The Talga Bar

[cosors]

Sweden has a big gathering:

Almedalsveckan | Region Gotland

almedalsveckan.info

Wiki:
"Almedalsveckan (Almedal Week, also known as Politikerveckan i Almedalen) is an annual event organised by the local municipality in and around Almedalen City Park in Visby on the Swedish island of Gotland. The aim is to bring together Swedish political parties, interest groups and other stakeholders to discuss politics. All parts of the week-long event are open to visitors free of charge and without registration. Since 2000, similar events have also been held in several neighbouring countries. The term "democracy festival" has been coined for this."

Talga ist also involved:

Industrins omställning sker nu, men vilka samhällsekonomiska effekter kan vi vänta oss när industrin ställer om? | Accelerationskontoret

Industrins omställning sker nu, men vilka samhällsekonomiska effekter kan vi vänta oss när industrin ställer om? När stora, gröna industriprojekt tar täten ser vi hur hela Sverige påverkas – lokalt, regionalt och nationellt. Norrbotten är centrum för viktiga delar av den svenska basindustrin...

se.linkedin.com

 

[cosors]

Liked by PIK
It's about Nissan, Altilium and recycling

Day 2 Tokyo: Nissan visit & Board meeting with our foundation investors, SQMi and Marubeni | Dr Christian Marston, COO, Co-founder Altilium

Day 2 Tokyo: Nissan visit & Board meeting with our foundation investors, SQMi and Marubeni 🚗 We visited Nissan to explore how Altilium can support automotive OEMs in meeting their sustainability targets and growing regulatory requirements. 📅 From 2031, all new EV batteries in Europe must...

www.linkedin.com

And:

"Just finished presenting Aurubis and Talga Group s collaborative work on closing the loop on graphite. Recycling graphite is not only possible, it is a must. It has been a great day spent here at the #EMC2025 conference. A special thanks to #GDMB for a very well organized conference."

Just finished presenting Aurubis and Talga Group s collaborative work on closing the loop on graphite. | Rakan Rahbani

Just finished presenting Aurubis and Talga Group s collaborative work on closing the loop on graphite. Recycling graphite is not only possible, it is a must. It has been a great day spent here at the #EMC2025 conference. A special thanks to #GDMB for a very well organized conference.#tlg...

www.linkedin.com

 

[curiousmagpie]

Since you know it all, why don't you tell us? Why didn't Talga close all the missing contracts within a week of getting the final permit? Surely you know why, so please enlighten us. I don't know why the share price is down but since you blame talga since forever for it, let us know what they should have done differently?

Don’t claim to know everything. However been correct more than not to date.

I see holders making the current excuse tax loss selling. A few more days of that then need to find something new for the markets continued lack of demand for this stock. My point has been consistent that they have a creditabilty problem that needs to be repaired. Missed deadlines, failed promises and big talk about things that should be within their control not backed up with action. This weighs heavy over everything. Until creditability is demonstrated investors won’t believe the story. This is clear in the chart. Good news gets an initial bump then is relentlessly sold down. Why do you think that is?

 

[Semmel]

As I said many times before, Talgas anticipation of time lines was too optimistic for swedish regulation bodies. That much is clear, but they gave us their honest estimate when things happen. Many delays, I would guess almost all delays, were out of their control. When it was in their control, Talga performed very good. For instance building the test plant was ahead of schedule and within budget. Now is the first time in years that they are in the driver seat again. If you expect them to tell you less optimistic timelines on swedish regulations, then you expect them to lie and sand bag.. also not good, eh? While significantly delayed, I don't subscribe to that criticism.

Why is the share price down? It's obviously anyone's guess, but my guess is the following: the market expects a large issuing of new shares to fund the mine and refinary. No one wants to buy into a stick that gets de-valued 40 to 60% before revenue. That's why it trends down the closer the date comes. That decision is made in the FID. Which requires an offtake to close. So the magic will only happen after FID is done, when we do have a customer and we can see how the project is financed. Depending on the way the financing works, dictates the share price re-evaluation.

In particular, the market does not believe the statement of Mark that the project will be financed on a project level, not a company level. But who knows how true that is? I believe that's Talgas goal but will they succeed? We don't know yet. Once the FID is through, we will see and that's when Talga will get a fair share price. Not before. So you can cry foul all day you want, the reality is, that Talga can't do a damn thing to raise the share price and it is at moment completely decoupled from reality, mainly because we don't know reality. Nothing to do with tax loss selling, though that might be a short term pressure on the stock. But has nothing to do with Talga, the company and you can't read company truth from share price shenanigans.

I expect to see an offtake within the next ~3 weeks and the FID within the 4 weeks after that. Hopefully shorter than that but who knows who is on vacation that needs to sign these documents..

 

[curiousmagpie]

they gave us their honest estimate when things happen.

highly debatable. charitable view would say overly optimistic / naive estimate. uncharitable would question the honesty

have they given an honest estimate of refinery ramp up timing to date? 12 months after construction is the correct estimate. they won’t be able to escape this with an honest FID so watch it come out soon. when it does happen, can anyone really say this is something they didn’t know at the DFS stage (honest estimate = zero months)

 

[Semmel]

highly debatable. charitable view would say overly optimistic / naive estimate. uncharitable would question the honesty

have they given an honest estimate of refinery ramp up timing to date? 12 months after construction is the correct estimate. they won’t be able to escape this with an honest FID so watch it come out soon. when it does happen, can anyone really say this is something they didn’t know at the DFS stage (honest estimate = zero months)

The DFS does not explicitly state the ramp up of the processing plant. So its anyone's guess what they thought would be the ramp up. Explicitly, you invented the statement of zero months ramp. The only indication we have from the DFS is the projected revenue. At the point of the DFS (Juli 2021), they expected to start the project 2022. So that is now obviously 3 years later. BUT, in the revenue plot, it reads that the first year of planned production, 2024, only sees half of the revenue of the steady state process. You can interpret that as a ramp.