TAM currently provides an excellent risk/reward investment play. Given its current assets, I estimate a maximum downside to 3 cents and an upside to its estimated NTA of 12 cents, or at a share price of 4 cents an exceptional 8:1 profit to loss ratio.If we then look at the potential near term events and their estimated probability that could trigger a re-evaluation of this unloved stock i.e. A Takeover by APAC Resources at say a 75-80% probability and/or an announcement from NST of CTP mining commencement at say an 85-90% probability. The combination of these probabilities supports an excellent short term investment outlook with high upside potential and fairly limited downside! DYOR
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Last
4.1¢ |
Change
0.005(13.9%) |
Mkt cap ! $48.17M |
Open | High | Low | Value | Volume |
3.6¢ | 4.5¢ | 3.5¢ | $457.3K | 11.38M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 29000 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.1¢ | 182525 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 29000 | 0.040 |
1 | 50000 | 0.039 |
2 | 320000 | 0.038 |
1 | 90000 | 0.037 |
3 | 105833 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 182525 | 1 |
0.042 | 85994 | 1 |
0.043 | 69000 | 1 |
0.046 | 65000 | 1 |
0.048 | 20000 | 1 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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TAM (ASX) Chart |