The exercise price of the options (35 cents) is dictating the share price at the moment. Wouldn't be surprised if the SP stalls around the current level thru to the end of November. After that we can look forward to the SP steadily moving up again on positive news.
Come Christmas the company should have around $5m in the bank ($4.0 at the end of September minus $1.5 cash burn in the current quarter plus $2.5 from the options).
And with graphene sales from the demo plant kicking in early next year hopefully no further capital raisings at least until 2017 by which time the SP should be way up from where it is now.
I'm still thinking 70 cents by Christmas is not out of the question.
GLTAH
Ann: Talga joins Bosch & Lego in European Union Graphene Flagship, page-12
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Last
37.5¢ |
Change
-0.005(1.32%) |
Mkt cap ! $162.9M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 38.0¢ | 37.5¢ | $58.34K | 154.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 43028 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 65191 | 7 |
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| Last trade - 14.31pm 11/10/2024 (20 minute delay) ? |
| TLG (ASX) Chart |