Member Info for DRealJohnJohno

TGR is genuinely at a major inflection point. The recent name change, the encouraging development options around Mozambique, the restart of production in Madagascar, and the new management incentive plans all point to a very bright future ahead.

Like many shareholders, I’m eager to see detailed production figures and forward guidance. While it’s been frustrating not to have received these yet, I appreciate the cautious approach — we’ve seen them before set targets only to miss them. It feels like the team is focused on bedding down operations, reaching steady-state production, and then communicating with confidence.

Getting to consistent production levels is absolutely critical. If the company can achieve break-even or better, I believe we could see a dramatic re-rating as market trust is rebuilt. Compared to our peers, TGR has the potential go beyond 50m market cap ( 5 times from here) once production is stabilised and scaled.

The next RNS will be extremely important. If we see current production hitting 1,300–1,500 tonnes and ongoing guidance above 1,500 tonnes, I expect a strong and aggressive re-rating, if not its over..

RNS was not 100% clear but if i have read this right this is material above and beyond normal graphite flake. Would of been good to expand on this more, but if that is the case this can only be positive to bottom line.

April 2026 transactions initiated: 180 metric tonnes (MT) of one value-added product type (average 98% fixed carbon).

60 MT already settled → $91,000 revenue realised.

Remaining 120 MT at port, ready to ship imminently.

Implied realised price: $91,000 ÷ 60 MT ≈ $1,517 per MT.

Development pipeline (as of week commencing 27 April 2026): Transactions for 900 MT of various grades of value-added material across the period April to November 2026 (first ~8 months of the Company's FY2026/27, assuming a March year-end).

This pipeline covers up to four different high-value downstream products (high-purity flake, ultra-high-purity flake, expandable graphite, and colloidal graphite) expected in the first half of the financial year alone.

Estimated Potential Order Value / Turnover Contribution in FY2026/27

The RNS provides no explicit full-year revenue guidance or firm contracted order values beyond the pipeline and April example. However, using the only pricing data point given ($1,517/MT average) as a reasonable price for estimation.

Visible pipeline (Apr–Nov 2026, 900 MT):

900 MT × ~$1,517/MT ≈ $1.365 million USD potential turnover (if all transactions execute at similar pricing).

This would be additional group revenue from the new trading business.

Extrapolated full FY2026/27 (Apr 2026–Mar 2027):

The 8-month pipeline rate averages ~112.5 MT/month. Extending at the same pace for the remaining 4 months implies ~1,350 MT total for the year → ~ $2.05 million USD potential additional turnover.

Given turnover has only been that or less for past few years for graphite this is extremely positive news, but seen keen to see flake production rates and guidance for 26-27

You betting Chris or sitting this one out…..

If that is the case not too fused as if there driving business forward we both do well from it.

Query:

So am I correct in thinking the First 50% of the warrants only become usable once the price hits 3.0p (10-day VWAP).

• Remaining 50% only become usable once the price hits 4.5p (10-day VWAP).

So in practice:

They get the right to warrants today, but they only profit (and the company only issues new shares) if the share price roughly doubles (for half) then triples (for the full amount) from current levels (~1.57–1.60p)

The site looks expansive in recently released pictures

https://x.com/tirupatiuk/status/2044764618317238297?s=48

Certainly has potential to very easier hit 6-10p which is my bear and bull case.

Really all depends on management teams ability to meet production targets. If we hit 1500 production per month this is a minimum 50m market cap company but if unable to meet production we will face heavy dilution.

Risk reward is huge….

Whilst no indication from the company, there is several searches across LinkedIn for mining engineers from TGR.

This can only mean positive news that we have a live and producing mine.

The Prospectus (page 5/331 lists the following as the bottom two shareholders with significant post-Admission stakes from the recent rescue placing + CLN conversions:

• Shreya SDL Limited — 98,124,384 shares (12.87% of enlarged capital)

• Inland Global Limited — 125,486,174 shares (19.41%)

Shreya SDL Limited (98,124,384 shares – 12.87%)

Shreya SDL Limited is a very recent UK private limited company (incorporated December 2024, Company No. 16146491), functioning as a Poddar family investment vehicle.

• Role in TGR: It received its entire large stake via the recent CLN conversions and/or placing at 1.5p (zero shares pre-Admission).

• Ownership: Controlled primarily by Shreya Diamond LLP (75%+), with Ankit Anil Poddar (from the founding Poddar family) as a key director. It is linked to the same interests as Haritmay Ventures (Shishir Poddar) and PG Resources (Hemant Poddar), who were long-term promoters and historical large holders.

