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Buy volume is defined as the volume that occurred at the offer/ask
Sell volume is the volume that occurred at the bid
The difference between the two values(Buy volume minus Sell volume) is referred to the "delta" and can be a good indicator of buying or selling pressure. For example, this morning TAM was under selling pressure and the reason could have been the publication last friday of the 2006 Consolidated Interim Financial Report
Volume can optionally be broken down by "Big vs Small" trade volumes or "Up vs Down Tick" volumes (as opposed to Buy vs Sell volumes). However, "Buy vs Sell volumes" is the most common choice and generaly regarded as the most informative
Any decent Bank/Broker should be able to provide this information on request
drillinto, you are going to need to be far more specific.
The last announcement by TAM was on March 16th. Can you please provide a specific reference to where the company stated they had "turned the corner" and why shareholders should expect a "happy ending come December".
These references must come directly from a recent company announcement.
The most important recent announcement by TAM is from March 6th:
http://www.asx.com.au/asx/statistic...am&timeFrameSearchType=D&releasedDuringCode=M
In this announcement TAM states clearly that "Performance of the treatment plant has improved markedly and the Project is currently achieving +90% gold recovery from the treatment of low grade stockpiles"
The summary of the announcement further indicates that "The planned staged development of the Project over the next four to six months will enable the Company to mine parcels of ore from the open pits which will assist in tonnes and grade reconciliation and in achieving a much higher level of confidence in the geological and structural controls on mineralisation. This increased knowledge will be important in finalising the design of the underground plan to ensure optimal access to the high grade underground ore (+12g/t Au) which is the key to the success of the Project"
One final statement by TAM is pertinent indeed: "The Company remains debt free and has no gold hedging in place"
TAM has turned the corner in the Tanami-Arunta province
TAM is on schedule with the plans to recommence mining by mid-April 2007
Bottom line: Better times for TAM are coming... slowly but steady
On the chart it still looks like it might have found a bottom, but your analysis doesn't quite scan. Can you add some more explanation? Cheers.
Thank you for your enlightening comment, Kennas
I am not at all worried if you can't read in between the lines. You are just one of the 7,593 members of the ASF. That's only 0.01317%
The TAM announcement was published March 6, 2007. I doubt you have read it with a minimum of attention. I disagree with you a hundred per cent: a) It is not old; b) It is still a very pertinent read indeed
I entirely disagree with your tunnel vision definition of ramping. I see it otherwise: Stock ramping is a form of price manipulation, and occurs when some market participants act simultaneously to push up a stock price. Further, stock ramping TAM is possible but it would get nowhere. Why? Because the top 20 shareholders control more than 60% of the Ordinary Fully Paid 20 cent shares. Those large shareholders are all long-term(5+ years) and have shown unwavering loyalty to Management during the very difficult second half of 2006.
Valuation of TAM's Extra Kick:
a) DYL recent close price was 41.5 cps
b) TAM holds about 24 million shares of DYL
c) a x b= A$ 9,960,000
d) c : 695M TAM shares= 1.4382 cps
Bottom line: TAM's Extra Kick is worth 1.4382 cps!
Sources:
www.asx.com.au
Deep Yellow Ltd - Annual Report 2006 (electronic edition)
Tanami Gold NL - Annual Report 2006 (hard copy)
Kennas: It seems that you might have misread my post. You should have known that a steam locomotive, even the smallest ones [http://www.pnc.com.au/~wallison/getram.jpg], can gather steam while being at standstill. I have spoken of "gathering steam" and not of gathering speed as your comments appear to imply...
Thank you.
