Australia's largest stock trading and investment forum Australia's #1 stock forum

TLG

Click for more information

4.11%

38.0¢ talga group ltd

Spot on Gvan..great summary!!

First 12797 Last

Share
Profile

Follow
Hawks201345

57 Posts.

73

08/06/23

08:49

Post #: 68187098
Share

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.

Expand

Spot on Gvan..great summary!!

TLG Price at posting: $1.27 Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

CHM

Leukaemia patient shows complete response in Chimeric Therapeutics' latest trial

NEU

Neuren sees FDA greenlight for 3rd trial into children with Phelan-McDermid syndrome

NYR

Nyrada rat study shows no genotoxicity in brain injury drug NYR-BI03

Arika to pump $3.2M into gold exploration at WA's Yundamindra following strong maiden program

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

There are more pages in this discussion • 3,838 more messages in this thread...

First 12797 Last

Add TLG (ASX) to my watchlist

(20min delay)
Last 38.0¢		Change 0.015(4.11%)		Mkt cap ! $162.9M

Open	High	Low	Value	Volume
36.5¢	38.5¢	36.5¢	$227.9K	604.1K

Buyers (Bids)

No.	Vol.	Price($)
2	10166	37.5¢

Sellers (Offers)

Price($)	Vol.	No.
38.5¢	72299	3

View Market Depth

No.	Vol.	Price($)
2	10166	0.375
2	30113	0.370
10	70321	0.365
16	143010	0.360
4	30860	0.355

Price($)	Vol.	No.
0.385	72299	3
0.390	88921	4
0.395	70975	2
0.400	9536	3
0.405	30961	1

Last trade - 16.10pm 07/10/2024 (20 minute delay)

TLG (ASX) Chart