I dunno. It's been a tough month on the ASX for resource stocks. Personally I'm very happy with Talga's performance, I just don't have wads of cash to throw at it this month.
Management could probably leave off drilling yet more deposits as it already has a resource which could start on a 5 year mine plan. The capex would be minimal, for a 40Ktpa graphite plant, with a payback of months.
The key is commercial agreements with customers. Once those are in the bag, I think the rest is just dotting of I's and crossing of T's.
So, you are welcome to your opinion, standing outside, and I'm welcome to mine. I bought at 37c, and I'm happy. Silly, maybe, but this isn't like minting a gold bar. You can't sell graphite to a central bank.
I dunno. It's been a tough month on the ASX for resource stocks....
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Last
47.0¢ |
Change
-0.010(2.08%) |
Mkt cap ! $201.6M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 49.0¢ | 46.0¢ | $185.7K | 389.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1309 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.5¢ | 13359 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| TLG (ASX) Chart |