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3.42%

70.5¢ talga group ltd

Thanks. So the target is $15m but could be anything subject to...

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scrat212

793 Posts.

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06/11/23

13:10

Post #: 70748024
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Originally posted by Chiffy: ↑

If you read further the proposed issue of shares is there to cover if a scale-back is not conducted. They propose the issue of shares to high end value to account for shareholders participating at full $30k amount. "Maximum total number of those +securities that could be issued if all offers under the +securities purchase plan are accepted 108,226,251"

"Describe the scale back arrangements
The Company intends to apply scale back by giving priority to applications received on a 'first-come, first-served' basis, however the final decision on how any scale back is conducted will be in the Board's sole discretion. The Board may take into account a number of factors including the size of an applicant's shareholding at the Record Date and the extent to which he applicant has sold or purchased shares since the Record Date."

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Thanks. So the target is $15m but could be anything subject to board discretion.
Thats one way to do a cap raise without putting the spooks into the market. Announce $15m then take as much as you can get. if thats the way they go.

Last edited by scrat212: 06/11/23

TLG Price at posting: $1.02 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 70.5¢		Change -0.025(3.42%)		Mkt cap ! $271.5M

Open	High	Low	Value	Volume
73.0¢	73.0¢	70.5¢	$62.95K	88.46K

Buyers (Bids)

No.	Vol.	Price($)
2	13675	70.5¢

Sellers (Offers)

Price($)	Vol.	No.
71.0¢	15739	8

View Market Depth

No.	Vol.	Price($)
2	13676	0.705
5	24328	0.700
4	12101	0.695
4	19047	0.690
2	7200	0.685

Price($)	Vol.	No.
0.710	15739	8
0.715	9766	5
0.720	8432	4
0.730	1707	1
0.735	36250	1

Last trade - 11.40am 02/05/2024 (20 minute delay)


Last 70.5¢			Change -0.025 ( 1.54 %)
Open	High		Low	Volume
72.0¢	72.5¢		70.5¢	37595
Last updated 11.49am 02/05/2024 ?

TLG (ASX) Chart

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