Very nice of shorts to hold the price up so holders can take up the SPP offer.
I hear they're usually a very generous bunch towards retail.
Talga doing a raise by SPP only might have caught some off-guard who were expecting to close out positions via a large placement.
Now the company will be funded for another ~6 months, shorts are exposed to Talga hitting a lot of upcoming milestones before an easy exit event for them:
-Appeals dismissed
-Offtakes move to binding
-Tal-Si study released
-Tal-Si offtakes?
-Vittangi's status within the CRMA?
All of these likely happen before Talga do a substantial raise to fund capex
TLG Chart, page-2987
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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 |