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49.5¢ talga group ltd

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Hawks201345

57 Posts.

73

08/06/23

08:49

Post #: 68187098
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Originally posted by Gvan: ↑

I think what others have said on here is most accurate, that short sellers have had a field day with Talga but hopefully that ends soon if we get positive news on the 14th and 21st. The downtrend escalated after exact dates were known. Finance & purchase agreements are dependent on getting over this final step of permitting, so that means no surprises to the upside until after these dates. Add to this the uncertainty these appeals have caused. They are aware of this and took advantage.

Take into further consideration that anode pricing has been in a slump and that the overall market is not exactly on a bull run with further rate hikes in Australia. It isn't just Talga, the stocks on my watchlist have been lifeless.

Anyway, we'll see what happens - if we can get through these dates without delay then project debt financing will soon follow. As Mark Thompson said in the latest webinar, the EIB's due diligence is very high. If Talga gets the tick of approval for finance, larger institutional investors will see this as Talga being de-risked and at that point will be jumping in. That is when the company then gets the sustained re-rate that patient long term investors have been waiting for.

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Spot on Gvan..great summary!!

TLG Price at posting: $1.27 Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 49.5¢		Change 0.000(0.00%)		Mkt cap ! $188.1M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
3	4500	52.5¢

Sellers (Offers)

Price($)	Vol.	No.
50.0¢	5588	2

View Market Depth

No.	Vol.	Price($)
3	4500	0.525
2	4000	0.520
1	78	0.510
3	52380	0.500
1	11500	0.495

Price($)	Vol.	No.
0.500	5588	2
0.510	4676	2
0.515	15000	1
0.520	4008	2
0.530	5000	1

Last trade - 09.27am 29/07/2024 (20 minute delay)

TLG (ASX) Chart

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