Given the development of Friday, it's worth revisiting the CONS.
CONS 1. NOW NOT APPLICABLE: Bot selling by possibly chinese investor to suppress the price prior to a Capital Raising. <<< Issue removed 2. HISTORY: Operational issues at Coyote in October (running too lean on spares etc.) impacted on gold production <<< Historical issue. With funds now available I expect that running lean will be put to an end. 3. NOW NOT APPLICABLE: Brokers talking TAM down on pending Capital Raising timing (probably January/February now). <<< Brokers will still reference potential "conversion" of debt as an overhang but this will have to be at a fair rate similar to WAP of share price. 5. ONGOING: Untrustworthy Chinese shareholder and lender in Allied Ltd. <<< Proven. They will do whatever it takes. 6. Challenging operational environment (hot, remote, wet season pending). <<< Ongoing. 7. ONGOING: There are a number of critical milestones to be met to move the company to a 200,000 ounce per annum producer. On the past performance of the previous management team, investors are "once bitten twice shy". <<< All trace of past management have now been removed. Andy, Tony and Peter are more than capable of getting this done.
TAM Price at posting:
53.5¢ Sentiment: ST Buy Disclosure: Held
