Ann: Trading Halt, page-49

I certainly share your frustrations. I would think this raise was probably always planned to follow the first ACC offtake announcement, and the company’s expectations were the market would have a stronger reaction in the week following it and they’d be raising at significantly over $1.10. Apart from the initial bump on the announcement (even that was on relatively low volume) the market is just not interested. With the wheels in motion and an uncertain macro environment they went ahead with it anyway instead of pulling it. $20m seems unnecessary given what is supposedly happening in the next month and the SPP seems like a waste of resources. Again I’m left waiting to find out whether it is me or the market that has misunderstood what Talga are doing.