Tirupati Graph. Share Price (TGR)

The SP bounced off the bottom following Alastair's director purchase but I'm talking about since the two updates on 7th March. I wasn't expecting immediate changes but we will need start to seeing action match talk for a genuine recovery, of which being at 5.8p isn't.

As the year runs from March to March we're now due a full year trading update, let's hope that H2 at least beat H1 production-wise for starters. From there I expect to start seeing progress on the fronts I previously discussed - cash from the Mad gov. , debt facility, reputable new NEDs etc

Agree with most of that HarChris, but you say so far so bad for the last month, yet the SP is actually up on the month. For me the downward spiral stopping or at least pausing can be taken as a positive, we were last updated on Shishir’s imminent plans and now patiently waiting to see if he can execute them..

I don't disagree now that this has become somewhat uninvestable until changes are seen / improvements are made but that clearly wasn't the case in the past. There was no issue in raising funds even as recently as January and the only reason more wasn't raised previously was because the Poddars didn't want to dilute themselves and believed they could achieve all that they planned to with the most minimal of resources.

It was slowly becoming evident through 2023 that Shishir's walk did not match his talk but it was only after the resignation of Isobel that investors truly rushed for the exit. Before that the board was starting to look a lot healthier but after isobel's resignation, followed by Murat, Shishir was forced into the laughable decision to have a board of three - himself, Puruvi and the apprentice.

So far over a month has passed and none of the proposed changes have been seen. The search for a CFO continues, the search for two new NEDs goes on, the $2m hasn't arrived and there's no news on the working capital facility. So far so bad.

I couldn't agree more Gallmat. The problems with this company are not market fundamentals, graphite pricing or getting a VAT refund on time or not. With no disrespect to the posters here but the problem is the mgt and board/governance. The markets are closed for both debt and equity until they get their act together. The company has been all but uninvestable for at least a year as I pointed out before. No serious investors will touch it with a board stacked with insiders. The Poddar family are in breach of their relationship agreement that was signed at the IPO. Also the reserves are not properly certified and they cannot raise grants or other government financing because the accounts won't pass muster. Operational performance and comms are also poorly executed. All serious shareholders should join in trying to press the MD/chairman to make some substantial changes. I know that I'm a bit of a stuck record but I actually don't want to be negative just want the company to succeed.

I mentioned this to ceo on multiple calls but he does not listen. That is the issue.

Talking about 8pct of market when you cannot get anyone to give you a couple of mill usd to ramp up to break even is nuts.

This is biggest issue, this is not executed professionally.

Dfs. Offtakers, financial forecasts and contingency built in

Sadly run like a small family business. Have a go and debug it later.

Personally i cannot see governments taking the company seriously for grants, especially given they could not get their accounts made on time