SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : TRIVALENCE MINING -- Ignore unavailable to you. Want to Upgrade?


To: Elizabeth Andrews who wrote (500)7/7/2000 2:34:37 AM
From: Crane  Read Replies (1) | Respond to of 527
 
A quick response to your comments....
I'm not sure what you think that I'm taking as gospel. I don't pretend to have any "original or compelling" information on TMI (I guess that's why I've only posted here a couple times in as many years). I bought my last position when the stock was trading at a buck. At that price it seemed like a cheap/reasonable valuation on the alluvial and gave me the blue sky pipe potential for free. I lightened up abit at 1.65-1.70 which is probably a fair valuation for the alluvial operation.

10,000 shares doesn't justify a "site visit" (and Guinea isn't high on my vacation list), so I just went on what seemed to be a reasonable market cap compared to the potential of the operations and property.

Maybe I was fooled by a bunch of baloney from the company and tipsters, but I've done pretty well with this "dog" so far, so I'm going to leave the rest of my shares on the table... if it drops below .55 I trust that you'll be here to remind me that I'm now in the red.



To: Elizabeth Andrews who wrote (500)10/12/2000 2:36:49 PM
From: mick  Read Replies (1) | Respond to of 527
 
Making Some Decent Numbers

Look out Liz, they are starting to make some strides.

TRIVALENCE MINING CORPORATION (CDNX:TMI, OTCBB:TMIGF) The Company is pleased to report diamond production for the quarter ending September 30, 2000. Production was derived from the Aredor Mine in Guinea West Africa and the recently opened Palmietgat Mine in South Africa and totaled 16,027.22 carats. This is an 86% increase over diamond production for the same period ending September 30, 1999. Revenue from diamond sales for the quarter was US $5,211,362 up 78% over the same period ending September 30, 1999. A breakdown of production is as follows:

Quarter Ending
Sept. 30, 2000 Tonnes Processed Carats Recovered
Aredor Mine 209,097 15,408.66
Palmietgat Mine 8,783 618.56

Operations at Palmietgat began on September 18, 2000. The plant is presently in its commissioning phase and production levels will be increasing through the present quarter to rated levels of 200 tonne per hour or approximately 60,000 tonnes per month. The Company is extremely encouraged by those increased production levels and is currently implementing an expansion phase at the Aredor Mine in which the Company will strive to increase production by 40,000 tonnes per month.
Trivalence Mining Corporation is a publicly traded mineral exploration and development Company with a primary focus on diamonds. The Company owns an 85% interest in the Aredor diamond mine in Guinea, West Africa, and a 50% interest in the Palmietgat kimberlite diamond mine in South Africa. In addition to its investments in the Aredor and Palmietgat mines, Trivalence is conducting Kimberlite exploration programs at the 1,012 square km Aredor concession, the 3,700 square km Kokong property in Botswana and the 52 square km Weymouth property located at Ungava Bay Quebec, Canada.

The Palmietgat Mine looks a bit like a dog. Same 7 cpht as Aredor but not the same valuations.

Still Liz, you gotta like. They make revenue (and I believe eps for the quarter should be ~ $0.10 Canadian).

Just wanted to keep you in tough.

Cheers