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TLG - TALGA GROUP LTD


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rom the AFR :

 

From time to time, renowned prospector Mark Creasy's investment activities have taken him away from his home patch in the West Australian goldfields to more exotic locales such as the Philippines and Cameroon. Now he can add Scandinavia to the list.

 

About a month ago, Creasy participated in a small share placement by Talga Resources, a graphite play with extensive interests in Sweden acquired from Canadian major Teck Resources.

 

Through the placement, Creasy's Yandal Investments vehicle has picked up a 4.13 per cent stake in Talga, making it the second-largest shareholder in the company, behind managing director Mark Thompson.

 

Though Thompson, an ex-WMC geologist, is a fair bit younger, he and Creasy have known each other for a long time and share a mutual interest in prospecting. Once a month on a Friday afternoon, they catch up with a bunch of like-minded fellows at the Celtic Club in West Perth.

 

Explaining his reasons for investing in Talga, Creasy says he regards Thompson highly and believes the company has a reasonable chance of success.

 

He is familiar with Sweden's geological potential, having hitchhiked through the country in the early 1960s. During that trip, he tried to get a job at the giant Kiruna iron ore mine ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ without success.

 

Talga's performance to date has been nothing like that of the standout graphite stock on the ASX, Syrah Resources.

 

But therein may lie another point of appeal for Creasy: it is much easier to see upside with Talga capped at $3.5 million than it is with Syrah capped at almost $440 million.

 

Thompson says Talga is initially planning to produce 70,000 to 90,000 tonnes of graphite a year from two mines in Sweden, a little less than half the annual production Syrah expects from its Balama project in northern Mozambique.

 

He believes Talga is better placed geographically to supply European and American customers eager to source supply from outside of China.

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Don't know whether anyone else has had a chance to listen to the BRR most recent presentation but worth 27 or so minutes imo out of your life!

 

Mark THOMPSON! Seems to know his stuff!

 

Capex suggested in video of 30 - 40 million.

 

As I understand it 400ktpa for 70ktpa of which 90% will earn around 550 per ton and 10% around 1400 per ton! Didn't realise that electric cars can require up to 100 kg of graphite and it's part of China's five year plan. Also interesting was an operating mine stats in Sweden given the low copper grade! As I said well worth a listen!

 

Look forward to the scoping study early next year as the costings imo will be compelling! :biggrin:

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Noticed SER now VXL is due to list next week. Also noticed the indicative current market cap relative to TLG. I do like this stock as a comparitive to TLG given the resource size and nature. Again as I've come to learn with numerous stocks over the years imo one stock though slightly more advanced and appearing to be reaping the rewards of extrapolating the higher grade graphite more quickly appears to be correctly or incorrectly indicatively priced or in this case TLG imo is extremely undervalued! :biggrin:

 

 

Comments appreciated! :biggrin: And pleaase dyor! Roll on the first quarter for TLG as some major announcements to be made.

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Another interview with MiningMaven conducted and worth a listen:

 

Talga Resources (ASX:TLG) is an ASX listed graphite focused exploration and development company with operations in Northern Sweden. The company was featured in the recently published MiningMaven article which identified it as one of 3 seriously undervalued ASX listed resource stocks. There are many compelling reasons for Talga's inclusion in this list; for one, the company is sitting on the world highest grade graphite deposit, secondly renowned Natural Resources investor Mark Creasy has acquired a 10% stake in the company.

 

Just remember that only a small percentage of their area to date has had analysis done on it! Graphene results due in the next couple of weeks and scoping study in this quarter! Still lagging considerably relative to it's peers!! As usual please DYOR!! :biggrin:

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mme: You are no longer just speaking to yourself... I have recently taken a small position in TLG. In view of this company's really tiny market cap, I see a lot of upside here - correctly or wrongly, of course. Already pleased to see TLG's sp going up to the important 10c mark.

wasa

P.S. Do you happen to be known also as "sle"? Just curious...

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Yes to your question.

 

TLG released the quarterly last night. Nothing really new in it and they will need cash end of this fin year. Mark THOMSPON certainly appears to know his stuff when it comes to graphite so I'm hoping he'll steer the good ship TLG into prosperous waters over the coming months and then into the future. Must remember that the killer project has still 90% of resource to be discovered from memories and if the results from Adelaide come up trumps it put a whole new better perspective on this company's prospects! :biggrin:

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From their website from an article released yesterday!

 

 

Talga produces graphite but the turbo charge comes from its graphene production

 

Talga announced a capital raising today for $1.7 million at 8.5c per share which it will use to begin

 

upscaling the Unasvaara test work at its project in Sweden to measure both graphite and graphene yield

 

and characteristics.

 

A respected analyst commented today, "Talga's Nunasvaara ore body in Sweden has grades at 25% with

 

an extraordinary characteristic that enables production of graphite without having to crush and grind

 

which means major operating cost saving as well as saving on capex.

 

"A simple process enables production of the highest grade graphene, without the defects in the production

 

of graphene caused by other processes involving acids, milling and high pressures.

 

The analyst said, "The project looks good on graphite alone, but the turbo charge comes from graphene -

 

graphen is to graphite what gold is to silver. Talga could produce graphite and graphene in a 9:1 ratio . It

 

will be able to produce graphene cheaper than any other known or prospective producer - not just under

 

cut by a useful margin, but at 10% of the cost of everyone else".

 

He added the project is currently at benchmark stage and has to be upgraded to pilot production stage but

 

this should not prove difficult and if successful there is "Poseidon like potential for the stock".

 

THIS IS WHAT MAY OF EXCITED THE MARKET YESTERDAY! :biggrin:

 

"It will be able to produce graphene cheaper than any other known or prospective producer- not just under cut by a useful margin, but at 10% of the cost of everyone else."

 

 

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