TLG 3.33% 58.0¢ talga group ltd

Drop in SP appears to be nothing more than sentiment with a...

  1. 840 Posts.
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    Drop in SP appears to be nothing more than sentiment with a little bit of panic selling mixed in. Most people (retail investors) buought TLG as someone tipped them off on a great opportunity to buy an undervalued stock, and it must have seemed that way for a little while as the SP travelled up to the $2 mark. Now, those same people will be watching the SP fall but not understanding why; and panic sets in.

    The catylist for all this was the divestment by Smedvig, this is where the share price started the downward trajectory, and new investors began to doubt the TLG dream. Sentiment changed and panic selling sets in.

    Anyone selling just before the DFS must be desperate. While the DFS is not expected unearth anything drastically new for investors, it should be a turning point for TLG and open the door for JVs etc. which is naturally good news, right?

    The fundamentas of TLG have not changed, the drop in SP is not due to any bad news story, there needs to be a level of rational applied when trying to understand the peaks and troughs of the SP.

    Talga Group will be valued at many times it's current MV in the not too distant future, most on here who understand that. Until such time there's bad news, anyone even considering selling before this month is out should probably have not invested in the first place. This is a slow burner that could go off at any point, don't miss out. Hold tight.

    Remember, above all, the fundamentals have not changed, and TLG remains positioned to have a big say in the EU BEV market over the coming years.

    Sit tight folks and perhaps add a little if you can...
 
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Last
58.0¢
Change
-0.020(3.33%)
Mkt cap ! $220.2M
Open High Low Value Volume
59.0¢ 61.0¢ 57.5¢ $1.245M 2.074M

Buyers (Bids)

No. Vol. Price($)
3 70853 57.5¢
 

Sellers (Offers)

Price($) Vol. No.
58.0¢ 27593 1
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
TLG (ASX) Chart
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