TAA has just announced it has entered a MOU agreement with a Chinese entity to supply tantalum concentrate over a multi-year period. No details on the tentative agreement are available.
The recent stream of positive news on both the drilling and contracts front has yet to impact positively on TAA's share price which has languished between 7 - 8 cents in recent weeks, probably due to market concerns over cashflow from its $56m tantalum contract not appearing to date in its quarterly statements.
Phone enquiries to management by other members of this forum (Fubahrain, from memory) purportedly indicate that this is merely an accounting entry technical requirement and that all is well with the contract. The market clearly remains sceptical, however, and confirmation that the deal is generating income is required before TAA's share price will appreciate strongly. Till then it's a hold IMO or a buy if you have an appetite for risk.
Conduct your own research.
Gupper
TAA
tantalum australia nl
