TLG - Talga Group

[Country Lad]

The fast track pathway simplifies Project development and enables the Company to progress directly to commercial anode production of 19,000 tonnes per annum with commencement of construction in 2022 and production in 2023.

Market liked the news; up 10% at open but slipping. With green credentials (EV batteries, and hydropower energy, in a good neighbourhood) and a viable pathway, it is easier for ESG mandated funds to come on board.

I would expect the price to consolidate or tail off for a while. The main action has been the Talnode-C pilot plant and now that the completion of construction is 2 years away and production is 3 years away, eyes will likely be taken off TLG until these projects are progressed.

 

[Dona Ferentes]

I would expect the price to consolidate or tail off for a while. ...eyes will likely be taken off TLG until these projects are progressed.

its been "consolidating" for 3 years!

 

[basilio]

With green credentials (EV batteries, and hydropower energy, in a good neighbourhood) and a viable pathway, it is easier for ESG mandated funds to come on board.

I think this will be the key to strengthening the SP.
If a few ethical investment/renewable energy funds start taking a stake in the company it will underpin the SP.

I'm interested in how the next couple of years development will be financed and if Talga will be able to finance internally from sales or have to go back to the market.

 

[basilio]

BIG push on Talga this morning. 14% increase. Good volume.
No announcement and generally speaking Talga doesn't leak.
Perhaps this is some institutional buy in after the recent report ?

 

[Dona Ferentes]

BIG push on Talga this morning. 14% increase. Good volume.
No announcement and generally speaking Talga doesn't leak.
Perhaps this is some institutional buy in .. ?

and day follows night

Trading Halt: TLG considering, planning and executing a capital raising;

 

[basilio]

and day follows night

Interesting. Generally speaking a capital raising exercise results in a lower SP. Of course this time it might be different because they may have already lined up some new players at a good price and their presence on the books brings extra working capital and institutional backing to the company.

We'll see..

 

[Dona Ferentes]

....to raise up to $10 million through an institutional placement and had Canaccord Genuity in its corner as lead manager and bookrunner.

The offer was priced at 50¢ a share, which represented a 17.4 per cent discount to Talga's last close and a 12.1 per cent discount to the five-day VWAP, according to terms sent to funds.

 

[basilio]

Interesting to see strong demand for Talga shares while its still in the Trading Halt.
Clearly the market thinks the capital injection by an institution is timely and represents a good investment.

 

[Dona Ferentes]

....to raise up to $10 million through an institutional placement and had Canaccord Genuity in its corner as lead manager and bookrunner.

The offer was priced at 50¢ a share, which represented a 17.4 per cent discount to Talga's last close and a 12.1 per cent discount to the five-day VWAP

Talga has completed a review of its four JORC (2012) compliant graphite mineral resources within Vittanga to standardise parameters for increased accuracy in upcoming feasibility studies and enable better mine planning, permitting and reporting.

The review also identified significant new Exploration Targets to be tested along strike and at depth from current resources, providing potential for future additional resource growth. Highlights of results of the review include:
• Updated Nunasvaara South Mineral Resource Estimate defines 15% increase in total natural graphite resources at Vittangi
• Vittangi graphite mineral resource now stands at 19.5 million tonnes at 24.0% graphite (based on revised 10% cut-off grade across project)
• Vittangi remains the world’s highest grade natural graphite resource, set to play a significant role in battery anode production for the booming electric vehicle market
• Talga’s total graphite resource inventory in Sweden increases to 55.3 million tonnes at 17.5% graphite, representing the largest source of natural graphite defined in Europe
• Additional growth Exploration Targets totalling 26–46 million tonnes at 20–30% graphite defined within Vittangi and set to be drill-tested for potential further increases in scale
.

Giving confidence to buy side. today's lift take it to a high for the 12 month period (still below the earlier optimism)

(Hold ... a 10 bagger actually)

 

[basilio]

Interesting analysis Dona. Frankly I don't really buy the idea that the updated JORC assessments have been the trigger for the steep run in the last couple of days.

IMV TLG always had quite sufficient graphite resources to make a truckload of profit via its vertical anode production and the various promised partners. The increase in proven resources is great in the longer term but, I think, something far more tangible is on the table as far as production and sales.

