Talga TLG - General Discussion, page-40

How can the market be mostly right if smart money is pumping stocks far beyond fair value? Or is the market only right once the downtrend correction starts? When does the market begin to be right? At the 52 week low? Strange logic. This is all pointless talk however, as we know one of the main causes for the drop can be attributed to Kinetic.

SYA, CXO have been smacked because lithium prices have been destroyed over the last year. A huge fundamental change. Fundamentals for ex-China graphite/anode have improved. FEOC ruling, EU anti-subsidy investigation on Chinese EVs, China graphite export restrictions, CRMA approved and to come into law by March with further legislation following shortly afterwards.

Chinese oversupplying the graphite market is probably the only downside, but even that has positives for Talga. Many other potential producers have not forged ahead because of this, instead waiting for prices to recover - see RNU as an example. Talga has instead pressed on. China's price dumping disincentivised western supply and delayed projects. Now there are even fewer projects and an even larger gap between Talga and other producers who have chosen to sit on their hands. Talga will now likely be at stage 1 production and looking to expand while other potential producers are still messing around with feasibility studies in a crucial time period where EU/US are cracking down on supply coming out of China.