TLG - Talga Group

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All a bit sad on the SP front. A very promising update on the cobalt front - followed by SP drop, $12m capital raising at 60c and a further SP drop..

Very disappointed that discounted shares go to fat cats, while small holders are diluted.
Yes, I understand that a placement is more cost-effective than a broad-based capital raising. Still, the flip side remains that there's no consideration for "loyalty" and small holders anymore.
Market reaction speaks louder than words: If YOU (Talga) think your shares are worth 60c, we'll sell you down to that level.

 

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Right, Market sentiment has recovered after the reprimand in June.

Price and volume up, sp has even broken back above Gib 61.8% of the 2017 range. I hold, aiming for a 90c target.

 

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trying hard this morning to close the upper gap.
Will it also get to the lower one?

 

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still idling along on low volume, going nowhere,
I wish they'd close the gap and get on with it...

 

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heading for those gaps - at last!

 

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one gap closed.
three more threatening.

 

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Breakout Alert. (Raff Regression Channel)
I should have acted on Monday's Harami Cross; but buying today's confirmation may not be too late yet.

 

[tech/a]

Not one Id trade?

 

[basilio]

Talga has been drifting and then collapsing lower and lower for weeks now. From 60-80cents it dropped to below 50C - and then has sharply reversed. Has jumped from 48c to 58c .

???

 

[peter2]

It's taken some time but there's finally a close above 0.65 and a clear BO-HR.

 

[basilio]

There has been a steady consistent improvement in TLG SP over the couple of months. Now sitting at 87.5c with no particular news reported. Cautious optimism and perhaps a significant announcement in teh wings ?

 

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I wonder how long it takes for 92c to be broken.

The depth screen has it as only a minor hurdle with $1.00 and $1.04 offering more substantial resistance. But on the chart, 92c looks like some strong Fibonacci resistance.

W8NC

 

[basilio]

I knew I jinxed it when I noted the steady rise to 87c !

Back into (semi) free fall. No testing of 92c . Sad

 

[basilio]

Big announcement today on a breakthrough in Li-Ion battery performance. Should give them a decent boost in marketing their new anodes. Initial jump in SP looks good.

Advanced material technology company, Perth-based Talga Resources Ltd ,is pleased to announce it has
achieved a significant breakthrough in the performance of its graphite anode
material in commercial-size cells for the lithium-ion (“ Li-ion”) battery market.
In tests at leading global independent facility WMG, part of the University of
Warwick’s Energy Innovation Centre, Talga’s graphite anode material was
benchmarked against a current market leading anode graphite product.
A summary of the battery test results is appended below in the Technical
Summary section. Highlights are as follows:
Test Results -
. Performance benefits over reference anode graphite
20% higher capacity (total energy)
•
20% higher power (fast charge/discharge)
•
No capacity fade after 300 cycles (>99% energy retention)
•
94% first cycle efficiency
•
Successful scale up - from half coin cells to commercial size pouch cell

http://www.talgaresources.com/irm/PDF/2226_0/TALGABREAKTHROUGHINLIIONBATTERYPERFORMANCE

 

[basilio]

TLG has been practically in free fall since the May announcement ! There were around the 80c mark and now stand at 58c. Doesn't really make sense (despite the capital raising again...) . Anyone have any suggestions on why the loss in confidence ?

 

[basilio]

I think it will have to turn soon. (trouble is I have picked it in this months comp and that is always a bad sign..)
But surely we have to see some commercial news soon ?

 

[basilio]

I think it will have to turn soon. (trouble is I have picked it in this months comp and that is always a bad sign..)
But surely we have to see some commercial news soon ?

Talk about the Kiss of xxxxxx Death..! A mere 30 secs after this post ( or 10 minutes.) TLG went vertical and not in a good way.

Currently sitting at 51c a drop of 12% . Ah well. I guess that just means the recovery when this all gets sorted out will be so much better in August.

 

[basilio]

The Quarterly accounts came out and there are just no nasty surprises in TLG. There are multiple options for selling graphene products which will have longish lead times while companies test the products but as I see it this will turn. The development and sale of the Cobalt interests will also turn a good dollar.

I understand the recent sharp falls in the SP have been due to some investment houses being taken over and a subsequent sell off of the TLG shares. I think at 51c it is exceptional value.

 

[barney]

The Quarterly accounts came out and there are just no nasty surprises in TLG. There are multiple options for selling graphene products which will have longish lead times while companies test the products but as I see it this will turn. The development and sale of the Cobalt interests will also turn a good dollar.

I understand the recent sharp falls in the SP have been due to some investment houses being taken over and a subsequent sell off of the TLG shares. I think at 51c it is exceptional value.

After having a quick read through their recent Quarterly I'm inclined to agree @basilio

With close to $20 million in the coffers after the recent cap raise at a much higher price ….

and technology that looks to have some serious future commercial potential, this might be a good stock to try and bottom feed on over the next few months

 

[basilio]

Been quite a sharp turn with Talga.

It continued to slide with persistent selling until it reached 43c. However there was a significant announcement of a partnership with a packaging comapny to use graphene about 5 days ago and since then the SP has jumped to 60c.

Still a long way below where it should legitimately be but the strong buying interest suggests confidence in the immediate future. Maybe an imminent announcement ?