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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
Mags999 sorry you can only sell what you hold.
How can you call out rampers being back at the same time the company has positive news, I think your definition of rampers might be a bit off. Let serious holders celebrate the good news.
Let me know lads when its best to sell
And Tertiary has the very best JV partner here for this exploration prospect in KoBold Metals who have plenty of funds available as can be seen by the early drilling schedule.
"The Konkola West Project is targeting deep down-dip and along-strike extensions of the contiguous Lubambe-Mingomba-Konkola copper deposits to the west of the Licence and which extend north into the Musoshi mining complex in the Democratic Republic of the Congo. Together these deposits comprise a 15-kilometre-long continuous zone of mineralisation that contained a pre-mining endowment of over 775 million tonnes grading 2-3% copper. Konkola West is located approximately 2,000 metres southwest of the Mingomba deposit which lies between the Konkola and Lubambe mines and which currently has a reported mineral resource of 250 million tonnes with a mean grade of 3.8% copper."
This is a genuine high-grade copper prospect which is made even more attractive with the price of copper rising along with gold and at nearly $9,500/ton
Exactly. Many on here have been waiting for this news as it is likely to be transformational for a company with a small MCAP of £2 Million ...
* "This is a very exciting and potentially transformational time for Tertiary. Drilling will test for deep copper mineralisation in the main ore shale that hosts Vedanta's Konkola Deeps deposit and the nearby Mingomba deposit where KoBold has recently announced it will develop one of the highest grade copper mines in the world." - TYM RNS 9th April, 2024 9.04am.
Good luck, Brighty
The RNS seems to have slipped under the radar for most. Got authorisation complete, filing to start end of this month. What's not to like.
Massive news. Drilling to start this month.
9 April 2024
Tertiary Minerals plc ("Tertiary" or "the Company")
DRILL START - KONKOLA WEST COPPER PROJECT, ZAMBIA
Further to its announcement of 19 December 2023 regarding the signing of an earn-in agreement ("the EIA") between a subsidiary of KoBold Metals Company ("KoBold"), the Company's 96% owned subsidiary Tertiary Minerals (Zambia) Limited ("TMZ") and TMZ's local partner Mwashia Resources Ltd ("Mwashia"), the Company is pleased to announce that:
· The Minister for Mines for Zambia, the Hon. Paul Kabuswe, has given consent to the EIA which provides for KoBold to earn into Exploration Licence 27067-HQ-LEL known as the Konkola West Copper Project in Zambia.
· The Board of the Zambian Competition and Consumer Protection Commission has given its final unconditional authorisation for the EIA.
· As a result of these authorisations, all of the conditions precedent to the EIA have been met and the EIA is now operative.
· KoBold expects to commence drilling later this month.
Patrick Cheetham, Executive Chairman of Tertiary Minerals plc said:
"KoBold has been advancing its drill plans in parallel with the consent process and these approvals clear the way for drilling to start. The first drill site has been selected, the drill contract has been let, drill site preparation has been completed and equipment mobilisation is in progress, with drilling expected to start by the end of April."
"This is a very exciting and potentially transformational time for Tertiary. Drilling will test for deep copper mineralisation in the main ore shale that hosts Vedanta's Konkola Deeps deposit and the nearby Mingomba deposit where KoBold has recently announced it will develop one of the highest grade copper mines in the world."
KoBold expected to start drilling at Konkola West project by the end of this month.
Would suspect it’s just some buyers loading up their new ISA allowance.
Noticed some chunky buys today on no news. Wondered whether we might be nearing an updated decision on Storuman given it's back with the Mining Authorities after clarification from Government re tailings facilities? If that decision was reversed, this share would absolutely fly. Does anyone have any idea on timescales for that decision?
Here he is, I have been missing our banter Sharedealer old buddy 😀
Jedster….perhaps I am smiling at Rolls now being worth £4.26 per share, did tell you it was a good investment at £3.00 but yet again you thought you knew best. So forgive me for not worrying about my £20k invested here while I have £639,000 invested there.
Have a nice Easter sweetie kiss kiss xx
We will some action at the end of April early May.