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TLG

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52.5¢ talga group ltd

TLG - Media, page-13710

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Hingdog

23,068 Posts.

1430

20/10/23

13:36

Post #: 70449562
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Originally posted by acwbagnall ↑

Far out the ASX is a dull place to be the past few months. Every stock in the battery materials sector is down at rock bottom - many like TLG back to 2018 prices where they were before the last bull market surge - yet many of these have also seen huge progress over those 5 or so years. Perhaps none more so than Talga - which has now ticked virtually all the boxes for a derisked operation and has moved into construction phase.
In every forum on here people are debating why various companies are down at 5 year lows, and the same arguments come up in all of them. The fact is the reason companies like Talga are now so low is almost entirely macro driven. The market is hugely risk off at present and money is flowing away from anything remotely speculative. Talga is still pre revenue and particularly to newcomers to the stock, does appear to have significant risk around funding and offtake deals, enough to spook people away from it in this present climate.
However, the macro sentiment does not have much influence on Talga's execution, and chances of success - other than perhaps the slight issue of increased dilution in the event of needing to raise capital at a low price.
If you have done your research and saw good value here at $1.50+ then $1 or less is a steal.
Folks like fat tail deciding that all pre-revenue companies are too risky and publishing a sell note in a newsletter should be ignored by anyone who has done their own research on what this company is, and where it is positioned in the market.
If Talga after 13 or so years of exploration, planning and permitting cannot now complete the build of this mine and begin selling product, then the rest of the hopefuls out there have very little chance, and the global electric transition is not going to be feasible.
Right now feels a lot like when I first got into lithium stocks in a big way in 2018 as I thought they were begging to look far too cheap - and I then watched my investments dwindle down much further over 18 months before finally confirming what my research had told me - and rebounding in a big way.
Graphite almost certainly must go the same way in the medium term - and near term active annode producers outside of China are going to be at the front of the pack (think PLS/AKE for comparison).
DYOR and trust in it, and don't be spooked by those that have not and are just following the herd.

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"Every stock in the battery materials sector is down at rock bottom"

Not even close to rock bottom, the producers haven't broken down properly yet, there's a long way to go down in this sector imo.

As for TLG, it's only just broken down from a stage 3 topping base, rallied back up to retest the break and now getting sold again. The stage 4 downtrend is only just beginning, it's only guessing where the bottom might be but I'd say don't be surprised to see it end up back down around 20c. Look at names like CXO or your NMT for clues on where this is going

TLG Price at posting: 96.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 52.5¢		Change -0.020(3.67%)		Mkt cap ! $199.5M

Open	High	Low	Value	Volume
54.5¢	54.5¢	50.5¢	$601.8K	1.157M

Buyers (Bids)

No.	Vol.	Price($)
1	1200	52.0¢

Sellers (Offers)

Price($)	Vol.	No.
52.5¢	53141	2

View Market Depth

No.	Vol.	Price($)
1	1200	0.520
3	57832	0.510
6	194873	0.505
22	182568	0.500
1	2020	0.490

Price($)	Vol.	No.
0.525	53141	2
0.530	42209	2
0.550	10322	1
0.560	46000	1
0.565	6243	1

Last trade - 16.10pm 16/07/2024 (20 minute delay)

TLG (ASX) Chart

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