Jump to content

TEM - TEMPEST MINERALS LIMITED


ShareCafe
 Share

Recommended Posts

  • 2 weeks later...
  • Replies 28
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Posted Images

In reply to: atleast16 on Tuesday 09/11/04 09:31pm

Well ... the price was always going to find it hard to get through 132 area, it gave it a good go ... and now looks like coming back to support at 124. If ti falls below 120, then things are looking rather bad....

post-16-1100807632.png

Link to comment
Share on other sites

In reply to: thekiwi on Friday 19/11/04 06:53am

There are 2 shares that I am following BIL and TEM that "strangely" went backwards recently when the co market update/report came out fairly positive. Go figure.

 

Nevermind, I say, the overall trend is good and happy to keep both of this for a few more months...unless........

Link to comment
Share on other sites

  • 17 years later...
  • 1 month later...

and that big move; went from 2c to 20c in late March but TEM has given most of it back. Now under 5c

Raised $8million in April at 8.5c from sophs and instos. Oh well.

Link to comment
Share on other sites

  • 3 weeks later...
On 5/25/2022 at 9:26 AM, nipper said:

and that big move; went from 2c to 20c in late March but TEM has given most of it back. Now under 5c.

and now 4.5c. Market did not like the announcement today?

TEM signs MOU with Karara Mining Limited to enter into an exploration Joint Venture over Karara exploration leases along strike from the Karara Magnetite Iron mine in Western Australia.

The MOU provides a non binding agreement with the aim of entering a Joint Venture over KML exploration ground where TEM has exclusive right to earn up to 70% of the project area over 4 years.

The exploration package includes 138km2 of highly prospective yet underexplored Yalgoo Greenstone Belt which is adjacent to the 100% owned TEM Euro Project
.

It looks like the TEM Euro Project extends into Karara leases so this MOU will enable them to benefit from any extensions of that project that are not within their own exploration leases. TEM can also earn up to 70% of any extensions to the Karara Magnetite Iron mine that fall within the JV area. So overall a net positive for TEM.

Consideration is quite reasonable too:

Stage 1 (commencement): TEM will issue to KML (or its nominee) $30,000 in fully paid ordinary shares or pay $30,000 in cash and will have the right to earn a 51% interest in the Assets (Stage 1 Interest) free from encumbrances by incurring A$800,000 of exploration expenditure on the Tenements over a period of 2 years and 6 months.

Stage 2: On earning the Stage 1 Interest, TEM can elect to carry on to the Stage 2 Earn In Period to earn the Stage 2 Interest of up to 70% of the Project. TEM will issue to KML (or its nominee) $20,000 in shares or pay $20,000 in cash and will have to spend A$400,000 of exploration expenditure on the Tenements over a period of 2 years.

Initial assays from the recent drilling at the Meleya Project expected this month.

Link to comment
Share on other sites

  • 2 weeks later...

after running from 3.8c to 6.5c today, then falling back to 5.5c today on high volume, TEM has gone into a Pause in Trading. Up 50% on the day.

Is it news or an opportunistic cap raise??

Link to comment
Share on other sites

  We will see how the company goes when trading resumes. In response to the ASX price and volume query:
 

TEM advises that the following may be contributing to strong interest in the Company:

I. Members of the TEM Board have recently returned from marketing activities in North America, including attendance at the Prospectors & Developers Association of Canada convention in Toronto, where strong interest in the TEM story was expressed by many parties.

II. TEM has a number of previously announced planned upcoming activities at the Meleya Project including downhole geophysics, field sampling, drilling and pending assays from WARDH72 and WARDH73. Unfortunately there have been delays experienced industry wide in WA in being able to finalise assays in a timely manner. Presently, TEM believes that assays for key zones should be available within 2 weeks and complete assays of both holes should be available within 8 to 10 weeks and TEM will update the market as soon as it is able to do so.

III. As advised in previous reporting by TEM including section 6.4 of the TEM Prospectus released on ASX on 21 June 2022 ...Whilst progressing exploration on its existing projects, the Company also continues to investigate other mining and exploration opportunities in the best interests of all shareholders of the Company, with a primary focus on prospective gold and copper projects. Presently the Company is looking at a number of gold mining and exploration projects in Australasia and North America. No assurance can be given that the Company will be successful in acquiring any further mining and exploration interests…..

Any such opportunities are in very early stage and as such the Company has no material information which can be disclosed at this time.
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share


×
×
  • Create New...