Wooley Wonder
Emerged
I’ve nervously bought another 60k shares at $1.035….. surely we’re near the bottom?!
TLG Discussion 2022
- Thread starter zeeb0t
- Start date
Semmel
Top 20
Wooley, who knows? Its not about company performance at moment. If it were, we would have moved way higher on the last two news. I dont really know how to measure this kind of market behavior as its the first time I go through such period as an investor. I select my stocks based on company fundamentals and buy the stock if and only if the share price is below my understanding where it should be. For Talga that is the case by a large margin. Falling stock price is increasing the opportunity.
All I know at moment is, that the price will likely go way higher in September, after the court hearing, or even in anticipation of it before. It might crash lower if Mitsui decides to pull out end of August. Or .. if we decide to terminate the MOU with Mitsui. Who knows? But again, all of this is based on Company related aspects. The current share price decline is 100% market sentiment driven in anticipation of a recession. In which case, all bets are off anyway since market will sell everything regardless of value.
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WheresTheMonkey
Regular
Something like this would be nice to announce before/if Mitsui pull out
Stellantis to become substantial shareholder in Vulcan Energy through $76million (€50M) equity investment Vulcan Energy Resources Limited (Vulcan; ASX: VUL, FSE: VUL, the Company) is pleased to announce the world’s first upstream investment by a top tier automaker into a listed lithium company. Summary
• Vulcan has agreed a A$76M (€50M) equity investment from Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA, Stellantis).
• Vulcan understands that this represents the world’s first upstream investment in a listed lithium company by a top tier automaker.
• Stellantis will become the second largest shareholder in Vulcan, at 8% shareholding, following issue of the fully paid ordinary shares at the 30-day Volume Weighted Average Price (VWAP) of A$6.622 (€4.367) per share which represents ~11.450m shares1 .
• Use of proceeds will go towards Vulcan’s planned production expansion drilling in its producing Upper Rhine Valley Brine Field (URVBF). Vulcan is already producing geothermal energy from its URVBF and plans to produce lithium hydroxide with zero fossil fuels and net zero carbon footprint as part of the Zero Carbon Lithium™ Project.
• Vulcan and Stellantis have also extended their binding lithium hydroxide offtake agreement (see ASX release 29/11/2021) by five years, to 2035.
• Stellantis is one of the world’s leading automakers and mobility providers. It has a portfolio of 14 vehicle brands and two mobility companies. Stellantis was the market leader in the low emission vehicle category (LEV) for Passenger Cars and Light Commercial Vehicles in the main European countries region in Q1 20222 .
• Aligned with Vulcan’s mission to decarbonise and electrify transportation, Stellantis has one of the largest electrification and decarbonisation plans of any automaker globally, reaching 100% of passenger car battery electric vehicle (BEV) sales mix in Europe by 2030. In addition, Stellantis also increased planned battery capacity by 140 GWh to approximately 400 GWh, to be supported by five battery manufacturing plants in Europe and North America, together with additional supply contracts. Vulcan Managi
Yeah agreed. I am a long term holder of Vulcan and see a lot of parallels between Talga and Vulcan in recent commentary about possible OEM investment into the companies. Vulcan hinted a few weeks ago one of their offtake partners may take a strategic investment in the company to expand potential production capacity & of course Talga recently mentioned Auto OEMs as possible partners in the funding strategy.
Interesting to note that Stellantis specifically mentioned in their Battery Day approx 1 year ago that graphite will be the main chemistry for their anodes. See screen shot below. It is entirely possible that Stellantis may be in similar conversations with Talga regarding offtake and financing. Simon Moores, who is consistently on the ball with his forecasting has been saying for a number of months that it is only a matter of time before the Auto OEMs vertically integrate and take stakes in battery mineral mining companies.
Mark will have multiple financing/partnerships options and i have full confidence he will selectively choose the one that is least dilutive and retains maximum upside for investors.
