The below shows what TLG looked like in February 2023 - share...

The below shows what TLG looked like in February 2023 - share price of $1.69, with 334 million listed shares.

Since then, there was

• Capital raise later that month (February 2023) at $1.55
• Capital raise in November 2023 at $1.00
• Most recent capital raise in August 2024 at $0.38

Shares on offer (including dilution) of Loyalty Option is 489.3 million (refer to second excerpt)

In 17 months Talga have diluted shareholders by 46%, and the share price (unsurprisingly) has dropped 72% from $1.69 to $0.47

In context, this has happened concurrent with the 12 month wait for outcome from the Supreme Court, which Talga have said they cannot put any timeframe on (as its a process within the Court)

12 month delay for a process that Swedish Court website (refer to my prior post for the link or Google it) says generally takes 2 weeks

I hope the SC decision occurs within the next 12 months, as scary to extrapolate the dilution and share price trend forward if an outcome is not forthcoming

Shares outstanding Feb 2023


Capital structure Sep 2024