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TAW, TAWANA RESOURCES NL
blacksheep
post Posted: Jan 30 2018, 08:18 PM
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In Reply To: blacksheep's post @ Jan 25 2018, 06:23 PM

Clarification of announcement
QUOTE
Tawana Resources NL (TAW:ASX) (“Tawana”) and Alliance Mineral Assets Limited
(SGX: 40F) (“AMAL”) referto the announcement titled “Bald Hill Tantalum Offtake
Term Sheet Executed”
released on 25 January 2018.

Tawana and AMAL wish to clarify that the non-binding, in principle term sheet for
the offtake of tantalum concentrate, was executed with entities within the
HC Starck Group
, a leading tantalum industry specialist, for production from the
Bald Hill Lithium and Tantalum Mine.

About HC Starck
H.C. Starck is a leading international manufacturer of high-tech powders and
components made of technology metals, advanced ceramics and thermal spray
powders. The company serves electronics, chemicals, automotive, medical
technology, aerospace, energy technology, and environmental technology
industries, as well as engineering companies and tool manufacturers in the United
States, Canada, the United Kingdom, Germany, China, Thailand, Vietnam, and
Japan. The company was founded in 1920 and is based in Munich, Germany with
production facilities in Europe, North America, and Asia

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jan 25 2018, 06:23 PM
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In Reply To: blacksheep's post @ Jan 25 2018, 12:18 PM

This is the article I posted elsewhere some time ago regarding the requirement to disclose the Identity of the "other party" - whilst it mentions MOU's, the same should apply to binding off take agreements. Seems some listed companies still don't get the message

QUOTE
Listed companies – think twice before announcing a Memorandum of Understanding ("MOU")

What does ASX expect an announcement to include?
ASX has advised that it considers that if a transaction is sufficiently material to warrant disclosure under Listing Rule 3.1, the identity of the other party or parties will generally itself be material information that must be disclosed under that rule. Such information is required by investors and their professional advisors to understand the ramifications of the transaction and assess its impact on the price or value of the company’s securities.

What will ASX do if a counterparty is not named?
According to ASX, it has recently identified a number of instances where listed companies have announced a material transaction without disclosing the identity of the other party or parties to the transaction. The transactions have included binding and non-binding terms sheets or MOUs for acquisitions or disposals of assets, off-take agreements, distribution agreements, strategic investments and financing arrangements.

ASX has said if it finds instances where a listed company has not disclosed an appropriate level of information about the other party or parties to a material transaction, ASX will not hesitate to suspend trading in the company’s securities until the information has been released to the market.


http://www.cowellclarke.com.au/news/listed...derstanding-mou



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jan 25 2018, 12:18 PM
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Posts: 6,791
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In Reply To: blacksheep's post @ Jan 24 2018, 10:21 PM

This mornings ann - Term Sheet Executed for Bald Hill Tantalum Offtake - gave no details of with whom. I think it is now a requirement of ASIC if you announce OTA you must identify with whom. TAW now in a TH pending that disclosure

QUOTE
In accordance with listing rule 17.1, Tawana Resources NL (ASX:TAW) requests a
trading halt to be placed on the Company’s securities pending disclosure of the
identity of a party to the tantalum offtake term sheet.




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jan 24 2018, 10:21 PM
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Some stong buying at the end of trading today - a couple of largish trades went thru @ 50c after the market close. Overall SP up 5.26% for the day.
4:10:19 pm 50 300,000 $150,000
4:10:19 pm 50 250,000 $125,000
From 12 January Bald Hill progress report
QUOTE
Tawana’s Managing Director Mark Calderwood said “The transformation on site since
our last update on 28 November has been amazing, with construction pushing through
the Christmas period. We are now entering the home straight with commissioning
expected to commence within two months.”

Short positions increased recently - no doubt part of the recent SQM supply issue
https://www.shortman.com.au/stock?q=taw


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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
bg99
post Posted: Jan 12 2018, 08:46 AM
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In Reply To: bg99's post @ Dec 23 2017, 07:43 AM

Looks like progress being made and production not far off

https://newswire.iguana2.com/af5f4d73c1a54a...on_this_Quarter

 
bg99
post Posted: Dec 23 2017, 07:43 AM
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In Reply To: arty's post @ Dec 22 2017, 04:21 PM

Agree !

 

sentifi.com

Share Cafe Sentifi Top themes and market attention on:


arty
post Posted: Dec 22 2017, 04:21 PM
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In Reply To: bg99's post @ Dec 22 2017, 03:26 PM

... and after a pullback to Fib 61.8% at that. Let's find room for it in our portfolio next week tongue.gif

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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
bg99
post Posted: Dec 22 2017, 03:26 PM
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In Reply To: arty's post @ Nov 20 2017, 11:59 AM

Didnt quite do it on that day Arty, but today I say True.... big volume to boot I

 
arty
post Posted: Nov 20 2017, 11:59 AM
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Breakout? True or False break?

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For now, I trust the pattern and continue to hold.



--------------------
I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
nipper
post Posted: Oct 20 2017, 10:10 AM
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QUOTE
China's Jiangxi Special Electric Motor Co Ltd said on Thursday it planned to buy stake in an Australian lithium mining and exploration company, the latest electric vehicle company to scoop up supplies of raw materials.

Jiangxi, which makes electric vehicles and lithium batteries, said its German division had agreed to pay A$20 million ($15.72 million) for an 11.45-percent stake in Tawana Resources NL.

Tawana has a 50-percent interest in the Bald Hill lithium and tantalum mine in Western Australia, which is expected to ship its first lithium concentrate shipment in March 2018, it said.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: blacksheep  early birds  
 
 


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