I dunno. It's been a tough month on the ASX for resource stocks. Personally I'm very happy with Talga's performance, I just don't have wads of cash to throw at it this month.
Management could probably leave off drilling yet more deposits as it already has a resource which could start on a 5 year mine plan. The capex would be minimal, for a 40Ktpa graphite plant, with a payback of months.
The key is commercial agreements with customers. Once those are in the bag, I think the rest is just dotting of I's and crossing of T's.
So, you are welcome to your opinion, standing outside, and I'm welcome to mine. I bought at 37c, and I'm happy. Silly, maybe, but this isn't like minting a gold bar. You can't sell graphite to a central bank.
$800k cash as of 31/03/13 (less today)!, page-2
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Last
44.0¢ |
Change
0.005(1.15%) |
Mkt cap ! $188.6M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 44.0¢ | 43.0¢ | $43.99K | 101.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3952 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 76586 | 8 |
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| Last trade - 11.39am 10/09/2024 (20 minute delay) ? |
| TLG (ASX) Chart |