From the oversubscribed SPP, they've just raised $19m. According to the last 5B quarterly they put out, they had 3.89 quarters of funding left ($28.16m cash /$7.23m = 3.89), so add $19m now gives $47.16m /$7.23m = 6.5 quarters left (assuming the same rate of cash burn) or nearly 20 months left. I think that should give them plenty of breathing space. Not sure why the SP seems to be under pressure since the close of the SPP. I get the feeling someone is playing tricks, maybe a tree shake before the next news drops.
All IMHO, DYOR
Ann: Talga completes oversubscribed Share Purchase Plan, page-31
-
- There are more pages in this discussion • 65 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add TLG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
41.0¢ |
Change
0.005(1.23%) |
Mkt cap ! $155.8M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 42.0¢ | 38.0¢ | $802.1K | 2.030M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17296 | 40.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 30443 | 3 |
View Market Depth
| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| TLG (ASX) Chart |