Tambourah Metals Ord Shs T.TMB.W

Wk of 11/14 in Review

[Lash99]

The week started off quiet and ended the same way , however the middle of the week was quite interesting. I think with November futures falling off the board and now January the leading contract , we were all surprised when January went up instead of coming down to where lumber was actually trading , that is until we found out what was driving it. Mr . Trump got it going by saying he wanted to renegotiate NAFTA and also the Lumber Duties , then came the positive news regarding housing starts as our partner Dosperros mentioned on another post. This got futures hopping both on Wednesday and Thursday which also got the lumber side going as most mills cleaned up their prompt shipments as well as raised the prices a bit. The duty factor still remains a big issue and the futures seem to be driving market pricing instead of demand. I think we will have the perfect storm the first or second week of December when both the futures being driven by duty issues and actual demand collide. Watch for next week to be fairly quiet as the U.S. celebrates Thanksgiving and the Canadian consumer remains on the sideline because of the unknown that the duty represents. Regarding the financials I was guessing that their earnings would be around the 15-17 million mark but 12 million is also pretty good. The Canadian dollar continues to weeken and there just seems to be so many positives for this company. Thanks to those sharing info. I hope this helps as well. Lash.