FROM AFR
Listed graphite explorer Talga Resources had Euroz Hartleys and Morgan Stanley drumming up interest in a $20 million share placement on Thursday morning.Graphite’s used in electric vehicles. Paul Morris/BloombergThe brokers were offering shares in Talga at $1.10 a pop, a 17per cent discount to the last close and 16.2 per cent lower than the 10-day volume weighted average price.The term sheet sent to potential investors said Talga would use the proceeds for its European projects Vittangi (engineering, early works and long-lead items), Niska (drilling to expand resources), EVA production and trial mine costs, and for general working capital and offer costs.It planned to run a $10 million share placement plan later at the same offer price as the placement.Bids into the placement were due 5pm Thursday.Talga had a $404 million market capitalisation before the raising. It had negative cashflow of $9.09 million for the June quarter and had $13 million cash in the bank.
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Last
36.5¢ |
Change
-0.015(3.95%) |
Mkt cap ! $156.5M |
Open | High | Low | Value | Volume |
38.0¢ | 38.0¢ | 36.5¢ | $90.36K | 243.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 59674 | 36.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.0¢ | 15530 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 59674 | 0.365 |
16 | 155240 | 0.360 |
3 | 30164 | 0.355 |
12 | 64993 | 0.350 |
1 | 10000 | 0.345 |
Price($) | Vol. | No. |
---|---|---|
0.370 | 15530 | 1 |
0.375 | 3000 | 1 |
0.385 | 20000 | 1 |
0.390 | 65666 | 3 |
0.395 | 40120 | 2 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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