TLG 1.14% 43.5¢ talga group ltd

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  1. 753 Posts.
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    I sold last week, thank god.................should have sold a lot earlier. I burnt a lot of money here. The primary reason I sold is that I need the money for something else.

    I like this company and I like the product, but
    - It is obvious there soon needs to be a capital raise,
    - Without SC decision in our favour the CR has to be less than current market,
    - With SC decision in our favour (soon) and then capital raise the market price will obviously increase.

    The only reason I can logically see for management holding off on a CR is they are banking on the SC decision being very soon.

    Am I missing something ??

    By the way if the price keeps going lower I will be tempted to buy back in again !!

    Ta
 
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9 21409 43.5¢
 

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Price($) Vol. No.
44.0¢ 16597 10
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Last trade - 15.53pm 24/07/2024 (20 minute delay) ?
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