Hi You still buying at these levels, pretty quiet in here Bought...

First 8 Last

Share
Profile

Follow
rookstar

1,450 Posts.

27

06/07/17

18:23

Post #: 25711845
Share

Originally posted by Pbnewby ↑

Hello loki - I still buy TAM on the lows when I'm able - 12 hour shifts

This came from the update dated 7/6/16

"...The Central Tanami Project is part of an ongoing JV with Northern Star Resources (Tanami Gold NL 75%; Northern Star Resources 25%) in which Northern Star Resources can earn a 60% interest by bringing the project into commercial production by 2018. The exact terms and conditions of the earn-in and the JV Agreement have previously been announced. Gerard McMahon Chairman.."

https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvFDZpiwm1v1COseht/tJNT7rJHYsSXBVkNVHhlFA=

I think this 2018 date has been calculated by going back to the HOA dated 26 Feb 2015 and adding 3 years:

The HOA comprises the following key terms:
1. NST will, at Completion, acquire a 25% interest in the CTP for A$20 million, comprising a A$11 million cash payment and the issue of 4,290,228 NST fully paid ordinary shares (NST Shares), which have a value of A$9 million based on their 5 day volume weighted average price (VWAP) prior to announcement.

2. Upon acquiring this interest, an unincorporated JV between NST and Tanami will be formed and NST will become the manager of the JV.

3. NST will then earn a further 35% (for a total JV interest of 60%) by sole funding all expenditure and costs required to bring the project back into commercial production, which shall be achieved once the CTP process plant has been refurbished and is operated for a 30 day period or has produced 5,000 ounces of gold (Commercial Production).

4. NST will grant Tanami two put options to sell all its remaining interests in the CTP (together the NST Put Options):
a. the first put option will grant Tanami the right to sell 15% of CTP for A$20 million in cash or NST shares (valued at the 5 day VWAP prior to exercise) at Tanami’s election, at any time up to the earlier of 30 calendar days following achievement of Commercial Production or three years after completion of this acquisition of the initial 25% interest in the CTP (Completion). If Commercial Production is achieved more than three years after Completion, Tanami may exercise this option at any time up to 30 calendar days following achievement of Commercial Production; and
b. the second put option will grant Tanami the right to sell 25% of CTP for A$32 million in cash or NST shares (valued at the 5 day VWAP prior to exercise) at Tanami’s election at any time up to six calendar months after the achievement of Commercial Production.

Expand

Hi
You still buying at these levels, pretty quiet in here
Bought in today the was weird trading like it was being pushed to .049

TAM Price at posting: 4.9¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Chaos reigns markets – so let's take stock of where we're at ahead of December

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 18 more messages in this thread...

First 8 Last

Add TAM (ASX) to my watchlist

(20min delay)
Last 2.8¢		Change 0.000(0.00%)		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

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 - 12.13pm 28/11/2024 (20 minute delay)

TAM (ASX) Chart

Hi You still buying at these levels, pretty quiet in here Bought...

Top Stories

Chaos reigns markets – so let's take stock of where we're at ahead of December

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Buyers (Bids)

Sellers (Offers)