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
59.0¢ |
Change
-0.050(7.81%) |
Mkt cap ! $224.0M |
Open | High | Low | Value | Volume |
60.0¢ | 61.0¢ | 57.0¢ | $787.5K | 1.347M |
Buyers (Bids)
No. | Vol. | Price($) |
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11 | 25431 | 58.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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59.5¢ | 17387 | 9 |
View Market Depth
No. | Vol. | Price($) |
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11 | 25431 | 0.585 |
12 | 45572 | 0.580 |
7 | 22030 | 0.575 |
8 | 71709 | 0.570 |
6 | 157098 | 0.565 |
Price($) | Vol. | No. |
---|---|---|
0.595 | 17387 | 9 |
0.600 | 38645 | 10 |
0.610 | 20687 | 8 |
0.615 | 70533 | 7 |
0.630 | 18518 | 1 |
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