December 2020 Talga did 55 Million capital raise at price of...

December 2020 Talga did 55 Million capital raise at price of $1.45 a share. Since then zero growth. Still trading around $1.45.

Raised capital to build second pilot plant. Don't understand spending 42 Million in 2 years. With no return on investment.

If Talga put that money in a managed fund would have better returns. Now running out of money again.

They can't use the pilot plant reason for third time to raise capital. What will be the new reason to raise capital? Mitsui and LKAB both out of Joint Venture. And there no mention of a Joint Venture anymore.

Still no binding customer agreement. Still no mine permitting. Still no joint venture. Still no funding of 480 million secured.

But 9 Million in performance shares awarded to Board in 2021. What performance are they talking about?

Still need 3 permits for small 100,000 tonnes of graphite ore per year mine. Will run out of money before 3 mine permits gets approved.

Natura2000 permit
Exploitation Processing Consession permit
Environmental permit

It's not rocket science. Only spend your money after you got mine approval. Or when you have binding customer agreement.