Total Graphite Plc Share Price (TGR)

They know perfectly well the infirmation investors want, that is production and sales figures. The fact that this information is not being released speaks volumes.

Thank you BigShow, good interview that outlines a path forwards.

I understand people's concerns and I am under no illusion that this is still a massive risk, but I do see the potential to at least get my initial investment back (after I averaged down that is), that will be at the point where the board members get their rewards from their stock option, so I am tentatively optimistic.

Interview

https://youtu.be/AU9kjjoHndQ

Looking at the sequence of events, I can understand why shareholders are sceptical. The requisition group wanted change, Shishir is gone, existing shareholders suffered heavy dilution, and individuals connected to the current board have been able to acquire significant positions at prices far below what many long-term shareholders paid. Now, with that process complete, Rollins steps aside. Whether that’s simply the consequence of a company in financial distress or something more strategic is for shareholders to decide.

It just all looks very murky to me.

What Tirupati needs more than anything is to demonstrate the ability to generate positive cash flows, do that and financing opens up and the valuation gap can close, but there's absolutely zero evidence that this is happening. It's just the same deflection tactics that we got from Shishir, focusing suddenly on nameplate capacity rather than actual numbers etc

Its awful when broken down:

Restarted Vatomina in Feb 2025 with targets of 1000tpm by July and 1500tm by December. I think the most they achieve in a month was around 500tm and by the middle of the year the July target was missed but December's maintained. That was obviously missed again and then Vatomina was paused for upgrades with a target of 1300+tpa post upgrades but no figures have been given throughout 2026.

The next update is therefore a positive operational update that shows what the upgrades have managed to achieve production-wise or its to announce another placing to keep the business operating - for me the latter is far more likely given the exiting of those two directors at such a time and the rampiness of the recent RNS' and presentation.