| Latest Forum Topics / Alita Resources Last:0.078 -- |
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alliance mineral resources move up
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risktaker
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27-Apr-2017 09:40
Yells: "Posts are opinions. Do not take it as investment advise " |
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maybe dont disappoint the share holder here lol.... Maybe only the lithium offtake only... later all the hype everyone disappointed... I think the lithuim offtake will be announce after the lifting of trading halt....  
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EmmGru
Veteran |
27-Apr-2017 09:39
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No lah, think confirmed Mark Calderwood is in charge. AMAL is owner, Tawana is the operator. Think Mark Calderwood got very good reputation in Australia, some people on hotcopper bought Tawana once he appointed CEO and attributed the entire success so far to him. But the AMAL CEO is also mining veteran, born into mining family. And he found the lithium in the first place...
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timothylim890
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27-Apr-2017 09:35
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Interesting how we thought Mark Calderwood was in charge, but now AMAL seems to have the upper hand for the time being.
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EmmGru
Veteran |
27-Apr-2017 09:33
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Agree, otherwise why AMAL still haven' t start trading rite. The CEO tell Straits times instead of SGX.... hahahahaha
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timothylim890
Veteran |
27-Apr-2017 09:32
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Makes sense, TAW' s CR is to pay for works to bring production online. Also, Indeed Burwill placed the liability for the offtake agreement on TAW/Lithco and not AMAL. TAW' s shareholders would not be very pleased with that. However, TAW now has additional backing fron institutional investors who bought in at 25c, clearly those investors expect a ROI in the not-too-distant future.
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amlithiumpower
Senior |
27-Apr-2017 09:29
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Tawana raise capital, AM did not. Please do not link them together. Ha... CEO already said he' s talking to Mitsubishi now. Prepare for a surprise agreement soon.
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tankookoo
Master |
27-Apr-2017 09:27
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Might not cheong, look at Tawana, trade down instead...  
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EmmGru
Veteran |
27-Apr-2017 09:26
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Tawana last traded 25.5 already. ok lah, the Aussies always called their stock a tortoise. Slow but steady
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chanbs
Elite |
27-Apr-2017 09:24
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care to share what happened ? updates ...
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amlithiumpower
Senior |
27-Apr-2017 09:21
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Think Tawana is the vehicle to raise money for AM to run. Anyway, the CEO of Tawana got stakes in AM during the 6c placement last year. Even the guarantor of the Burwill agreement they use tawana instead. SH of Tawana of cos not very happy la. Ha...
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risktaker
Supreme |
27-Apr-2017 09:21
Yells: "Posts are opinions. Do not take it as investment advise " |
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thats why wait for funding to confirm then wack... now its time to buy not to sell... I believe TAW will go up in the late trading session
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furnaces
Veteran |
27-Apr-2017 09:18
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The market literally says Tawana capital raising not impressive, drop more than 10%. Nobody buying above $0.25. | ||||
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risktaker
Supreme |
27-Apr-2017 09:17
Yells: "Posts are opinions. Do not take it as investment advise " |
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huat ah ......... Rocket Fuel loaded for Alliance but dont cheong without me !!!
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amlithiumpower
Senior |
27-Apr-2017 09:16
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And the best part is they only use offtake agreement, they did not specify lithium offtake agreement. Wow... choice of words now. Hats off to them
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amlithiumpower
Senior |
27-Apr-2017 09:15
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    Guys, Tawana suspend due to capital raising. Now finished CR can re-instate to quotation. But AM request for suspension is due to offtake agreement and since the burwill offtake everyone know and they still do not release the news, perhaps it' s the report in Straits Times of Mitsubishi potential offtake of tantalum. Comon' it' s the only potential news that do not involve Tawana for now as they haven spend that $12.5m. It doesn' t involve Burwill cos it' s not lithium. I' m thinking it will be an announcement of 2 offtake agreements together during AM suspension. My 2 cents worth of thought. Ha... |
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Observers
Elite |
27-Apr-2017 09:06
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Must have been a lot of shortist shorting the stock. If the suspension becomes indefinite, then interest collected on the shares on loan also infinite? New business model? |
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risktaker
Supreme |
27-Apr-2017 08:57
Yells: "Posts are opinions. Do not take it as investment advise " |
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Tawana Resources NL (&ldquo Tawana&rdquo or the &ldquo Company&rdquo ) is pleased to announce that it has received commitments to raise A$15.0 million (before costs) via the issue of 60 million new fully paid ordinary shares in the Company at an issue price of A$0.25 per share (&ldquo Placement&rdquo ). The Placement was strongly supported by domestic and offshore institutional investors. The placement follow&rsquo s Tawana&rsquo s announcement it had signed a binding five-year exclusive lithium concentrate offtake agreement with Hong Kong-listed Burwill Holdings Ltd. The agreement included a prepayment of $25 million (Tawana&rsquo s share is $12.5 million) (Refer ASX announcement 26 April, 2017). The Placement will take part in two tranches: Tranche 1 - comprising 35,900,000 shares, raising A$8,975,000 (which is within the Company&rsquo s 15% placement capacity) will be issued on Monday, 8 May 2017). Tranche 2 &ndash comprising 24,100,000 shares, raising A$6,025,000, will be issued following shareholder approval, which is expected to be sought at a General Meeting on or about Tuesday, 30 May 2017. The Placement price of A$0.25 per share represents less than an 7.4% discount to Tawana&rsquo s last traded price of $0.27 on 20 April 2017 and a 3.2% discount to the 10 day trading VWAP of A$0.258. The funds raised under the Placement will primarily be used to advance the Bald Hill Lithium and Tantalum Project in order to meet the projected start of commissioning in late 2017. In particular, the funds will be used to complete resource drilling, ordering long lead capital items, complete detailed design and commence engineering on the DMS circuit, civil works, earthworks, mechanical and electrical works, mobilisation of engineers, site establishment and associated project works. In addition, the funding also provides certainty to complete Tawana&rsquo s obligations under the Bald Hill Joint Venture Farm-in Agreement. Tawana&rsquo s Managing Director, Mr Mark Calderwood stated, &ldquo We are extremely pleased with the level of support from the Placement, particularly from some existing domestic institutional shareholders and new Australian and international institutions who have joined the register. These funds, in conjunction with the offtake prepayment gives us the funding required for the capital component of the Dense Media Separation Plant as we rapidly progress towards spodumene production.&rdquo Canaccord Genuity (Australia) Limited acted as the Lead Manager to the placement. |
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furnaces
Veteran |
27-Apr-2017 08:54
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TAW didn't gap up. Trading at between $0.26 to $0.27, slightly above institutional investors purchase price. | ||||
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amlithiumpower
Senior |
27-Apr-2017 08:52
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  There' s a big difference between capital raising from Institutions and from retails. There is a strong vote of confidence from institutions.  
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EmmGru
Veteran |
27-Apr-2017 08:50
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The discount is tiny, always must place at discount one  . The tawana shareholders on hotcopper are impressed
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. The tawana shareholders on hotcopper are impressed