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Pin to quick picksTirupati Graphite Share News (TGR)

Share Price Information for Tirupati Graphite (TGR)

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Share Price: 7.50
Bid: 7.00
Ask: 8.00
Change: 0.75 (11.11%)
Spread: 1.00 (14.286%)
Open: 6.75
High: 7.75
Low: 6.75
Prev. Close: 6.75
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TRADING UPDATES: Georgia Capital needs new CEO; Macaulay Capital IPOs

Fri, 29th Jul 2022 22:04

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Friday and not separately reported by Alliance News:

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Macaulay Capital PLC - AQSE-listed investment firm - Begins trading on Aquis Stock Exchange Growth Market on Friday, having raised GBP1.9 million from its IPO. Will have 10.0 million shares in issue. Managing Director David Horner says: "We are delighted to bring Macaulay Capital to the market and have been enthused by the investor appetite for what we believe is a commercial proposition, with a significant opportunity to exploit the increasing awareness among private investors for alternative investments and for the potential for significant long term capital appreciation."

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Georgia Capital PLC - Tbilisi, Georgia-based investor in businesses in Georgia - Wholly-owned subsidiary Georgia Healthcare Group's Chief Executive Nikoloz Gamkrelidze steps down. Current Deputy CEO Irakli Gogi takes up CEO role. Gamkrelidze was planning to take up role of Georgia Capital CEO in May 2023. "Following Nick's departure from GHG, he will not now take up the role of Georgia Capital CEO in May 2023," company adds. Firm will announce "a further update in due course with regard to the appointment of a new CEO". Irakli Gilauri, as previously announced, will continue in his existing combined chair and CEO role until May 2023.

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Riverstone Energy Ltd - Guernsey-based investor in energy companies and assets - Says Conventional portfolio value ends June 30 at USD269 million, with the private Conventional portfolio at USD382 million. Decarbonisation public portfolio valued at USD96 million with the private portfolio at USD151 million. "While current geopolitical tensions persist and the global economy continues to recover from pandemic conditions, we expect our energy trilemma: security, affordability, and the need to decarbonise to mitigate the worst effects of climate change and drive global market dynamics," it explains.

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Amedeo Air Four Plus Ltd - investment company that buys, leases and sells aircraft - Net asset value per share ends March 31 at 90.34 pence, rising from 71.80p at the same point a year prior. Sees total annual rental income of GBP130.0 million, sliding from GBP201.4 million the year before. Notes portfolio value falls 16%, slowing from the 20% drop seen the year before. "Last financial year was about finalising the Thai Airways restructuring and determining the level of future dividends," it explains.

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Gama Aviation PLC - Farnborough, England-based aviation services company - Appoints Senior Independent Director Peter Brown to chair role. Brown was serving as interim chair following resignation of Non-Executive Chair Simon To on July 13.

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Tirupati Graphite PLC - London-based company specialising in graphite and graphene - Extends long stop date to acquire Suni Resources SA from Battery Minerals Ltd to end of August. Deal was originally agreed in August 2021. "The completion of the acquisition is pending regulatory approval and all supporting documentation has been submitted to Mozambique's Minister of Natural Resources and Energy," it explains. Adding: "The acquisition will provide Tirupati ownership of the advanced Montepuez and Balama Central graphite projects in Mozambique, alongside associated technical intellectual property related to the assets."

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Pantheon Resources PLC - London-based oil and gas company focused on Alaska - Alkaid-2 well on the Alaska North Slope reaches total vertical depth of 8,584 feet, with a measured depth of 8,950 ft, having "encountered multiple oil bearing reservoirs". It adds: "Initial analysis indicates significant improvements in reservoir quality which could potentially lead to a material upgrade of the current resource for all targeted horizons." Confirms more than 1,400 ft of gross continuous oil bearing strata throughout the section drilled.

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Hummingbird Resources PLC - gold production, development and exploration focused on West Africa - Pretax loss in six months to June 30 widens significantly to USD23.9 million from a USD3.3 million loss the year before. Production costs rises to USD64.9 million from USD56.0 million. Revenue slumps to USD70.4 million from USD86.6 million. Says sales of USD66.3 million, down from USD84.0 million, were generated from 35,668 ounces of gold sold during the period at an average price of USD1,859 per ounces. Notes production dropped but price was up year on year. Maintains 2022 production guidance of between 87,000 and 97,000 ounces.

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Bradda Head Lithium Ltd - North America-focused lithium development company - Pretax loss in year to February 28 widens to USD3.5 million from USD633,188 loss the year before. General & administrative expenses rises to USD3.5 million from USD452,860 following IPO in July 2021. Does not generate revenue in either period, but notes USD2.3 million gains on sales during the most recent period. "The company is well-funded to carry out its exploration plans, and to unlock the full potential of its projects," Chair Ian Stalker says.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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IN BRIEF: Tirupati Graphite agrees to shareholder general meeting

Tirupati Graphite PLC - Graphite and mineral producer, which is currently focused on flake graphite mining projects in Madagascar - Updates on the letter received from Walpole St Andrews Nominees Ltd on behalf of a group of underlying shareholders holding, in aggregate, around 5.8% of the issued share capital. The letter requests Tirupati Graphite convene a general meeting of shareholders. Following legal advice, acknowledges the validity of the requisition letter. Intends to comply with its obligations. Intends to provide a full response to the letter as soon as possible. In the interim, offers meeting with the requisitioners to understand their concerns in more detail. Remains committed to engaging with all shareholders.

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11 Mar 2024 13:54

IN BRIEF: Tirupati completes drilling at two graphite projects

Tirupati Graphite PLC - Graphite and mineral producer, which is currently focused on flake graphite mining projects in Madagascar - Completes exploration and resource drilling programme at its two Madagascan flake graphite projects. This includes the completion of around 5,000 metres of diamond core drilling, 26,000 metres of auger drilling and 360 running metres of six to eight metres depth trenching across the two projects. Chair Shishir Poddar says: "It is significant to note that the completion of current exploration phase reduces our cash use towards exploration and the team and our resources will be further focussed on achieving our goal of achieving Ebitda positive results at the corporate level in the immediate term."

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Tirupati Graphite swings to profit on acquisition gain; plans funding

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