Member Info for Pingu777

Tdt
Accusing me of being disingenuous or naive I’m not discounting your negative views, I’m simply offering up potential explanations. How have I written off what you have said?

Glass half full and glass empty approach. Until tym make any money you will slate them. That is the bottom line. I’ve not been stung and am less inclined to bring doom and gloom as I’ve more recently invested.

You are seriously draining with you pedantry and insistence on some sort of character assassination. I see the risks you fool, I also see the potential. Unbelievably, that can be posssible.

I think MB is an expensive project needing lots of work and raising the kind of cash it needs all at once at these terrible prices was seriously a terrible idea. However, they’ve managed to get £600k from an ii with a view to securing the same again next year if needed with the presentation of some sort of compelling plan/strategy/asset-potential description to the ii. iis as we know are no fools and will have, I’d expect, done detailed dd on the set up at tym and asked the appropriate questions of the projection positions, potential and timescales.

It’s healthy to be cynical, I get it and there are plenty of questions regarding who’s gone on particularly Over the last 18months.

But these risks all form part of the package and need to be balanced against the low mcap, asset potentials that we know of and overall this price for me is bargain territory. I wouldn’t put my life savings on it but as things are progressing for me it’s worth a solid punt - which I have made.

There are many potential pitfalls on the way to success and specifically on this project. So hopefully we tick them off and deliver the imminent tasks in hand... namely a drill for gold! If they keep us informed and manage the cash position we’ll enough we have funding to take us to a profit.

Hopefully we get a good update by the end of the month and we’ll have less and less to moan about.

As I’m sure you’re referring the RNS refers to the partnering company providing pre funding for fluorspar project work. I see the specific sentence referring to the Co. providing pre-funding and ongoing funding for “any of the near-term revenue generating fluorspar acquisition targets”.

If you refer to the 21 Feb 2019 RNS Clemmey comments:
“ Whilst we continue with our strategy of reviewing project acquisition opportunities potentially capable of generating revenue and profits in a shorter timescale, we have also expanded our scope to include earlier stage projects which can be developed organically”.

Suggesting that the different projects need different levels of work to reach production. Paymaster being one of the longer term.

basically I wonder whether the MB project is or was ever classified as a shorter term to generating profit timescale project or not. Clearly it wasn’t by the time 2019 was reached as they couldn’t raise any funding for it but maybe they thought it was when they took it on?
The 2019 report states that more drill work might be needed after the metallurgic work so it clearly isn’t short term.

Exactly, iron pyrite would prob push us up over a penny :-)

Conversely any success blows it open.

They claim to be developing some projects from infancy through to extraction but I can’t see that from a tiny micro cap. They just want enough interest to set up JVs and at least start some cashlflow to keep moving things forward however far they can’t ace them alone - which is agreed limited in my view.

This gold project due its location is primed for one of the big boys to buy out/JV. Providing the post the relevant numbers.

Fluorspar seems a long termer to me and why they let the MD ‘fluorspar specialist my move on because they’d nothing for him to drive forward in the short term.

At the moment they’re a gold discovery/miner - for the next few months at least.

Fluorspar project simply not as far on as you seem to think it is. Plenty, plenty to do before people take the project seriously.

“ Following successful completion of the metallurgical testwork, the Company will progress to modelling various production scenarios and optimisation of the transport method/cost from mine to the USA market and ports. Successful completion
of these work programmes should enable the Company
to work towards completion of a Scoping Study. Further work required for the completion of the Scoping Study may include an additional phase of drilling to target higher grade mineralisation, in line with the recommendations received from the appraisal of the MB deposit from world renowned economic geologist, Dr Richard Sillitoe.”

Cash flow is the argument. Raise cash via a bigger placing if needed once value of companies moved up after maybe securing a JV for the gold? Then plough it into the fluorspar.

Are you saying this couldn’t possibly be an explanation?

We’ve got some series naysaying going on here if you won’t accept that their could be sensible rationale behind their decision making.

Sheesh, tough crowd.

