Talisman Mining Ltd TLM

Primary Symbol: TLSMF

Metals & Mining Industrial Metals & Minerals

Talisman Mining Limited is an Australian mineral development and exploration company. It has secured tenements in the Cobar/Mineral Hill region in Central New South Wales (NSW) through the grant of its own exploration licenses and through a joint venture agreement. Its projects include Lachlan Copper-Gold Project and Lucknow Gold Project. The Lachlan Copper-Gold Project area covers an extensive strike extent along the Gilmore Suture within the mineral rich Cobar/Mineral Hill region. This region has produced many long-life, high-grade mineral discoveries and has the potential to host a variety of deposit types including low sulphidation epithermal gold and base metal deposits (similar to Mineral Hill), structurally controlled gold deposits (similar to Mt Boppy), structurally controlled copper deposits, Cobar-style gold and base metal deposits and Skarn deposits. The Lucknow Gold Project is located within the Macquarie Arc in NSW which hosts extensive gold and copper mineralization.

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Talisman Mining Ltd

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Post by ritamlajcion Apr 20, 2010 5:53pm

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Post# 17012701

MS Advising Picking Up Shares of TLM

Morgan Stanley Advising Picking Up Shares of Talisman on Asset Transformation (TLM)

Written on Tue, 04/20/2010 - 14:46

By Chip Brian

4/20/2010-Morgan Stanley Equity Research issued a tactical trading idea to its clients regarding shares of Talisman Energy (NYSE:TLM), which they hold an Equal-weight rating on.
MS said they expect the stock's price to rise in absolute terms over the next 60 days.
Morgan Stanley analyst Stephen Richardson said, "This is because the stock has traded off recently, making short term valuation much more compelling. TLM has lagged the EPX ~16% YTD and now trades at 92% of its proved reserves at the current strip vs. 106% historically. We believe the company's asset transformation remains underappreciated by the market. The company recently sold conventional natural gas assets in Canada for C$1.9Bn (in-line with trading metrics at ~$44/mboe/d and ~$16/boe). This enabled the company to high-grade its asset base, fill the funding gap, and redeploy capital to higher return projects. We see three upcoming catalysts 1) In-line 1Q despite recent investor concern 2) International exploration results (Chiriguaro and Situche 3x expected next) 3) Analyst Day on May 13th where we anticipate details on Marcellus ramp. We believe very little execution/upside is priced into the stock at current levels."
MS estimated that there was about an 80% or "almost certain" probability for the scenario to take place.

https://www.mysmartrend.com/news-briefs/news-watch/morgan-stanley-advising-picking-shares-talisman-asset-transformation-tlm