Band-aid is off like I said on Friday they needed to do
There was too much uncertainty about short term funding so any good news would have been sold into, like the offtake news last week. So clear skies ahead for any more good news
15% discount to last close not unexpected, and this time last week it was only 41-42c and closed 43.5c on the offtake news. If they fill the $10m at 40c it's only 2-5% discount to early last week.
If this was trading today it could easily be down to 41-42c anyway without the CR, look at how other graphite and battery material stocks are fairing just with general market conditions (NVX -9%, LTR -15%, PLS -10% etc)
Without the handbrake of a cr looming good news can see now see this push past 55c, so there's now more chance the options will be ITM before they expire
Last raise before FID (!)
40c is higher that the previous raise, reversing trend of consecutive lower raises. Onwards and upwards.
TLG Price at posting:
47.0¢ Sentiment: Buy Disclosure: Held
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