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13.3%

13.0¢ tg metals limited

so well articulated and calculated there WTT !!even at 20% of...

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Bruce72

26,712 Posts.

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22/06/24

00:18

Post #: 74434804
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Originally posted by WhatsTheTip: ↑

On what basis?
TG6 has 71.1m shares on issue. You think the price is falling below 11.5c because lithium isn't in good shape so the price is going to drop to $8m MC?

The price hit's already been taken at the $15m MC. Back in the good days of lithium bulls a couple of years ago, one of the default assumptions that was doing the rounds by brokers and did match the pricing of several companies was that every 10Mt of resource of adequate grade and permitting likelihood was worth $100m. On that basis TG6 would be on-track for a $200m MC if they can prove up Burmeister as they expect to 20Mt. Accepted that was a bullish pricing environment and people didn't realise quite how bullish it was till sentiment changed.

With 71.1m shares on issue that bullish pricing environment would have TG6 with a price target of $2.89/share (and possibly more from Jaegermeister expectations). There's a 93% discount to that value because lithium's not in good shape. I'd suggest lithium not being in good shape is already reflected in the current share price.

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so well articulated and calculated there WTT !!

even at 20% of that val and being super conservative with the current macro lithium environment, we should be trading closer to 60c/share.

TG6 Price at posting: 20.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 13.0¢		Change -0.020(13.3%)		Mkt cap ! $9.243M

Open	High	Low	Value	Volume
15.0¢	15.0¢	13.0¢	$16.92K	124.1K

Buyers (Bids)

No.	Vol.	Price($)
1	25000	13.5¢

Sellers (Offers)

Price($)	Vol.	No.
16.0¢	48315	3

View Market Depth

No.	Vol.	Price($)
1	25000	0.135
1	52799	0.130
4	82377	0.125
2	43666	0.120
1	21739	0.115

Price($)	Vol.	No.
0.160	48315	3
0.165	60000	1
0.180	107557	2
0.185	25000	1
0.200	26000	2

Last trade - 12.50pm 29/08/2024 (20 minute delay)

TG6 (ASX) Chart