I would not be surprised if a large customer offers us a significant prepayment to assist with construction costs in exchange for an offtake and the sale to them of a stake in TLG, say 5 or 10%.
I think MT will look for something along those lines. You can bet some of the EU auto suppliers/makers will want to stitch long term local supply.
This sort of thing happens in Lithium stocks - or used to. Minimises dilution.
Notes from 2023 AGM, page-44
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Last
58.0¢ |
Change
-0.020(3.33%) |
Mkt cap ! $220.2M | |||
| Open | High | Low | Value | Volume |
| 59.0¢ | 61.0¢ | 57.5¢ | $1.245M | 2.074M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 70853 | 57.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.0¢ | 27593 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| TLG (ASX) Chart |