Tam will at least get 2-3 million income next year just about year end, from ABM Resources (ABU), who will re lease Coyote under an existing agreement for $2 m or buy it outright for $3 m.
How much can sitting around doing nothing cost? NST are funding central Tanami.
However the major shareholder APAC Resources (the TAM lender) is not to many shares away from outright control, so I don't see NST getting the remainder of the shares and would not be surprised if APAC turned out to be the recent purchaser, driving the price up.
Regards Mark H
TAM Price at posting:
6.1¢ Sentiment: Hold Disclosure: Held
