what he was trying to say was, page-19

CUB as i've stated i haven't lost on TAM, that is still the case. timing is everything, luckily for me i've got it right on TAM to date. I'm still waiting on the sidelines and when an opportunity presents i may well take another position but for now the markets aren't making me feel all that warm and fuzy ;)


as for finacials they wont be great, how can they be when TAM is hardly producing and has recently spent up on infrastructure? we've read the warnings coming out of the recent asx ann stating they are still turning that corner.

however all that said i'm still not of the belief that it will sink just yet, sure aint steady but i dont believe the end is nigh as others may wish. The only reservation i have here would be the gold price movements, they could in effect cripple TAM but again i am of the belief they'll be the better side of $1000oz by years end. On a company level i think there is still upside in these tenements. time will tell if TAM get the goods but i still think theres plenty of gold to be found yet. Also i dont discredit the chinese whispers.