Ann: Talga completes oversubscribed Share Purchase Plan, page-31

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