Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Also topped up another with another 27k. This could be the start of a re-rate….
Wow NT at 5.7p now
If he can top up so can I 76 k
Maybe someone thinks we are already in BST???
Don't you hate mm manipulation 1 mm sits at 5p offer and refuses to move up. I've just had a 25000 order at 5p rejected
so they clearly have nothing to offer so why not move up to a price where they will offer some stock
I bet Shishir would love to buy up miliions at this price (assuming he actually has the cash to do it) but can't without sparking private take-out rumours.
Good to see, why issue the news at 8am open why not 7am !
RNS - well 400k of those shares were bought by Alastair Bath
That's good to see, a million worth of buys in the last half hour - hopefully that buyer continues chomping tomorrow.
Very interesting buys ?
Yep nothing left on offer now not even 25000 at 5p
Late buying and rally on L2 and stock is vanishing fast online so nice late push before the close
Next RNS , most likely
VAT in bank
or
Customer is happy and wants every month container 25 % higher price (regular)
or
Money found/raised for future increase graphite production , non dilutional
What else does one want, time to buy IMHO
Fre1
"· Recent meetings with the Madagascar Government for the release of VAT refunds of c. $2m have further added confidence that these will be returned to the Company imminently;"
That was on 7 March. Iminently, to me, means any day now. The problem is, the co has no credibility on forecasting cash , bcos previous confidence has been shown to be misplaced. So i have little confidence in that statement, now almost 2 weeks old.
Perhaps an RNS will land tomorrow saying it's in the bank....at that point, w can all get out the flags and start to take some of the production/revenue forecasts seriously.
But until that time, I'm not holding my breath.
Binbin,
Correct that TGR sold this product directly to a German buyer.
I believe TSG is effectively an intermediary used to sell to the India market only, and is necessary for for legal reasons for operating in India. This does not fit in with the narrative that some are keen to portray though.
The RNS was positive for me too
RNS for me was positive.
Also there was a poster on here whom suggested TGR was selling unrefined graphite to TSG. With the implication TSG were making more money than they normally would in an arms length trade. Hopefully (if I have understood the latest RNS and the posters comment) the recent arms would alleviate that concern, as it is saying TGR are refining the product and selling it to a German buyer
Yes fre I'm hoping the next rns relates to the $2m being received and with it a declaration that no short term cash funding is needed (but still securing the credit facility) - that would give a healthy boost to the share price.
Happy enough to see the sell off pause at least, freed up some cash but will wait till things are clearer
Also, will be a nice cashflow addition:
Recent meetings with the Madagascar Government for the release of VAT refunds of c. $2m have further added confidence that these will be returned to the Company imminently;
· The Company achieved prequalification of this product with a German buyer and supplied a bulk commercial scale full container load for product trials by the customer, which has been successful.
· As a result, the Company received a further final qualification order from the buyer and has now shipped the next full container load of the material to the buyer.
· The qualification shipment was supplied on normal commercial terms and reflecting the premium value of this product.
· Upon receipt and approval of this final qualification container, the Company expects to receive monthly shipment orders from the buyer.
· Recent meetings with the Madagascar Government for the release of VAT refunds of c. $2m have further added confidence that these will be returned to the Company imminently;
Nice to see that the company can produce a high quality product which is in demand by European customers. However, having a board composed of Shishir, his daughter, and a recent graduate is not a sustainable position for a listed company with ambitions to be a major player in the graphite space.
Shishir needs to get quality NED's in ASAP and to keep them for more than a few months. What the issue is here is beyond me, but I suspect he may be difficult to work with or isn't paying the non-execs for their time.
This is also particularly important for obtaining debt finance, as corporate governance is a key aspect for lenders when looking at prospective clients.
HarChris agreed, if it needs to be done and will accelerate ramp up I’m all for it.
Well if they can keep up the momentum and get the share price at least back to where it was in Jan i'd happily participate in a small placing for the other £1m. Not the end of the world if that's needed for ramp up.
Observation. The last 3 rns's could have been released as 1 item with 3 sections. Clearly they are trying to generate some positive reaction.
Normally when you want a higher price for a reason e.g a
It’s a long climb to the issue price.
I just cannot understand a company with so much potential has reached this stage.
I can only blame the board as it is the only LSE listed company with such credentials.
Plenty of time to buy & there is no rush as I do not want to keep loosing.