Forum Topics TMB TMB Business Model/Strategy

Pinned straw:

Added 4 months ago

This is a little junior I've had a piece of for a few years.

The chairperson - Rita - basically has put all her best assets into a company, raised some extra funds via an IPO and started further exploration works.

A couple of years of volatility and lack of direction following lithium mania and what seemed to be a penchant for accumulating extra tenements and a revolving door of CEO's, things seemed to have settled down into a regular rhythm.

Appointed Terry Topping as CEO - from all accounts is going really well.

Director Bill Marmion - one of Rita's neighbours- was a State Minister and was in charge of the Dept. Mines et al.

Rita's been good at getting government funds to assist with exploration work and has also finally managed to get a clear path and strategy for taking the assets into the future.

It's been down in the dumps for a while and is back climbing as buyers have been piling in. From a CR at 0.02 to now touching 0.05.

Tightly held and could run hard if it works...

Arizona
Added 2 months ago

@Jarrahman You weren't wrong!! What an amazing couple of days for TMB share price.

Where does the company and SP go from here?


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Jarrahman
Added 2 months ago

@Arizona I was going to ask the same question!

All day yesterday and last night, and then again this morning, I've been thinking about should I take a few off the table and lock in some profits. Especially with a few of the discussions going on Strawman recently...

Long story short, there's a whole lot of extra results coming and it certainly looks like the market expects them to be ok.

The latest with Tribeca coming on board today with $3m cash into the coffers is a good sign for longer term holding. Having said that, they also have tripled their money today from their $0.085 entry price...

Here's Rita's latest presentation which came out prior to the bump and results. She is reservedly confident and the upcoming news flow is quite exciting.

RIU Melbourne Investor Presentation https://wcsecure.weblink.com.au/clients/tambourahmetals/headline.aspx?headlineid=61285592

video here - https://www.youtube.com/watch?v=KRh2GHzavP8

Tambourah - good location - 100km south of De Grey - historically had 5000 oz in the 1890s. Rita jokingly suggests that number may in reality be significantly higher.

Shaw River - 5,000oz of Tin has been mined. Have got some updated results with more work being done.

Bryah Basin - right in the thick of it is Beatty Park - 80km from Marble Bar. Drilled in August, more done in September with results pending. 2000m still to go starting next week. Everyone seems to like the 'open' aspects of the drilling thus far. The drilling so far has also only 120 of the 500m target

Cheela - down the road from other deposits

Speewah - Critical minerals - looks to me like a nearology play with antinomy - this one reeks of the lithium mania of a few years ago...


I'm probably misquoting the different projects as there's so many to keep track of...


I like that Rita is getting her time in the sun. A positive media and bit of exposure and eyes on the stock should keep the momentum going for a little while still.

With so many results still coming in and a clear risk on market sentiment, I'm holding tight for now.


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Arizona
Added 2 months ago

@Jarrahman Congratulations and Well played.

Thanks for the link. I'm watching now.


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