A biggest factor here is (as el jefe said) AMAL had the exisiting Tantalum mine with all infrastructure that AMAL could have been re-commissioned themselves as Ta prices increased.
So in hindsight who needed Tawana , MC & mates?
Some other Lithium major would've jumped in as Lithium demand took off!
Tawana & MC would still be on the outside with Cowan looking over the fence..
Then maybe offered a pittance for Cowan (like Mt. Belches deal $50,000 cash & some shares in escrow.)...
..
Tawana wanted this $50 mill. C/R quick smart so got it immediately via cannacord & co.
offering us retailers would take 1-2 months to organise .
I reckon MC will make it up to us thru Spinco later on ..maybe to build another DMS on Cowan using Tawana's infrastructure...I'm not a mining engineer so not sure if this is feasible...?
TAW Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
