Ann: Further Spectacular Vittangi Graphite Results, page-142

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theposh

87 Posts.

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06/02/22

11:26

Post #: 59386712
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Originally posted by helmdacil: ↑

Well, I took a closer look at the quarterly report.

Expenses are much higher than last quarter, from a run rate of 5m a quarter to now north of 9m in the last Q. This increase is entirely due to dramatically increased exploration expenditure. I do get the feeling that MT has wanted to do this exploration for a while, but held off for lack of security in the funding situation. He decided to pull the trigger last year.

At our current run rate, if the exploration continues to cost what it does (surely it must for at least 1 more quarter), we have 3.46 quarters of run rate remaining before Talga needs to get more money somehow.

We are all expecting an announcement of initial permitting, followed imminently by JV funding by the EU (200-250mil) and Mitsui (200-250m). MT seems to be counting on all of these things as well-- Talga's finances do not appear to have the wiggle room for error.

More than ever, Q2 2022 appears to be Talga's make or break quarter. I am as sure as I can be that permitting will be given a green light. Sweden, EU need us, the entire northern EU battery supply chain has a big graphite anode sized hole in it, with Talga as the most logical means of filling the void. Lulea, everything is seemingly being built as if the Talga pillar is already a solid part of the EU battery foundation. But, with all that said, if there were a delay for some reason, Talga would need money. I do not expect one, but that is a "worst case scenario" that has a greater than 1% chance of occurrence.

The uncertainty will gnaw upon (some) investors. The people who are right will make a killing.

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Talga claim is "legally uncertain:

Nice private AGM, being a lack of transparency

And now not publishing the top 20. Which will confirm Gero and the Board members sold out.

Sure choose and pick what they give you.

NO AGM and No top 20. Everyone is deliberately left in the dark.

TLG Price at posting: $1.53 Sentiment: Sell Disclosure: Not Held
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