Jump to content


Photo
- - - - -

Tawana TAW


  • Please log in to reply
264 replies to this topic

#1 SoleTrader

SoleTrader

    Little Master

  • Junior Member
  • PipPipPipPip
  • 507 posts

Posted 30 August 2019 - 10:45 AM

TAWANA (renamed Alita Resources) seems to be a goner. Debt recall and administrators appointed, shares suspended. 


  • 0

#2 Agent47

Agent47

    Newbie

  • Members
  • Pip
  • 34 posts

Posted 27 June 2019 - 06:55 AM

Im sure there some of you old Tawana holders are happy that you were forced out and not holding at the current levels of the merged Alliance Minerals.
  • 0

#3 Polly

Polly

    The Oracle

  • Banned
  • PipPipPipPipPipPipPipPip
  • 2,401 posts

Posted 12 February 2019 - 04:34 PM

South African shareholders have been screwed - we only received R1,53 per TAW share.  I would guess we paid a large percentage to the Aussie government as taxes. 

that was one big theft ride....buggas...cant youll do anything??


  • 0

Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”


#4 SoleTrader

SoleTrader

    Little Master

  • Junior Member
  • PipPipPipPip
  • 507 posts

Posted 12 February 2019 - 04:21 PM

South African shareholders have been screwed - we only received R1,53 per TAW share.  I would guess we paid a large percentage to the Aussie government as taxes. 


  • 0

#5 Dusty Mountain

Dusty Mountain

    Member

  • Members
  • PipPip
  • 131 posts

Posted 08 November 2018 - 04:35 PM

Bull Hunter,  can you please elaborate. Seems as if you responded to another statement from someone else. 

 

Hi Krisjan

 

See revised dates and timetable below link, for transferring shares from JSE to ASX, being 27th November.

 

https://hotcopper.co...df-jpg.1357883/


  • 0

#6 Krisjan

Krisjan

    Newbie

  • Junior Member
  • Pip
  • 13 posts

Posted 08 November 2018 - 02:53 PM

Bull Hunter,  can you please elaborate. Seems as if you responded to another statement from someone else. 


  • 0

#7 Bullhunter

Bullhunter

    Master

  • Senior Member
  • PipPipPipPipPip
  • 1,001 posts
  • LocationNorthcliff

Posted 08 November 2018 - 12:18 PM

Unofficially the South African Reserve Bank (SARB) will not allow the shares to move offshore to Australia without Reserve Bank approval.

 

There is speculation that the shares will be sold in Australia and the funds repatriated back to the South African shareholders.


  • 0
Opportunities are made up easier than losses.

#8 SoleTrader

SoleTrader

    Little Master

  • Junior Member
  • PipPipPipPip
  • 507 posts

Posted 28 July 2018 - 08:38 AM

My understanding is 1. We will get a cash consideration for our Cowan Lithium shares once those are sold. Is Cowan a listed entity? How many Cowan's per Tawana? When will we get the cash? 2. We will get cash for our Alliance merged shares once those are sold. What I can't understand is why they couldnt just delist South African minorities with a single cash consideration.

For investors with an offshore account, look at Desert Lion Energy on the TSX. This is going to put TAW to shame IMO
  • 0

#9 Dusty Mountain

Dusty Mountain

    Member

  • Members
  • PipPip
  • 131 posts

Posted 27 July 2018 - 03:53 PM

Those ineligible shareholders who are interested in instituting legal services to remain eligible shareholders and participate in alliance merge in order to obrtain our ASX consideration shares, please pm me at land@absamail.co.za


  • 0

#10 SoleTrader

SoleTrader

    Little Master

  • Junior Member
  • PipPipPipPip
  • 507 posts

Posted 20 June 2018 - 01:36 PM

The share is trading at a nice discount to the Aussie price - just took some at 350c. 


  • 0

#11 Krisjan

Krisjan

    Newbie

  • Junior Member
  • Pip
  • 13 posts

Posted 08 June 2018 - 09:54 AM

Pardon my ignorance, but how?

Done. 76 yo trying his hand @ tech...... 


  • 0

#12 Krisjan

Krisjan

    Newbie

  • Junior Member
  • Pip
  • 13 posts

Posted 08 June 2018 - 09:49 AM

Those interested. Drop me a PM with your number as we'll make it so. 

Pardon my ignorance, but how?


