Member Info for Andii

Without those transactions we would be in £10m debt as outsourcing would have cost double and taken twice as long. Also, without those transactions, C1 costs to lroduce each ton would be £400/t not £300/t

those funds that tirupati paid to those two companies allowed tgr to build one of the cheapest capex and opex plants in the world.

without the engineering, design and technology from those two companies partly owned by the bod, tgr would still be scratching their ****s with 1million tone resource trying to work out how to reinforce the roads against bad weather.

also, isn't it a fact that the downstream is actually still loss making? if tgr had concentrated 100% on the downstream, there is a material risk that they would be in a far worse position now. i previously posted before about the price of producing spherical graphite exceeding the spot price right now.

instead of that risky venture, tgr acquired cheap assets in mozambique with the correct ballance of small flakes and fines to compliment madagascar and feed into future downstream anode processes once the anode market enters a bull market.

they have carried out a master stroke. they have the experts, the knowledge and doing it cheaper than anyone else in a period where china are trying to sink all thw competition.

see syrah resources

see graphite prices vs dfs graphite prices of any company you choose

see news today "china deflation"

s.poddar has navigated this landscape before and succeeded. he also took a £300k paycut

here is a nice diagram i made to explain the situation

https://ibb.co/7bbgmly

They also had 1000MT of product in inventory at the end of March. This can shipped to buyers with only transport costs.

They are also waiting for a £1m tax refund

Interview here

https://twitter.com/tirupatiuk/status/1687372547493367808?s=46&t=Kd9oN7lEXrwqvOg2hyHmPg

here is that interview again

https://www.***************************/tirupati-graphite-a-very-eventful-and-successful-year-video/4121124649

here is myles mcnulty's value analysis piece from april

http://www.aimchaos.files.wordpress.com/2023/04/tirupati-graphite-valuation-analysis-05.04.2023-5.pdf

Https://ibb.co/ZxvMK8p

Renascor resources, require $145m to build 75ktpa

Still only at DFS stage. Market cap £222m

Total resource 6.8millionT vs TGR 14millionT

Yeah, their order book is full (1200MT/month orders innplace until end of the year). This is only 50% capacity. They are on target to reach 75% capacity in Q3. If they want to reach 100% capacity say in Q4, they will need non dilutive funding to increase production and maybe even expand to 36ktpa capacity.

Or they can just keep growing at curent pace using revenues from production. They intend to leverage debt against their order book. I wonder how much? Just enough to ramp up production? Or enough to build 50kpta in Mozambique too?....

Probably got the best credit rating of all the ex China graphite miners!!! Shouldn't be too difficult

Https://twitter.com/AndrewMathieso3/status/1688799958714011648?t=8H9odaJRT1lUiSEPyjvP0Q&s=19

Figures and growth visualised^^^^

For the first quarter of 2023

Revenue from selling 2700t = almost £2m

Tax due = zero

Admin costs about £500k

Bres featured here

https://www.ig.com/uk/trading-strategies/top-10-uk-penny-stock-for-investors-200123

Hi Resolution time-laps satellite images of the two Madagascar projects.

https://sentinelshare.page.link/pdVN

https://sentinelshare.page.link/rVbn

Isn't it a geology term?

That's not pedantic at all, I hadn't read the notes before I posted them.

Would be wonderful if the CDC folk have their terminologies wrong and a constructed plant is an online plant! But that's wishful thinking

new longer interview released this am

https://www.***************************/tirupati-graphite-a-very-eventful-and-successful-year-video/4121124649

Northfork meeting minutes out.

https://northforkcdc.org/

Plant due online in 7 to 8 weeks.

Then we can start chipping away at the 20 projects in the USA pipeline.

https://www.cga.ct.gov/et/tfs/20220801_Solid%20Waste%20Management%20Working%20Group/20221215_Subgroup%20Meeting/Introduction%20to%20EQTEC%20(Dec%202022)%20CT.pdf

Natural graphite prices just ticked up for the first time in 6 months

https://www.asianmetal.com/Graphite/

Are they about to bounce up?

Both plants have been expanding their size when checking satellite images, so actual figures for mined production could be quite good.

Just waiting for the actual payments to be received by customers before stepping on the accelerator. We might be at that point now.

https://sentinelshare.page.link/LMMq

https://sentinelshare.page.link/ZcTQ

https://ibb.co/b3t6St0

Total sales

1H FY 2023 = 1,619MT @ £689/MT

2H FY 2023 = 2,291MT @ £752/MT

1Q FY 2024 = 2,772MT @ ?

Capex expenditure Madagascar 31st march 2023 = £13,490,367

Same capex expenditure 31st march 2022 = £8,415,263

= £5.075m invested in Capex in 2023FY

"Operating margins up due to actions taken to mitigate weather conditions"

"Considerable capital used to build capacity, undertake weather mitigation work, complete the acquisition of Suni Resources, and build inventory of spares and consumables for the expanded operations, more so as larger corporate buyers need to be provided 60 to 90 days payment period from shipment date."

*larger corporate buyers? = new customers?

"Completed the construction of the maiden 100 kilo watt hydro power plant in Sahamamy and generated its first power during the year, though commercial use of power commenced only in June 2023."

What is meant by commercial use of power?

The Group has tax losses available to be carried forward and used against trading profits arising in future periods of £6,430,959

Gaisan, in 2023 the company had all types of expenses which will not happen in 2023.

CLN admin costs

Money to Mozambique into Escrow

Money to Battery Minerals for the 13MT resource

Administration costs for the M&A (two non execs now left the building)

Cost of cash raise

Road upgrades

Hydro construction and comissioning

Construction and comissioning costs of increasing the production plant from 12KT to 30KT

Shut downs due to bad weather, they are now redesigned to be resilient to bad weather

Disassembling and moving pre concentrate units

Buying a second drill rig

They incur none of those expenses now in the current FY, sales prices have gone up, costs have come down and we are told that they just sold more product in the first quarter that is required for "positive operations at the corporate level"

Shishir Poddar is executing this amazingly. (How cheaply did he manage to get 13MT construction started resource)

Just benchmark any other company coming online right now, walkabout resources have debts to repay on all their profits for the next 3 years, next resources relying on large cash raises for working capital and have $30m worth of debt and only 17ktpa plant capacity, syrah resources heavily loss making every year with huge debts.

(In Q1 this FY) "The company achieved sales of 2772 tons"

"According to the Company's estimates, it achieves positive operating cash flows at the corporate level at an estimated 800-900 tons of sales per month"