Ann: $10m Institutional Placement, page-12

What were you expecting? Full funding for the mining & processing facilities?

You need to pay a bit more attention to what's in the announcements. If you go back to the original Trading Halt announcement of Monday, that was the 17th August by the way, you will note the following wording -

1. The trading halt is requested for the purpose of the Company considering, planning and executing a capital raising;

Clearly this told me that the company had not seriously considered an immediate cap raise at that time. However, one could imagine that following the recent DFS and also the hype (and the corresponding share price rise) of the well timed release of 'The Limiting Factor's' video about Talga, interest clearly has been peaked.

What better time to "consider, plan & execute" a strategic cap raise?

Now to MT's comments today -

Commenting on the Placement, Talga Managing Director Mark Thompson said: “This
strategically sized placement will enable Talga to execute the next steps in building it’s Li-ion
anode production facilities in Europe, while maintaining a tight capital structure to provide
shareholders best leverage to project success. The raising also strengthens our position as we
enter deeper finance discussions with multiple potential project partners.”

As I've said before, i don't believe Talga will have ANY problems raising money, so to do it in 'strategic & measured' steps is the right way to go.

The sp may dip slightly following today, however i believe it will continue its upward trend as further progress is made. As a longterm investor, that whats important to me.

For me, this is great news.

GLTAH.