Cannacord would have released recent new coverage of Tawana with the mandate that they would do a fresh CR at a small market discount almost immediately .
But given the newsflow in the pipeline ,plus pending drill result (see below) and the 5 rigs now drilling on site , the Placement takers at 25c plus existing holders should benefit significantly .
From 19th April ASX Release
Recent drill hole (LRC0348) in the eastern extent of known mineralisation intercepted 78.6m of pegmatite including 57m of very high grade spodumene, assays are pending however visually it is the most significant hole drilled at Bald Hill to date with logged estimated spodumene contents ranging from 15 to 45% averaging about 30%.
TAW Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held