Tamerlane Ventures Inc. V.TAM

news

[glory7]

Tamerlane fails to make $106,000 interest payment ?

[blue_sea]

That all makes me pondering. So they've started to aquire the rights for a new project at Indian Mountain Lake and then put money for exploration there ... but after that now they cannot finance the interest payment for Pine Point, their main project? Does that make any sense? The decicions of the management are beyond explanation for many shareholders. They should release a statement at which

[GenuineTalk]

I read the NR again and again and I don't see any mentioning of "failed to do the payment" they said "didn't make a payment" and negotiating the terms of an extention so the extention idea seems to be accepted by the financing party. Or everyone can interpret this the way they want....

[glory7]

Then go to Stockwatch and read it.

[GenuineTalk]

That's the only place where I can read it.

[CalifDreaming]

Nice spin.  Only in an alternate universe is not making a payment while in discussions with the lender a positive development, lol. The failure to pay the interest payment is the least of TAM's worries - where are they gonna get the cash to repay the loan next month?  Oh, that's right, they are in "negotiations" - and not paying the interest means the negotiations are