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2.8¢ tanami gold nl

Hi FBX. My main issue with TAM, is the litigation with MLX. Very...

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speculator101

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26/02/16

11:11

Post #: 17123756
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Originally posted by fbx258 ↑

Been buying a few under .044 the last few days and have built a nice position.

5.6m cash at bank and approx 2.3m shares in NST @ 4 dollars = 9.2m (ex divi) = 14.8mcash/cash evq.

Will be interesting now ABU is on a roll, if the extend the agreement pastes July 15th. I think they will....even with MLX at the helm.

I am assuming 50k produced min @ ASIC 1000 and POG 1600 (its going higher but ill be conservative) before expenses/tax = 30m profit PA. EPS is .026c and rising... we can get a P/E of 5 = 13c and a 10 p/e 26c price targets.

Is doesnt take into account HIGHER production/ POG / and expansion by TAM into other projects/ More ounces found. Early stage play here for the coming giant moves up in Gold...

Await court date for now.....

Any thoughts from anyone ?

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Hi FBX. My main issue with TAM, is the litigation with MLX. Very much an unknown quantity and until it is cleared up for me, I cannot invest. Who knows, if TAM is found at fault, the settlement could be substantial.

Thoughts?

TAM Price at posting: 4.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 2.8¢		Change 0.000(0.00%)		Mkt cap ! $37.60M

Open	High	Low	Value	Volume
2.8¢	2.8¢	2.8¢	$39.53K	1.411M

Buyers (Bids)

No.	Vol.	Price($)
1	123133	2.8¢

Sellers (Offers)

Price($)	Vol.	No.
2.9¢	500000	1

View Market Depth

No.	Vol.	Price($)
1	321404	0.040
2	202907	0.039
1	33000	0.036
1	50000	0.033
1	20000	0.032

Price($)	Vol.	No.
0.041	706406	1
0.044	23577	1
0.045	24750	1
0.046	215109	1
0.047	198000	3

Last trade - 15.35pm 29/11/2024 (20 minute delay)

TAM (ASX) Chart