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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FROM AFRListed graphite explorer Talga Resources had Euroz...
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Last
45.0¢ |
Change
-0.010(2.17%) |
Mkt cap ! $171.0M |
Open | High | Low | Value | Volume |
47.0¢ | 47.0¢ | 44.5¢ | $206.4K | 455.9K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 49868 | 45.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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45.5¢ | 19580 | 3 |
View Market Depth
No. | Vol. | Price($) |
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1 | 49868 | 0.450 |
9 | 87302 | 0.445 |
10 | 105527 | 0.440 |
4 | 108697 | 0.435 |
5 | 146050 | 0.430 |
Price($) | Vol. | No. |
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0.455 | 19580 | 3 |
0.460 | 1700 | 1 |
0.465 | 20000 | 1 |
0.470 | 4618 | 3 |
0.475 | 18750 | 1 |
Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
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