Again, you pick and choose comments I make, without considering the context
How about the numerous comments I've made about how Talga should take a more pro-actice approach by exerting political pressure, or otherwise, to press the SC into deciding.
As I've compared before - what would Elon do? what would Trump do? My guess is certainly not nothing.
Most mining companies don't just build plants (that incur capex) prior to full permitting being provided.
For the same reasons, the mine permit (without being subject to the outcome of the SC appeal) is the last step to finding equity / debt partners
But hindsight is a good thing.
I remain gobsmacked that we are approaching 365 days and Talga aren't making a storm politically and/or in the media. Strange behaviour.
Looks like the couldn't even raise $5M at $0.38.
Hopefully this sends a strong message to management about what will happen if there is further delays and the cash runs out. If no one is raising at $0.38 now, imagine how difficult the next CR will be.
For this reason, I'll heavily limit my downside here - capital preservation is fundamental. If I miss out on upside (that requires untoward risk) that's okay with me.
The untoward risk is a share price in single digits. Glad I trimmed at $0.70.
Elon's company is making great returns on that same capital for me
TLG Price at posting:
46.0¢ Sentiment: Sell Disclosure: Held
(20min delay)