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Talisman Mining Ord Shs TLM


Primary Symbol: TLSMF

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

Comment by deismanon Jan 21, 2014 2:47am
709 Views
Post# 22114196

RE:RE:RE:RE:RE:RE:Start of Something Good ?

RE:RE:RE:RE:RE:RE:Start of Something Good ?
I believe that Dunn was not privy to the details and wrongly assumed that the $17B offer did not include an assumption of debt.  If the offer was net to shareholders (meaning GDF Suez also assumes all current liabilities)  the value of the offer was $16+ share.  This seems more believable since TLM has been trading between $12. 12 - $13.25 over the past 90 days.  Common sense would dictate that any takeover offer would not be below any weighted average share value just prior to the offer.  Usually a premium to that share price. 
The article states "French electric and energy utility GDF Suez SA tried to buy Talisman for $17-billion including debt"   Now did they mean $17B + Debt or $11B + Debt.  Time will tell
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