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I think the word ‘potentially’ may have something to do with that.
And we’re in the middle of a potentially ‘transformational’ drill, with other fantastic copper licenses…We surely should be valued at higher than £3m?!?
Here is my A.I.'s comprehensive report on #TYM https://x.com/SwazersC/status/1792300568288923776
## Comprehensive Report on Tertiary Minerals PLC (TYM)
### Technical Analysis
#### Chart Overview
The daily chart for Tertiary Minerals PLC (TYM) presents several key features and technical indicators:
1. Current Downtrend: The stock is in a long-term downtrend, evident from the descending trendline starting in 2022.
2. Bullish Break: Recently, the stock has shown a bullish break above a key resistance level, aiming to test the upper market structure.
3. Moving Averages:
- 21 EMA: 0.1050
- 50 EMA: 0.0963
- 100 EMA: 0.0970
- 200 EMA: 0.1055
These EMAs indicate that the stock is currently trading above most of its short-term moving averages, suggesting short-term bullish momentum.
4. Support and Resistance:
- Support: 0.0836
- Immediate Resistance: 0.1605
- Potential Resistance: 0.1985
#### Candlestick Patterns
- Bullish Engulfing: A recent bullish engulfing pattern signifies a potential reversal from the downtrend.
- Doji: Indicates indecision, often found at turning points.
#### Indicators
- Volume: A notable increase in trading volume, particularly around the bullish break, supports the strength of the move.
### Fundamental Analysis
#### Recent News
1. Environmental Project Brief (EPB) Approval:
- The Mupala Copper Project in Zambia has received EPB approval, allowing Tertiary Minerals to commence exploration activities. This has been a significant catalyst for the stock, leading to a 14% increase in share price following the announcement【6†source】【7†source】【8†source】.
2. Strategic Positioning:
- The Mupala and Mukai projects are strategically located in Zambia's Kabompo Dome region, a hotspot for copper and nickel deposits. The proximity to major operations like First Quantum Minerals' Sentinel mining complex adds to the project's attractiveness【9†source】【10†source】.
3. Community and Environmental Engagement:
- Tertiary Minerals has secured a letter of consent from the Sailunga Chiefdom, reflecting successful community engagement. This is crucial for the project's long-term viability and community relations【7†source】.
### Trading Strategy
#### Sentiment: Moderately Bullish 📈
Trade Recommendation:
- Entry Point: Buy at current levels around 0.1200 GBX, considering the recent bullish breakout and supportive volume.
- Target Prices:
- Short-term: 0.1605 GBX (immediate resistance)
- Long-term: 0.1985 GBX (potential resistance)
- Stop Loss: Place a stop loss at 0.1000 GBX to manage downside risk effectively.
### Conclusion
Tertiary Minerals PLC shows promise with recent positive developments in its Zambian projects. The technical indicators support a moderately bullish outlook, with key levels to watch for potential profit-taking. The fundamental backdrop, including regulatory approvals and strategic positioning, bolsters the l
On good drilling news, I can see this driving past 2p easily.
1. The drilling at Konkola West by KoBold Metals. The first drill has now been in progress for just over a month. At a rate of around 20 meters / day (confirmed from photos of drill core) they could be between 650-700m deep. We don't know how deep the target area is in that area.
2. The new Joint Venture agreement with Zambian partner Mwashia Resources for three of the licenses, Mukai, Mushima North and Jacks Project. Once the ownership of the three licenses has been transferred into the 'newco' then they can activate the shareholder agreement and could potentially be in a position to proceed with any JV's with other companies on those licenses. At the moment the three licenses are 'pending transfer' in the Cadastre website (but bear in mind that this may not be up to date yet). Tertiary has previously stated in an RNS that they have had interest in several of these licenses "from major mining companies". In my view the whole reason for this re-jigging of the license ownership is because they expect to execute a JV on at least one of these three licenses once the 'newco' has ownership of them.
I was asked to chart #TYM I think it looks very interesting. There is resistance above but it's showing bullish intent & the possibility of breaking out to the up. Charts & my ideas here https://x.com/SwazersC/status/1792114272425664688 https://www.tradingview.com/x/U0KHjsxn/
Good rule of thumb is free trading after 3x placing volume has been milled through. Placing was 468m I believe and since then around 1.7bn share have traded hands so should be clear.
Sorry Butch been sat in the garden seeing as Stockports gone sunny.
