Talisman Mining Ord Shs TLM

Primary Symbol: TLSMF

Metals & Mining Industrial Metals & Minerals

Talisman Mining Limited is an Australia-based mineral development and exploration company. The Company is engaged in the exploration, discovery and development of opportunities in base and precious metals. 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 Base Metal and Copper-Gold Project, Mabel Creek Project and Yarindury Porphyry Copper-Gold Project. Its Lachlan Project encompasses approximately 7,100 square kilometers (km2) land position in the highly prospective Lachlan Fold Belt of central New South Wales. It also has over 1040 km2 of highly prospective tenure in Mabel Creek Project, which is a prospective for iron oxide copper gold (IOCG) deposits and intrusion related rare earth and battery metals mineralization. Yarindury Project is located 30km east of Dubbo in the Macquarie Volcanic Arc of central-western NSW.

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Talisman Mining Ord Shs > Tail Wagging The Dog

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Post by Oregonduckon Oct 21, 2013 9:12am

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Post# 21832650

Tail Wagging The Dog

The options tail may be wagging this dog. TLM chart looks very bullish. The 20-day moving average had crossed over the 200-day and 50-day is on the cusp of making a triple crossover.

TLM could be worth around $22-28 per share on the sum of its parts. TLM has far-flung assets.I believe its Malaysian & S.E. Asian Nat. Gas assets are its crown jewels. Nat Gas sells for a lot more in Asia.The Chinese oil companies and the Asian wealth funds have $ billions for takeover deals.

Icahn bought US$277 million worth of $8.00 call options which if exercised would control 61.5 million of TLM shares or about 6% of its outstanding shares.
Icahn's cost base will be around US$12.00/share counting the est. $4.00 time premium paid plus $8.00 to exercise.
Someone reportedly sold a block of 10,000 "naked" Nov.puts @ $12.50 strike on the Montreal Exchange for $0.48 per contract. That person expects the stock will expire worthless on Nov.16, 2013, therein pocketing $480,000 in premiums (one contract=100 shares). A huge Binary bet.
On Friday, there were over 5,600 call contracts bought for $0.45 on the $13.00 Jan.18, 2014 strike in the US options market. Those buyers expect the stock will be over US$13.45 by January.
TLM will announce Q3 earnings on Nov. 6, 2013. Based on the recent action in options, TLM may pop.