TLG 2.08% 47.0¢ talga group ltd

Ann: Talga Investor Webinar, page-8

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  1. 227 Posts.
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    Mark made some good points around approval delays at the High Court

    When an appeal is made it is put into a selected stream of similar cases which are treated strictly in sequence. No exceptions until the average wait time for that particular stream has been exceeded. Talga's wait time has now exceeded this limit and they now has the option if applying to the High Court for an exemption to jump up the queue. They are in the process of doing this.

    All this is European/Swedish democracy at work and Talga (being a small non Swedish company) has taken the "softly softly co-operative approach.

    I was reminded of the trouble that Tesla got itself into with approvals to build its EV plant in outer Berlin, Germany

    https://www.theteslaspace.com/latest-posts/tesla-gigafactory-berlin-is-officially-open-blog

    It seems that Tesla took the "head butting" I am Elon Musk approach and only just managed to get final approvals 2 weeks before plant opening. And then it seems he only got them to prevent huge embarrassment to both parties.

    Mark expressed confidence that final approval would come in good time.

    Another question was on the likely hood of a hostile take over. His response was that there was a sizable blocking share holding of friendly shareholders. Himself, Mark Creasy and others that he named. His explanation was that these shareholders were focussed on the Company that Talga is to become and not the current share price which is the plaything of short term traders.

    All in all, an excellent presentation with a greater time allocation to questions than has been the norm.
 
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