Do you really think that if they need to raise another 20million that they will go broke ???
At the worst it dilutes share holdings. Would be maybe another 10%. For a start up company, they have no debts, and shares on issue is very low.
All the Samis are doing is just costing the company a bit more coin.
Graphite will still be needed in Europe when they get approvals. All this EU stuff happening, is just slow, but its happening.
With Tesla under pressure it shows how new technology and new car companies are challenging them.
Personally I look forward to the next 3 years, its just the start of the EV and Battery storage revolution. No matter what propaganda the oil companies are trying to shove out regarding EV vehicles they are here to stay. Check out the new Xiamoi SU7 sold out the first 100,000 cars. I would def buy one if offered over here, and this is just the start of the innovation. Battery storage is a huge mkt, check out what South Australia are doing, launching new community Battery storage.
My rant is over
TLG Price at posting:
72.5¢ Sentiment: Buy Disclosure: Held
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