Australian (ASX) Stock Market Forum

TAM - Tanami Gold

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can someone explain to me the small amount of trades going through on it


continually going in 130 and 133 trades

i dont hold btw
 
Insider-Monitor

Buy of the Week

Issuer: TAM - Tanami Gold
Insider Name: Denis Waddell (Chairman)
Shares: 200,000
Price: $0.12
Value: $24,132.00
Trade Date: 1 FEB 2008

Source: ASX, 6 FEB 2008
 
Was a bit disapointed that the progress report didnt have a monthly production figure with it today. My guess is the production was down and in light of the view recourses fiasco they didn't want to publish anything that might make the nervous jump ship. The last 3 monthly production reports were very encouraging and the worst does look to be behind them. Cant blame anyone for feeling this way at the moment though with stocks that have had production disappointments (VRE MON). I will still be holding this stock as it looks to have good potential for the longer term. Still well cashed up and no hedging.
 
JP Morgan increased holding by 1% to 7.5

chart shows steady increase in volume but otherwise cr@p like everyone else
to answer agro on low number of share transactions, 37% of shareholding owned by 4 shareholders and three of those four are buying.

happyjack
 
happyjack said:
JP Morgan increased holding by 1% to 7.5

chart shows steady increase in volume but otherwise cr@p like everyone else
to answer agro on low number of share transactions, 37% of shareholding owned by 4 shareholders and three of those four are buying.

happyjack
Click to expand...

Top 5 shareholders (HSBC Ltd, Allied Property Resources Ltd, JP Morgan Ltd, Sun Hung Kai Investment Services Ltd and ANZ Ltd) control about 60% of TAM's shares.
 
Mmmm......what's it going to take to get this one moving?

With around $30 million in cash and gold bullion, zero debt and no hedging.

$500 per oz profit margin at the higher production grades.
 
Uncle Festivus said:
Mmmm......what's it going to take to get this one moving?

With around $30 million in cash and gold bullion, zero debt and no hedging.

$500 per oz profit margin at the higher production grades.
Click to expand...

Uncle, What is the market cap and current PE of these guys?

I am of the opinion that there is simply too many stocks listed for the markets to be efficient, and a majority of price movements come donw to marketing.

I too hold stocks that are in similar situations and yet still falling :confused:
 
prawn_86 said:
Uncle, What is the market cap and current PE of these guys?

I am of the opinion that there is simply too many stocks listed for the markets to be efficient, and a majority of price movements come donw to marketing.

I too hold stocks that are in similar situations and yet still falling :confused:
Click to expand...

Yes, looks like we are back to the bad old days. However, regarding too many stocks, I would like to think that the majors are always on the look out for acquisitions to augment declining reserves, so some consolidation is needed?

TAM looks to have turned a corner with a dramatic decline of YOY loss, and improvements in production, so with the sp close to a 52 week low there might be some re rating, if the fundamentals remain favourable.
 

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I liked the action in TAM today - 2.6mil all at the ask price, and a big clearance at the auction!
 

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Another fall for TAM today, unfortunately the whole market is still a bit shakey. Any good news on the horizon for TAM??
 

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