The top of this trend down was $2 in April'23. Its been downhill since. The last cap raise in Oct/Nov'23 was way oversubscribed.
We are now a lot closer to the bottom than we were in April'23 or the last raise in late'23 at $1.
For those not trying to time the market precisely but wanting in at a low probably around the bottom quartile its pretty enticing at the moment.
The downtrend will likely end when the Supreme Court decision is announced providing as is likely its in Talga's favour.
The loyalty options have a 2 fold purpose:
Raising funds in September 25. and
Encouraging holders to participate in the Raise. Plenty of holders do not trade or regularity buy or sell on market.
When will the SC decision be handed down? No one knows but not many go over the 12 month timeframe.
TLG Chart, page-3867
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Last
39.5¢ |
Change
0.020(5.33%) |
Mkt cap ! $169.3M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 40.5¢ | 38.0¢ | $304.9K | 778.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2564 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 10961 | 1 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| TLG (ASX) Chart |