Tambourah Metals Ltd T.TMB.W

Primary Symbol: TMBMF

Metals & Mining Gold

Tambourah Metals Ltd is exploring gold and clean energy metals and has a portfolio of strategically located advanced gold projects. The Company’s Tambourah Project is located about 85 kilometers (km) southwest of Marble Bar in the East Pilbara district of Western Australia. The Tambourah Project covers an area of approximately 1520 hectares (ha) and comprises an exploration license (E 45/4597), and four prospecting licenses (P 45/2868-I, P 45/2869-I, P 45/2870-I, P 45/2871-I). Its Cheela gold project is approximately 50 km west of Paraburdoo in the Ashburton district and covers approximately 70 km of the west-northwest trending Nanjilgardy Fault. The Russian Jack Project is located about 15 km southwest of Nullagine. Its Nullagine Project is located about 11 km east of Nullagine. Its TMB Nullagine project is located about 11 km from the town of Nullagine. The Company’s other projects include Shaw River, Tambourah North, WH Sth, and Achilles Ni-PGE-Cu project, among others.

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Tambourah Metals Ltd > With a cool head

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Comment by modulexon May 28, 2017 10:56am

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Post# 26293362

RE:RE:RE:RE:RE:RE:With a cool head

it is most likely the case as stated farmerinvestor4 that the buyer has been already accumulating TMB shares prior to the announcement. there is however a $200M cushion, in other words RYAM is buying TMB at a discount. A fair offer would be between $5-$6/share. When taking into account TMB's $1.2 US billion dollars revenues, you minus the debt of approximately $485M U.S, $4.05 CAN/share is not adequate. RYAM is getting TMB for fairly cheap, given the CAN $ low currency.

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