I think this raise will be an afterthought in 6 months time, my personal opinion . That’s investing, if you prefer less volatility and more certainty , invest in a blue chip stock , depends on your risk appetite. But don’t grumble because of a capital raise by a company striving to build a business , that’s the whole point of being listed on an exchange to provide funds for growth , plus to remain a going concern (keeping the lights on).
In relation to talk of Talga being a lifestyle company , that’s nonsense , noting the milestones of environmental approval, eu strategic designated project , binding offtake etc. It has taken longer than hoped , but I don’t think Mark isn’t trying to develop the business . I’ve seen Lifestyle companies, that de-list and re-list on other exchanges in a protracted effort to milk investor funds with nothing to show but hopes and dreams. In my opinion Talga is not this, too many facts to the contrary for it to be just a house of cards, politicians involved , strategic project etc. Get a grip, or invest somewhere else if you can’t stomach the risk / volatility . Simples.
TLG Price at posting:
47.0¢ Sentiment: Hold Disclosure: Held
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