Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

69 Pages (Click to Jump) V   1 2 3 4 > »    
 
  
Reply to this topic

TAW, TAWANA RESOURCES NL
blacksheep
post Posted: Sep 28 2018, 11:28 AM
  Quote Post


Posts: 6,217
Thanks: 2204


In Reply To: blacksheep's post @ Sep 27 2018, 11:45 AM

SP up currently 7.5% @ 32.25c - AFR carrying an article - Taxing times could put Galaxy's focus on Tawana - could be a reason

QUOTE
Well-placed sources told Street Talk on Thursday that Galaxy was sitting just below the 5 per cent ownership level on the share register of both Tawana, and the Singapore-listed company that is currently merging with Tawana: Alliance Mineral Assets.




--------------------
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: Sep 27 2018, 11:45 AM
  Quote Post


Posts: 6,217
Thanks: 2204


In Reply To: blacksheep's post @ Sep 26 2018, 10:21 AM

Details of the package. SP up currently 22% @ 30.5c

QUOTE
Tawana Secures Funding Package and Alliance to Pursue ASX Listing
Highlights
• $40 million funding package from a consortium of lenders led by Tribeca
Investment Partners significantly strengthens balance sheet and is expected
to expedite the ASX listing of Alliance Mineral Assets Limited (Alliance):
o $20 million secured debt facility for Tawana (Tawana Facility)
o Additional secured $20 million line of credit for Merged Group
conditional on Merger completion and Alliance receiving conditional
ASX listing approval (Conditional MergeCo Facility)

• The Conditional MergeCo Facility is expected to facilitate the satisfaction of
ASX’s Emphasis of Matter Requirement1
, with both Tawana and Alliance
remaining committed to facilitating an expeditious ASX listing of Alliance
following completion of the Merger.

• The Tawana Facility will fund the proposed fines lithium and tantalum circuit
additions to the existing Dense Media Separation plant (DMS), for which
metallurgy and engineering studies are nearing completion. The additions are
expected to increase the nominal throughput rate from the current 200tph
to 300tph and increase recovery rates.

• Tawana and Alliance Merger remains on track, with Alliance shareholders
overwhelmingly voting in favour of all Merger-related resolutions including
adoption of an ASX compliant constitution.





--------------------
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: Sep 26 2018, 10:21 AM
  Quote Post


Posts: 6,217
Thanks: 2204


In Reply To: blacksheep's post @ Sep 20 2018, 03:18 PM

Saved again smile.gif

Tawana Resources to unveil new backer, secures life on ASX
QUOTE
The funding is expected to mean Tawana can pass a going concern test, as required by ASX listing rules, and that it can continue to trade on the exchange following its merger with Singapore's Alliance Mineral Assets Ltd.


https://www.afr.com/street-talk/tawana-reso...20180925-h15tpb



--------------------
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: Sep 20 2018, 03:18 PM
  Quote Post


Posts: 6,217
Thanks: 2204


In Reply To: blacksheep's post @ Sep 19 2018, 04:54 PM

Saved from a probable sell down this morning by Trading halt - in force til Monday 24 September 2018

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 an announcement
by the Company in relation to finalisation of the company’s proposed debt funding package.


One would have thought management could have timed these anns a little better - one ann at yesterday's close the second at before this morning's open - or maybe they are just buying time with the second one?




--------------------
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: Sep 19 2018, 04:54 PM
  Quote Post


Posts: 6,217
Thanks: 2204


In Reply To: blacksheep's post @ Jun 12 2018, 02:49 PM

QUOTE
Another stock getting beaten down today following release of their their Merger Update ann


I suspect TAW may get beaten down further tomorrow after the release - just before today's market close - of their Merger Update ann
https://www.asx.com.au/asxpdf/20180919/pdf/...gdltgp4t4h6.pdf
Attached thumbnail(s)
Attached Image


 




--------------------
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: Jun 12 2018, 02:49 PM
  Quote Post


Posts: 6,217
Thanks: 2204


Another stock getting beaten down today following release of their their Merger Update ann
QUOTE
Merger Update
Tawana Resources NL (ASX:TAW) (Tawana or the Company) is pleased to provide
the following update on the proposed merger of equals (Merger) between Tawana
and Alliance Mineral Assets Limited (SGX: 40F) (Alliance) as announced on 5 April
2018, whereby, subject to all necessary approvals, Alliance will acquire all of the
issued shares of Tawana for consideration of 1.10 Alliance Shares per Tawana
share (Scheme):

Attached thumbnail(s)
Attached Image


 




--------------------
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: Apr 30 2018, 03:29 PM
  Quote Post


Posts: 6,217
Thanks: 2204


In Reply To: blacksheep's post @ Apr 24 2018, 03:58 PM

Seems TAW has had to "please explain" regarding release of information/photo's on Twitter and Hotcopper - good to see ASX cracking down on this

QUOTE
5. When did the Entity first become aware of each of the Twitter Post and the Hot Copper
Post? In answering this question, please state the date and time that the Entity first became
aware of each social media post.


