TAM - Tanami Gold

[johnno261]

Purchased a parcel of these little fella's today. Purchased on the basis a fellow trader with a good track record tipped me into this. I intend to do some research this evening and if all appears good, may pick up another 100k tomorrow.
Can anybody in the know regarding the above, briefly spill off a little about this company? Cheers

 

[johnno261]

mmmmmmm interesting. 70% of its shares are held by the top20 holders. That leaves about 110million shares for the average Joe Blow!!! 500,000ounces p/a with plenty of upside to resource upgrade.Producing in a few months!! Another nibble on the cards tomorrow!!! Liking what I read!!

 

[surelle]

mmmmmmm interesting. 70% of its shares are held by the top20 holders. That leaves about 110million shares for the average Joe Blow!!! 500,000ounces p/a with plenty of upside to resource upgrade.Producing in a few months!! Another nibble on the cards tomorrow!!! Liking what I read!!

sorry for my ignorance, but can one safely assume if the top 20 owns a majority like 70% , that they have incredibly good faith in it's future (short or long)

 

[johnno261]

With the top 20 holders owning 70% of this stock, one would agree that the future looks good!!!

 

[surelle]

so what did your esearch uncover? anything interesting??

 

[johnno261]

so what did your esearch uncover? anything interesting??

The above top 20 shareholders have a 70% stake in TAM. That's interesting.
www.tanami.com.au

 

[stock_man]

TAM today have put a holt on trading pending the release of an anouncement.

Given that over the last 2 months TAM have fairly well held a firm spot in such a volatile market, and they finally extracted their first gold bar, can anyone shed light on the possible future of this stock?

From my research, the oultlook seems very positive (with a possible purchase in place), but was not expecting a trading holt this morning.

 

[ALFguy]

Anyone following this one?

They've finished construction of the treatment plant and expect to start treating their stockpile of 70k tonnes of ore by end of Sept.

Looks like it might be on the way up - watching closely.

 

[Sean K]

Hi Alf, I've been watching, but doesn't look to be on the way up to me. Still decidedly downward I think. Good day today, but the charts not really pretty.

 

[ALFguy]

Could have sworn there wasn't a thread on this! Time for glasses.

Thanks for the chart Kennas, doesn't look that great after all, but def worth watching how it performs over the next few days. Cannot see why it should drop any further with everything I've read on them.

 

[nomore4s]

Hi Kennas,

Are you still watching this stock?
It's got my interest at the moment as they seem to have finally got the treatment plant at Coyote online, and they apparantly have a good stockpile of ore to process but am searching/waiting for more info, any thoughts anyone?

 

[drillinto]

When will full mining recommence at Tanami Gold ?

 

[Sean K]

Hi Kennas,

Are you still watching this stock?

Yep. It's gone down even further. Still doesn't look to have turned, or about to turn, to me.

 

[nomore4s]

Yeah when I posted I thought it may have started to brake out of the downward trend & start moving sideways but I checked the chart again the other day and still looks like its struggling (my T/A isn't very strong).
The Coyote treatment plant isn't fully operational yet, if they can sort out the problems it may be worth looking at in a few months - maybe (they've had a lot of problems).

 

[drillinto]

Coyote Gold Project Update
Announced today by ASX at 12:11:07

It is getting better and better...

 

[drillinto]

Read here the latest news:

http://www.tanami.com.au/Announcements/ASXAnnouncements.aspx

 

[drillinto]

Read here the latest news:

1. http://www.tanami.com.au/Announcements/ASXAnnouncements.aspx

2. http://www.asx.com.au/asx/statistic...rchByCode&releasedDuringCode=W&issuerCode=TAM

 

[drillinto]

When will full mining recommence at Tanami Gold ?

"The Company will continue the treatment of stockpiles until higher grade open pit ore is available following the planned recommencement of mining within the next four to six weeks[about mid-April 2007]"

Source: ASX announcement, 6 March 2007

 

[drillinto]

Recent stock performance

Stock Price (3/9/07): 0.11 AUD

1 week: 0.0%
4 weeks: -21.4%
13 weeks: -21.4%
52 weeks: -40.5%

 

[drillinto]

TAM's Extra Kick is DYL

Deep Yellow Ltd (DYL) is a prominent uranium explorer

TAM holds about 24 million shares (3.3%) of DYL

TAM is one of the 10 largest DYL's shareholders


Source: Deep Yellow Ltd - Annual Report 2006