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I say this again as some still think this is a coup to get rid of management...No one wants rid of Shishir. What investors want (myself included) is for the company to be run for all the shareholders and not just the poddar family. Anyone on here who disagrees is either a poddar parrot (yes I mean you saluc) or they are not invested. Forget the noise and ask yourself if the poddars have done a good job in running the company. If you answer yes then vote for them. If the answer is no then vote NOT for their removal but for the poddars to be held to account by TGR investors who have all shareholders interests at the forefront of every course of action they take. Shishir duped us all when he turned TSG into Parnagraf. This investigation will get to the truth and we will have our downstream TSG back. Shishir doesn't want that to happen as his family profits (which are the profits of all shareholders stolen by the poddars) will suffer. We all know this yet people on here will vote for shishir...why is that? There are a few on gere who are paid to trash anyones opinion that goes against their boss. Dyor
Zan_TM couldn’t have said it better myself. Remember tomorrowtoday knew this was coming, he told us enough times. So he’s obviously involved to a certain degree.
Luckily I believe he has exposed himself enough times in this forum that his words don’t hold much weight. If Shishir or the board behaved in the way that this group has I’m sure they would be facing legal action, I do hope others cop on and will support the exposure of this coup.
I’m not looking forward to Monday but I was relieved to see no big sells off the back of the news of the coup, wouldn’t surprise me if the sells did actually come from the group to try and gain momentum.
Fairdealer,
I do think they, like all have to be held to account when required. Its not that Im a big fan of theirs as such at all or that I think they haven't been poor in some areas.
My issue here is two part.
1: I don't believe the coup will help the share price short to medium term at least
2: Investors who support the coup/seem to be involved in it are making topics with very misleading headlines such as this topics. That removes all trust in the process for me. How can I trust they are any better than what we have when they are happy to try to manipulate/trick you into something as 2000% rise to £1 very quickly isn't factual
Infact if the Poddars had made a statement like that everyone would call them out for it. Whys it okay for the coup group too?
Why did you invest then? TGR is and has always been Shishir’s. Ridiculous accusations, stevemc could be one of Tomorrowyesterday’s accounts.
Saluc, you’re one to talk. I wouldn’t be very surprised if this is Shishir himself, trying to use a fake name to ramp up his position. You’re naive to believe a word from Shishir if you really do. You’re either Shishir himself or one of his yes men or yes daughter.
A few accounts on here were created for one reason. To destroy shareholder confidence and to divide shareholders and the board.
1st example Stevemc -take a look and see.
2nd example Tomorrowyesterday - this is a quote from a post that he was “invested” in before TGR. “ I strongly urge anyone who's is shareholder to email the company and not just ask...but demand to know whats going on and why the silence. This share will now be pulled down to 30 something (or worse)... management know whats going on but they are keeping quiet. They are doing nothing to halt the drop...whats even worse is they are actually encouraging it by keeping the silence...” sounds very similar to the scaremongering on this forum.
Another from Tomorrowyesterday- “Still very cheap at 48.6p a share. Managed to get 30000 of these as a top up earlier today as its way over sold on 'fear following fear'.” This quote was about the same company as above POLX. SP today is - 3.75p
Do not trust these people, they have their own agendas.
Puruvi installed to improve comms and what do they do? Drop that RNS on a Friday afternoon!
Zan do you consider the Poddar Family are in an Ivory Tower and not accountable to anyone?
The Group taking action are clearly incensed and want changes. As stated earlier, doubtful they will succeed given the Shareholding Power the Poddar family hold.
As a VC have seen Board members removed for lesser incompetence.
If Shishir has any sense, he would step aside allowing Execs who command respect in the Banking community. That in itself would inflate the SP, not by 2000% as suggested, that is pure nonsense
As a note, its not that I wouldn't ever vote in favour if I felt it was needed, but posts stating £1 once done put you off taking it seriously as its pure rampy spin with zero logic too. The idea that removing the board and replacing them is going to give you an instant 2000% SP jump is nothing short of fantasy land and boarderline criminal attempts to manipulate.
If a genuine, not rampy, not state a stupid figure to trick case was made it might get more weight.
As it stands, tomorrows posts have confirmed that voting against the changes (if it ever gets to a vote), is the right move.
Fairdealer, Chinas export ban appears very smart as its reduced the number of purchasers of natural graphite and increased the number buying synthetic, which isnt banned I believe and which, suprise suprise, China sells.
