TAM - Tanami Gold

TAM: Coyote Gold Project

http://www.tanami.com.au/images/documents/20080521_ASX_CoyoteHighgradeGonzalesLode.pdf

Tanami Gold director buys on-market


Source: News Bites / www.businessspectator.com.au / 22 May 2008

Tanami Gold NL director Denis Waddell indirectly bought 500,000 shares worth $41,226 on-market on May 21, 2008.

He holds 13,500,000 shares and and 15,000,000 options.

[Denis Waddell is TOP10 shareholder]

Broker Review on Tanami Gold

http://www.tanami.com.au/images/documents/Hartleys_TAM_20080521_BUN.pdf

Source: Our Man in Oz [www.minesite.com]
21 June 08

Other gold moves included Alkane (ALK), which rose A4 cents after releasing an excellent set of assays from its Tomingley project. Mundo (MUN) rose A3 cents to A63 cents after announcing its maiden gold pour at a new South American mine, while Tanami (TAM) benefited from a modest return of investor interest with a rise of just under a cent to A7.9 cents. Centamin Egypt (CNT) was also up, adding A4.5 cents to close at A$1.24

Lots of referencing here dillinto. You must know the company quite well.

What's your analysis on them and their value? kennas

kennas said:

Lots of referencing here drillinto. You must know the company quite well.

What's your analysis on them and their value? kennas

Click to expand...

I trust this recent broker report on TAM will also interest you:
http://www.tanami.com.au/images/documents/Hartleys_TAM_20080521_BUN.pdf

I have long believed that TAM sp was being manipulated.
Too many days seem to suggest that the sp is deliberately
sold down in huge quantities.
Whilst it is comforting that Dennis Waddell is a regular
buyer, the enormous number of shares that remain to be
'played' with seems to suggest TAM will be pushed down
further.
I hold.

tam shares have hit rock bottom...
Looks like it could b time for a turn around????
what r ur guys suggestions??

whats the upside/downside of the company????

Looking promising when you see directors buyin shares in their own company - they must know somethin we dont!!!

Yeah, but Dennis Waddell's been buying since the 10c level! Doesn't mean they aren't good value of course; the baby's going out with the bathwater at the moment.

Tanami goin up by 10%
Looks like there could b a rally to push it up just a lil further to break 2.5c
Hopefully we see America having a good trade today to give us a bit of a boost..

Trading halt pending an announcement regarding capital raising on Monday... I wonder what that will bring? Does it normally bode well or badly for the share price? If they are doing an additional share release then I think badly...

well if you look at the current bid offer its at 3c!!!! thats up 1c.

And the current top 10 buyer to seller ratio is looking quite promising.
32 buyers for 5,590,001 units 33 sellers for 2,968,934 units

I think we could see a jump in the share price..
hopefully!

sure, but 2 million shares on the buy side are offering 0.5c or less. Don't just look at the width, feel the quality!

Market Depth
52 Week

BUY

Number Quantity Price
3 160,000 0.030
1 100,000 0.025
3 215,000 0.022
1 25,000 0.021
4 426,000 0.020
4 291,000 0.019
1 30,000 0.018
1 30,000 0.017
2 263,000 0.016
5 1,600,000 0.015


SELL
Number Quantity Price
1 50,000 0.021
2 250,000 0.022
1 152,000 0.024
2 293,000 0.025
2 180,000 0.030
1 300,000 0.032
1 22,000 0.035
2 284,000 0.038
2 421,813 0.039
2 163,200 0.041

32 buyers for 5,590,001 units 33 sellers for 2,968,934 units

The share price of TAM has slipped of late, but it might be worth a trade over coming days as we have an 2:1 Share Entitlement Issue.

Holders of TAM shares are elegible before 30th of Sept.

psychic said:

The share price of TAM has slipped of late, but it might be worth a trade over coming days as we have an 2:1 Share Entitlement Issue.

Holders of TAM shares are elegible before 30th of Sept.

Click to expand...

TAM shares went Ex-rights yesterday. Anyone buying TAM today will not get the rights to the 2:1 offer. However the rights are renouncable, meaning that the rights can be traded. The new code for trading the rights is TAMR and anyone can buy and sell these just like normal shares up to 13 October when trading of rights ends. Anyone buying the rights (TAMR) will have the right to take up the 2:1 offfer at 0.5c until 20 October 2008. If the rights are not taken up by 20 Oct, they expire worthless.

The rights have been trading at 0.4c today, so if you can pick them up at this price there is a premium as the heads are trading at 1.2c. But buyers need to be aware of the risks also, the price of the heads could fall back to the issue price of 0.5c prior to the offer closing on 20 Oct. This has happened on many stocks in the last 6 months.

Not holding.

October 15, 2008

Tanami Gold Goes For The High Grade.
Rob Davies >> www.minesite.com/aus.html

Tanami Gold has had a chequered history in its short life as a producer after it encountered major recovery problems when it started up. Those issues are behind it now and new managing director Graeme Sloan is focussed on getting his hands on super high grade ore to feed what is now a very hungry conventional CIP plant. Tanami is just in the final stages of raising A$11.5million that will eliminate its debt and gives it the working capital to drive underground to access the 275,000 tonnes of ore that has a grade of 13 g/t. The plant has the capacity to process 250,000 tonnes a year so that material won’t last long, not that it will all be processed at once.
The overall grade for the three million tonnes of resource is 4.8 g/t and putting a blend of those two feeds through the mill ought to produce 50 to 60,000 ounces a year. However, if enough higher grade ore can be sourced that output could be more than doubled. Graeme and his team certainly have enough mobile equipment to do that. Moreover, two bulk sample tests of 3,500 and 4,500 tonnes respectively demonstrated recoveries of 97 per cent and delivered grades of 9.1 g/t. So they know they can get the gold out now.

Clearly the priority is to access the orebody and the underground development is making good progress. Even so it won’t be reached until early in the New Year. The decision to mine by cut and fill rather than long hole stoping has already been taken to give better grade control. An important issue when each tonne is worth about US$200. You don’t want to leave any of that behind and you want to minimise the dilution from waste material. Beyond that Graeme is optimistic of proving up another body 50 or 60 metres below the first which has already yielded excellent grades of up to 100 g/t over short drill intersections. Indeed, the investment thesis for the mine is that there are a whole series of multiple stacked systems. So far, he says, the trends look good.

The Coyote mine must hold some kind of record for its remote location on the border between Western Australia and the Northern Territory. Nevertheless, Graeme feels the area is very prospective and is delighted to be holding several thousand square kilometres of it. He says the region has produced about 10 million ounces already and he is obviously hoping to make a substantial addition to that. Currently capitalised at A$30 million and with no debt or hedging in place Tanami offers about as pure a play on gold as anyone could want. Everything is built and in place, the process works and the gold is there. All that needs to happen now is for mining to start, gold to be produced and profits to be made. After its earlier false start things look as if they are starting to come right for Tanami now.

Open Briefing : Tanami. Increasing Ore Production at Coyote

http://www.tanami.com.au/images/documents/20081216_IncreasingOreProductionatCoyote.pdf

I cant believe how quiet this thread has been lately. We have had gains of 10%, 18.18% 23.08% and 9.37% over the last 4 trading days it its still very heavily stacked with buyers so should see some more gains yet to come.

This stock has continued to gain since my last post around another 33% but this thread is still very quiet is there anyone else here holding this or recently bought? I bought my first parcel of this at 2.2 cents and adding to this as I go.