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How to spell "nonperformance"? Bartontim - if indeed you are Tim Barton - was at the center of the apparent nonperformance of agreement TARM entered into to turn this company into a producing entity. Mud is wacko sometimes with his star-crossed prognostications, but Bartontim - if indeed who you try to appear to be - simply pathetic. Ever-present now, ever AWOL at the critical time.
Simply pathetic.
Mud - your best post. I still ignore your claims all will be rosy next week. But I read this one.
Property Damage Product Liability Cases filed in the Texas Southern District Court between January 1, 2011 and December 22, 2011 matching "3:11-CV-03540-M"
No results found
Contract Product Liability Cases filed in the Texas Southern District Court between January 1, 2011 and December 22, 2011 matching "3:11-CV-03540-M"
No results found
Other Personal Injury Cases filed in the Texas Southern District Court between January 1, 2011 and December 22, 2011 matching "3:11-CV-03540-M"
No results found.
BT --- Other case categories to try?
Bartontim:
(1) As posted before, first waiting for PERFORMANCE. I have not seen that your many words have dislodged any ore from the mountain and rolled it to a concentrator or market. Got pics?
(2) And as been asked somewhere before, watching for response to the Vegas lawsuit. You wrote: "justly served notice of a temporary restraining order and lawsuit for breach of agreement as well as other acts. This lawsuits filed in the Great State of Texas."
Got a governmental link where public can review your justly served documents in Texas?
Thanks in advance for your replies.
Barontim - please post a few photos at a referenceable link of all the completed work and ore shipment vouchers CME agreed to. Much obliged. We are all waiting.
P.S. Watching for CME counterclaim in Reno court case. None seen yet? Silence?
Right, Yomamma. I saw that also. The items you noted basically represented about a 10% dilution of OS. I have been figuring get it past the cash crisis and we are on the way, so I am still long. In fact, I just picked up more when SP fell below what I considered a reasonable floor of $1.60 or so. And "on the way" is what I/we may reasonably expect that the JV has now provided. So I am still puzzled. $1.30-1.40 ? Maybe some of that cheap stock we noticed in the reports being sold for pocket change? But usually entities getting the large blocks of stock are not going to be selling a few K here and there for gas money. So still puzzled and watching. Time, vigilance, and maybe the next quarterly report may give us more insight.
What's up? No known reason for this much slippage in SP. The longs sure are not letting go of anything at these prices. At very small volumes SP can be manipulated considerably, so wondering if someone out there has reason to seek a lower SP before a big deal of some kind. Ooopsi on Yahoo Board, you home? Give us some hints. Spill your guts.
Twty-dave:
I would think we don't have ability just from poster info to go much beyond rough estimates until technical details are known - and that is what CME is in the game for. Nature of the ore (magnetite or..), can salable (at least 62%) ore be produced with fine crushing and magnetic separation or is additional processing needed. As an inquirer and not a professional in the field, it seems to me that much will depend specifically on the mineral/chemical nature of the deposits, not only the iron content.
But I was very encouraged to see Sam Dan post his understanding that processing/concentration would be done at the mining site, since even with the port only 30 km away, transportation of raw dug material would likely be a deal-buster.
One thing I did not earlier include was the price TARM pays for the rights to the property. I stumbled across a figure like $23.2 M in some of the links from the link you provided, and I understood that to be the price TARM pays for the rights - but not 100% sure. Before I saw that, I was under the impression that TARM would only pay the $6-7 per ton of salable product. SOmeone else may understand that more clearly and may clarify. I also would take "salable product" to mean product that has been processed and ready for shipment to market, not salable to a third party concentrator.
Still in and waiting.
Also waiting for the next TARM distribution from TRGD.
One more item on the iron ore near Manzanillo, Colima, central west coast of Mexico
http://en.wikipedia.org/wiki/Manzanillo,_Colima
"Manzanillo is Mexico's busiest port, as measured by total tonnage and volume of containerized cargo. In 2007, the port moved 1.4 million TEUs and 18.0 million tons of total cargo.[3] Port business experienced a significant surge during the USA's West Coast Lockout in Long Beach, California, in 2002. The port is connected by Ferromex rail lines to Guadalajara and Mexico City."
Thanks TJGuy for the correction.
