Good to see directors also involved in placement.This is going...

Good to see directors also involved in placement.

This is going to be an interesting stock. Annual Report is due soon and hopefully some insight into some of the things the team have been working on since there revamp.

Also I am very interested in seeing the Top20 especially given Warwick Grigor is Chairman.

I have been digging into this Rakana holding in TJV. It is JV with Aquila (TAW 6.76%). Aquila have appointed GS to sell 680m stake in manganese project. This would value TAW stake at 60M if they get it.

JV's with Gryphon Minerals
Strategic Alliance announced Dec 2010
- GRY a major shareholder (14%)
- GRY to assist TAW with the identification, assessment and acquisition of West African mineral permits
- GRY to assist in exploration, operational and logistical activities
- Alliance to target gold, base metals and other minerals throughout West Africa
This looks interesting.

There seems to be a seller though that still needs to be taken out around the 5c mark.

Anyway one to watch.