Ann: Tawana to spin out Cowan, Yallari and Mofe Creek Assets, page-43

..."The other reasoning is that they don’t want to keep all the assets in one vehicle in case something happens similar to what’s happening at AJM right now"...

Agree, I think this would be another major factor for the spin-off...a takeover is definitely a very real possibility and with the current structure and all the unexplored assets we have under TAW at current MC and with a completed mine with a very high probability of very large resource upgrades for years to come and that for BalHill only...MC knows the Vultures are circling and he knows our current AU$450mil MC for Bald Hill is a bargain = represents a real risk for takeover.

Very happy with this move.