Don't be too quick to celebrate. 5-6 months between now and permits is a long time. If you had said to me that Talga would reach 1.25 a few months ago I would not have believed it. It happened twice. On the US exchange the price briefly went to 1.16 AUD (thanks whoever sold 1 million shares, i picked up 20k).
Maybe we hit rock bottom. On the other hand, this evegrande stuff seems to be a slowly engulfing avalanche. Additionally, Talga only has drilling updates really to give that I expect for the next 2 to 3 months. In the past drilling results were good for a momentary injection but not a sustained rerate, obviously.
For myself, I will have another tranche of $$ to invest in the next 6 months. If I am purchasing at $1.80, so be it. But I do not eliminate the possibility of talga hitting 1.25 (or lower).
TLG Chart, page-2380
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Last
64.0¢ |
Change
0.045(7.56%) |
Mkt cap ! $243.0M | |||
| Open | High | Low | Value | Volume |
| 59.5¢ | 64.0¢ | 59.0¢ | $224.0K | 366.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5056 | 61.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 64.0¢ | 10636 | 2 |
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| Last trade - 16.10pm 02/07/2024 (20 minute delay) ? |
| TLG (ASX) Chart |