TAM 0.00% 2.8¢ tanami gold nl

IMO the rains will have a major impact this March Quarter & gold...

  1. 150 Posts.
    IMO the rains will have a major impact this March Quarter & gold extraction likely be at their low end of projection. Even if the mine has an unscheduled shutdown (lack of fuel) and floods, they have cash plus gold stockpile so they have no financial reason to panic (unless of course the rain never stops). The worse case scenario is mining operations are seriously impacted til June (suggest a 40% risk) so if correct expect SP to trade for next few months in the 70's and slowly creep back to the 90's by 3rd quarter.

    My gut feeling is the major shareholders (who control 40% of stock) will be happy to let the SP drift lower to pick up more at bargain prices as short term holders sell out.

    If worse case scenario correct, will make a juicy takeover target (May-June).

    just speculation
 
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