Potentially very simple and rational. Timescale and costs. That’s quite simple. Costs only up to JV for gold versus costs to full production for fluorspar? Slightly different I’d suggest.

Doesn’t mean that they’re not going to push the fluorspar project but maybe it’s delayed awaiting this last round of funding and further funding down the line to come from a gold JV taking it further down the line.

You can be a patronising idiot sometimes. Maybe you should be a company director for tym - it’s all very simple to you ... but to do the opposite of what tym are doing. Obviously.

*not got the dough

The MB project is a fluorspar project of which there are very few in USA. The Gold project is surrounded by commercially viable mines owned by the big boys. As a result I’d guess there’d be a very little chance of a JV with anyone fluorspar whereas for gold it sounds like a no brainer. Also the fluorspar project sounds to be a number of steps away from getting near production with metallurgic work, modelling production scenarios and then onto a scoping study. Basically, sounds expensive and they’ve suggested they’ve got the dough.

The gold project at pyramid offers a much quicker route to income. Quite simple on reflection.

And it’s because of funding I thought. The £600k new placing gives funds towards the fluorspar project. The gold initial drill needed less (I assume) and was raised earlier in the year.

Is the gold play such an excessive gamble though based on location? Seems to have the same signs as the surrounding successful producing mines by the big boys. I just think it’s a combo of both extraction costs and a ‘chance of success’ issue that pushes it down the pecking order of the licenses that predecessor held.

Maybe gold prices have been a driver. Getting Rid of the fluorspar focussed MD probably knocked that down TYMs priority list.

Begs the question though.

I’d email the company about that one.

I sent them an email this morning asking for confirmation about a few things and they replied already. Good admin!

TDT
I also have the same concerns as to why these projects haven’t been taken forward with such good prospects established.

I refer to mineralex’s post about the mining costs using the Diamond drill approach. Maybe it was established this was the most beneficial mining approach but the costs for it couldn’t be justified at the time. Bigger companies have other prospects that may have permitted a cheaper drilling approach therefore those take priority.

I merely speculate as to angle of rationale.

Kaisharpe
People don’t have the confidence in a gold Discovery/miner until everything’s nailed down and co formed in black and white. Gone are the days of buying on speculation unless it’s to a timescale of days rather than weeks. Timescales too long for traders even so pounce so I see us maybe struggling for a slow consistent re-rate over the coming weeks, even though that’s what I’d love to see.

I am usually wrong though about short term directions hahaha medium to long is my game though and very excited with the milestones we’ll hopefully be ticking off over the coming months.

In terms of ‘rocketing’ I simply mean a multi-million pound find simply cannot leave the SP down this low.

“Lots of positives here and a very sweet entry SP”

It’s nice to see two minds so perfectly in sync here...

Kaisharpe

Makes sense mate that they pay 95% of the price at the time of issuance of the shares. Why would they pay more then? Not in their interests. I think I over complicated it.

Same sentiment in terms how it goes. Hopefully they accept their shares soonish rather than hang on too long.

I know all these figures are vital to the progress of the company but I can’t get away from the fundamentals of the market cap being only £2m now.

Good results and they find millions of ounces? It has to rocket somewhat. They have to stick to the timelines now and this project has a great chance of success from here.

Decent results and would expect a JV deal to take things to gold extraction.

5 days immediately to the raising of the shares... does that mean the 5 days up to the final announcement imminently it the 5 days prior to the 1 April? I read it as 5 days on its way to the coming share placing RNS announcement.

I thought the last placing was funding this drill and the new placing was funding the remainder of years activities. Anyhow, this placing seems a formality to me in the coming days.

There is the .42 figure for the placing price and this second price found by “dividing the total subscription by 95% of the prevailing price”. Is this an actual 5% premium to the 5 day average? As for the price to be at 95% wouldn’t it be worded “applying 95% to the prevailing price of the total subscription to the 5 day average”?

What is happening with this crappy site?

Jackie!!! Another mong!

Behold ... there’s a placing lols

All over it this fella