Loki, I keep a close eye on TAM, but as you say, management just sit there and draw fat salaries... 580k per quarter means they will spend $2.2m this year... doing sweet FA! Unbelievably embarrassing IMHO.
With TAM getting the Coyote plant back, they should partner NST to see if they can get it back in sustainable production, because I 1000% believe they have no skill at running a plant commercially... but I bet they are tempted to keep it running...
That is why I cannot buy in. NST is keeping very quiet about CTP, because I think they do worry that TAM might be liable and who knows... it may even effect the deal they signed. TAMs part ownership of CTP is worth more than $50m, but.... if it all falls to pieces then who knows what will happen.
All IMHO.
TAM Price at posting:
3.9¢ Sentiment: None Disclosure: Not Held