TAM - Tanami Gold
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doctorj
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What's the difference between sell volume and buy volume? A trade is both a buy and a sell...
doctorj said:
Buy volume is defined as the volume that occurred at the offer/ask
Sell volume is the volume that occurred at the bid
The difference between the two values(Buy volume minus Sell volume) is referred to the "delta" and can be a good indicator of buying or selling pressure. For example, this morning TAM was under selling pressure and the reason could have been the publication last friday of the 2006 Consolidated Interim Financial Report
Volume can optionally be broken down by "Big vs Small" trade volumes or "Up vs Down Tick" volumes (as opposed to Buy vs Sell volumes). However, "Buy vs Sell volumes" is the most common choice and generaly regarded as the most informative
Any decent Bank/Broker should be able to provide this information on request
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.........Global.................Mkt.....Production...Debt
........Resources.............Cap......(Koz/yr).....($m)
GLN.....1.0 .(@2.5g/t)....$38m*......56..........6.8
TAM....0.57 (@4.7g/t)....$80m**....70..........0.0
Of the two, GLN seems to have more near-mine exploration potential, but the higher grade of TAM's orebody is an important plus. Both companies are in production now and both have had commissioning problems although TAM's were an order of magnitude greater (basically they had to rebuild a large part of the plant). I notice that both use(d) Bemex as a mining contractor. TAM have terminated Bemex's contract in Dec 06.
*GLN.. 136m shares @ 23.0c
**TAM 695m shares @ 11.5c
........Resources.............Cap......(Koz/yr).....($m)
GLN.....1.0 .(@2.5g/t)....$38m*......56..........6.8
TAM....0.57 (@4.7g/t)....$80m**....70..........0.0
Of the two, GLN seems to have more near-mine exploration potential, but the higher grade of TAM's orebody is an important plus. Both companies are in production now and both have had commissioning problems although TAM's were an order of magnitude greater (basically they had to rebuild a large part of the plant). I notice that both use(d) Bemex as a mining contractor. TAM have terminated Bemex's contract in Dec 06.
*GLN.. 136m shares @ 23.0c
**TAM 695m shares @ 11.5c
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drillinto said:
drillinto, you are going to need to be far more specific.
The last announcement by TAM was on March 16th. Can you please provide a specific reference to where the company stated they had "turned the corner" and why shareholders should expect a "happy ending come December".
These references must come directly from a recent company announcement.
Joe Blow said:
The most important recent announcement by TAM is from March 6th:
http://www.asx.com.au/asx/statistic...am&timeFrameSearchType=D&releasedDuringCode=M
In this announcement TAM states clearly that "Performance of the treatment plant has improved markedly and the Project is currently achieving +90% gold recovery from the treatment of low grade stockpiles"
The summary of the announcement further indicates that "The planned staged development of the Project over the next four to six months will enable the Company to mine parcels of ore from the open pits which will assist in tonnes and grade reconciliation and in achieving a much higher level of confidence in the geological and structural controls on mineralisation. This increased knowledge will be important in finalising the design of the underground plan to ensure optimal access to the high grade underground ore (+12g/t Au) which is the key to the success of the Project"
One final statement by TAM is pertinent indeed: "The Company remains debt free and has no gold hedging in place"
TAM has turned the corner in the Tanami-Arunta province
TAM is on schedule with the plans to recommence mining by mid-April 2007
Bottom line: Better times for TAM are coming... slowly but steady
TAM: Trading Summary For This Week
Trades: 178
Volume: 12,083,736 shares
Daily average: 2,416,747 shares
Three month average: 1,384,870 shares
High: 0.1250
Low: 0.1150
Last price: 0.1150
Bottom line: TAM is gathering steam to tackle 0.1300
Trades: 178
Volume: 12,083,736 shares
Daily average: 2,416,747 shares
Three month average: 1,384,870 shares
High: 0.1250
Low: 0.1150
Last price: 0.1150
Bottom line: TAM is gathering steam to tackle 0.1300
Sean K
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Clutching at straws there Drill. Low price .115, last price .115 and it's gathering steam? Hmmmm.
On the chart it still looks like it might have found a bottom, but your analysis doesn't quite scan. Can you add some more explanation? Cheers.
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I think this will trade sideways until the next quarterly report. The quarterly is due by the end of April and most will be waiting for confirmation that mining operations will actually meet the forecasts before jumping back in. Recently too many of these small gold miners have failed to get anywhere near the production targets despite repeated assurances from management.
However, if the quarterly is positive and points to production targets being met, there is a good chance of some strong gains.
I am not currently holding, but it remains on my watchlist.
However, if the quarterly is positive and points to production targets being met, there is a good chance of some strong gains.
