IMC did not want to rescue the existing company structure and management.
If you remember IMCs representatives on the board (Jyn Sim Baker and Gerrit de Nys) had to stand down in October because of conflict of interest on the $10.6m capital raising. You might note they were never reinstated...
Announced today IMC to put up $19million Loan to assist restructure of company. Investec debt to be paid out with balance of loan to fund Carnilya Hill development calls. Restructure must be approved by stakeholders and subject to due dilligence.
Very encouraging "white knight" action by...
Given the events of the last few weeks I guess 35 cents is now a bit optomistic. TTR desperately needs some good news to lift its sagging share price which is now amazingly well below NTA. When was the last time a junior miner had that stat.
Essentially balance sheet is solid with no debt...
Have been told there will be a series of announcements shortly. I am assuming this is to update TTR investors on Phillips River (targeted drilling to commence), RAV8 Nickel mining and Mincor exploration drilling updates, Metallurgy studies regarding Trilogy polymetalic processing, further...
Gregcourageous or Greg you need to be courageous to invest in the junior mining sector. Only invest what you can afford to lose. These companies can run a tightrope from exploration through to actually producing.
The fundamentals are of course - strong metal prices, establishing a proven...
News of Burnakura sale has been anticipated for a while and recently TTR reported that process was going OK. Timing of announcement was expected much earlier than this month so it could be a guess that it is about due or someone has heard something. Actually I saw a post on an Extract (JV...
Posted on another site - Announcement on Burnakura sale expected any time now. Apparently deal is for an outright sale which was always going to be the best outcome for TTR.
Cash position will be near $10m by end of financial year. Nickel production at RAV8 going well with excellent head...
Maybe they wont have to worry about funding. Hint of potential Takeover by Mincor posted on another forum. Volumes and price up today for absolutely no reason!!!!!
Burnakura can be run far more profitably that what has been seen in the first 12 months. Additional Capex on production facilities is needed to improve efficiencies with respect to work flow. Most small cap miners (particularly with underground operations) take most of the first year to reach...
Tectonic Resources News
Currently Suspended pending announcement - was due at latest today but not released. Announcement probably relates to Phillips River Gold Project funding - seems to have accumulated a good resource and share price looks cheap. Has anyone any thoughts on this stock...
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