In effect the ban created oversupply of graphite and helps keep prices low, forcing out many non chinese producers from the market.
Not the same, but they used clear stuff with Steel too previously to in effect corner that market by making it uncommercial for western companies.
Poddars have failed in many areas, but the price of a product in oversupply, isn't related to them.
Threw the kids under the bus - harsh lessons learnt
Saluc, whilst I'm not taking sides I am reliably informed that even Hemant resigned for similar reasons. the joint founder of TGR and a Poddar himself. I've rarely been negative on here and have tried my hardest to support the company throughout the last year but it does get to the point where I have to start to accept that those on the inside are able to judge the situation better than I can.
Look at how Shishir tried to play down Murat's resignation, claiming it was for personal reasons and yet here he is as part of the group. The same is true of Hemant. At the very least it seems pretty evident that Shishir is rather difficult to work with and it is starting to seem like the debt markets are closed off to TGR whilst he's in charge.
Do you realistically think the golden trio of Shishir, his daughter and Alastair Beth are going to drive hundreds of millions of pounds of value back into the company? I'm sure Alastair's a decent guy and may be capable but I don't think I've ever seen someone with sucha lightweight CV be promoted so rapidly to an executive team of a FTSE listed company. Needs must perhaps but I wanted to see proactivity on this front and yet nearly two months have passed without any governance update.
Shishir needs to prove otherwise to the claims above... he needs to prove that there are credible NEDs willing to join with him at the helm, that he's able to attract further investment etc otherwise the company is going nowhere without action.
Firstly I don’t think this will garner the support it needs to succeed. Have a quick read of this board and shareholders are deeply divided
What is true is that things have become a shambles, unrealised targets, terrible communications and a Board that raises many questions
So my hope is this will be a serious warning shot that simply can’t be brushed under the carpet and we get some serious action regarding the management and function of the company
Shishir and his band of naive kids being out of the board is going to be the only way to restore the company. I am sure that there are other competent management teams to take over the management in case Shishir's fragile ego doesnt allow him to be a part of the company after he is removed from the board (which I believe is in the best long term interest of the company, even if he ends up selling all his shares). Management and skills can be solved, ethics cannot. I am sure that when it is time for a vote, none of the large holders would want to see him stay.
Tell me, does anyone remember the last time Shishir Poddar said the truth? Does anyone here still take his words to mean anything? I for one believe he is a pathological liar, a delusional fool and / or an absolute conman.
Every sensible adult who has ever worked with him (including his own brother btw), has left the company. Their tenures becoming shorter with every new member. Find me another listed company, anywhere in the world where two thirds of the board is under 30. Find be another company, where people straight out of college, with no real world experience are put into board positions.
Also, sharing the raw data with the new potential board. I am sure they will find it helpful when they are trying to see Shishir's fraud. Once again, this is what he has done - sold graphite to himself at a much cheaper price than the market, bought equipment from his own company (that was formed mearly to steal from TG), blocked an agreed acquisition, quashed every adult who pointed at his gross misdealings and outright misled and lied to shareholders.
I do not think tomorrowtoday is a part of this group, neither am I. I think he is just happy to jump on the bandwagon.
Saluc. have you got that pay raise from shishir yet? You seem to be doing overtime imagining all sorts of dreamy things. A conspiracy to remove Shishir? This is a shareholder vote to put the company back on the right path. This is an attempt to rectify the mess Shishir has put us in. No one can say he has done a good job. No one can say he knows how to run this company. He has had over 3 years and look at the share price!!! It speaks for itself. If he actually came through on even half of his promises them we would be over 80p now yet 94% of his predictions came to nothing because he was (like you) dreaming it all up. He has been out to Magagascar 2 TIMESin 5 YEARS!!! The second time was only last month. The reputation of this company has been destroyed by Shishir. He didn't need any help from shareholders to do what he has done to wreck the share price. He needs to be reigned in and watched and guided. He should be part of this company I totally agree - but not running it. That has been tried and it did NOT work and will not work. When something is broken you either fix it or replace it. We suggest we try fixing it. Vote and we get 4 people who will help guide Shishir and the company back to profitability. This is a no brainer. The 4 people are shareholders in TGR. They are doing what every serious shareholder should do to protect their investment. They are using their professional experience to help TGR get back to profitability. What can they possibly do to harm the company? They own shares ain TGR and they want a return on their investment like we all do. Dont dismiss them as you will be dismissing your our chance to at least get our investment back. DYOR
“In my hOneSt opinion” - a quote from Tomorrowyesterday.
