FROM AFR
Listed graphite explorer Talga Resources had Euroz Hartleys and Morgan Stanley drumming up interest in a $20 million share placement on Thursday morning.Graphite’s used in electric vehicles. Paul Morris/BloombergThe brokers were offering shares in Talga at $1.10 a pop, a 17per cent discount to the last close and 16.2 per cent lower than the 10-day volume weighted average price.The term sheet sent to potential investors said Talga would use the proceeds for its European projects Vittangi (engineering, early works and long-lead items), Niska (drilling to expand resources), EVA production and trial mine costs, and for general working capital and offer costs.It planned to run a $10 million share placement plan later at the same offer price as the placement.Bids into the placement were due 5pm Thursday.Talga had a $404 million market capitalisation before the raising. It had negative cashflow of $9.09 million for the June quarter and had $13 million cash in the bank.
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Last
39.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $160.0M |
Open | High | Low | Value | Volume |
40.5¢ | 40.5¢ | 39.0¢ | $114.0K | 288.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6831 | 39.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.0¢ | 31404 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4431 | 0.390 |
5 | 29558 | 0.385 |
14 | 203144 | 0.380 |
5 | 62056 | 0.375 |
7 | 264741 | 0.370 |
Price($) | Vol. | No. |
---|---|---|
0.400 | 31404 | 1 |
0.405 | 23000 | 2 |
0.410 | 12221 | 1 |
0.420 | 8500 | 1 |
0.430 | 83519 | 3 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
TLG (ASX) Chart |
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
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