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TLG, TALGA RESOURCES LTD
nipper
post Posted: Feb 1 2021, 10:15 AM
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In Reply To: nipper's post @ Jan 8 2021, 10:26 AM

QUOTE
TLG has traded consistently above the $1.45, ....
until the SPP ended.


Always a source of bemusement, when stags and corporate rebasing meet, and retail bunnies look on with curious detachment.On the day after the SPP closed, announced 3x uptake from $10m to $30M, and allocations made, then TLG dipped below offer price, getting to $1.39 on low volume it must be said.

Given the strong support from shareholders, and the potential to bring forward a number of development opportunities and further de-risk project development, the Talga Board has exercised its discretion under the terms of the SPP to increase the size of the offer to ~A$30 million.
QUOTE
Activities planned to be brought forward using the additional capital include:
• Completion of 25,000 tonne trial mine at Niska South and subsequent production of up to 5,000 tonnes of commercial Talnode® product samples;
• Commencement of early stage infrastructure works and securing long lead items for the commercial 19,000 tonnes anode per annum Vittangi Anode Project with planned 2023 production start;
• Increased drilling to expand Talga's Swedish graphite resources and upgrade/deepen its Vittangi resources across Nunasvaara South (DFS expected March 2021), Niska South, Niska North and Nunasvaara North (Scoping Study released 7 December 2020); and
• Accelerate the development and commercialisation of next generation Talnode® products including silicon and solid state anodes.


Quarterly is out ... and the
In response to customer feedback, potential expansion options for the Vittangi Anode Project were considered in a stand-alone scoping study of the graphite resources to the north of the Nunasvaara South deposit; Nunasvaara North, Niska South and Niska North. The Niska production would add to the existing plans of a 19,000tpa operation1, due to commence production in 2023, and take Talga's total Talnode®-C production to >100,000tpa by 2025-26.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jan 20 2021, 10:07 AM
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Talga Upsizes Heavily Oversubscribed 
 Share Purchase Plan
QUOTE
The SPP, targeting A$10 million, was heavily oversubscribed with eligible applications received for A$53.5 million at the issue price of A$1.45 per share. Talga received 3,991 applications, representing a participation level of ~53% of eligible shareholders
Given the strong support from shareholders, and the potential to bring forward a number of development opportunities and further derisk project development, the Talga Board has exercised its discretion under the terms of the SPP to increase the size of the offer to ~A$30 million.

The strong demand from eligible shareholders necessitates a significant scale-back of SPP applications. Scale backs have been applied using a range of factors outlined in the SPP Offer Document including trading activity since the SPP Record Date and metrics to reward longer-term shareholders.
So, complex calculations. An oversubscription x5, and a tripling of amount raised. Derisking, yes, but diluting, too. Still,, rather it benefits retail than the big end.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jan 8 2021, 10:26 AM
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In Reply To: nipper's post @ Dec 15 2020, 08:44 PM

less than a week to go, for the SPP (unless it closes earlier):


TLG has traded consistently above the $1.45, (went as low as $1.54 but usually closer to $1.70 and now nudging $1.92), so there is every likelihood it is oversubscribed. On previous form, the company has only ever taken in what it set out to raise, so the prospect of scaleback looms. From the offer:
As the SPP is not underwritten, the SPP may raise more or less than this amount. If the SPP raises more than A$10 million, Talga may decide in its absolute discretion to accept applications (in whole or in part) that result in the SPP raising more than A$10 million.
and the tricky bit ...
QUOTE
If Talga decides to conduct any scale back of applications ....[it] will be applied to the extent and in the manner Talga sees fit, which may include taking into account a number of factors such as the size of an applicant's shareholding at the record date, the extent to which the applicant has sold or purchased shares since the record date, whether the applicant has multiple registered holdings, the date on which the application was made and the total applications received from eligible shareholders.




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Dec 15 2020, 08:44 PM
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• Talga is undertaking a fully underwritten placement to raise A$25 million

• Proceeds will be used to fund the Electric Vehicle Anode (EVA) pilot plant as part of the development of the Vittangi Anode Project located in northern Sweden

• Placement issue price of A$1.450 per share, representing a discount of 17.8% to the last closing price of A$1.765 per share as at 14 December 2020 and a 17.3% to the 1 month volume weighted average price (VWAP) of A$1.754

• Talga is also undertaking a non underwritten Share Purchase Plan for all eligible shareholders to raise up to A$10 million.




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Nov 24 2020, 10:41 AM
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In Reply To: nipper's post @ Nov 11 2020, 02:29 PM

Talga Appoints Morgan Stanley as Financial & Transaction Advisor. 18 Nov
QUOTE
Morgan Stanley has strong commercial relationships with existing and potential Talga battery anode customers and joint venture/ development partners, and has acted in various M&A, corporate advisory and capital market roles for a range of major EV industry participants.

ABB and Talga Sign Agreement 
 for Swedish Battery Anode Project. 24 Nov
QUOTE
Under the MoU, ABB will utilise its industrial automation and electrification expertise to develop and co-ordinate an extensive suite of production control and process solutions for Talga's vertically integrated lithium ion battery anode operations. In addition, ABB will work together with Talga and its partners to provide engineering support for the Vittangi Anode Project Definitive Feasibility Study, due for completion March 2021, with the intent to execute binding agreements for construction and operations in future.


now trading above $2 a share. (both Announcements not Market Sensitive)



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Nov 11 2020, 02:29 PM
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In Reply To: nipper's post @ Oct 23 2020, 11:24 AM

Not complaining, because I hold quite a few, and have resisted selling, but now Talga is pushing above $1.80.

No news (apart from the reality of bypassing pilot plant straight to anode production)



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 


nipper
post Posted: Oct 28 2020, 03:14 PM
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In Reply To: nipper's post @ Oct 23 2020, 11:24 AM

enthusiastic buying up to $1.25. ... with a 15% lift today. TLG has got to be close to blow off, though. Nothing announced, a good presentation at a CSIRO conference, but that was a fortnight ago.



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Oct 23 2020, 11:24 AM
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In Reply To: nipper's post @ Sep 21 2020, 10:31 AM

and TLG made it through $1.00



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Sep 21 2020, 10:31 AM
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In Reply To: nipper's post @ Sep 18 2020, 03:51 PM

still running. got to 92c and that is alltime high (though some dilution along the way). Now pulling back a bit.



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Sep 18 2020, 03:51 PM
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In Reply To: nipper's post @ Aug 5 2020, 09:44 PM

delayed reaction, probably, to the notification from yesterday
QUOTE
... announce significant increases in the natural graphite mineral resources within its wholly owned Vittangi Graphite Project....
could even be Europe based buying? up nearly 20% to 75c




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 


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