The thorough de-risking that comes from being attached to an Asian exchange. I think that is a very attractive component of this offering. TAW can push as much as they like in Australia however they won't get as far as they will need to go:
i) Our market is known for mining, and has a number of lithium players already and
ii) It is relatively small
To me, this seems like a longer-term capital access play. TAW does the mining, provides the expertise etc, AMAL gets the money from Asian investors. So when it came down to 'who can do what well' they've decided to go with Alliance so that they can access Asian capital markets and leverage the benefit of closer ties to a much large pool of cash.
And why wouldn't you? TAW needs to speed things up especially as the resource is growing larger every other drill campaign and needs to be dug up as soon as is possible. In order to do that (and remain competitive) they need money. And not just now, but longer term too.
- Forums
- ASX - By Stock
- TAW
- Ann: Tawana & Alliance to Merge and Capital Raising & SIA
Ann: Tawana & Alliance to Merge and Capital Raising & SIA, page-13
-
-
- There are more pages in this discussion • 536 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TAW (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Steven Gourlay, Managing Director and CEO
Steven Gourlay
Managing Director and CEO
SPONSORED BY The Market Online