TLG 1.89% 52.0¢ talga group ltd

Well worth reminding everyone that MT and management were under...

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  1. 19 Posts.
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    Well worth reminding everyone that MT and management were under considerable pressure over the last two years. Viable and exciting partners with LKAB and Mitsui seemed like very reasonable options to de-risk the project and potentially achieve production faster and at bigger volumes. As a long term shareholder, I cant have been the only one who was slightly disappointed when MoU's and partnerships lapsed with resulting selling pressure on the market.

    Thankfully for those shareholders who held (or topped up) during this period, TLG is now in a position to fund with cheap "green" debt and retain full control of the business and profits. It seems even the broader market has woken up to the benefits/strength of this position with the positive response to the Mitsui announcement on Friday. Again..... worth stressing that management have made tough decisions along the way to put the company in this position and it should be acknowledged by those who had doubts at the time. The Benchmark article today further highlights the strength of TLG's strategic position. What a nice start to a weekend and good luck to TLG and holders come April 4th!


 
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Last
52.0¢
Change
-0.010(1.89%)
Mkt cap ! $223.0M
Open High Low Value Volume
53.5¢ 55.0¢ 51.5¢ $531.1K 1.004M

Buyers (Bids)

No. Vol. Price($)
1 3159 52.0¢
 

Sellers (Offers)

Price($) Vol. No.
52.5¢ 27969 2
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