Member Info for SK79

If you did a quick analysis, you would find that share price has been on a downward trend since the allotment of 62M shares on 31st March. Even though the decision for allotment came a year earlier, I think the recent fall in sp has resulted from further dilution once they got allotted and not much of a concern...unless another news which we don't know about which will all be too co-incidental. http://otp.investis.com/clients/uk/helphire/rns/regulatory-story.aspx?cid=339&newsid=401569 GLA

Apologies - I have ignored the leakage and impairment costs to avoid any skewing of the nos. If we add them then the environmental costs become significantly high and won't give a good comparison.

Scaremongering or information sharing...whatever you want to call it Yamaha, just trying to see what people's opinion was. The sp hasn't dropped this week as I think market's reaction has already been seen (I hope it has!) since the jump to over 5.5p or it's probably just mms...I couldn't tell. The actual environmental costs have been overshadowed by the spills costs, etc oves the past couple of years. So, never got a good picture of how much it was costing to run the business in a sustainable way. But if you work that out, on an annual basis Talv will have to earmark 16 - 34M Euros as part of their environmental costs. Total money spent on Water Balance Maangement and Environmental Restoration costs in 2011 and 2012 was 2M and 10 M approx (couldn't find 2013 costs). I haven't ignored the leakage costs and impairment charges cos I think it'll only be fair to assume that history won't repeat itself and the company has learnt important lessons. So the assessed costs are a lot higher than previous years...now that might be a cause of concern for Joe Bloggs who wants to invest in a company on crutches and knee deep in debts (where is the extra money going to come from, I don't know). Keeping this post neutral as I always try to do...the post is on a study carried out to assist the company in restructuring. So, will hopefully lead the company to investigate areas where they can save mony and work more efficiently. Even though the findings are scary but the effect of the study will be nothing but positive and hopefully all the faint hearted have got a scare and left by now. It'll be interesting to read the annuals once they are out.

http://yle.fi/uutiset/talvivaara_faces_up_to_200_million_in_environmental_costs/7179147

I do agree with what has been said on the board. However, the Nyrstar news by no means is just an ordinary news because: - It has guaranteed that company will have continued business with lesser uncertainty (I don't think Talv were struggling to sell their zinc but it is good to get money in advance and that higher rate will be paid if the Zn prices rise) - It has given company some more time to secure permanent funding (they pretty much just want a loan really!!). No one will give them money and not expecting anything back. So, loan by another name from Nyrstar or permanent funding, they will all be same thing. I have to admit, share price of AIMS companies are fuelled by news. If no news, it is more that likely the share price will start falling again for Talv as the annuals are going to show losses no doubt (hopefully lesser than previous year). Market should take it as a slightly positive news (if that is the case which is again doubtful cos they went to administrators end last year). It would be really desirable for sp to hold at 5p range till the news out and depending which way the wind blows end-April, we could see the sp go to new highs of 6p. The sp will then head back to lower price levels. Again this is not an exact sp prediction as there are a lot of ifs and buts. I also agree that the share has got great potential in intermediate and long term, i.e., 9 months to a year. this time next year things will be a lot brighter...permanent funding, streamlined business, lesser loans, environment issues resolved and better productivity. Only advice to investors here, atleast wait till a more permanent funding is secured.

I don't know about 8p by end april tbh. I am not anticipating any exceptional news in the annuals and the management re-structuring statement. It'll prove to people that Talv is doing what it was asked to do by the courts. I personally think that the news on the re-financing by Nyrstar was a much bigger news. I would say 8p in six months might be much more feasible (provided a permanent financing is secured within then) and probably sp in the region of 6p would be a more realistic target by end of this month as the sp has more or less become stagnant once again. My worst fear is it goes back to the lows of sub 4p cos I am averaging much higher atm. next couple of weeks could give a decent idea.

The brokers are not giving the change in sp with the RNS yet...will have to wait and see how much jump the sp takes during the rest of the day / week. Will have to read the RNS in detail after work, but the key thing about the RNS is that funding has secured; just what we've been waiting for. Exciting times :)!

Very true, there seems to be a trend, The ups and downs are becoming cyclic on a weekly basis here. I won't be surprised if it goes down by 9% today. I think the 4p barrier will only be broken with some news which should be out by the end of this month. I'm still waiting for the right price for topping up by the end of the week / tax year in my ISA, so would ideally want the sp to be back in the lows of 3.3-3.4p.

Investment in AIMS is always a gamble. I take your point that TALV is a higher risk stock, it's up to you to take the risk or play with safer investments. I am keen to see my money grow with TALV based on...again the news in the past and my gut instinct as posted earlier. Once the company releases the annuals, the sp will defo increase (unless the company declares it is going under which is highly unlikely based on previous posts)!

yeah...I'm a bit too optimistic for my own good sometimes...but anyways the latest RNS below: The district court of Espoo has today decided to extend the deadlines for reports on the financial status of Talvivaara Mining Company Plc (the "Company") and Talvivaara Sotkamo Ltd until 11 April 2014 as applied by the administrator of the corporate reorganization. According to the previous ruling of the court on 17 January 2014 the reports were to be submitted by 28 March 2014. As previously announced, the Companytogether with the administrator is in active discussions regarding additional financing solution and the progress and results of these discussions are seen as having a material impact on the contents of the reports. Definitely a sign that discussions have started and we shall get a hint on what the solution is and also how much funds Talv will carry forward into next year with the loan terms and conditions. Now the level of funding needs to be seen. It will be too big a loss to all the stakeholders not to keep the company afloat when it has a lot of potential...fair enough some policies will need to be changed....but time will tell what other measures are taken to make the company into a profit making machine! I am POSITIVE (yet again haha) that the company will be turned around as there are a lot of eyes watching it and approval for anything will only be scrutinised even more now onwards for the company. I'm buying once again in next 10-15 days after watching the price a bit more closely.

for hopefully more news!