And I have a correction also, in that I said estimate 50 meters depth but used 100 m average depth. So reduce everything by 50% for CME and half due to my error and get about $40 per share, or if 1/10 of my calcs, get $4 per share - over the life of the property at current prices just for that one iron ore site. But still await details to get the calcs more into reality. One note I saw indicates that iron deposit content should at least be 23% for most operations to be profitable, so if the 30% is high by much, it would change the picture considerably.
And I don't in the least begrudge CME the 50%, as TARM is depending on them for all aspects of production: funding, prospecting and assay, technical analysis, mill design parameters, production, security (no more stolen trucks of concentrate?), and (I understand) arrangements with end market. And, hopefully, depositing checks regularly into TARM bank account. If this deal goes well, CME will well deserve their piece of the action.
Still waiting - but holding.
Thanks Sam Dan for a very helpful post. I am trying to get a grasp on the iron potential. A TARM investor I spoke to recently said he is holding in TARM only due to the promise of JV PM operation at Don Roman. But initial numbers I pencil out show considerable promise for the iron ore as well. Only considering the site that is 30 km from port,
http://ih.advfn.com/p.php?pid=nmona&article=47626508
only the reported area aprox 30% FE which is 2 km by 1km surface, assume 50 m depth means 200 million cubic meters, or approximately 800 million tonnes of in-place ore, assume can be concentrated to 200 million metric tonnes of 64% Fe salable ore. If truck transport to port is $20 per tonne, royalty rights $7 per tonne, shipping to China even at $50 per tonne, and production costs (excluding startup) of $10 per tonne, and the "floor" delivered price (your prior post) of $140/tonne indicates about $50 per tonne net, or potential net of $10 Billion over the life of the property. Even after paying the $750K royalty and maybe $1 million for concentrtor equipment, this is a lot of money. Even if only one tenth of this net, it would be $15 per TARM share. Can it be this much this easy? Almost surely not. But I am really anxious to see additional information on the proven reserve, the type of material (magnetite or what), if local roads will need to be upgraded to carry truck loads, and what form the concentrated material will be expected to be. If this turns well, what some consider just another of Rich Biscan's forays could really be a gold mine of a different kind.
Waiting.
Mamona - Please reply to vcb4sea@yahoo.com
Mamona.. OK, fair enough.
BUt is TRGD or TARM still held by yourself or by friends in whom you have personal welfare interest, or are your posts only because of "bitter bitter"? Some past posts would have had effect only to nose-dive the stock to 6 feet under except most SHs ignored you. Not what you want to do to your friends.
OK, Biscan has had false steps. But those cannot make the mineral deposits secured by TRGD/TARM suddenly disappear. How about pulling out your "Lone Ranger" gun and firing some of those "productive" silver bullets. Or give us hints that you are doing so in a less visible way.
OK to communicate off line.
Mamona - I had you pegged for a basher, maybe still you are. But since you appear to have a realistic grip on the idiots who want to add $14,600 debt per US family this coming federal FY, I guess I am ready to hear you a bit. So why are you on the TRGD/TARM boards? What is your skin in the game and how can I know for sure? Many of your past posts just stunk like paid bash and no other Mamona profile computed.
Sorry LTS ... can't go there with you. When the bus is being driven over the cliff at 100 mph and some newbies dig in their heels until they all reach a compromise to drive it over at 98.5 mph, your link blames the newbies as causing the "gridlock"? Huh?
So I suppose we are both in TARM because we understand there is a national economic problem. OK, but get real.
My TARM distribution from TRGD posted May 27 to my TDA (USA) account.
SamDan - thx for your recent reply to my query about tax liability of the distribution. You replied to Canadian situation. Listing in my TDA USA account was:
NON-TAXABLE SPIN OFF/LIQUIDATION DISTRIBUTION (TARM)
so my concern about possible immediate tax liability of USA distribution is eased.
I saw the private 0.30 pps placement in the report last night, but q is, who got the deal?
I'm new at the shares distribution deal.
Taxwise, if cash dividend then I have tax liability at time of distribution. But if I receive shares, do I have immediate tax liability at current valuation or is tax liability only at time of sale of the dividend shares. If I receive TARM shares there should be a corresponding decrease in valuation of TRGD shares. Anyone willing to share a non-professional understanding on this - or professional if you wish.
Liability of course assuming I am making money here and not losing money. GLTA indeed.