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Does Money Buy Happiness? Actually, Yes.
Another notion that has become accepted wisdom is that making more money increases happiness.
This is best RNS I have read since a long time. I would like to say, clever and brave small investors who are chasing TYM since a long time they very well know that there will be no placing in the near future.
Fill your boots at this low prices before you miss the train and dont regret it.
They also recently consolidated ownership of three other Zambian licenses under Tertiary Minerals (Zambia) Ltd : Jacks, Mushima North and Mukai, in order to make any negotiations for JV's easier... which makes me think there may be another deal / deals in the pipeline.
First Quantum are keen to find other deposits close to the Sentinel / Enterprise mines in order to extend the life of the mine, they have been doing airborne EM surveying of the whole license area. Tertiary have identified an anomaly which straddles the TYM / FQM license boundary at Mukai and I think there's a good possibility of FQM drilling that for TYM. They are already in a data sharing and technical agreement with FQM.
As recently as last November the broker took warrants exercisable at 0.12 that they can only convert in 12 months (up to Nov 1st 2024) or issue date.
I suspect like the company… they thought were they to get to this point of todays RNS that there would be something worth buying in for.
I’ve been here 5 years or more and it’s been along wait to finally get something concrete and positive… but today finally opens up significant upside return (and soon).
They raised November 23 and Feb 24 so hardly likely to be a raise.
Not trawled back through where this came from but ‘transformational’ news potentially…. And way way undervalued on any matrix or comparison if this drill comes up with anything ‘better than duff’.
Therefore the talk of placing is misguided and someone either who’s missed out and is talking it down / or someone waiting to get in
Everyone on LSE must know what his MO is by now. Maybe he's actually convinced himself that he can manipulate share prices all by himself!
If he's not in before it moves, he'll deramp.
The Stockopedia estimate can only be guesswork. They don't have access to the company bank accounts and I'd be very surprised if they've gone through £255K since February. It also doesn't take account of whatever the residual balance of the Co. bank accounts were at the time of the placing.
I think it's unlikely there'll be a raise for a few months yet, if at all. If the company in negotiating other deals manage to deliver some upfront cash then it may not be necessary. I wouldn't let it put anyone off buying in or topping up now.
Just buy in Earl, this is going to keep rising pre drill, during the drill and hopefully after results. Life changing gains if this one comes off.
Unusual to see Earl talking a stock down, he's usually ramping the hell out of everything in sight!
Thanks for that 1Investor. I had missed the placing in February too. So they are definitely okay for cash for this forthcoming drill campaign, which is fully paid by the JV partner anyway.
According to the Stockopedia website they have around £120k cash left
so probably spent on things since Placing in February
There must have been a technical issue on that day. I remember it not appearing.
Why This website didn't post placing rns from 12 February? 30 strange
hmm
OK thanks for clearing this up.
12 February 2024
Placing to raise £375,000
Tertiary Minerals plc (AIM: TYM), the London listed explorer focussed on copper and precious
metals in Zambia and Nevada, USA, wishes to announce that it has raised £375,000, before
expenses, through a placing of 468,750,000 new ordinary shares (the "Placing Shares") in the
Company at a price of 0.08 pence per share (the "Placing Price"), being a 15.8% discount to
the closing market bid price on Friday 9 February 2024 (the "Placing").
Go to the company's website:
https://www.tertiaryminerals.com/downloads/20240212-tym-rns-placing-to-raise-375000.pdf
Can't see this placing rns on LSE website (this LSE)
£375k raised in February at around the current share price.
Earl of Aim lying again….
https://www.londonstockexchange.com/news-article/TYM/placing-to-raise-ps375-000/16327305
November 2023 was the last placing for mere £150k
they probably spent that over the festive period
🤣
I never quite get all the ramping about Nevada - "the best mining jurisdiction on the planet", "the biggest mines", etc, etc. I know several companies - Tertiary, Great Western Mining, Sunrise Resources, Thor Mining - who have spent years and years trying to prove up resources in Nevada with very little success.
This is now a completely fresh start for Tertiary Mining and I tell you now that if this upcoming drill hits high-grade copper at 2%, 3%, (or a lot higher because '250 million tonnes with a mean grade of 3.8% copper' is just an average over the whole prospect), then the m/cap won't be at £2M for long, nor will it be at £20M for long. Huge potential here.
And as SeisNav has pointed out Tertiary have other prospects in Zambia, though this is the one that is in focus for now with a fully paid-up initial drill campaign.
ATB
When's placing coming?
they hardly raised enough last time £150k that's not much to last these days.
buying after the placing anyone?
Can’t believe this is only valued at £2m. If Kobold do what Kobold usually do, the share price here is going to go nuts. Given the location, the chances of success are VERY high.
This isn’t the only Zambian project with potential either.
This is a very exciting fresh start for Tertiary after all the years they have wasted in Nevada.
The geophysics shows that the mineralisation from the adjacent high-grade copper deposits extends into TYM's acreage. They have a well-funded JV partner, who owns the adjacent acreage, and drilling is due to start by the end of April. I would expect a fairly decent share price rise into spudding and then at least a 10-bagger if the drill hits the high-grade copper. After all the m/cap is only a miserly £2M at the moment.
For goodness sake stop squabbling. This is a fresh start with a very exciting prospect.
ATB
I won't be selling anytime soon
Please do not assume Mags999, I have purchased at a number of different prices. After today’s news I am more than happy with all of them. High or low.
To answer your earlier question, if you are unhappy you are free to sell whenever or as quickly as you like. More availability for the rest of us then.
I take it your in at the placing price