TAW - Tawana Resources

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... and up another level
For this flag pattern, I'm getting ("guessing") a 51c target.

 

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next leg up

 

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Wrong! The Bearish Divergence in MACD should have rung an alarm bell.
It is also not uncommon for an explorer to be sold off on the eve of turning miner-producer. Counter-intuitive as it may be, the reason lies most likely in two different investor types:
Explorers attract risk-tolerant speculators.
Producers are favoured by safety-conscious investors.
Speculators get bored and leave before the plodding-along phase begins.

 

[Kryzz]

TAW looking interesting at the moment around the $0.40 region meandering sideways along an old swing high. Have also attached a second chart with some time date and price range comparisons for interest sake.

 

[HelloU]

3rd ship load starts loading friday..so they are getting down through the junky top layers at site and into the good stuff.

AMAL merge adds weirdness to pricing but is for the best imo, but adds uncertainty for the immediate future.

 

[HelloU]

demerger docs proper for cowan started lodgement with asx today (capital divestment out of Tawana). vote meeting tomoz (06Jul18) but done cowin deal for sure. This is part of AMAL merger preliminary work (AMAL recently started registering some autralian companies to back-fill with non-involved assets prior to merger).....interestingly AMAL had a shareholder meeting recently and some 'additional' shares for some of the directors got voted down.......

 

[HelloU]

merge weirdness .......Invoking investing rule #6: Hope.

Appears primary merge partner (Allliance) will not ASX list prior to merge ...... so SGX only for a while (that is the sore point for holders and where rule #6 comes in).

 

[HelloU]

so .....nobody up for a holiday in Asia?

 

[HelloU]

funding package agreed (for taw ....but really to come back to asx in due course) and looks like asia holiday is still on the cards, but i suspect that calderwood is pushing this so hard that there is not a lot of risk of this not future asx listing (post merge). He just seems to be blocking every other 'escape' route so thoroughly.

Rumours of a galaxy sniff but dunno .....

 

[HelloU]

wysiwyg r u in this? (u wrote in cow) I am putting in the drawer till it returns to oz ...in fact gunna buy dips if they present in the chaos (that plunge the other day was a bit too quick for me and then the halt brick-walled it anyway).

 

[System]

On January 4th, 2019, Tawana Resources NL (TAW) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between TAW and its shareholders in connection with the acquisition of all the issued capital in TAW by Alliance Mineral Assets Limited.