Time in the market beats timing the market. When I first started looking at lithium companies, it appeared to me that they were already richly valued-- they have more or less held their value. Talga did not appear richly valued, and admittedly it has slipped since my first buy-in price.
I don't think we can judge the story of talga after 1 or 2 years. Certainly those who have been in talga for 4 or 8 years might have more to say. Amidst all of the uncertainty I have learned that I am happy to have talga in my investments, but I am also glad I didnt go "all in". Yet.
I don't think Talga wants to raise capital, it has to. I think MT was overly optimistic when he expected to have permits by now, and now we all pay. But. I think that MT's optimisim is what allowed him to make this company. Who among us have the patience to work for 15 years before turning a profit? My goodness, the optimism and drive required. MT is human, but I have to salute what I foresee as the foregone conclusion which is easy to see now, which in 2014 could not have been more than a vague glimmer of potential.
I agree with the consensus of this forum, the Stellantis announcement really de-risked investment in this company. Once the capital raise hits and the prices begin to settle after a week or two, I am going to be buying. A lot. A lot A lot. Not all in, but, a lot.
- Forums
- ASX - By Stock
- Ann: Trading Halt
Time in the market beats timing the market. When I first started...
-
- There are more pages in this discussion • 34 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TLG (ASX) to my watchlist
(20min delay)
|
|||||
Last
58.0¢ |
Change
-0.020(3.33%) |
Mkt cap ! $220.2M |
Open | High | Low | Value | Volume |
59.0¢ | 61.0¢ | 57.5¢ | $1.245M | 2.074M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 70853 | 57.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
58.0¢ | 27593 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 53097 | 0.575 |
8 | 136709 | 0.570 |
3 | 56100 | 0.565 |
9 | 101579 | 0.560 |
5 | 21739 | 0.550 |
Price($) | Vol. | No. |
---|---|---|
0.580 | 27593 | 1 |
0.585 | 50000 | 1 |
0.600 | 3500 | 1 |
0.610 | 1500 | 1 |
0.615 | 10000 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
TLG (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online