hi everyone, just back from a suspension because I inadvertantly used a swear word w/o realising it, say no more. re the tams...I was surprised to see them fall back 2day BUT if you look at their chart, this is normal after a rise and the higher they go, the bigger the retrace will be becos of the 3.5b shares on issue....profit takers will always drag the sp down. I first started taking notice of tam a few years ago and my broker's father was very close to th ecompany before the issuing of the deluge of shares. It seemed at the time that they had an interesting story....encouraging drill results with really unheard of bonanza hits over 1000 gms/t albit over a short distance like a foot or similar, and 26,000 sq kms of tenements in "elephant country". Now, the interesting thing is that I asked my broker "if you were going to put everything on an up and coming explorer/soon to become a producer, which co would you go for?" His answer was tanami. Someone else said the sam ething on the tam threads about his uncle... Having said that, it's been an arduous and rocky road sine then, but I still believe they have something BIG with coyote and their other holdings and the incredible buying is an indication of that.......2.5m @ 3.8 or 3.9c is a huge investment for an individual. Anyway, I'm going to hold and ride the peaks and troughs and hopefully the tams will keep inching up....
TAM Price at posting:
2.5¢ Sentiment: Hold Disclosure: Held
