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 > TALISMAN IS PROBABLY HOPING TO GET $10.00 FOR SHAREHOLDERS

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Post by modulexon Dec 11, 2014 8:08am

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TALISMAN IS PROBABLY HOPING TO GET $10.00 FOR SHAREHOLDERS

It looks like Repsol will end up buying Talisman in full. If management has not proceeded with Regency Partners LP for the Marcellus asset yet, Carl Icahn is probably requesting $10.00/share in order to allow a sale. Very unfortunately, with a $5B debt, that would involve a sale price of $15B which is very unlikely in current circumstances. I personally would hope to be bought by Repsol in a shares transaction, not a cash offer, if the offer is too low. Carl Icahn will not sell at $7.00/$8.00 a share.

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