Attachments
Semmel
Top 20
I looked at VUL December 2020 and found it a little bit sketchy, compared to Talga and decided for Talga. I initially also owned NVX, but got rid of that in favor of Talga as well. I would say, bad decisions on both accounts given the share price development. However, I still think it was the correct decision given the information that was available. Anyhow, thats in the past. I would actually like someone to invest in Talga at about 3$ a share for a 10% stake at the company. Roughly equal valuation as VUL, even though I think Talga is worth way more than VUL.
Micreg
Regular
I started investing in VUL at 70 cents after missing the Tesla train years before and accumulated for awhile.
Sold a stack of VUL at around $10 and paid off the mortgage. I’ve kept a modest amount of VUL just in case they pull it off.
I invested in TLG a bit after investing in VUL, and then kept buying TLG at every opportunity. I’m now in the red with TLG, but I don’t care.
I’ve never sold a single TLG share - up, down, or sideways. Semmel - I agree that TLG is the better company.
Perhaps I have Stockholm Syndrome.
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Similar story - i bought into Vulcan at 27cents and had an incredible run up to $17, but has been a tough past few months along with most lithium stocks. I only sold a few to take advantage of another capital raise by Race Oncology, but am otherwise sitting tight. I agree with you and Semmel that on paper, Talga was the better investment then and still is today as someone coined “they have the whole chessboard stacked in their favour”. So even though Talga hasn’t performed to our collective expectations yet, I think they will ultimately get there and i plan to hold forever essentially.I started investing in VUL at 70 cents after missing the Tesla train years before and accumulated for awhile.
Sold a stack of VUL at around $10 and paid off the mortgage. I’ve kept a modest amount of VUL just in case they pull it off.
I invested in TLG a bit after investing in VUL, and then kept buying TLG at every opportunity. I’m now in the red with TLG, but I don’t care.
I’ve never sold a single TLG share - up, down, or sideways. Semmel - I agree that TLG is the better company.
Perhaps I have Stockholm Syndrome.
One thing I will acknowledge is Vulcan’s management team have been phenomenal in actually delivering on their stated strategy and their communications is the best of any company i have held (apart from Race Oncology). This is my one major criticism of Mark/Talga is they are not great communicators/marketers, but I think this reflects Mark’s conservative/introverted nature. I’d much prefer that, than the hype/pump stocks like Lake Resources etc that massively disappoint investors when reality dawns that not all is right with the company.
The hardest thing we as investors need to do is just demonstrate patience and when funds allow, I am still accumulating as i know it won’t last likely beyond Sep/Oct this year.
Semmel
Top 20
Why is that though? Mark actually appeared a few times publically in the last few months. Most of the official business is done by Marty. I kind of understand that as most of the action is in Europe and Marty is head of Europe for Talga. Maybe Mark enjoys more controlling from the distant Perth instead of staying in the lights center. It has always been sort of the case for Talga, that it was much less hyperbole than other companies. That's actually a good thing in my books.
But still, a more active public relations team with the shareholders would be very much appreciated. I whish there was more respect and appreciation to people that actually owns part of the company. My net worth is 50% in Talga, this might not be much in the grand scheme of things, but it is a lot to me and I do care about the company and it's mission.
The core is, I whish for more respect and engagement with shareholders. Maybe a podcast or some interviews. Something, anything that takes me along for the ride in the company. Maybe a tour through the new headquarters, which we haven't seen yet. Maybe a YouTube interview about the mine in Sweden. Just something that shows how cool Talga is, the definitely deserve more publicity and attention for what they do.
But still, a more active public relations team with the shareholders would be very much appreciated. I whish there was more respect and appreciation to people that actually owns part of the company. My net worth is 50% in Talga, this might not be much in the grand scheme of things, but it is a lot to me and I do care about the company and it's mission.
The core is, I whish for more respect and engagement with shareholders. Maybe a podcast or some interviews. Something, anything that takes me along for the ride in the company. Maybe a tour through the new headquarters, which we haven't seen yet. Maybe a YouTube interview about the mine in Sweden. Just something that shows how cool Talga is, the definitely deserve more publicity and attention for what they do.
cosors
👀
"Tenants join Vision Park in Cambridge
Royal London Asset Management has secured tenants for two of its buildings at Vision Park in Cambridge.
