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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

Post by modulexon Dec 09, 2014 6:29pm
305 Views
Post# 23212614

A TAKEOVER WILL LIKELY OCCUR AT $10.00

A TAKEOVER WILL LIKELY OCCUR AT $10.00
Given the renewed rumours involving Repsol, it could be that Talisman will decide to unload most assets to Repsol, at a bargain price, and sell Marcellus as planned to Regency Energy Partners LP.  As TLM stock is almost $5.00/share, I dont see how an offer more than double this amount could be achieved in current market circumstances.  Talisman is going away, unfortunately for peanuts.

Globe/wire say Talisman restarts Repsol talks

2014-12-09 08:32 ET - In the News

 

The Globe and Mail reports in its Tuesday edition Repsol SA has revived talks with Talisman Energy, as the Spanish company seeks acquisitions to bolster its presence in North America. A Bloomberg dispatch to The Globe says Repsol and Talisman are discussing options that could include the sale of a selection of assets or the whole company. Talisman's plunging valuation -- now at $4.6-billion after falling about 60 per cent since the end of August -- remains a hurdle to any deal. Repsol dropped a plan to buy all of Talisman in August after conducting due diligence on the company. Talisman's shares have fallen since then, as a drop in crude oil accelerated, making the company a more attractive target. The volatility in prices, however, also means a deal may be more difficult to reach. Talisman shares ended at $4.30 on Monday. Repsol also fell and has a market value of about $30-billion. Another hurdle to a sale of Talisman is its beleaguered assets in the North Sea, where output is falling. Repsol is cash-rich, following a settlement with Argentina. Separately, Talisman is in talks to sell its pipeline operations serving the Marcellus Shale region in New York and Pennsylvania to Regency Energy Partners LP.

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