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IRN, INDOPHIL RESOURCES NL
melua
post Posted: Dec 10 2015, 06:53 AM
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In Reply To: melua's post @ Jun 9 2011, 02:48 PM

Happy Cats posted: "And the final chapter has finally been written. Tampakan now 100% held by the Filipinos at a total cost of fractions what has been spent on it. Last year they wrangled the King-King copper porphyry from Canadian owners. What will be next?

http://business.inquirer.net/194082/alcant...ampakan-project

Welcome to the Philippines, a bountiful land of copper and gold.
You are welcome to explore (but not too welcome).
You have worked against the odds and have a resource ready for development.
Great, now please make your way to the departure lounge.
Thanks for coming."


 
melua
post Posted: Jun 9 2011, 02:48 PM
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In Reply To: melua's post @ Jun 6 2011, 05:46 PM

Not fully underwritten. This will be ugly.

 
melua
post Posted: Jun 6 2011, 05:46 PM
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In Reply To: melua's post @ Jun 6 2011, 05:32 PM

Details just through.
A 1-1 rights issue and $25M placement
Both at 35c.

 
melua
post Posted: Jun 6 2011, 05:32 PM
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In Reply To: Optionsman's post @ Jun 6 2011, 04:53 PM

Not yet. It appears as though management are sick of waiting for a takeover.

 
Optionsman
post Posted: Jun 6 2011, 04:53 PM
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In Reply To: melua's post @ Jun 6 2011, 04:24 PM

Thanks peoples. Are there any details on the rights issue yet?

 
melua
post Posted: Jun 6 2011, 04:24 PM
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In Reply To: mme's post @ Jun 6 2011, 03:43 PM

$190M to be raised at 35c through Goldman Sachs including a rights issue. Another 540M shares on issue after this.

 


mme
post Posted: Jun 6 2011, 03:43 PM
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In Reply To: melua's post @ Jun 6 2011, 03:37 PM

That will hurt if it's correct! biggrin.gif

 
melua
post Posted: Jun 6 2011, 03:37 PM
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In Reply To: melua's post @ Jun 6 2011, 11:26 AM

Cap raising at 35c per share according to the AFR.

 
melua
post Posted: Jun 6 2011, 11:26 AM
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In Reply To: Optionsman's post @ Jun 6 2011, 12:15 AM

Looks like a capital raising so it will get even cheaper.

 
Optionsman
post Posted: Jun 6 2011, 12:15 AM
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In Reply To: melua's post @ Jun 5 2011, 09:30 PM

I agree this stock is hugely undervalued based on fundamentals. They have a share in one of the largest copper deposits in the world. At current market cap this stock is being valued at less than 3c/lb copper. With the current copper price at over $4/lb, this stock is ridiculously cheap. I am a buyer.

 
 


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