Next to no progress on their main project since the agreement with NST was made. In the meantime they are bleeding money at over $3m per year. At the rate the cash is disappearing they are going to need a top up in about 2.5 years or get taken out by NST for a few cents.
I wonder if NST is deliberately dragging the chain on this project? NST have almost $400m in cash so its not due to a shortage of funds. I think they are doing minimal activity to depress TAM's share price. As far as I know tThe TAM/NST deal does not specify a timelines for the project.
Good luck all. I sold out of TAM around 6 months ago, but keep an eye on it.
loki
Ann: Quarterly Activities Report & Appendix 5B, page-2
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2.8¢ |
Change
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Mkt cap ! $37.60M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 2.9¢ | 2.8¢ | $40.13K | 1.422M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1052557 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 500000 | 1 |
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| TAM (ASX) Chart |
