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I haven't been watching this closely but the recent bounce has been sharp … paying more attention nowBeen 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 ?
It seems that a local stock promoter gave TLG a big review on the basis of its prospects. I'm guessing this brought in a bunch of enthusiastic investors who pushed the SP up for a couple of days - and then "someone" sold out when they though they had made enough.
Perhaps a pump and dump ?
You may well be right Bas, there are two things working against this stock, the price of Cobalt has fallen over 60% during the last twelve months and continues to fall. This is also a gold stock and gold got all excited for a number of days and now it is having a bit of a retrace. If gold rises again perhaps this may lift a bit.
The problem is Bas, there is no easy price chart to look at for Graphite as different forms of Graphite are priced differently. The prices of resource stocks tend to travel in the same direction as the underlying chart of that particular commodity. As a major part of this stock is Cobalt and the price of Cobalt is well demonstrated by charts the price of a stock is more likely to reflect what can be seen easily. Until Graphene and Graphite price can be easily referenced, the Cobalt price is likely to take preference as a price guide in my opinion.Not quite correct Ann.. TLG major interest now is Graphite and Graphene. It is developing high quality products which are very close to commercialisation .
They do have a new Cobalt mine and that will be worth some dollars but it is only a part of the picture.
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