Ann: Drilling continues to expand the Groundrush , page-8

re: Ann: Drilling continues to expand the Gro... Good points Charl and co,

That said the "CR after the quantum leap" philosophy, where TAM tries to disguise that it isnt in need of money, and is actually "making money at western operations" is a tired model and the market has woken up!!!

I think it is optimistic at best to expect any "significant" re-rating, both short and long-term until such time as TAM takes the "medicine" and strengthens its balance sheet to a point where it isn't backed into corners.

My view is that the ABM stake was a least worth double, so management should have a finger pointed at them.

Good deposit groundrush +bleeding money at coyote - Still $20m of debt = tough trading conditions.

On the plant Scorp, TAM has no other option than to invite ABM and old pirate in - given Western is bleeding, they really are not coming from a position of strength??? Expect a cooperative agreement.