  • 0

#13 Dusty Mountain

Dusty Mountain

    Member

  • Members
  • PipPip
  • 131 posts

Posted 06 June 2018 - 10:40 AM

As far as I know even if the transfer is completed to ASX your registered address is a non resident from South Africa, which means you are in the same position as we are now with the JSE, but have spent some cash doing it.

 

I`m not sure if a custodian ( your agent, liaising with broker) would be any different.

 

Any shares that a person holds either in certificated or dematerialised form, has ownership to the holder, the persons full security details incl ID number/registered address etc ensures no one can claim your shares but the rightful owner.

 

I dont think there is a way for us to go around this...

 

However once we receive our ASX consideration shares after merge, if they then liquidate all overseas shareholders we can then just open our own offshore trading account and trade into mergeco and Cowan lithium.

In my view this is the better option because if they dont liquidate our shares we have incurred no additional costs.


  • 0

#14 Dusty Mountain

Dusty Mountain

    Member

  • Members
  • PipPip
  • 131 posts

Posted 06 June 2018 - 10:11 AM

As far as I know even if the transfer is completed to ASX your registered address is a non resident from South Africa, which means you are in the same position as we are now with the JSE, but have spent some cash doing it.

 

I`m not sure if a custodian ( your agent, liaising with broker) would be any different.

 

Any shares that a person holds either in certificated or dematerialised form, has ownership to the holder, the persons full security details incl ID number/registered address etc ensures no one can claim your shares but the rightful owner.

 

I dont think there is a way for us to go around this...


  • 0

#15 Hemper9

Hemper9

    Newbie

  • Members
  • Pip
  • 16 posts

Posted 06 June 2018 - 09:34 AM

ABSA Stockbrokers

 

Not sure, I am compiling a list of questions before I phone them, you guys are welcome to add some questions if you like


  • 0

#16 sommerso

sommerso

    Advanced Member

  • Members
  • PipPipPip
  • 458 posts
  • LocationCape Town

Posted 06 June 2018 - 09:26 AM

Which broker are you using? 

 

Do you know if the registered address is also changing? 

 

 


  • 0

#17 Hemper9

Hemper9

    Newbie

  • Members
  • Pip
  • 16 posts

Posted 06 June 2018 - 09:20 AM

Yes.. Waiting for a reply from Interactive Brokers, they originally said it is not possible to transfer.. Just want to make sure both brokers are in agreement..

 


  • 0

#18 Dusty Mountain

Dusty Mountain

    Member

  • Members
  • PipPip
  • 131 posts

Posted 06 June 2018 - 09:09 AM

Costing I've received for the transfer:

 

R2000 and then below CSDP fees:

 

Share Value of Securities: R1 - R50 000: Standard Fee: R435 Fast Track Fee: R870

Share Value of Securities: R50 001 - R2 000 000: Standard Fee: R870 Fast Track Fee: R1740

Share Value of Securities: Over - R2 000 001: Standard Fee: R1740 Fast Track Fee: R3480

 

Thanks Hemper

 

Are you going to proceed with transfering from JSE to ASX?


  • 0

#19 Hemper9

Hemper9

    Newbie

  • Members
  • Pip
  • 16 posts

Posted 06 June 2018 - 08:31 AM

Costing I've received for the transfer:

 

R2000 and then below CSDP fees:

 

Share Value of Securities: R1 - R50 000: Standard Fee: R435 Fast Track Fee: R870

Share Value of Securities: R50 001 - R2 000 000: Standard Fee: R870 Fast Track Fee: R1740

Share Value of Securities: Over - R2 000 001: Standard Fee: R1740 Fast Track Fee: R3480


  • 0

#20 Hemper9

Hemper9

    Newbie

  • Members
  • Pip
  • 16 posts

Posted 05 June 2018 - 03:15 PM

Hi Hemper

 

Can you share the details of your broker, might be worth his while if there are a few of us willing to go that route?

 

I`m also keen on the whatsapp group.

 

Remember, even if we are able to transfer our shares to the ASX, we will still be in the same situation and a bit out of pocket for any applicable fees. 

Absa Stockbrokers, they sent me the attached form..

 

I am still hoping there is some kind of favorable outcome when that detailed booklet is sent to us. If not, if my shares are transferred over to the ASX I can at least sell and maybe buy AMAL. No volumes on the JSE, doubt I will even be able to sell all of my shares, so transfer seems to be my only option.


  • 0





Sponsored by Sharenet and VPSNine Linux VPS Hosting