TPR - Timpetra Resources - Aussie Stock Forums

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  1. #1

    Post TPR - Timpetra Resources

    Timpetra Resources Limited (TPR) has acquired from Gold Fields Australasia Pty Ltd two resource exploration licenses, within Central Victoria's Ballarat-Bendigo gold corridor. Located outside the town of Lockington, these exploration licenses have been labelled "The Lockington Project". Gold Fields will retain an ownership of 21.8% in Timpetra post-IPO and anti-dilution rights to acquire and maintain up to a 40% shareholding in the Company. In addition, Gold Fields and Timpetra have entered into a Royalty agreement and an Ongoing Relationship Deed which includes the provision of technical services to Timpetra.


  2. #2
    Make the drill work for YOU springhill's Avatar
    Join Date
    Jun 2007
    Mental Institution

    Default Re: TPR - Timpetra Resources

    MC - $5m
    SP - 7.6c
    Shares - 69m
    Options - 5m
    Cash - $6.9m

    TPR currently reviewing projects for acquisition.
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    "You have enemies? Good. That means that you've stood up for something, sometime in your life" - Winston Churchill

  3. #3

    Default Re: TPR - Timpetra Resources

    A long time between drinks.....

    From the quarterly report given to the market on the 31st January 2014, the company announced it holds approximately $1.136m of cash - so this stock isn't for the faint hearted.

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