TLG, TALGA RESOURCES LTD

[mullokintyre]

Ouch, TLG hit by 12% fall.
And until supply chains get some sense of oder after the Cv scares, there will be further carnage.
When the dust settles will be some buying opportunities.
Mick

[nipper]

• Successful scale-up of Talga’s active anode supply for Li-ion batteries (Talnode®) in pilot processing of 60 tonne graphite ore sample from Talga’s north Sweden Vittangi project
• Milling and concentration program completed at toll mineral processor in Scandinavia achieves desired product targets using equipment up to 20x larger than that used in PFS work program
• Concentrate now progressing to next stage refining into Talga’s flagship anode product (Talnode®-C) for on-going development and larger customer qualification programs

Graphite anode is an advanced non-metal product that requires extensive physical validation by cell or battery manufacturers at increasing volumes prior to commercialisation. This is unlike most battery metals (such as lithium, copper or cobalt) that can be sold on a purity basis with little testing. The

[nipper]

Talga has received applications under the SPP in excess of A$6.0 million. The Company had previously announced it was targeting A$3.0 million under the SPP, with the Talga Board having discretion to accept oversubscriptions above this limit.

In response to the strong shareholder support the Talga Board has decided that all eligible shareholders who applied for shares under the SPP will receive their full allocation of shares...

as usual these small outfits have no idea how much they'll pull in.

Should help the S/P as future demand for capital is pushed back. Now 47c

[nipper]

In Reply To: nipper's post @ Nov 22 2019, 10:27 AM

...and now TLG is sending out a postcard, to eligible shareholders, reminding them the SPP closes on 06 Dec. Trouble getting money in the door?

[nipper]

In Reply To: mullokintyre's post @ Nov 21 2019, 09:24 AM

Yes, they appear to be the gang who couldn't shoot straight. The SPP documentation arrived and, lo and behold, there was no individual Reference Number among the BPay details. I rang up the registry, and eventually received a form populated with correct details.
...but do I want to invest and, if so, how much? Not $30k!

[mullokintyre]

In Reply To: nipper's post @ Nov 18 2019, 03:46 PM

Doesn't really matter now. TLG price is down to the issue price, so no great advantage in applying for more shares when you can buy on the market for same price.
It may even go lower if the general market feeling is negative.
Mick

[nipper]

In Reply To: nipper's post @ Nov 18 2019, 01:05 PM

Just went to TLG share registry, nothing there:

https://securitytransfer.com.au/investor-resources/

[nipper]

In Reply To: mullokintyre's post @ Nov 18 2019, 01:02 PM

with your HIN or SRN, can log into the CHESS sub-registry (is it Link ?) and get the pre-populated personalised form with BPay details for EFT. Should be up soon; also should get same as email today or tomorrow.


Hoffentlich

[mullokintyre]

In Reply To: nipper's post @ Nov 18 2019, 12:34 PM

I looked at the prospectus on the website that details how first in best dressed etc and that by using BPAY, you don't have to send in the forms.
However, each individual has to have their own EFT code to participate.
I presume that data will come out via snail mail or maybe email for those of us who elected to get their communications via email.
So those who get the EFT code first, will naturally be the first come first served dudes who get the lollies.
Where is the ASX, ASIC, the Fed Police, anybody who thinks that "all shareholders are to be treated equally" really means that.
The prospectus says that management reserve the right to oversubscribe.
Why the hell not, get lots money in while ya can.

Mick

[nipper]

In Reply To: mullokintyre's post @ Nov 15 2019, 09:59 AM

Mick, the little guy can never win

....presently intended that a maximum of 6,818,181 Shares will be issued pursuant to the Offer, which would raise a maximum of approximately $3,000,000. Applications will be accepted on a ‘first in, first accepted’ basis and will not be able to be withdrawn once made.

The Board presently intends that Offer will close after the maximum amount of $3,000,000 has been raised, however it reserves the right to accept oversubscriptions

The '' top chelons' are each kicking in $30k .... if, with a hundred early subscribers putting in full amount, then it's all over. No scale back, or at least I can't see mention of.