You will retain your TAW/AMAL shares, before the merger when Cowan Lithium shares are demerged from TAW your Cowan Lithium shares will be sold after 6 weeks if you do not write to them and you will receive the money.
It says:
Following the 6 week period, Cowan Lithium will be entitled to sell the Cowan Shares the subject of the divestment notice unless:
(a) the Cowan Shares were valued at more than a marketable parcel of shares at the time the Cowan Shareholder acquired them; and
(b) the Cowan Shareholder notified Cowan Lithium in writing that the Cowan Shareholder wishes to retain its Cowan Shares.
I think TAW have a real future, I rang the investor number today and got an answering machine so it seems questions will be answered after the demerger.
I am thinking TAW are a good buy however I am uncertain about keeping the Cowan shares they will need money so a CR and dilution is on the horizon.
If you have faith in the management team have faith they are doing their best to increase TAW shareholder value.
TAW Price at posting:
42.5¢ Sentiment: Hold Disclosure: Not Held
