Ann: Environmental permit approved for Talga anode refinery, page-56

It shows how the overall market has changed. Remember when the LKAB JV deadline was due and the share price pumped to $2.20 in 2021? That was only in anticipation - it wasn't even based on a positive announcement. During that period the market had an abundance of money floating around and stocks were rocketing 30%+ on no news. Times have certainly changed.

These two massive de-risking announcements over the last couple of days have blown a potential JV with LKAB out the water and is undoubtedly a far better outcome - but barely any movement to the share price. Frustrating, but it's important to note that the company are kicking their goals and despite what many feel is manipulation, the re-rate must come eventually. Perhaps we'll see an increase in buying after June or perhaps a positive outcome on the appeals will set it off. Logically, as the only natural anode producer in Europe with full vertical integration + on the cusp of finalizing all permits + all the other tailwind positives we know, Talga is massively undervalued right now and it's only a matter of time before a stingy and beaten down market sees it that way too.