TLG 2.60% 37.5¢ talga group ltd

re: News: Talga provides update on Swedish gr... I cant find any...

  1. 897 Posts.
    re: News: Talga provides update on Swedish gr... I cant find any reference to TCL is registered in Sweden by
    Talga unfortunately. TCL was owned by Teck and registered as a subsidiary which is a different thing. These tenements were purchased after the aquistion and needs to be registered in TLG's name.
    Whether it means a new entity or a change of ownership
    registration doesnt change the fact that work permits
    cannot be granted before its complete. It could be the
    delay factor which probably will be sorted before the
    winter season kicks in. SCR which was taken over
    by Hannahs did drill around Kiruna in winter but
    took them a long time to convert their resource to JORC
    From memory near 1.5 years in fact. Recently another
    oz explorer also converted into NI-43-101 whick took a
    long time.

    dont think TLG will encounter many problems in Sweden
    with the company registration.

    the latest capital raising does not appear on the last 5b
    as well as issued shares is not correct. I reckon Talga
    has about 3 million in cash which will take them into
    jun/jul next year.


 
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