Member Info for Crocqman

Positive news on North Fork has been a long time coming, much like everywhere else.

It could be a catalyst for some SP movement, but I would not be at all surprised at anything here at present. Certainly not expecting huge gains on news, but anything that can start to turn the tide of bad sentiment here and at least give the SP a positive nudge would be a start

Does there have to be a reason of note behind the 2 trades? One party might have been looking to either buy or sell and the broker managed to match it with someone wanting to do the opposite.

You see these things all of the time, but it only seems to become important when people start looking into absolutely everything that goes on with a company to try and make everything mean something more important than it is (good or bad, depending on how they are looking to interpret it and present it as 'proof' to validate their particular view).

For me, it is now the gas storage where the value is at here, and why I will remain a holder, but the question is how much will ANGS have to put towards any collaboration and where will the money come from for their share?

I don't think even any new sidetrack will add that much given the time and cost ANGS will no doubt take and Brockham will be no different. They will just be expensive and delay-filled exercises, perhaps only covering their costs if successful (if) and take valuable time and resources away from what is clearly the money-maker with the SFB site.

ANGS lucked out with the SFB site and location, and need to make the most from it by getting on with the storage solution.

Imo

BM,

I guess all this depends on how far you want to drill down into everything. For me, it is not important given the responses I have from TGR.

In the reply I received, it has been stated that larger consumers buy directly from source (e.g. TGR) while smaller consumers buy from intermediaries in their region. Pranagraf are noted as one intermediary source in India, so not even a monopoly in India although I do not know who else they may use, perhaps it is regional agents given the size of the Country.

Although India is stated as their largest market, it suggests to me that not all of India demand goes via Pranagraf, and neither does non-India demand (U.S.A. Europe, Japan, etc).

The company had advised that there are no preferential terms for Pranagraf and all deals are disclosed as related party transactions.

I do not know how much exactly goes via Pranagraf (I have not looked into this, tbh) but my takeaway is that it is not everything in India and certainly not everything worldwide as has been suggested.

Any and all details will be scrutinised in any case, although again, this will be open to interpretation.

I think too much is being made of the company structure and relationships with suppliers/connected parties, and it is a concerted effort by a disgruntled investor to look for things to knock TGR in any way possible to put doubts into others.

Not saying you shouldn't dyor and feel comfortable with the set up yourself, but for me, these aspects have been done to death now and I won't be commenting on them any more.

I would again direct anyone with specific questions to take them directly to the company. They may even offer you a site visit to Madagascar for your interest!

Thanks for that appraisal Starbright. It looks to be a balanced view to me.

I know a lot have moaned about how long the refinancing was taking, myself included, but just looking at the RNS, even as a non-expert on the matter any reasonable person can surely see how complicated the process must have been to get agreement with so many parties involved.

Glad it is now out of the way, although as I have posted many times over the past few years, Balcombe/Brockham, etc is of no interest to me.

I have some breathing space here now as I have mitigated any CGT requirements for this tax year from elsewhere, so my deadline for taking action has moved. I will see how this plays out over the coming weeks before making any investment decisions, although I will still likely sell half my position if I see a chance to do so and there is an opportunity elsewhere to make it worthwhile.

I wonder how many of those constantly attacking ANGS over recent months have jumped in for a quick trade today while continuing to tell everyone to avoid?

gla

BM,

Neither here nor there really given the size of the trade and recent volumes.

Trading volume has only broken 1% of shares in issue 5 times in the last 3 months. News needed to change this and for anything to happen with the SP.

Let's hope these meetings over the past couple of weeks result in something positive along with production figures which can't be too far off.

While the talk from the bod has put a lot of the silly rumours to bed for me, there is still market uncertainty and we need action to back up the talk in order to change the market view of TGR

Straight into the bin. Should have done so a long time ago.

Good to finally get this sorted and the MOU is a bonus, no doubt a bit of a sweetener as to the terms.

As maddog posted yesterday, how long until the details are picked to pieces and presented as a bad deal for Angus and shareholders as has been repeated for months.

Over to Oofy to tell us all the hidden (bad) extras and the nuances in the announced terms that mean Angus have been held over a barrel and shareholders duped.

It will be interesting to see the market reaction and any professional commentary on this news.

gla

Hi BM,

I didn't post the whole response as it would have run to 4 or 5 posts and I was trying to get it all into one post, just by cutting out a few comments that didn't really add anything to the reply. Unfortunately, it still needed 2 posts.

Also, a couple posted that they weren't interested in company replies and just wanted TGR to get on with things, so I did essentially cherry pick just to answer the question about connected companies, but it is all in context and nothing untoward.

If people choose not to believe that then that is up to them. Everyone can contact the company and ask the same things. I did because a poster was making continued false and misleading comments and claimed that no one was getting a reply, suggesting even more negative aspects, so their claims are, imo completely unsubstantiated.

I occasionally post on here and have done for a while now, always open and honest about my situation and reasons for investing. Again, people can make their own minds up on that

People will always look to put their own spin on something, so you cannot win on these boards with some.

