Very good question and yes your correct in your assessment of their financial situation. Biggest problem was they were never able to produce gold at a profit and needed to borrow capital at high rates of interest to fund activities.
ABU is looking to commence production soon, it's possible that some buyers see the potential of a take over at some point IF ABU is able to meet production and cost of production targets. I would love to hear from anyone who thinks TAM will ever recommence production again.
I hold ABU
TAM Price at posting:
2.2¢ Sentiment: None Disclosure: Not Held
