 20 minutes from Strath - we drive 'past' the mine site every time we go there. With the weir, we wont actually have any drinking water.....we dont have mains water! Sorry :topic

 

[Rafa]

Yeah, they will have to sort out the water requirements for properties around the lake before the wier can go in.

Sorry, last qts on the wier...
Would you support the wier if the plumbing around the region was sorted?

 

[hector]

Zinc mine approval granted today for Angas mine. The locals will be very angry.

I'm a local and I think it's great. Employment opportunities instead of our young'uns leaving for Adelaide. Can only help the local footy team! Local business should pick up, investment in town should increase, more families etc etc... What's not too like about it?

Strath is currently dependent on agriculture and day-trippers. I wrote to the Minister (Holloway) to voice my pro-mine opinion as a resident against a noisy opposition.

Any shareholder who has directly benefited from my actions can send me a cheque

Cheers,
hector
(not holding)

 

[Prospector]

Sorry, last qts on the wier...
Would you support the wier if the plumbing around the region was sorted?

No, we continue to manipulate the River Murray instead of managing the real issue - water rights to plant crops that dont belong in arid Australia, and developing the infrastructure (ie spending money) on reservoirs etc. Our street has had TWO water main bursts since Christmas (both resulting in media coverage) because the Govt wont spend money on prevention.
Rafa - Have you been across the Hay Plains. It is arid arid land and in the middle are large, unsheltered channels of water to feed crops of corn and rice. It is absolutely disgusting and a real eye opener on how we abuse water. I refuse to buy Australian grown cotton or rice (unless it is grown in the NT) because we absolutely are abusing the river to do so! And the weir is just another way we do this. I also think it is just plain stoopid! And their costing blowout - from 20 million to 120 million Do you trust these K$#% to get it right? I dont!

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?