He also told us that Shishir was taking the company private among many other lies.
If there is a vote, will not be voting for a takeover from a group of investors that use lies and misinformation to damage a stock price so they can gather support. A shameful play by all those involved.
I’m not trying to compare Syrah to TGR, just highlighting to fairdealer that TGR is among many graphite mining companies that have declined in SP.
Easy to listen to the complainers on here, they will have you believing the decline is because Shishir wants to take the company private or “mismanagement”.
Been a pretty sophisticated campaign against TGR for a while, including a few on here and on X. I’m adamant this is a coup. Do as much damage as possible, have shareholders question Shishir’s integrity. Remember how adamant Tomorrowyesterday was that TGR was being taken private, worse accusations about Shishir and his other business interests.
They realised we’d found the bottom and slight signs of a recovery so they had to act before SP recovered too well and they would lose the support off long term holders. Disgusting and very worrying for their sake to think that ex board members were conspiring with the likes of tomorrowtoday.
If it comes to words and targets TGR has missed theirs / performed worse than virtually all others. Shishir maintained the 6100-6500T q1 target right past the quarter and yet it was missed by a country mile, not even close to half. Q2 then came in even lower and after that we once again get quite bullish targets for H2 but so far , with the half year over, we haven’t even been given a hint of how either Q3 or Q4 went.
As it happens TGR in many ways are in a healthier position than many other graphite miners due to taking a low cost approach to their growth strategy, so whilst misses have been egregious the losses have remained modest but that doesn’t excuse the misses.
Shishir floods the airwaves when he has good news to share but goes into hiding when the opposite needs releasing and as of this point in time has shown no ability to turn the ship around.
However it’s hard to imagine the four that are part of the requisitioning group have what it takes either. So all in all a pretty miserable situation
This meeting is NOT to remove Shishir and Puruvi. This meeting is to appoint 4 people to oversee how this company is being run. It will ultimately make sure Shishir stops lying to us all (imminently)and also stop him ftom selling shareholders graphite to himself. It will restore TSG. It will (if it succeeds)lift the share price by at least 10 fold imho. Shishir knows about graphite. He doesn't know how to run this company. He has tried and we at at 5p. What more needs to be said? Vote for a better TGR that is tun for every shareholder and not just the poddar family. Dyor
Important to look at it objectively:
- Syrah burnt through $80-100m last year and appear years away from profitability hence it’s diluted it’s shares by factors over the years just to survive, and will likely continue to dilute, making previous highs likely unattainable for holders of it.
- TGR seems to only needs some sort of small capital as it’s stated before, to allow it to unlock its higher levels of production that should bring some decent cash its way rather than out the door each year overall by my calcs, do your own research btw.
Of the two companies, I know which position I’d rather be in as a business (TGR by far), important to note how and why each is different, here I’m more focussed on the underlying business performance prospects.
Syrah;s decline over 8 years amounts to 1200%
TGR decline over the last 3 years is 3000%
Many in Syrah will have lost hugely but nowhere near the level of loss in TGR.
The numbers speak for them selves.
DYOR as I do!!!
Yes it has, even bigger for some.
Syrah 2016 SP $6.05
Syrah 2024 SP $0.50
DYOR
So why have China restricted export of Graphite? Has the hit to which you refer led to other miners taking a 1500% decline in SP?
Was the suspension last year, the rapid resignation of Broker, an accident or pure Bad managment?
The continuing " imminence" of VAT refund, which for all PI's know is due to an investigation by Madagascian Authorities. WE just do not know.
Whose naive? Get real.
Don’t be so naive, most graphite miners if not all have taken a hit. Not an exclusive issue to TGR. Shishir is responsible for building the company.
We thought foul play with Tomorrowyesterday and a few others, turns out we were correct.
Shareholders/Posters need to reflect on the catalogue of disasters that have led to the rapid decline in the SP when the company has an exceptionally valuable asset.
There is only one person who ultimately holds reponsiblity, Shishir.
I support the Group, who have in train previous Board members who probably resigned because of Management issues and the Direction of travel.
Remember these past Board members will have much greater knowledge than anyone here.
However because of the Poddar's Holding it is highly unlikely they will be removed, unless, as previously stated, some improper activities have occurred.