midlifecrisis pretty much had it spot on with his post on the...

midlifecrisis pretty much had it spot on with his post on the other thread...

midlifecrisis
Post #: 5534073
Price at time of posting: 2.7c
In Reply to msg: #5530389
IP: 122.106.xxx.xxx
Sentiment: None
Disclosure: No Stock Held
Views: 95


Of course it will go to below 2.7c. You must be joking if you think otherwise.

Theoretical ex rights price (TERP) is around 2.05c so it will open around 2c ex-rights on Tuesday.

Some support at .022 but very early days with low volume and this could head sub .02, just depends how many sell to take part in the Rights issue. Conversely TAM will be in a much stronger position with their balance sheet and an aggresive drill program to what is historically a rich gold resource area. If buyers keep snapping it up at .022 consistently then it may say a lot for TAM's current position, needs volume though. Might be a bit of a tug-o-war and some volatility until the RI trading is over.

Nobody selling their rights (TAMR) yet although the bids are ridiculous at the moment, it has gone from .002 to .003 as I write this but you'd be a mug to sell at those levels.