Thanks, important to know. Implication - to work out TAW SP (on...

Thanks, important to know.

Implication - to work out TAW SP (on conversion basis) = AMAL SP x 1.1 + 4.2c.
AMAL closed at s$37.5c yesterday, this means TAW SP should start at 45.5c. With AMAL being the
single lithium stock in SGX, I should expect good demand for its stock driven by newsflow and this will impact TAW SP. Going forward, TAW SP will track AMAL.

More drilling expected at Cowan in 2018, so value of asset should rise. This is another factor to watch.