TAM 2.94% 3.3¢ tanami gold nl

Watch out for tomorrows NST announcement, page-25

  1. 494 Posts.
    A major shareholder Asian Lady has ceased to be so recently but still has a lot of shares and is probably still the one selling, doesn't take much to hit the price with the qty sold.

    I believe several Asian holders are interrelated to the major s/h, who's company mandated liquefying a certain % of assets to boost coffers of the parent company a HK business.

    Looks from the 1/4 report like TAM cost will reduce about 4m over the comming year.

    No $3m payment to mlx, no $1m coyote care and maintenance.

    All up with cash in the bank, 750k NST shares and sale of Coyote there should be about $12m on hand.

    Regards Mark H
 
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