Next to no progress on their main project since the agreement...

Next to no progress on their main project since the agreement with NST was made. In the meantime they are bleeding money at over $3m per year. At the rate the cash is disappearing they are going to need a top up in about 2.5 years or get taken out by NST for a few cents.

I wonder if NST is deliberately dragging the chain on this project? NST have almost $400m in cash so its not due to a shortage of funds. I think they are doing minimal activity to depress TAM's share price. As far as I know tThe TAM/NST deal does not specify a timelines for the project.

Good luck all. I sold out of TAM around 6 months ago, but keep an eye on it.

loki