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
Very nice of shorts to hold the price up so holders can take up...
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Last
38.0¢ |
Change
0.005(1.33%) |
Mkt cap ! $173.6M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 40.5¢ | 38.0¢ | $141.0K | 359.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8101 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 12206 | 3 |
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| Last trade - 11.55am 30/09/2024 (20 minute delay) ? |
| TLG (ASX) Chart |