I will say that the appetite for investors to hold shares in NMG is much lower than I expected. Even with 20% dilution, I didn't expect share price of NMG to plummet from $15usd per share to $6.00. That was pretty mind boggling. I dont know what I expected, but that drop was pretty astounding to me. The mine is financed, the terms are known, the processing facility is being built, the location is close to where many automobile manufacturers produce cars, the carbon taxes of the future are avoided.
I think talga's story will be bigger and better, but its clear that 3 years is a long time for many investors to wait, nevermind 5 years, sans revenue. We are a patient lot, those who have invested.
TLG - Media, page-5237
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Last
39.8¢ |
Change
-0.003(0.63%) |
Mkt cap ! $163.0M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 40.5¢ | 39.5¢ | $40.83K | 102.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 19607 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 49918 | 10 |
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| Last trade - 12.59pm 22/08/2024 (20 minute delay) ? |
| TLG (ASX) Chart |