TLG 7.81% 59.0¢ talga group ltd

FROM AFRListed graphite explorer Talga Resources had Euroz...

  1. 142 Posts.
    lightbulb Created with Sketch. 55
    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.


 
watchlist Created with Sketch. Add TLG (ASX) to my watchlist
(20min delay)
Last
59.0¢
Change
-0.050(7.81%)
Mkt cap ! $224.0M
Open High Low Value Volume
60.0¢ 61.0¢ 57.0¢ $787.5K 1.347M

Buyers (Bids)

No. Vol. Price($)
11 25431 58.5¢
 

Sellers (Offers)

Price($) Vol. No.
59.5¢ 17387 9
View Market Depth
Last trade - 15.49pm 03/07/2024 (20 minute delay) ?
TLG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.