TAM 0.00% 3.7¢ tanami gold nl

what are the negatives

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    For those that don't think this stock is a good investment at the moment could you run through the negatives going against it. It seems to be well priced for a new producer on paper so I'm curious as to what the key drawbacks are.

    Some that I accept are:

    * location
    * risk of transition to underground mining/possible delays in delivery of sandpiper etc. ore in the interim.
    * past delays have put a damper on enthusiasm.

    Positives seem to be:
    * good production at reasonable grades from current pit at the moment
    * decent wad of cash at hand
    * seem to have taken a conservative approach to the underground resource estimate.

    What are peoples thoughts on management etc. and if you've got negative views I'd be interested in it being backed up with sound argument/facts or examples.


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