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.

OTCPK:TLSMF - Post by User

Talisman Mining Ord Shs > troubling investment

<< Previous

Bullboard Posts

Next >>

Comment by Oregonduckon Dec 09, 2013 7:17pm

337 Views

Post# 21987847

RE:troubling investment

It was little disappointing on how TLM reacted to recent news releases incl. today's discovery in Columbia. But, you have some really smart hedgies involved in TLM. They've done the homework for us.

Technically, the stock has turned the prior Can$12.40 resistance level into a new support level, having re-tested the $12.40 successfully on 4 occasions incl. today's action. It should hold.

The shorts on TSX have gone up by +16.2 million shares from Nov.15th of 8.1 million shares to Nov. 30th of 24.3 million shares. It represents over 11 days coverage based on an average daily vol.of 1.8 million shares in Canada. Don't squeeze the shorts, Icahn :-) I also think there is another major asset divestiture coming before y/e or in Jan. 2014.