I believe profitable sales now that make TLG truly cash positive and demonstate the market is buying its products would be far more powerful in terms of advancing the SP than resreves that have to sold 15 years into the future.
'........................................................
10 bagger Dona ! That's rich ! That has to take you back to mid 2013 when Talga had been doing it's initial drills for graphite in Norway.
Long haul and hopefully the real deal is not too far around the corner

 

[Dona Ferentes]

10 bagger Dona ! That's rich ! That has to take you back to mid 2013 when Talga had been doing it's initial drills for graphite in Norway.
Long haul and hopefully the real deal is not too far around the corner

Best Gold company I have ever bought; Talga Gold. Enjoyed the ride from WA goldie to graphite neophyte. The more I learn of Mark Thompson, the more I like his approach (including seeing off Grigor). First dabble was in 2012; all in all, put in $30k and taken out $27K over the years and now sitting on $35k holding ; best (and riskiest) was taking a punt on the 1:3 rights issue at 5c in 2013, when oversubscriptions were available for the brave (or foolhardy such as moi, but allowed me to double up).

But basically, lucky!!

 

[basilio]

Talga taking off again this morning. Currently up 11% after Fridays spurt.
Will be interesting to see if they getting a speeding ticket..

Perhaps there is some significant news in the offing.

(Or it could just be a clever pump and dump..)

 

[Dona Ferentes]

Talga taking off again this morning. Currently up 11% after Fridays spurt.
Will be interesting to see if they getting a speeding ticket..

Perhaps there is some significant news in the offing.

(Or it could just be a clever pump and dump..)

Some accumulation initially following from Friday's lift, then the HFTers get on board, for the final blowoff, I'd reckon.

Hit 92c, retreating to mid to high 80's

 

[basilio]

Still motoring along. Up 20%

Anyone prepared to pick the top ?

 

[Dona Ferentes]

Still motoring along. Up 20%

Anyone prepared to pick the top ?

thought you just did
?

 

[Dona Ferentes]

Talga Fast-Tracks Mass-Producible Silicon Anode Product

• Demand from European and US automotive and battery manufacturers for Talga’s silicon anode product Talnode®-Si drives 10x boost in commercial sample production capacity
• Customer feedback supports Talga’s commercial approach in using lower cost metallurgical-grade silicon and mass production equipment • Production of graphene-graphite precursors required to make Talnode®-Si added to the Niska process flowsheet and scoping study, pushing release to November
• Positive market feedback and technical development lead Talga to fast-track preliminary feasibility studies for stand-alone European silicon anode refinery

Li-ion battery producers are .... planning for the future, actively seeking batteries with higher capacity that can extend the range of EVs or increase the work time of portable electronic devices. Higher energy density can be achieved by using graphite anodes with increasing amounts of silicon and the automotive sector is expected to be the major source of growth, with predictions up to 40% of all EV batteries will contain some minor amount of silicon by 20262.

However, greater amounts of silicon in anodes tends to create problematic swelling, cracking and lithium consumption leading to various issues including shorter battery life. Additionally, the production costs of most silicon-based anodes is significantly higher than graphite based anodes. Talnode®-Si is a highly engineered composite of silicon and graphene-graphite, with materials and construction of the anode particles designed to manage swelling and increase performance, while using low-cost metallurgical-grade silicon for increased commerciality.

 

[basilio]

More news from Talga.
1) Appointment of a European CEO to drive the fast tracked silicon anode product
2) Presentation to CSIRO energy forum. Highlights the market for battery anode products.

SP at all time high 94c so there has been strong sopport over the past week.

TLG share price and company information for ASX:TLG

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[Dona Ferentes]

just hit, and closed, at $1.00

One of the better graphite stories. Took focus, and research; European location would help, too.

 

[basilio]

TLG is going nuts at opening. Already at 1.09 with few sellers around.
Whether this is based on analysts finally deciding it is a good thing or some new imminent news or FOMO or whatever - who knows.

Nice to see some solid green.

 

[basilio]

Getting a bit ridiculous now.. $1.18 ! Perhaps there is a serious announcement in the offing and this is a leak ?
Doesn't normally happen with Talga.