Uncle Nam, Merger urgently necessary to help prevent "TAKEOVER Target" of Tawana !!.
Think about it .... A producing Lithium Mine (no debt, offtake deals set. ..)with 1500 sq kms of proven resources including Cowan .for Market cap of approx $250 mill.. what a bargain for RIO, BHP , .. a hostile T/O ...& TAW is gobbled up ..
The BoD realised this & acted on the Merger ASAP. Cowan may have resources to build another stand alone Mine down the track.
... Sure I'm speculating but need something to look forward to.
TAW Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held