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I am wondering if this is the real deal? TLG pushed through $2.00 at open today, on top of the rise of $1.53 to $1.70 then to $1.91 at close last Friday.

Buying has been in fits and spurts; the selling into the rises is temporary. .... But we have been here before. November 2020 when TLG pushed above $2 and held for a week or two.

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On 11/8/2021 at 10:32 AM, nipper said:

I am wondering if this is the real deal? TLG pushed through $2.00 at open today, on top of the rise of $1.53 to $1.70 then to $1.91 at close last Friday.

Has been holding above $2 for the last 7 days, and the announcement today should underpin it. While a non binding MoU,  this Anode Testing Contract looks to secure increasing volumes of materials for larger cell trials and to complete qualification programs with agreed customers. Foxconn is the 4th largest technology company in the world.

TLG is pleased to advise it has entered into a Memorandum of Understanding with Long Time Technology Co., Ltd, a leading manufacturer of anode materials used in lithium-ion batteries. Headquartered in Taiwan, LT Tech serves global battery customers from four production centres utilising natural and synthetic graphite (the latter manufactured with hydropower). LT Tech is a publicly traded company, co-owned by Foxconn Technology Group, a Tier 1 contract manufacturer of electronic devices and, more recently, electric vehicle platforms.

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Talga are drilling out to prove up the Vittangi graphite prospect.  They have now received assay results from the initial six drill holes of this program, which were drilled at the Nunasvaara South deposit.  These holes were designed to infill and upgrade the status of ore blocks in the starter pit (Pit 4) of the DFS mine plan.

Some strong grades including 21m of 41% Cg in one hole, shallow and which is an exceptional number. All up there will be 50 odd holes drilled; full results over the next few months

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 The grades include some of the highest ever from the project, improving the potential to optimise the mine plan and upwardly revise ore reserves. 

 

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