Lab services provider Source Bioscience will move into Endeavour House (pictured), which totals 11,255 sq ft and offers a range of office and R&D uses.
A 5,145 sq ft ground floor suite at Conqueror House has been let to carbon and battery tech specialist Talga Technologies. The firm moved to Vision Park from the Cambridge Science Park.
Both leases were signed for 10 years with a five-year break.
Other occupiers at Vision Park include GW Pharmaceuticals and IWF.
The park is situated two miles to the north of Cambridge city centre, adjacent to the village of Histon. It is easily accessible from junction 32 of the A14.
Savills and XLB Property acted on the deals."
https://xlbproperty.com/2022/06/30/tenants-join-vision-park-in-cambridge/2872/
Talga UK has apparently moved to a more representative building it seems to me.
WheresTheMonkey
Regular
Remember this from the latest funding announcement ?
The language suggests to me that these reports might not necessarily be released to Market but they are vital for obtaining funding whatever form that takes
Front End Engineering and Design
Following completion of the Detailed Feasibility Study (“DFS”) (ASX:TLG 1 July 2021), Talga has been working with Project partners to complete front-end engineering and design ("FEED") for the Vittangi graphite concentrator and anode production plant in Luleå. The FEED studies are scheduled for completion this month.
Value Engineering
Building on Project optimisation work completed to date by Talga, a formal value engineering process conducted with internationally renowned engineering firm Worley is underway and nearing completion. This optimisation process will refine costs and final equipment details, further enhancing the Project’s already exceptional potential to supply globally competitive green battery anode. The results will be used to support final funding packages in preparation for Project execution and commencement of commercial production in 2024.
Which brings me to my next question ....................
Do any of us have any idea how long OEM qualification takes ?
The EVA was operating in February so its been going over 4 months now.
We can have all the best estimates of CAPEX and best engineering design and best management experience.
But no one is going to fund this project unless they know we have contracted customers
The language suggests to me that these reports might not necessarily be released to Market but they are vital for obtaining funding whatever form that takes
Front End Engineering and Design
Following completion of the Detailed Feasibility Study (“DFS”) (ASX:TLG 1 July 2021), Talga has been working with Project partners to complete front-end engineering and design ("FEED") for the Vittangi graphite concentrator and anode production plant in Luleå. The FEED studies are scheduled for completion this month.
Value Engineering
Building on Project optimisation work completed to date by Talga, a formal value engineering process conducted with internationally renowned engineering firm Worley is underway and nearing completion. This optimisation process will refine costs and final equipment details, further enhancing the Project’s already exceptional potential to supply globally competitive green battery anode. The results will be used to support final funding packages in preparation for Project execution and commencement of commercial production in 2024.
Which brings me to my next question ....................
Do any of us have any idea how long OEM qualification takes ?
The EVA was operating in February so its been going over 4 months now.
We can have all the best estimates of CAPEX and best engineering design and best management experience.
But no one is going to fund this project unless they know we have contracted customers
Hmm you may be correct and that whilst it does say this work will be completed in June, it doesn’t specifically say it will be announced to the market. Obviously contains some sensitive information that will underpin the capital cost of the project and therefore financing options….so maybe sensible to keep confidential.
I don’t know the answer to your question regarding how long it takes for final qualification. But i will make one minor correction, that the EVA plant was commissioned March 31, so the pilot plant has only been operations for 3 months.
It would be a major boost to the share price if they can announce 1-2 binding offtakes with major OEM’s & particularly useful if they can do that if they choose to discontinue the Mitsui MOU. I’m not sure which way that is going to go, but can’t see the market reacting favourably unless some other major tangible announcement that can offset it.
If the FEED & Value Engineering work is not going to be announced to the market, the next thing we can look forward to is the first drill results from Niska Link, which are due early July.
