TLM 4.17% 11.5¢ talisman mining limited

classic placement play happening

  1. 515 Posts.
    Hermanis has set his terms;
    He wants his own people involved, hence Alan Seniors appointment and he is not prepared to pay the sp that TLM has been hovering around for the last week or so.
    TLM are happy to accomodate him.
    It's either his way or go looking for a JV partner. They think they are onto something big here and are not prepared to pay a pound of flesh to hook up with a JV partner .
    It started yesterday and we will see it again tomorrow, a classic placement play of keeping the sp around $1-$1.10. As soon as it starts to rise the company dump some more to get the average around $1.00 or so.
    Hermanis is happy to pay this price.He wanted a sweetner to come on and he has got it!
    Forget about offering the placement to "sophisticated investors "etc,this is ALL about one investor!!
    They will use the AGM on the 29th of this month to ratify it.
    Then folks, its of to the races!!!!
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