TAW 0.00% 31.0¢ tawana resources nl

Ann: Clarification and Retraction, page-8

  1. 583 Posts.
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    Yesterday sell down has nothing to do with this announcement, neither has AMAL recent 20% drop has anything to do with this announcement. It's a very normal trading phenomenon where prices correct itself after a good rally to maintain the momentum.

    What is interesting about this announcement is that the investor presentation is not announced by AMAL in ASX which under normal circumstances, they would. I'm guessing this is the reason why, and that AMAL wants this to be corrected first. Perhaps the old data used by Tawana is from the tantalum mine in 2015 so might not be fully applicable when converted to lithium mining.

    The issue here is the fines and secondary products. Maybe the tantalum mine is not designed to treat the fines (which requires a new set of water supplies being the most important component) or the quantity cannot be fully substantiated without more testing.
 
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