TG6

5.26%

18.0¢ tg metals limited

Ann: Burmeister Lithium Potential Defined, page-106

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tradedemon

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17/05/24

21:43

Post #: 73887425
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Originally posted by WhatsTheTip: ↑

There's at least three primary ways that TG6's share price is likely to lift:
1. A rising tide lifting all boats aka some factor like higher lithium prices improves the sentiment towards all lithium stocks
2. TG6 specific initiatives such as strong drill/met test results that advance it potential as a future commercial operation
3. Other nearby companies make discoveries improving the accepted potential for the wider Lake Johnston region

Regarding this 3rd factor:
All quiet on the CHR front. Their last update was 11 April.
All quiet on the E25 (JL) front. They have been tossing out lots of other ASX updates but have been very quiet re Lake Johnston.
Poseidon (POS) is now putting out lithium related announcements. As per below they have put out a soils map with range of areas showing >100ppm Li₂O readings on tenements near their nickel plant. This is mildly positive as that's more positive soils massively along strike from TG6 but its a significant distance away and at this stage only soils.
Audalia (ACP) has some tenements to the SW of TG6 and also south of Charger's Medcalf. They had a set of duster soils south of Medcalf which is moderately negative for TG6's E63/1960 claim immediately south and mildly negative for Taylor Rocks prospects (about 6km to the NE of this duster soils sampling). Of others nearby to TG6 they would be a rank outside as their claims seem to be more granite than greenstone.

The map below zooms out slightly on the area where POS did soils. TG6 has a pending claim E63/2434 which is the 6 block upper dark blue area below. Unfortunately 19 other companies also have a claim on the same area. Who knows who will get it. To the lower left TG6 has the claim on the dark blue 2 claim area (E63/2433). If POS finds something, these claims around its nickel plant go up in value. A sightly odd feature is that in Mindex E63/1784 is tagged as Essential Metals not Posiden.

The soils map re Audalia - noting to see. Only soil locations shown.

TG has a tenement adjacent to these failed Audalia soils.

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some major moves in lithium stocks today. Was there any reason or just sentiment improving. Pmt and winsome up 15% (that’s not chicken feed )

Vulcan has doubled off its low in a couple of months

pls did okay and even sya was up
TG6 Price at posting: 27.0¢ Sentiment: None Disclosure: Held
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Last 18.0¢		Change -0.010(5.26%)		Mkt cap ! $12.79M

Open	High	Low	Value	Volume
18.0¢	18.5¢	18.0¢	$22.85K	126.3K

Buyers (Bids)

No.	Vol.	Price($)
1	2941	17.0¢

Sellers (Offers)

Price($)	Vol.	No.
18.0¢	11714	2

View Market Depth

No.	Vol.	Price($)
1	2941	0.170
2	78750	0.160
1	10000	0.155
5	135571	0.150
3	37414	0.135

Price($)	Vol.	No.
0.180	11714	2
0.200	50444	3
0.210	20000	1
0.225	5500	2
0.230	42056	2

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Ann: Burmeister Lithium Potential Defined, page-106

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Ann: Burmeister Lithium Potential Defined, page-106

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