In a previous presentation, Talga also spoke about Graphene offtakes this year- would be nice to see a surprise announcement on that front. Maybe culmination of the many years of collaboration with BillerudKorsnas?
Affenhorst
Regular
We need to consider that an OEM needs to make batteries from the material. Those batteries then need to be cycled over and over hundreds of times at different conditions. This can take time. And they probably didn't all start receiving material immediately, so I would not expect conclusive results before fall at the earliest.
WheresTheMonkey
Regular
Full commissioning was 31 March but we also had this so we were spitting out some prior
ASX Release ASX:TLG 24 February 2022
Talga produces Europe’s first battery anode during EVA plant commissioning
• Talga produces Europe’s first Li-ion battery anode during commissioning of its Electric Vehicle Anode (EVA) qualification plant in Sweden
• More than 20 battery manufacturers and automotive customers engaged to receive Talnode®-C from the EVA production for large-scale EV battery qualification and procurement processes
• EVA plant project executed on time and within budget with full commissioning expected to be completed late March 2022
And on another subject..................
I thought the numbers of customers engaged had increased markedly in one of the very recent Announcements as the 24 February announcement also said this......
Following the completion of plant commissioning, Talnode®-C will be shipped to battery cell makers to undergo next stage commercial testing. To date, Talga has received engagements from 23 battery manufacturers and major automotive OEMs for Talnode®-C produced at the EVA plan
But then we get this from the 28 June Macquarie Presentation Announcement..............................
On Page 17
Customers by type:
11 Automotive companies
37 Battery manufacturers and associated value chain players
23 in February versus 48 in June ?
Don't you guys and gals think that's interesting ?
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WheresTheMonkey
Regular
I was going to research Syrah's plant in Louisiana this afternoon after all they recently did an offtake with Tesla so that would have had to qualify and I'm sure Tesla would have been the first recipient of test material. Not enough time in my day
Vidalia Active Anode Material Facility
A globally significant vertically integrated natural graphite and battery anode company, supplying battery and industrial markets with high quality, environmentally differentiated and customer qualified products.
www.syrahresources.com.au
Semmel
Top 20
On Page 17
Customers by type:
11 Automotive companies
37 Battery manufacturers and associated value chain players
23 in February versus 48 in June ?
Don't you guys and gals think that's interesting ?
I remembered something like above 20 customers in something like 30-odd engagements at some point. But I dont exactly remember where I got that from and a quick search of last quarterlies doesnt list it that way either. But its not the same is it? Even if the 11 EV manufacturers are part of the 37 associated value chain players, thats still 37 customers at least. Which is quite a larger number than before. Interesting indeed.
Semmel
Top 20
I was going to research Syrah's plant in Louisiana this afternoon after all they recently did an offtake with Tesla so that would have had to qualify and I'm sure Tesla would have been the first recipient of test material. Not enough time in my day
Vidalia Active Anode Material Facility
A globally significant vertically integrated natural graphite and battery anode company, supplying battery and industrial markets with high quality, environmentally differentiated and customer qualified products.www.syrahresources.com.au
I am sure Tesla was the second recipient after NV. Talga should side with NV as first customer for political support within Sweden. I am sure Tesla will get a large share of the material as well and I am all for it, but better have NV and by extend a large part of Swedens push to green energy industrial complex as our number one customer.
cosors
👀
just for info
"Britishvolt signs deal with Posco Chemical for battery materials
The agreement will provide for the supply of anode and cathode materials."
"Britishvolt signs deal with Posco Chemical for battery materials
The agreement will provide for the supply of anode and cathode materials."
cosors
👀
Mining next, please (EU Taxonomy)
https://www.bloomberg.com/news/arti...s-remove-last-hurdle-for-gas-nuclear-as-green
https://www.bloomberg.com/news/arti...s-remove-last-hurdle-for-gas-nuclear-as-green
THE EU TAXONOMY FOR SUSTAINABLE INVESTMENTS – MINING, METALS & MINERALS
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