TLG 1.32% 37.5¢ talga group ltd

Ann: Outstanding PFS result support Vittangi graphite development, page-8

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 2,732 Posts.
    lightbulb Created with Sketch. 1119
    wow and it is only a small part of the company.

    I especially like this part :

    At the date of this announcement the Company has a market capitalisation of around AUD$120M, cash of approximately AUD$9.1M, no debt and a proven track record of attracting new capital.With the assistance of the Company’s corporate adviser, Sternship Advisers, the Company is in advanced discussions with third parties regarding funding for the Project.Whilst pursuing funding initiatives, Talga will look to optimise and reduce the estimated capital and operating costs, including evaluating the option using thermal purification, further validation of Talnode-C with potential customers and building the relevant qualified management team to ensure the successful design and construction of the mine and processing facilities.Based on the above, the Company has formed the view that there are reasonable grounds to assume the likelihood of successfully raising finance sufficient to cover the estimated capital and working capital costs for the Project as and when required.wow and it is only a small part of the company.
 
watchlist Created with Sketch. Add TLG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.