1) "Based on its current forecast and assuming currentproduction...

1) "Based on its current forecast and assuming current
production rates and commodity prices, Tamaya has sufficient funds available to
meet operational requirements in Chile, service debt and complete the business
reforms in Armenia and Portugal. The majority of Tamaya’s debt obligations are due
in the 2010 calendar year.


2) "The second issue is the matter of the anticipated non-cash write down of the Iberian
acquisition…………As it has not proven to be what was expected, and is not ready
for development in the foreseeable future as a standalone business, it is prudent to
cease spending funds on it and to write down its carrying value…………….Placing this project on care and maintenance while Iberian considers its strategy and funding options reduces the Company’s expenditures and is considered a prudent measure.

3) "Production at Punitaqui remains an ongoing concern for some shareholders. By way
of update to shareholders, the month of July saw a consolidation of the mining of
higher grade stopes delivering above budget grade of 1.38% Cu to the raw ore
stockpile………………Both crushing and milling have been below expectation due to poor availability of the crushing circuit in June and July."

The above statements/exerpts are taken from todays company announcement and have not been interfered with other than exerpting certain aspects of the announcement for notation purposes and were released by Hugh Callaghan Chief Executive Officer.


**With regards to point 3) - Did we know of this disaoppointment in June/July? Or has it not been released in accordance with the time required to release the information as it came to the directors attentions?
I may have missed something in a report etc and would appreciate it if anyone could cut and paste the announcement (if it exists) where we were made aware of this very sensitive information in June/July. It is far too late to hear about it in the first week of August otherwise and if so, i'd say management would have a lot to answer to and it wouldnt be unlikely for a class action to be initiated.

I own these shares and have lost over 70% so i am not ramping and never have. I even have another conditional buy order in place. Im just asking for the forums input here please so i know what to do from here.


cheers.