One would expect TAM to have low gold production in the June Quarterly. Historically with TAM, bad news always occurs with good news and in this case there will probably be mention of how well the decline and development is progressing. The bad news will be low gold production - maybe due to lower than expected throughput in the mill, plus development has well advanced.
As TAM rush to try and determine what reserves they have - if enough to keep the good stories out to wrestle the continuied slide of the share price the future for long suffering shareholders remains bleak. Denis should reduce his high salarly and should base his salary on a performance based. Remember this mine was officially opened in May 2006. Where did the production ramp to 70k per annum or 100k per annum ever go?
TAM doesn't appear to have told the comp[lete story. What is happenning with production will be the worry. Escalating operating costs will drive an arrow into the heart of this company. EXPECATATONS APPEAR NEVER TO BE FULFILLED.
TAM Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
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