Ann: Trading Halt, page-30

Nice find, thanks for sharing.

$400m MC + $20m shares issued would make this a 5% dilution? To hopefully see the company through to next year, at which stage if permits are resolved and offtakes are lined up then Talga will have considerably more leverage for financing the $400m?
Is that correct in a nutshell?

It does feel that way but at the same time, the SP was in that ballpark not too long ago, perhaps that's when these negotiations began. And to borrow what other people have said, if I was putting up $20m I would want a solid discount considering the risk that's still on the table.


Overall I feel neutral about this one, not great but not bad either. Just looks like Talga doing what needs to be done to keep their momentum.