Ann: Successful A$9.5m institutional placement, page-21

On 29th Nov 2023:

• In light of the strong shareholder support and to further bolster the Company's balance sheet, the Talga Board has exercised discretion under the terms of the SPP to increase the offer size to A$19.0 million and to scale back applications in excess of this amount.

The $19M lasted 8 months.

Today they've raised $9.5M = enough to last 4 months.

To say they are desperate to get the $5.0M from shareholders is a massive understatement.

If this dips below $0.38, will anyone subscribe?

The below made me laugh too

• "Under Listing Rule restrictions the Company's Directors are not able to participate in the Prospectus Offer without prior Shareholder approval. Since Shareholder approval has not been obtained, the Directors are not eligible to participate in the Prospectus Offer."

How convenient?

Last I saw there's no restriction from Directors acquiring on market? If there is so much value at these prices, what's stopping them buying on market!??