TAM or would be TAM shareholders would do well to read and re-read the above commentary (from Cashed UpB). It is spot on the mark.
Me: Its not sufficient just to rely on the price of gold to save companies that have poor/difficult assets, small balance sheets and weak management.
TAM is no longer an explorer that can just concentrate on drilling exploration holes and make a transforming discovery. It now has to manage mining risk, capex risk, debt and cash flow risk. It has to compile reserves, and undertake mine planning, and run a gold plant. These are all a very different sorts of risks, that TAM shareholders have historically not been exposed too.
For anyone remotely contemplating taking the company over, my view is that they can wait 6 months and then have another look. There is no rush in my view on what we know now. I am of course assuming that TAM has disclosed all information that is material to shareprice, as they are required to do under the continuous disclosure provisions of the ASX reporting code.
Never investment advice.
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3.1¢ |
Change
0.001(3.33%) |
Mkt cap ! $36.42M |
Open | High | Low | Value | Volume |
3.1¢ | 3.1¢ | 3.0¢ | $10.73K | 353.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 999917 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.031 |
1 | 300000 | 0.030 |
1 | 384615 | 0.026 |
2 | 145052 | 0.025 |
1 | 125000 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 999917 | 1 |
0.036 | 23033 | 1 |
0.038 | 90000 | 1 |
0.039 | 35000 | 1 |
0.040 | 250940 | 2 |
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