Tamerlane Ventures Inc. V.TAM

dilutive & poor timing

[elitespooner]

what Happened to the focus .. Pine Point and then Peru ??

Mike Willett, CEO of Tamerlane... "Our objective with the Indian Mountain Lake acquisition is to provide Tamerlane's shareholders with future exposure to both base and precious metals,..."

The Company's immediate focus is bringing the 100%-owned Pine Point Project to production. The Company also plans to develop its Los Pinos heap leach copper project in Peru.

W've already spent millions to prove up the already known historical numbers to appease these financiers as they wanted a larger mine life.

Now were spending millions more on a property that will take years for permitting approvals and bringing to an advanced stage. This doesnt make any sense at this time.

What .... was the group or exploration co. we are buying from working the property? ... let it lapse... who s looking at it?

more dilution.... sic

[blue_sea]

Yes, it's not to believe in some way they are losing their path or target. So this news seems to say that TAM managment doesn't believe that they can bring Pine Point into production, so playing an explorer to stay in the game a little bit longer.   Delay after delay for bringing Pine Point into production because any financing is impossible at these levels of the share price. They

[elitespooner]

Its not just the further dilution that is worrying... We have drawn on credit facilities with the understanding that this debt was to be engulfed into the long term financing of Pine Point. What of the off take agreements? Its bullchit....  

[glory7]

There buying these properties for peanuts in this game and if zinc goes as forecast within the year they could draw value?

[blue_sea]

glory7   no, I doubt that they could draw value of those new aquired properties so fast. Just think about they have to do several drill programms to have at least some accurate figures on the table to market. Actually it's just a waste of time and energy and money. TAM will rise and fall with Pine Point. And I suggest here "fall", because I dread to think what will happen when

[glory7]

Your probably thinking of ROK MOLY. If the price of zinc goes over a dollar things could change very fast but at this price its worth the chance.

[elitespooner]

Obviously we cant afford it ... Focus on getting a mine operating first is the point Im trying to make. Peanuts.... were drawing on a credit facility, we havent got revenue !! This facility was to be used on the Pine Point property. When Revenue is received, then take a look the "so-called" shareholder interest.. You imply that zinc prices are recovering .... thats great... let the Pine

[LoserLoserLoser]

Do they have debt or what? How much cash Tam have at the moment?

[elitespooner]

Read the recent financials. The annual report should be coming out shortly. Other than that, call the co.!