I am not trying to ramp and I am not trying to influence anyone, unlike others clearly are. I just feel that there are more circumstances out of the company's control that are impacting the SP just now over and above some of the historical issues that have been discussed over the past year.

No company is perfect, but as I keep saying, I would rather be invested in a company that is producing than an explorer

Good luck

Continued...

"As we have advised time to time, our strategy is to evolve our markets ex China - obvious reasons - if we compete with Chinese sources in China we have a negative on logistics cost to the customer.

Accordingly our market development strategy is divided to serve 3 key geographical regions, Europe, the USA and rest of Asia.

Geographical split of our markets have been advised through our financial reporting. We have accordingly worked on developing our markets across the two broad segments and have the most renowned intermediaries and reprocessors as our customers in the US, Europe and India, Pranagraf being one of such in India. Additionally, we have a bunch of end users in all the geographical regions and it is important to note that the in roads that the founders and their entities have had with these end users has been the basis for us to be able to achieve them as our buyers, and for avoidance of doubt, no cost is incurred by TG towards introductions and inroads to these end buyers.

As we set up and ramp up production at our projects, there are obviously products that are out of specs at times and given the fact that there are different size distributions of customer requirements which leads to some size distributions produced more than we have markets for. In these circumstances we approach our intermediaries and I can say that Pranagraf along with some similar European intermediaries have helped us move these materials at workable prices whereas others expect a highly discounted price for such materials. This is another benefit we derive from our founders and their entities".

This is all just a part of the message I received.

Regarding any others issues, or further clarity, I suggest dropping TGR a line.

I would suggest that tomorrowtoday's claim that his and 'everyone he knows' who have been ignored by the company either did not happen, or his correspondence was not sent in a respectful manner, rather an incoherent rant like his posts here.

Good luck

BM,

Here is the extract from the email I received in relation to PranaGraf, etc (I have cut relevant parts, so not verbatim):

"Various agreements were put in place between TG, the founders and their entities so as to protect the interests of the parties and governing transactions between the parties and these are rather favourable towards TG, it being the public company. As an example the brand Tirupati Graphite and the logo is a registered trademark of an entity of the founders, this was globally recognised in the world of graphite when TG as created and TG received the rights to use this brand at no cost to it, and thus gave us the benefits that come from an established brand at our initial stages itself (we had orders even before production started at all stages, as you will see we have sold whatever we have produced).

All transactions between TG and the entities of the founders are conducted under the provisions of these agreements, and are obviously annually audited, reviewed under the scanner of transfer pricing regulations.

PranaGraf is one of the entities of the founders that is reprocessing and marketing flake graphite in western India, developing downstream flake graphite technologies and products and holding the R&D activities. We have heard a lot of talk on chat boards in relation to sales of our products to Pranagraf. India is one of the largest natural graphite importers today, and an important market for us. For being able to sell our products we have to go by the market structure which constitutes specialist flake graphite reporcessors and sellers catering to smaller customers in a region, and larger consumers who can buy directly from global sources. Thus across geographies we sell our products, USA, Europe, Asia (except China) we have both types of buyers. In India one of them is PranaGraf and there is no preferential pricing or terms offered to any and transactions with them are disclosed as related party transactions.

Graphite being a critical input material there are entry barriers and substantial gestation time to create markets for new sources. The markets can be categorised in two types broadly, first being larger consumers who have the ability to buy in larger quantities (in container loads) and prefer to buy from source (like TG) and second smaller consumers who buy from intermediaries in their region. Each region (USA, Europe, Japan India etc) has established entities in Graphite, PranaGraf is such one in India".

Continued....

I know some said they are not interested in replies to company emails, but I received a very extensive reply from TGR yesterday afternoon. Far too much detail to post here (nothing price sensitive, of course).

The reply confirmed that Shishir has has been in Madagascar for the past 2 weeks meeting customers and the reply covered such topics as NED turnover, cash and the recent raise, totally unfounded BB rumours from he likes of tomorrowtoday on here, company structure and related parties (and their full and transparent nature), growth and development strategy, and more. There was even an invitation to visit the operation in Madagascar for myself plus info I had not raised questions about.

He shares disappointment at the current SP, put down to the currently depressed graphite price and supply exceeding demand at this time, and their fear is that they are vulnerable to a hostile takeover at these levels, far different from any claim they are looking to take the company private which has been dismissed previously.

I am certainly comforted by the reply and my decision to put tomorrowtoday on filter for spreading false and misleading information.

I will await the next official news release

gla

Fyi, I was disappointed not to get a reply to my email last Monday which raised various Q's, so I sent a follow up email on Saturday to express my disappointment at their lack of acknowledgement.

I received a reply from Puruvi this morning to advise that the corporate team had been in Madagascar last week, hence the lack of response, and that I would receive an answer to my email 'shortly'.

If I receive anything further, I will post on here.

gla

Agreed HarChris.