Top spot that mate! Yup APB has been appointed non-exec chair for Quartix on 20.03.14, the vehicle tracking supplier company who have their eyes on international market and have reported record sales for 2013.. Without knowing the reasons behind her accepting the offer, it is early days to predict what could happen with either of the companies...certainly a good news for quartix!

The management must have lot on their plates to try and save the company. With the recent cuts and without knowing who all have lost their jobs (could possibly have trimmed the accounts department!), it is difficult to see the structure of the organisation. There is not much on the website either. So, I wouldn't worry too much about the delay which is becoming a bit of a recurring theme with the company. However, what I am more interested in is the effect this will have on the sp prior to the results. Ignoring today's increase which could be followed for the rest of the week, I predict the fall in sp to the 3.1-3.2 levels by April 30th when the results have to be out by. Best price you can get for topping up before the increase back to 5-6 p post results (assuming there is less relative losses shown this year and some positive statements by Pekka). Any further news on funding will be a bonus and could see the sp shooting back to 11 p which it was prior to the liquidation news...depending on the type of financial arrangements. Still lot of positives from these shares to come!!

Never heard a thing...the only thing I can speculate is the proposal to the AGM of renumeration, numbers and appointment of the Board of Directors must be prepared by now. The news was due on the 15th...This might not be made public and only be presented at the AGM in May. Folks who have had inside info have built the buying pressure!

Yup next week for the results, if they are on time and then the week after for financial statement 2013 which I would be more interested in. Poss first signs of recovery in next couple of weeks? Fingers crossed. There's nothing between end Mar and May, so not sure if the sp will keep its value in the absence of any news unless refinancing is secured in between or news on restructuring out. Can't decide if right time for topping up would be before next week or sometime in April after a wee spike at the end of this month...anyone got a crystal ball by any chance ha?

As mentioned and for the reasons given earlier, I have got a good gut feeling about the shares. Again in the absence of any news I can't be certain...and administrators who are working with the company to find short and long term funding can only do so much. However, Pekka did say that they were in negotiations in the last financial statement, but nothing concrete! I am in it with over 7p average and will be buying more when the sp is the right price which it is nicely approaching :) Feel it for anyone who are wanting to clear funds in short time...

Would like to hear what other members on the board think...the sp is down mainly because of the emotions of the market about the company. It is still a loss making company that it was few months ago when it was given a new lease. However, these losses could be less due to the re-reorganisation and shutting down of the less profitable areas within its operations.

"The Nomination Panel of Talvivaara's Shareholders ("Panel") shall prepare and present the proposals to the General Meeting on the remuneration, number and appointment of the members of the Board of Directors. According to the charter of the Panel, the Panel shall submit its proposals to the Board of Directors at the latest on 15 March preceding the Annual General Meeting ("AGM") taking however into account the meeting and announcement schedules notified by the company. The Panel continues to prepare its proposals and that the Panel shall submit its proposals by the time the AGM notice is published." The departure of personnel can be seen as part of the restructuring process and the final announcement might send the sp northwards. Without knowing too much about the board and the members (info is available for anyone who want to spend anymore time), I would say the departure of COO recently could be due to his lack of trust in the direction company is going but at the same time there are other members who are still positive about its future. I would go with the majority! The permit issue is not going to be anything more than a little hiccup. Haven't heard of many organisations being shut down due to failure to apply for timely permits. Either the existing permit will be extended or the company will turnaround the application quicker with some additional resources. It is not in the benefit of the govt. or the environment agency to shut the operations down due to a minor delay in application when they've been made aware so far in advance. The company is not in breach of any legislative reqs atm and timely action before May-June would avoid any issues. Only shareholders confidence has been knocked back a wee bit. Recent bad news have definitely been bad for investor confidence but tbh it doesn't affect the company's business in the short, medium or even long term. Other than the fact the commodities prices are at an all time low. Copper price has recently hit a 4 year low and also the growth in China (one of the biggest market for copper) has slowed down. I won't be surprise if the turnover for the company is in red once again this year. If the company fails to secure funding, it will be unlikely that the company will cease operations. I anticipate another little help from the govt. as it would look bad on them to have given another lease to a company which had no future. Or else they will be asked questions from the insurers, why a non-profit making company was given a second chance thus increasing the payments that they'll have to make for an additional 6-9 months of losses. The II investor support level for the share is 3.2 and I think anyone who are keen on topping up like myself should do so at the price near 3.5 to make a windfall in the medium term.

I completely understand why everyone is deflated. I went through the talv news archive on their website to look for any positive news. The only thing I could find was the date for the next interims on 28th may. There is no mention of the completion date for the ongoing re-organisation. Until a news comes out, shareholders are in the dark. What can be done...well wait and watch really and if your adrenaline levels are really high today, put some money in it cos the share might take you for a ride!

Corbine, Summarising your translation, am I correct in saying: - Talv shall not be able to comply with the permit requirements to increase production as promised, i.e., they would have discharged quantities of effluents included in the permit by April? The govt. is saying that the permit is valid till May? - They have not had chance to prepare / amend the environmental discharge permits to take them beyond April which they will once they have carried out some further engineering to have effluent discharge pipes in larger water body? - Also, Talv is keen on increasing the stored water for mining operations which is higher than previously permitted which could lead to ground water contamination issues (I am not sure how...but) I would appreciate if you could shed some light on the above. I tried to translate the information from the link through google translator, but it came up with similar translation. To be perfectly honest if the article translates to my summary above, I don't think there is much to worry about and it could be a good time to top up. However, if there are any underlying issues in the link then it could be another BP with non-compliance with environment permits...definitely not to the same scale but who knows.