If the EU want to be fair dinkum about creating their own indigenous battery industry, they're gonna have to realise that standing up and pushing back against nimby lunatics will be a necessity going forward. To me one major thing they could do right would be to turn on the funding tap to the likes of Talga right now! Ok so we have a €70m innovation fund grant that's in the barrel for us. It comes with all sorts of milestones to be met, checks and balances whatever, we get it, it's not authoritarian China. Ursula Von derLayen can't order the Sami to be rounded up and 'reeducated', and nor should she be allowed to. However what a good start it would be for just 10% of this 70m to be put in Talga's coffers right now! Think of the message it would send to the confused reindeer loving luddites. They would have to start thinking our tactic of incessant stalling and legal challenges might be over. The big boys and girls of the EU really are getting fair dinkum now. We're not going to be able to send company's into liquidation before the first surveyor turns up. The time is really coming when Loki the surveyor tells Lars in the 100t liebhherr excavator operator 'see all those pegs with that pink flagging tape on em? Dig everything up inside that perimeter til you hit that black stuff, shouldn't take long, it's mainly grass and you're there. ( Both the Swedish nimby movement and mining industry talk and think in Australian vernacular and colloquialism's.. and not a lot of people know that). My very long winded point is .. maybe a bit of push back is coming in the form of some long promised but yet to be seen EU funding? And possibly there isn't another retail cap raise about to drop?!! 14m€ could be just the ticket right now to see us through to the last appeal rejection, Debt consortium, FID, Strategic partner and offtake agreement announcements without more dilution. Yes there is going to be dilution from a strategic partner buy in but I don't see that's going to be a bad thing for us at all, quite the opposite. Look this post possibly won't age well.. the ASX alert for the next cap raise could follow this five minutes after I push the post button.. but by jesus I choose to believe Europe will get it's shit together soon out of necessity Talgarians.. and what a glorious day that will be.
TLG Price at posting:
43.5¢ Sentiment: Buy Disclosure: Held
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