He's ignored my question for a 3rd time and just started a new negative thread, so confirms what we can all see

In the filter for me, and I have reported him to LSE too for making and repeating false statements

Tomorrowtoday,

And you still talk about 'we', 'everyone you know' and 'lots more people' who share your views/concerns.

So, I ask again, who are all these people you talk about who you seem to think you represent and who you are trying to present as a concerned majority regarding TGR? None of them post on here, so where is this support group where you all constantly exchange your worries and hatch plans to report TGR to the FCA while doing your best to destroy shareholder sentiment with you unsubstantiated rumours?

3rd time of asking and you seem keen to avoid answering this. Last chance, to reveal this mysterious group you 'know' before going on ignore as an agitator who over-invested and won't take responsibility for their investment decision.

Constant new threads, all with a negative titles and repetitive themes based mainly on supposition are always clear indicators on these boards of de-rampers, trolls or disgruntled investors with an axe to grind.

As I said before, no problem with alternative or negative views when factually presented, but there is no rationality or substance in your posting here

But is he talking really about these things 'constantly'? How many times have these exact phrases actually been uttered by the CEO?

Not defending the performance in recent times by any means, but repeating the same argument over and over trying to make out it is a regular event is a bit disingenuous, imo.

A bit like keep talking about the SP from 2 or 3 years ago and using that as a benchmark of recent performance, when the SP is one of many factors to be taken into consideration, a lot of them external influences that the company cannot control such as the fact that many investors have been steering well clear of small caps and high risk stocks for much of the last 3-4 years and keeping assets in cash until the economic environment is more stable.

If I was that concerned about the things regularly posted here, I would take my losses and put my money elsewhere, but so long as I do not see a material change I will continue to hold and wait.

Let's not forget, the European legislation on DMS was due to come into effect in July 2022 (part of the reason I invested back in 2021) and was put back until 2024. Perhaps this material 2-year delay has had some impact on growth and delivery over the past couple of years? I'm no expert though.

gla

Just in respect of comms, which I have not had a problem with in the past, I did actually send a message to the general email address for TGR on Monday lunchtime and disappointed not to get a reply, or acknowledgement.

I have received replies in the past, often within 24 hours.

I hope this is not a sign as this lack of acknowledgement of correspondence to their published contact details would be a bit of a red flag for me given history elsewhere. Despite the meet and greet, they do seem to be shooting themselves in the foot on this front of late compared to, say, the first 6 months of last year and before.

Volume is still pretty low, currently circa 0.25% of shares in issue today, so not putting much store by individual trades, and a 100k trade at circa £10k is not a big trade by any means. Double that, or a run of multiple trades at that level and it could mean something, but for now, it is all about next news to get the SP moving, imo

gla

Or you could argue that it is in his best interests to say that given that he knows how many people and past investors have lost money in MODE and he needs to try and keep them onside.

He's never going to come out with negative or low expectations is he when there is money on the line for him and his city mates.

Still pointless to speculate, imo as there is little to nothing to go on, so anyone's guess is as good as the next one's at this stage.

I will be happy with any gain from here given I wrote this off long time ago, so anything above the suspension price will be a bonus

gla

You keep talking about 'we'. Who is this 'we' as it only seems to be you and much of your posting is potentially libelous too. Who are you representing with your views?

You say that TGR need to be reported to the FCA but what actual evidence do you have of anything untoward?

You claim a couple of posters are cheerleading rampers but their posts are at least from factual sources despite your claims to the contrary, whereas you seem to be putting 2 and 2 together to produce deliberately exaggerated or sensationalised scenarios.

Why do you keep demanding that everyone on here does what you think they should do?

What evidence of insider trading?

What evidence is there that the bod are trying to keep the SP low to take it private?

Where is this growing concern as I only see you and maybe one other saying such things?

Who is this 'we' that you say have written to the company and been ignored? How many do you know that have done this?

You say a lot but much is just conjecture, supposition and reaching statements that you suggest are coming from a majority that appears to be no more than a handful of people at best.

Yes, the SP performance has not been as expected, particularly after the China ban. The same can be said across many, many stocks currently.

Yes, there are matters here that are not as transparent as they should be. The same can also be said for many other similar shares. Here, comms is better than most who can go for many months without giving any updates, other than obligatory announcements.

Yesterday you said the SP was dropping to 5p. It is almost double that and has never been close to that level.

You are just scaremongering, it seems. Every day is it a new doom and gloom thread title to bash this stock. And for what aim?

Why don't you contact the FCA if you are so concerned? And post your correspondence here as proof of doing so. They would like some clear evidence of wrong doing though, not just speculation and ranting from a disgruntled investor.

I am 95% down on another share and have another one suspended at 90% down, but they were my decisions.

I am down here too, but it was my decision to average down.

There is a lot that could be done better here, and also a lot that is being done well. If I was not happy, I would say so, sell out and put my money somewhere else. I have done this elsewhere and will continue to do so.

Have a moan by all means, but at least have something solid to back up those moans, not just suggestion and inference.

We are all entitled to an opinion, and I have no problem with alternative, evidence based views. I do not see any real evidence to support your constant anti-TGR barrage though.