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38.0¢ talga group ltd

I think this could let the SP run for a while then we might see...

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manny100

5,632 Posts.

2471

21/06/24

14:23

Post #: 74426967
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Originally posted by remlif: ↑

Yes it is interesting, Thijs.

It is obvious that there has been a lot of high level talks going on and for it to get to this announcement, trust between the two companies must have been established.

With SQM's contacts and influence with all the World's EV and battery makers they have much to offer Talga on the strategic front. Talga could do worse than invite SQM to take a small equity stake in the company.

In my opinion, this would be better than Talga's recent small cap raises from professional loan sharks. They demand an extremely high discount and then quickly flog their shares. This carries much of the responsibility for Talga's down trend over the last 18 months and also attract the shorters. Perhaps they are not one in the same beast.

MT has stated several times that when the Supreme Court gives final approval, Talga will need some corporate equity injection.

Why not do it now?

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I think this could let the SP run for a while then we might see a Fund placement/raise.

TLG Price at posting: 64.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 38.0¢		Change 0.000(0.00%)		Mkt cap ! $162.9M

Open	High	Low	Value	Volume
38.0¢	39.0¢	37.0¢	$326.9K	865.6K

Buyers (Bids)

No.	Vol.	Price($)
4	27027	37.0¢

Sellers (Offers)

Price($)	Vol.	No.
38.0¢	22499	1

View Market Depth

No.	Vol.	Price($)
4	27027	0.370
9	93072	0.365
14	137846	0.360
4	30964	0.355
11	59993	0.350

Price($)	Vol.	No.
0.380	22499	1
0.385	20000	1
0.390	17666	2
0.395	88120	3
0.400	9536	3

Last trade - 16.10pm 03/10/2024 (20 minute delay)

TLG (ASX) Chart