It's not everyday you drop 15% and still be delighted. Make no mistake, today's news is fantastic for all long term holders. The share price obviously suffered from the typical post-CR dump, but will inevitably recover as the weak hands that pushed us to a 52 week high jump back in once again as April 5th approaches.
The proceeds of the raise being used to begin infrastructure at the refinery site, commencement of procurement of anode equipment and detailed engineering is exactly what I had hoped to see. I'll happily take the dilution and today's drop if it means we can jump well ahead of schedule.
"Talga’s request for permission for early construction. A positive ruling on Talga’s request would allow the Company to immediately commence early works at the anode refinery site, potentially at the start of H2 2023."
First mover advantage must be maintained, no sitting around waiting for EIB finance. Construction to begin ASAP.
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