TLG Discussion 2022

Semmel · 2024-07-22T03:32:11+1000

WheresTheMonkey said:
Yeah…….maybe but depends on what your employee plus contractor and fixed costs like rents are.

I guess if you slash to the very bone maybe but evaluations would be unavoidable as would qualification costs. You need those to continue

Exploration you could slash

They should have done a bigger raise last November but they didn’t look at the historical time frames of the SC it would seem. TLG should have asked our own lawyers

They swallowed the BS cordial of a 4 month time frame that the SC puts out there

Just like we all did

If you are correct and I f@@king hope you are the shorts are walking into an ambush

I'm not sure we are going to see any explanation. We had 2.38 quarters of cash left. With expenses that don't need to continue. Say we cut back at the beginning of last quarter by about 40%, which leaves 60% expenses. Then we have 2.38/0.6 = 4 quarters of cash in the bank using the new spending value. Of course we need to subtract one quarter as we lived through that, but the outcome would be that we have 3 quarters left in the bank at the end of June. Numbers might differ but there is no guarantee that we see a CR or a statement. At some point we will need to make a CR, but when is not known.

Still, the delays are eating my nerves.

curiousmagpie · 2024-07-22T10:06:23+1000

Semmel said:
I'm not sure we are going to see any explanation. We had 2.38 quarters of cash left. With expenses that don't need to continue. Say we cut back at the beginning of last quarter by about 40%, which leaves 60% expenses. Then we have 2.38/0.6 = 4 quarters of cash in the bank using the new spending value. Of course we need to subtract one quarter as we lived through that, but the outcome would be that we have 3 quarters left in the bank at the end of June. Numbers might differ but there is no guarantee that we see a CR or a statement. At some point we will need to make a CR, but when is not known.

Still, the delays are eating my nerves.

Definitely possible for them to show over 2 qtrs of cash remaining in the upcoming report.

Need to get Q2 spending under $7m which is likely if exploration and development has been cut as signalled in the webinar. A bit of accounting creativity to get friendly creditors to date some invoices 1 July would also help.

Problem is the market has expected a raise so has priced it in even though they haven't done one yet.

WheresTheMonkey · 2024-07-22T14:02:12+1000

Semmel said:
With expenses that don't need to continue. Say we cut back at the beginning of last quarter by about 40%, which leaves 60% expenses. Then we have 2.38/0.6 = 4 quarters of cash in the bank using the new spending value. Of course we need to subtract one quarter as we lived through that, but the outcome would be that we have 3 quarters left in the bank at the end of June.

Then I would be inclined to drop the Quarterly announcement as soon as it becomes available not on the last day of the month

WheresTheMonkey · 2024-07-22T17:10:56+1000

If you want a good example of how battered our SP is to our "peers" then compare our market cap of $172M to Renascor Resources of $231M.

Renascor have basically no infrastructure, no qualification with OEMs, not even a pilot plant. All they have is a graphite mine site at a grade of one third of Vittangi.

curiousmagpie · 2024-07-22T17:59:01+1000

WheresTheMonkey said:
If you want a good example of how battered our SP is to our "peers" then compare our market cap of $172M to Renascor Resources of $231M.

Renascor have basically no infrastructure, no qualification with OEMs, not even a pilot plant. All they have is a graphite mine site at a grade of one third of Vittangi.

RNU had over $110MM cash so current EV around $130MM compared to Talga $160MM

EGR have a mine and a pilot plant and an EV of around $30MM so shows there is potential to fall a lot further!!

TLG Discussion 2022

Semmel

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WheresTheMonkey

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curiousmagpie

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