The Company first became aware of each of the Twitter and the Hot Copper Posts at 3.05pm WST
on Thursday 26 April 2018 when alerted to the posts by the ASX.

6. Please detail the steps taken by the Entity to inform the market once it became aware
of each social media post.


No steps were taken as the Company has already made an announcement relating to the Haulage
Information by the time it became aware of the posts.

7. Does the Entity have any commercial, employment or other relationship with either the
person or persons behind @SmallCaps_asx or SU27? If the answer to this question is “yes”,
please detail the nature and terms of that relationship/s.


The Company is not aware of the identity of this person/s.

8. Does the Entity have any policies and procedures which govern the access to and
distribution or publication (including through social media) of the Entity’s information which
may be material to the price or value of the Entity’s securities by an employee, contractor, or
person otherwise permitted access to the Entity’s sites and/or information? If the answer to
this question is “yes”, please detail those policies and procedures and advise how they are
communicated to all such abovenamed persons.


The Company has a Code of Conduct which is available on the Company’s website which prohibits
the distribution or publication of the Company’s confidential information.

Tawana also has a Continuous Disclosure Policy which is available on the Company’s website
which provides that no Tawana Group employees or consultants are permitted to comment
publicly on matters confidential to the Tawana Group. Any information that is not public must be
treated by Tawana Group employees and consultants as confidential, until publicly released.
Compliance with the Company’s Code of Conduct and the Continuous Disclosure Policy is a
condition of employment for employees.

Contractors on site are subject to confidentiality provisions in their contracts which likewise
prohibit the distribution or publication of the Company’s confidential information. The Company
relies on Contractors to communicate these conditions to their own employees.

9. Does the Entity consider it appropriate that an employee, a contractor, or person
otherwise permitted access to Bald Hill and/or the Entity’s information, capture an image and
publish a social media post about or otherwise distribute information (including the Haulage
Information) which may be material to the price or value of the Entity’s securities before such
information is released to the market by the Entity through MAP?


The Company does not consider this to be appropriate and is currently investigating this matter.




--------------------
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: Apr 24 2018, 03:58 PM
  Quote Post


Posts: 6,217
Thanks: 2204


TAW has commenced haulage of lithium concentrate from Bald Hill SP is up 1.23% @ 41c - market doesn't seem that excited, but then lithium stocks in general have come off the boil recently

QUOTE
Qube has commenced lithium concentrate haulage from Bald Hill for an initial shipment of 3,250t to depart on the
vessel Astra N, which is expected to berth at Esperance on 2 May 2018.

A second larger shipment of Bald Hill concentrate is expected later in May


Attached thumbnail(s)
Attached Image


 




--------------------
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
 
nipper
post Posted: Apr 7 2018, 06:25 PM
  Quote Post


Posts: 6,043
Thanks: 2167


QUOTE
Tawana Resources' $446 million merger of equals with its Singapore partner will make it a more attractive takeover target as corporate interest in lithium is intensifying, says Tawana managing director Mark Calderwood.

Perth-based Tawana yesterday announced a deal in which it would merge with Singapore-listed Alliance Mineral Assets, which will consolidate the ownership of their jointly owned Bald Hill lithium mine in Western Australia. The enlarged entity will have a primary listing on the Singapore Stock Exchange, where it will be the only listed lithium miner, and a secondary listing on the ASX.

Mr Calderwood, who will lead the enlarged group, told The Australian the combination had been in the works for a long time and had come together at a time consolidation across the lithium space was likely to accelerate. "It does make us a cleaner target, but a bigger one too," he said.

Mr Calderwood said he expected corporate activity to pick up in lithium in the coming months. "There are some pretty big hitters that don't have access to lithium and that are keen to get into the sector. I suspect if they get frustrated they will start moving on people," he said. "There's definitely a fair bit of tension, and there aren't many chairs for when the music stops."




--------------------
"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
 
blacksheep
post Posted: Apr 5 2018, 01:10 PM
  Quote Post


Posts: 6,217
Thanks: 2204


In Reply To: blacksheep's post @ Jan 30 2018, 08:18 PM

In a TH - " pending an announcement by the Company in relation to execution of a potential control transaction and capital raising.

AFR article suggests - Street Talk understands Tawana's joint venture partner, Singapore-listed Alliance Mineral Assets Ltd, is seeking to buy the company in a scrip based merger.

Read more: http://www.afr.com/street-talk#ixzz5BlQ8WACN




--------------------
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
 
 


69 Pages (Click to Jump) V   1 2 3 4 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING