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Some very worried about the price rising!
Basket price rising
~1100t is break even at a group level and they are aiming for 1500-1600t in the immediate term. I get that historically targets have been set too high but it really isn't that far fetched to believe they will not only be ebitda postive but cash flow positive fairly soon. Graphite prices and basket price rising only increases their chances of achieving the above.
No real meat to them. When i see a flurry of positive sounding RNS but no actual facts on production and cashflow i do not.get excited
I believe dilution will come. If not they will just take a very long time to increase capacity.
Tgr probably need 1m gbp for the units then more.working capital.
If you are not ebita positive it will take time.
Something left field could come in like a strategic agreement. But what i see now are lots of semi positive RNS with
Toped up 110 kl
There were two posters on here (probably the same person) that kept predicting imminent suspension - well this is certainly putting that nonsense to bed.
Positive.
Im also happy that they have been putting out a lot more RNSs of late to keep us informed. A lesson learnt maybe.
Certainly helps go against some of the rumour mill and targeted shorting club you have seen on here of late (im sure many accounts are the same person).
Where is tomorrowtoday
25 % premium wow , we were all complaining about the 10 % discount given in the past for early payments . Just goes to show how sentiment can change . Let’s see
It’s jumbo flake, it’s therefore unlikely to be a car manufacturer.
They are not allowed to say any names yet , however if confirmed monthly orders we will soon find out who it is .
Would me nice BMW
Adding also
Gallmat you keep saying they won’t raise down here because they won’t dilute themselves, then when a positive update comes out suddenly you’re saying watch out for a placing?
Which is it?
For me lots of positives that could soon make a £6m mcap look ridiculous.
Wow a 25% premium price just for a extra 3% purity @ 97% jumbo flakes,it doesnt say who the buyer is,but i would suspect bmw as they are now making jumbo sized batteries for extra high performance/energy density cells at a premium price,so either a M brand or a RS branded car i would guess as they are all going towards hybrids with smaller ice power,even r.r. is doing a ev car,it will probably be so quiet it will have to have a sound generator to warn people of its presence...
I like the fact they told us after the second shipment , not just when the first order came through and before any shipment. Very positive
Awesome green day here hopefully, love a bit of strong BD. What’s 97% sold for in Europe? Assuming a high price?
Trying to sound positive for sure.
But is this the pump before the funding raise?
More positives I think )
HarChris, in essence your final paragraph is spot on.
Fundamentally the company has an asset and product whose demand that is growing rapidly. China cannot keep pace hence the embargo on exports.
Many here realise the shortfalls of Management, which it would be surprising if the same views are shared by the Company's collaborators, who are not Poddar owned.
The solution to regain confidence and value for everyone is plain. It is now for Shishir to have the guts and allow those better skilled in Corporate Management to bring the Patient back to Full Health!!
Gallmat would you mind sharing what debt TGR have due as you keep claiming it? If you mean the 12% interest payment in July then yes there's a payment due but it's only £166k, that's all that is due throughout the whole of 2024 so the threat of insolvency near term is virtually zero.
It can be assumed that the £1m raised in January went towards paying the Jan coupon and also reserved for the July coupon (the £166k as above). I'm led to believe the company are close to break even now but the extra £1m is needed for the broader strategy. How do you attract a quality CFO for example without guaranteeing a salary for the next couple of years? Why would NEDs join if they aren't even likely to receive their fees in cash?
Despite all the negatives this is still wildly undervalued fundamentally and would take very little to be back trading at 3 times the valuation. Of course whether we get those changes (professionalise the corporate governance, take steps away from it being a 'family business', reach cash flow positive status without additional funding) remains to be seen.
How did the company get to this?
Supposed to be the only graphite company listed in London.
What happened to all the promises & predictions.
Read point 2. We have debt due. We cannot.get ebita positive without investment.
If you do nothing you are in trouble
If you raise money you dilute like crazy and then still need to deliver operationally
Thanks HC
To me I don't think the mining itself is the problem. It's more whether us shareholders will benefit from it. I don't think we should lump the two things together. If TGR are not profitable, I'm sure some other company will benefit.