six o.clock alarm

i get the wake up call, let that sucker jingle jangle ring right off the wall..... too low for zero..too tired to work.... (apologies to Elton John).

1. "merger discussions with Monarch progressing well" For who? Tam shareholders? Extracting a premium ??? MON technical team now assisting?? Wow , TAM must be a shambles?

2. New plant ... "modifications are planned to improve performance" SO not built right? I though it was only a few pumps (previous poster)???

3. 25% of gold to gravity circuit??? ...."causing delays in recovery"... also means a lot higher costs!!

4. 1.9g/t mill feed grade. If we assume 90% recovery that is 1.7g/t. That cannot even pay for processing!

5. A"full review of ore reserves" ... that does not sound encouraging.

6. "re-optimising" the design... takes 4-6 weeks. Ouch!

7. Auction the contribs....

Do your own homework, think carefully and as always seek independent advice.