TAM

0.00%

3.2¢ tanami gold nl

Ann: Quarterly Activities Report & Appendix 5B, page-8

First 8 Last

Share
Profile

Follow
rookstar

4,825 Posts.

729

06/07/17

18:23

Post #: 25711845
Share

Originally posted by Pbnewby ↑

Hello loki - I still buy TAM on the lows when I'm able - 12 hour shifts

This came from the update dated 7/6/16

"...The Central Tanami Project is part of an ongoing JV with Northern Star Resources (Tanami Gold NL 75%; Northern Star Resources 25%) in which Northern Star Resources can earn a 60% interest by bringing the project into commercial production by 2018. The exact terms and conditions of the earn-in and the JV Agreement have previously been announced. Gerard McMahon Chairman.."

https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvFDZpiwm1v1COseht/tJNT7rJHYsSXBVkNVHhlFA=

I think this 2018 date has been calculated by going back to the HOA dated 26 Feb 2015 and adding 3 years:

The HOA comprises the following key terms:
1. NST will, at Completion, acquire a 25% interest in the CTP for A$20 million, comprising a A$11 million cash payment and the issue of 4,290,228 NST fully paid ordinary shares (NST Shares), which have a value of A$9 million based on their 5 day volume weighted average price (VWAP) prior to announcement.

2. Upon acquiring this interest, an unincorporated JV between NST and Tanami will be formed and NST will become the manager of the JV.

3. NST will then earn a further 35% (for a total JV interest of 60%) by sole funding all expenditure and costs required to bring the project back into commercial production, which shall be achieved once the CTP process plant has been refurbished and is operated for a 30 day period or has produced 5,000 ounces of gold (Commercial Production).

4. NST will grant Tanami two put options to sell all its remaining interests in the CTP (together the NST Put Options):
a. the first put option will grant Tanami the right to sell 15% of CTP for A$20 million in cash or NST shares (valued at the 5 day VWAP prior to exercise) at Tanami’s election, at any time up to the earlier of 30 calendar days following achievement of Commercial Production or three years after completion of this acquisition of the initial 25% interest in the CTP (Completion). If Commercial Production is achieved more than three years after Completion, Tanami may exercise this option at any time up to 30 calendar days following achievement of Commercial Production; and
b. the second put option will grant Tanami the right to sell 25% of CTP for A$32 million in cash or NST shares (valued at the 5 day VWAP prior to exercise) at Tanami’s election at any time up to six calendar months after the achievement of Commercial Production.

Expand

Hi
You still buying at these levels, pretty quiet in here
Bought in today the was weird trading like it was being pushed to .049

TAM Price at posting: 4.9¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

FG1

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

GNX

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

IMR

Imricor raises $35M to pursue growth and expansion into Australia and NZ

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

LKE

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

MCT

Metalicity looking for offers on Admiral Bay zinc project

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

Talking Australia's very competitive property landscape: Realty Talks

AI stocks: What to expect in 2024-25

There are more pages in this discussion • 22 more messages in this thread...

First 8 Last

Add TAM (ASX) to my watchlist

(20min delay)
Last 3.2¢		Change 0.000(0.00%)		Mkt cap ! $37.60M

Open	High	Low	Value	Volume
3.1¢	3.2¢	3.1¢	$4.361K	136.3K

Buyers (Bids)

No.	Vol.	Price($)
1	32258	3.1¢

Sellers (Offers)

Price($)	Vol.	No.
3.2¢	143646	1

View Market Depth

No.	Vol.	Price($)
1	32258	0.031
2	272303	0.030
1	200000	0.029
1	100000	0.028
1	75000	0.027

Price($)	Vol.	No.
0.032	143646	1
0.033	100000	1
0.034	1000549	2
0.036	223033	2
0.038	110000	2

Last trade - 14.36pm 19/07/2024 (20 minute delay)

TAM (ASX) Chart

Ann: Quarterly Activities Report & Appendix 5B, page-8

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

Imricor raises $35M to pursue growth and expansion into Australia and NZ

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

Metalicity looking for offers on Admiral Bay zinc project

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

Talking Australia's very competitive property landscape: Realty Talks

AI stocks: What to expect in 2024-25

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Quarterly Activities Report & Appendix 5B, page-8

Top Stories

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

Imricor raises $35M to pursue growth and expansion into Australia and NZ

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

Metalicity looking for offers on Admiral Bay zinc project

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

Talking Australia's very competitive property landscape: Realty Talks

AI stocks: What to expect in 2024-25

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News