Buy side is starting to build nicely as sellers fall away. We currently have 16M odd units from buyers wanting to buy and 9M odd from sellers wanting to sell, the tables have turned once again, mind you only small volume so far today, one large parcel of 1M gone through. Gold price up to $1152 US
Finance to fund Groundrush gone through I�m not sure if that loan was internal or a secured loan through the banks, I assume it was internal can anyone comment on this, because IMO if its internal it�s all good news looking forward.
Grades have been fantastic across the whole site, infrastructure in place and more available once refurb complete, this will increase process capability up to around 1.5M to 1.6M tonnes a year which is required to get that magical 200K to 300K oz's a year.
I believe that America is heading for trouble regarding inflation and printing money to cover debt will IMO make gold even more attractive as the US dollar value fades.
I believe that TAM have crossed allot of boxes and are currently paving the way with a mindset of looking forward to maximise SH returns it�s just a waiting game before big things happen.
Lastly one issue I see with TAM is the amount of shares registered 3.5B maybe this turns allot of institutions off but a share consolidation plus a great fundamental story backing it up could be a wise move.
Just my own thoughts do your own research
TAM Price at posting:
4.2¢ Sentiment: LT Buy Disclosure: Held
