It seems that TAM have drawn down $9 m of a $15 m loan facility from SHKIBBL of Brunai.
Part of this was to be use for care and maintenance at Coyote.
The consent of lenders would be required in order for the Company to materially change the borrowers asset make up.
In this case TAM is giving over control of its only potentially productive asset and the lenders would doubtless have concerns as to the likelihood of repayment.
re: Coyote lease negotiations, page-3
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Change
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Mkt cap ! $6.353M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $525 | 175K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 27348360 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 16751194 | 20 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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