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News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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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 > Thinking of jumping in...
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Comment by oilandgasmickon Oct 30, 2014 11:40am
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Post# 23076812

RE:Thinking of jumping in...

RE:Thinking of jumping in...I am not sure how safe the dividend is. The company does not have enough cash to fund planned operations for the next few years but is expected to cover that shortfall with pending asset sales. The problem is that no one knows if these sales will actually take place or not and there is no information from senior management regarding these topics. I think the stock is a great buy at these levels but I said that when the stock was at 12 bucks and have been proven wrong. It looks like we have now slipped below 7 bucks Canadian and I do not know where the bottom is. If you are looking for a gas weighted stock that is financially much more secure with a safe dividend then I might recommend ARC resources (ARX on the TSE exchange). IMHO they are a much better managed company than TLM. Keep in mind that a takeover of TLM is still possible in which case you could have some serious gains but the rumor of a takeover is now a decade old.
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