when was it 1.30, page-9

CashedUpBogun

I’m taking the offer. Why?

TAM has it’s bright future, which is based on my research
Facts:
1. Gold is underground (inferred)

2. Coyote project is feasable (need cash)

3. Cash for TAM project progress will be available through:
- Non-Executive Director Lee Seng Hui (TAM appointment - 5 March 2008) connections
Mr Lee Seng Hui, aged 39, is currently the Chief Executive of Allied Group Limited, a Hong Kong listed company, having been appointed in January 1998. Seng Hui graduated with Honours from the Law School of the University of Sydney. Seng Hui previously worked with Baker & McKenzie and NM Rothschild & Sons (Hong Kong) Limited. Following the appointment of Non-Executive Director of Allied Group Limited in July 1992, Seng Hui became an Executive Director in December 1993 and is also a Non-Executive Director and Chairman of Tian An China Investments Company Limited and an Executive Director of Yu Ming Investments Limited, both of which are Hong Kong listed companies.

4. TAM Substantial Shareholders List
- 28/09/2007 Sun Hung Kai Investment Services Ltd 75,000,000 8.83%
- 08/09/2008 Allied Properties Resources Limited 190,000,000 16.10%
TOTAL: 265,000,000 24.93%
- 02/01/2008 RAB Special Situations (Master) Fund ltd 96,050,500 shares but if forced to sell (recent days), it would reasonable to think APRL is increasing it’s stake in TAM

5. Smart APRL (2007 revenues = 5.60bn - net income = 2.25bn) and Sun Hung Kai Investment Services will be eligible to buy at least over 0.5bln TAM shares at 0.5c. It means APRL will not only have their interest on loan re-payed but also it will hold approximately 0.8-0.9bln TAM shares

6. If APRL recently bought more shares during the selling of at 2-1.5c, it would have more shares at 0.5c

7. If some of the sheraholders didn’t exercise the rights of TAM offer, APRL is prepared to buy all the underriten shartfall (more stake in TAM, the higher governance of TAM and payed loan through the transfer of issued TAM shares - the cheapest on the earth)

8. Smart APRL didn’t need to put the buying offer for TAM (it would cost them much more then now). It waited until TAM share price will go down and TAM will be desperate to obtain cash to pursue its project development and also to avoid the future bancrupcy.

9. What has APRL done? – waited. It bought more cheap shares, it gave TAM unsecured loan, and prepared itself for a smooth take over (if we shareholders didn’t exercise the offer – 2:1).

10. Worth to notice: Lee Seng Hui was appointed as TAM Non-Executive Director on 5 March 2008 (TAM share price was in a range $0.110 - 0.105) and he also keeps an Executive Director position in APRL segment. As such he knew exactly well the financial position of TAM and he figured out that there is the opportunity to increase APRL position in Australia’s resource sector (a good asset TAM) - my thoughts

11. I feel, TAM won’t go belly up

Due to the above facts, I bet on TAM because it might be a quite profitable gold company within one- two years. DYOR

NJ