I am not currently holding, but it remains on my watchlist.
Sean K
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I don't read anything between the lines. This is old news. Stop ramping this stock.
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l remember going for the offical opening of this mine. The shares were 20cents or so at the time (2006). l was going to buy some shares, as l had actually seen the mine site with my own eyes. Everything look on the up and up, then there were problems at the plant and correction time came in May last year.
Interesting to see what happens now. TAM Gold is a few mines in the Tanamine Desert, border of WA and NT.
Got to see the attorney general, has his own private plane ofcourse.
Interesting to see what happens now. TAM Gold is a few mines in the Tanamine Desert, border of WA and NT.
Got to see the attorney general, has his own private plane ofcourse.
Thank you for your enlightening comment, Kennas
I am not at all worried if you can't read in between the lines. You are just one of the 7,593 members of the ASF. That's only 0.01317%
The TAM announcement was published March 6, 2007. I doubt you have read it with a minimum of attention. I disagree with you a hundred per cent: a) It is not old; b) It is still a very pertinent read indeed
I entirely disagree with your tunnel vision definition of ramping. I see it otherwise: Stock ramping is a form of price manipulation, and occurs when some market participants act simultaneously to push up a stock price. Further, stock ramping TAM is possible but it would get nowhere. Why? Because the top 20 shareholders control more than 60% of the Ordinary Fully Paid 20 cent shares. Those large shareholders are all long-term(5+ years) and have shown unwavering loyalty to Management during the very difficult second half of 2006.
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drillinto
kennas is right.
The announcement provides no solid evidence that TAM will meet production targets. There are just further assurances from management that they believe the problems are solved. The same management that appointed Bemax as mining contractors and the same management that thought the original mill design was suitable. They made mistakes and now need to prove they have it right. Proof in the form of higher ore processing, increased grades and higher recovery rates.
This proof may come in the third quarterly in April, but it may also not come until the fourth quarterly in July.
Until then people will be wary in the light of the many small gold miners that have failed to achieve a profitable mine such as BMO, BDG etc
We all read the announcement back when it came out and the information wont get any better just because you keep requoting it.
If you bought higher and are carrying a loss, just be patient. If you are looking for a quick profit, sell this and buy something else.
kennas is right.
The announcement provides no solid evidence that TAM will meet production targets. There are just further assurances from management that they believe the problems are solved. The same management that appointed Bemax as mining contractors and the same management that thought the original mill design was suitable. They made mistakes and now need to prove they have it right. Proof in the form of higher ore processing, increased grades and higher recovery rates.
This proof may come in the third quarterly in April, but it may also not come until the fourth quarterly in July.
Until then people will be wary in the light of the many small gold miners that have failed to achieve a profitable mine such as BMO, BDG etc
We all read the announcement back when it came out and the information wont get any better just because you keep requoting it.
If you bought higher and are carrying a loss, just be patient. If you are looking for a quick profit, sell this and buy something else.
Valuation of TAM's Extra Kick:
a) DYL recent close price was 41.5 cps
b) TAM holds about 24 million shares of DYL
c) a x b= A$ 9,960,000
d) c : 695M TAM shares= 1.4382 cps
Bottom line: TAM's Extra Kick is worth 1.4382 cps!
Sources:
www.asx.com.au
Deep Yellow Ltd - Annual Report 2006 (electronic edition)
Tanami Gold NL - Annual Report 2006 (hard copy)
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Everyone must have seen your post Drillinto
Cheers
Cheers
Kennas: It seems that you might have misread my post. You should have known that a steam locomotive, even the smallest ones [http://www.pnc.com.au/~wallison/getram.jpg], can gather steam while being at standstill. I have spoken of "gathering steam" and not of gathering speed as your comments appear to imply...
Thank you.
Good rise on excellent vol, ann was quite positive but there is alot of resistance on the chart as marked and will need a bit of momentum to get it through, getting past 14 & 15c maybe difficult, but it may do it as alot of people may see this as undervalued at current price?
I'm not sure and don't know if I willing to part with hard earned yet.
I'm not sure and don't know if I willing to part with hard earned yet.