I will sell in stages mate if I’m honest … as it starts to move I’ll probably also throw a T20 at it (as if it didn’t keep going I own enough to make good)
I’m not selling many maybe -10/15 percent maybe south of 0.20 but if it’s good news (and I think they will come up with something decent as there’s a hell of an indication from what’s been sampled previously) it has to go way north of that figure. Each 0.01 is worth a fair bit so I have to not get too greedy.
I concur re selll price firming up, n .full .offer of .12 was hit
Thanks, what is your target price if copper is hit next month?.
well there’s been a steady rise in the sell price this last couple of days …11.15 yesterday am onto 11.23 for a while …and this morning’s 11.35 has now been replaced by 11.45.
don’t worry all this will be irrelevant with our 3 million mkt cap when this next month information starts leaking from somewhere, and then coupled with fomo it will steadily climb (actually irrespective of the results, in the first instance).
i’m sure anyone buying from 0.15 all the way down to 0.65 and back again will be loading up at a level that will offer great returns. the difficult bit is seeing through the £1 by christmas ****** that will appear and work out at what level you start taking some money off the table. good luck everyone…. you won’t need it !!!
Not able to get a quote online, not much stock around.
In case you missed it…
I didn't include the 'conditions precident' in that last post but one of them was getting government agreement for the transfer of licenses. I suspect that's at least partly the reason why PC went out to Zambia... it's a long way to go just to see some drill core with no mineralisation in it!
I was re-reading the RNS where the JVA was announced on 26th February:
“Key Terms of the new JVA
The JVA between TMZ and Mwashia was executed on 23 February 2024 and establishes a joint venture between TMZ and Mwashia in respect of the Licences with the following key terms:
1) A Zambian company, "Newco", will be established with a share capital of ZMW15,000 to be owned 90% by TMZ and 10% by Mwashia.
2) In consideration of the issue of its 10% equity interest in Newco, Mwashia will transfer all three of the Licences into Newco.
3) TMZ will fund or arrange funding for 100% of all of the costs of the Joint Venture and Newco with those costs attributable to Mwashia's 10% equity interest being recovered from 80% of future cash flows.
4) On completion of the transfer of the Licences to Newco, TMZ will enter into a shareholder's agreement (the "Shareholders' Agreement") in the form set out in the JVA.
5) Tertiary will be the manager of the joint venture until such time as the Shareholders' Agreement is signed, after which time TMZ will be entitled to identify and appoint the Chief Executive of Newco.
6) The Board of Newco will comprise three directors, two appointed by TMZ and one appointed by Mwashia.
7) Any future dealing on the Licences with a third party will require a majority vote for shareholders, with one vote per share.”
I was just looking at the Cadastre and I noticed that the three Mwashia licenses which are part of the new JVA are now “Pending Transfer”. That to me implies that the company is currently at point 4 above, ie, waiting for the transfer of licenses into the ‘newco’ which is the last stage before formation of the JVA. Once that is completed then potentially they will be in a position to act on any joint ventures on those three licenses which may be waiting to be concluded.
Looking at trades, a small intra day bounce yesterday, flippers flipped off, the tide looks to be turning for another leg up.
I've said it before and I will say it again... The MM's will fiddle this share as much as they can don't be fooled by them. Do your research read the last 6 RNS's and wait for this to unfold
Loving the trades this morning. People top slicing from placing shares or RNS on the way? Similar trades have happened before one or two in the past on this share…
When we do hear the SP at the moment will be a distant memory. Now the placing shares have been soaked up and lots of us are holding firm, the price could rocket on news.
Https://www.bnnbloomberg.ca/copper-futures-surge-as-short-squeeze-grips-ny-market-1.2072925
Come on Tertiary, lets hear what’s happening with those other licenses that are ready for drilling!
Killjoy more like, if you have researched you will know what's at stake here.
Hopefully your corrrect especially reading all your posts ramping it.
Calm before the storm imo, how often do you see sp dip slightly right before news! We all know it’s imminent now, been on the ground for over a month now.
Yes I think we can safely assume the placing shares have been rinsed through now... all we need is a little positive news to get things moving again.
Low volume today.
It is, perhaps, indicative that placing stock flippers have now largely dried up.
With the bid at .12 surely they’d be legging it with 50% profit on the table.
A good sign if you’re wanting to see upside gains.