Currently 380m shares
If fully subscribed there will be $14.5m / $0.38 = 38m new shares
420m float at $0.40 = $160M market cap.
I think the IP might be worth circa $20M - $40M
If it were to drop 40% of current market cap - I.e to $60M ($0.16) then I think the IP alone may be able to support that price and the SC decision is upside
Ideally single digits $0.10 ~ $42M would be where I'd be really comfortable buying
I'll take a cue from Mark - he's not buying at these prices, as I think we share similar opinions as to when the SC decision may come (if at all)
Talga TLG - General Discussion, page-729
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Last
61.0¢ |
Change
0.030(5.17%) |
Mkt cap ! $261.6M | |||
| Open | High | Low | Value | Volume |
| 58.0¢ | 64.0¢ | 57.0¢ | $2.050M | 3.422M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 50903 | 60.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 29998 | 1 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| TLG (ASX) Chart |