Australian (ASX) Stock Market Forum

TLG - Talga Group

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basilio said:
Ann you need to look at the overall picture of TLG rather than relying on one dimension graphs.
Click to expand...

This is 98% of how I trade stocks, it works for me. I have no desire for bedtime stories from self interested company directors. I also try not to create stories in my own head. The few times I have told myself a stock will climb because of.....whatever my imagination invented, I lost. I will stick to my 'one dimensional graphs' as they hold all the information I need to know about how a company is traveling regardless of the exciting stories the stock may conjure in the imagination.


basilio said:
TLG isn't graphite. The mines they have enable them to practically mine pure graphene. On top of that they decided years ago to value add to the product. In that context they have developed a number of excellent products using their mined graphene.
Click to expand...

Value adding is always a good way to go but again, we have to look at the cost/benefit of value adding. Is it viable? I don't know the answer to this but I look to the chart, it will confirm a truth or not. I checked where the stock jumped in February and sure enough it was all about the Talga Anode. Again today there is another price jump related to the Talga anode.

Now to the chart...

Looking at the chart I see a double top at around 0.66c which has now created an overhead resistance to overcome, once this is overcome the next potential resistance line is 0.85c which has failed three times. Above 0.85c it is in Blue Sky area. (No more historic overhead resistance to hinder it).

tlg 21.3.19.png
 
Two days of big volumes and sharp SP increase. Has jumped from 63c to 71.5c. No announcements but they have always said there was an imminent commercial announcement regarding the upgraded anodes.

We'll see.
 
Seems I wasn't the only one looking at TLG today. :xyxthumbs
I've added a position in TLG to the ASX40Pos portfolio.

tlg290419.PNG
 
Kiss of Death strikes again.:(

TLG drops like a stone today. Well 10% anyway. They had their quarterly report which seems quite encouraging. Looks as if some investors have decided to take a profit very early.
 
basilio said:
Kiss of Death strikes again.:(

TLG drops like a stone today. Well 10% anyway. They had their quarterly report which seems quite encouraging. Looks as if some investors have decided to take a profit very early.
Click to expand...
It reached it's breakout target exactly. Big pattern was the descending wedge.
 
Gringotts Bank said:
It reached it's breakout target exactly. Big pattern was the descending wedge.
Click to expand...

Did your pattern predict a further 10% drop ? TLG has dropped from 71.5c to 57c today !!

WTF ? I'm clearly going to win this months Stock Picking competition - just from the wrong end...:(
 
basilio said:
Did your pattern predict a further 10% drop ? TLG has dropped from 71.5c to 57c today !!

WTF ? I'm clearly going to win this months Stock Picking competition - just from the wrong end...:(
Click to expand...
No I was expecting a small pull back where I could enter. Apparently there's concern about cash reserves.

x.jpg
 
Elleng said:
0.52 now... what is going on?
Click to expand...

I just took a look at yesterday's Quarterly Report.

Quarterly loss of $2.713 million and a $8.042 million loss in the first three quarters of this financial year. $10.945 million cash left in the bank.

I don't know much about TLG but when are these operating losses expected to stop?
 
Up 11.82% so far today...
Talga Resources reports positive study results for Vittangi graphite project, production of lithium-ion scheduled for 2020

Australian advanced materials technology company Talga Resources (ASX:TLG) has reported “highly positive” results – including a pre-tax net present value of $1.5 billion – from a preliminary feasibility study for its wholly-owned Vittangi graphite project in Sweden.

The study confirmed the project to be technically and financially robust with “outstanding economic returns”, based on a staged conventional open pit mine with onsite concentrator and coastal anode refinery to produce a high-performance lithium-ion product trademarked as Talnode-C for the global battery supply chain.

It has been designed as a low capex, toll processing operation over two years to feed a Stage 1 anode refinery for the output of approximately 2500 tonnes per annum of Talnode-C. More...
 
Clearly lots of peeps read the SmallCaps website and decided this was worth piling into.
The important trick is getting decent sales ticking over for their current battery technology.
 
basilio said:
Another announcement on testing ....

Be nice to see some immediate commercial results somewhere in the company.:(
Click to expand...
and the recent capital raise .. .. goes towards funding the last stage of development prior to planned Stage 1 financing of the Vittangi Graphite Anode Project.

Use of funds includes scale up of Talnode®-C for customer qualification, progressing the Vittangi Graphite Anode Project Stage 1 DFS, advancing Talga’s north Sweden projects for battery anode products and graphene additives, and general working capital..

Not much mention of immediate commercial results there
 
I think 2020 will bring together the commercial realisation of its anode technology and a spin off of its cobalt mine. Hopefully a very good year.:rolleyes:
 

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