TLG Discussion 2022

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

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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.

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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.

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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.

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WheresTheMonkey said:

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

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WheresTheMonkey said:

I'm finding this all rather strange................

1) If we were able to let's say cut expenditure right back to $5M to $7M in the last quarter then we would have between $14.38 and $16.38M in the bank as of 30 June...............or 2 or 3 full quarters of expenditure. Then no questions regarding future funding would need to be answered at the bottom of the cash statement.

Now a Cash Statement is not rocket science to put together so I do not understand why, in the light of the possible good news that we have sufficient short term funding, we wouldn't release the Cash Statement this week.

Not next week this week ................just to help put a bit of a floor under the SP by delaying the need for a CR. Given there are different currencies involved and perhaps a bit of data entry 5 business days should be all that is needed to punch out a Consolidated Cash Statement.

Instead we are seeing this ""walking down" of the SP day after day.

2) On the other hand if we have less than 2 quarters left of funding and no sign of a SC decision then why delay the CR and watch day after day the SP fall ?

Like........." Let's get the Capital Raise done ASAP"

Unless........

3) they are aware of an imminent SC decision (which courtesy of our lawyers) there could be......... why else would you delay either of the above ?

But that is just wishful thinking I'd say

Got me puzzled

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WheresTheMonkey said:

I'm finding this all rather strange................

1) If we were able to let's say cut expenditure right back to $5M to $7M in the last quarter then we would have between $14.38 and $16.38M in the bank as of 30 June...............or 2 or 3 full quarters of expenditure. Then no questions regarding future funding would need to be answered at the bottom of the cash statement.

Now a Cash Statement is not rocket science to put together so I do not understand why, in the light of the possible good news that we have sufficient short term funding, we wouldn't release the Cash Statement this week.

Not next week this week ................just to help put a bit of a floor under the SP by delaying the need for a CR. Given there are different currencies involved and perhaps a bit of data entry 5 business days should be all that is needed to punch out a Consolidated Cash Statement.

Instead we are seeing this ""walking down" of the SP day after day.

2) On the other hand if we have less than 2 quarters left of funding and no sign of a SC decision then why delay the CR and watch day after day the SP fall ?

Like........." Let's get the Capital Raise done ASAP"

Unless........

3) they are aware of an imminent SC decision (which courtesy of our lawyers) there could be......... why else would you delay either of the above ?

But that is just wishful thinking I'd say

Got me puzzled

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cosors said:

I hope you're right.
Let's just wait and see what happens. We've all practised in waiting and trained for years.

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cosors said:

I am not familiar with these things.
But could another option be that Talga has another commitment up his sleeve that we aren't aware of and is therefore staying calm?
If I understand you correctly, if, that should be in the next report, right?

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