TALGA GROUP LTD (ASX:TLG) - Permitting - current status, 59385479, page-85 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by Beach42: ↑

It was in 2011 at a Hong Kong mining conference when managing director Mark Thompson dropped his plans for a gold mine to pursue a fortune in graphite.

The previous owner of that mine was Teck Resources, a Canadian company that was looking for copper and gold. Talga Resources got in contact with Teck and ended up acquiring the mine.

If you bet on a startup with no existing products there is a huge risk that it will never make it to the market. History has shown that less than 5% of game changing startups will become a major player itself.

Korean companies are securing essential patents related to the commercialization of graphene. The website graphene-info.com writes that between 2005 and 2013 nearly 3000 graphene-related patents have been applied for alone in Korea. On the forefront of this are Samsung, followed by LG.

Talga highlighted that the EU consumes 20% of the world's natural graphite production and imports 95% of it.
Talga is directly competing with its Asian counterparts in a competitive worldwide market. In mining - but also in other areas of business - this has proven to be devastating for European companies since cost of operations almost never can be as low as in Asia. China plays every card they have and they will do so also in the future.

Since natural graphite is already made of graphene, to separate graphite to graphene it is very expensive and hard to scale up. Due to the world's highest grade resource in the world and the new processing method Talga claims they will be a game changer and will ultimately be the world's biggest graphene producer.

In 2013 and after its gold ventures in the early days Talga still described itself as a ‘mineral exploration & development company’

In 2014 Talga tried to get rid of the old gold and iron-ore projects.

In 2015 they started to call themselves a ‘Technology company’. This was after they added ‘strong technology capability with over 20 PhDs and Engineers with energy product experience including: ex-Toyota, Tata, Dyson and Cambridge University alumni.’ The company moved from metallurgical breakthroughs in the lab to benchtop scale in their demonstration plant.

In 2016 Talga called itself an advanced materials company. And stated that they are a ‘Technology minerals company commercializing the world's highest grade natural graphite project to mass produce graphene and related products’

In Talga words: ‘Talga aims to enable large commercial graphene applications which have to date been impeded by absence of bulk supply and prohibitive pricing.’

Talga also said they would be able to produce high volume for low cost. Talga assumed $55/kg ($55,000/t) for future bulk pricing in its scoping study. Something that analysts said will be very hard if not impossible to achieve.

In 2016, first samples were shipped to end users. Talga also announced a collaboration with Tata Steel UK. In the months and years that followed a huge amount of partnerships and collaborations were reported. Most of them were so-called NDS, non-disclosure agreements.

Talga’s focus shifted again. This time the focus is a lot more on batteries. Talga started to call itself a ‘a vertically integrated producer of advanced battery anode materials and graphene additives’.
There wasn’t much news about the graphene additives anymore. Does this mean that potential customers didn’t bite on the samples? Well, this is hard to say. Talga has a lot of partnerships but for most of them we don’t know what the deal is.

Pablo Alto Rumor's
Talga has created a research and product development team in Cambridge and presented some impressive test results. On social media managing director Mark Thompson was seen flying to Pablo Alto only days after releasing some spectacular result for their anodes. He commented his tweet saying ‘Pablo Alto is calling’. This was music to the ears of investors. However, there wasn’t too much news that followed in the months after.

Talga is targeting commercial production in 2023 and is currently engaged directly with a range of major battery manufacturers and automotive OEMs. Personally, I believe 2023 is too early for a commercial production.

In November 2019 Talga launched a commercial-scale trial of graphene coating on a cargo vessel. The product is an on-site dispersible powder that adds graphene to paints and coatings. In December 2019 Talga announced a second commercial scale graphene coating on a ship. Since then we have not heard any news regarding this trial. In May 2020 Talga announced that it will supply coated anode products to lithium-ion battery giant Farasis for evaluation.

Some time ago, a board member who happens to be a managing partner of Talga's 4th biggest shareholder, has resigned from the board.

Mine approvals for stage 2 were scheduled to occur between Q3 2019 and the end of 2020. In the latest company presentation it was moved to Q2 2021 and the first quarter in 2022. We have seen some of those delays over the last couple of years already.

Samples of both graphite and graphene products have been sent to various companies all around the world over the last 4-5 years. However, so far no major deal could be closed and only minimal revenue from those samples was generated.

Expand

Complete Turkey.

Never drill a hole or tell the result and spoil the story.

Keep stringing people along and take their money.

Perfect lifestyle business.

Very common in Australian mining businesses.

The Board will not even leave Aus. Just pay someone to be a CEO in Europe. TWO CEO for the price of a CR. Brilliant.

Not one announcement of substance for over 15 months.

Progress is so bad. The Board decided to have a private AGM for their mates in Perth. Screw transparency. Screw the retail shareholders.

The stock even got pumped prior to LKAB pulling out.

Based on the facts. Retail shareholders are having their pockets picked by this Board.

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(20min delay)
Last 39.5¢		Change -0.010(2.47%)		Mkt cap ! $169.3M

Open	High	Low	Value	Volume
41.5¢	41.5¢	39.5¢	$222.1K	546.6K

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