• Nature: A newly created shelf entity specifically to participate in the rescue financing round, allowing the family to inject/support capital while retaining significant influence post-heavy dilution. Typical structure for promoter families in AIM micro-caps; minimal other public activities.

I expect this is not shishir and likely his brother Hermet Poddar ( company in his daughter name)

For me this is a good sign….

I’ve been both critical and positive about what’s happened over the past two years—it’s been a painful lesson in trust.

Today, I decided to average down significantly with a trade toward the back end of the day. Is this risky? Absolutely. But did very well with $NBIS (Nebius recently that made 100% profit on investment and some .

I made this decision based on a forward-looking view, ignoring the noise:

-I’m getting in at roughly the same price as strategic investors. Yes, I don’t get the warrants at 3.75p, but I’ll be close to break-even before we reach that level.

If you look at the company’s fundamentals, there is now a stronger, more independent board.

- Inland and the strategic investors appear to have done extensive research and seem credible. They typically invest in companies for significant returns, not to create lifestyle businesses as would make no sense.

-It looks like Poddar (the other brother) may have taken part in the funding via his daughter, based on the new top five shareholders listed in the prospectus.

- Mark Rollins mentioned in an interview that the company has sufficient funds to reach break-even and expects to be moving in that direction.

Overall, when you look at the fundamentals, this company appears to be worth more than a £10m market cap, especially with a mine in production and licences in place.

Call it a last roll of the dice. Am I confident? Not entirely. But do I think the risk-reward is worth it comparing position of business compared to others

Let’s hope we have the turnaround story we have been promised

Be great to get update on production and news flow on licenses and cash position

Looking at main path of cyclone it doesn’t go through main mining area and it happens this time of year so this risk of stopping should be built into the production forecasts (any well run project would have this risk built into forecast).

This should be an excuse for not hitting targets, when we eventually get an update..

The lack of updates is concerning, especially given that many of the same individuals previously criticised the former board for withholding information, while the board and advisors taking significant wages. A company with turnover of less than £5m can’t sustain this so let’s hope they are pulling something off in the background.

I would say the same thing if I spoke to any of the board but doubt that will happen, there is double standards at play. I am no fan of Shishir as we no he was terrible , but Shishir was criticised for exactly these same issues of non reporting go back to interviews and it’s clear double standards.

Main concern is new CEO has not said a word apart from one statement or given a single interview. That is no way to run a business or being leader of a publicly listed company…..

Also just be aware, They are all on this board under false names, so please don’t believe what you read here.

I want the best success for the company and still believe the story, asset, graphite in general. Question I am not sure on is will this turn into a lifestyle company to fund advisors, chairman, ceo and others or do the truly want it to be a success. The jury is still out, them investing shows promise but this was at big discount and was likely unpaid wages/ fees.

Best of luck and go easy

I will certainly hold my view until I see the next update.

But I have seen nothing that tell me the organisational changes has been positive in relation to salary’s incurred.

Happy to be proved wrong, but from shareholder perspective alls I have seen is further dilution on-top of further dilution , CEO changes, and missed targets.

But we will see and as a shareholder keen to see progress but I call it as I see it and I have not seen notable difference.

Chris, whilst I would agree, I wouldn’t put anything past this stock. Expect the unexpected.

On points raised earlier.

My preference would be to wait until we have confirmation we are on target for December production targets, but we shouldn’t have set expectations in the RNS. So it is just poorly worded and should have said “update in due course” or “update before year end”. Don’t say October if it is not going to be October. This approach only creates uncertainty for shareholders.

I can wait, but I am clear we cannot see another failed production target. We should have now accounted for previous delays and be familiar with site constraints, weather risks, parts issues, and grade issues.

The next update has got to be hitting the targets set, and then the board/management will get all the praise in the world. But if not, we should be holding them to account as they did with the previous management.

There do seem to be positive signs, but I am still to be fully convinced. Big few months ahead. Anything positive is a bonus as I have written this investment off.

I have just bagged on BRES so does seem to be movement on graphite market. And they are miles behind TGR….

Bree1 you seem to be well involved of future fundraise….

Are indicator of retail investors can invest, do we contact optiva?

Agreed.

Need to start delivering. Given bod benefit of the doubt given the complications with any takeover.

But it’s been sometime since takeover with now 3 different CEOs . it’s make or break….

On that basis Chris, I assume you won’t be investing.

I think you’re focusing on Mad assets, the real golden asset is in Moz..

Now that is the million dollar question. But having looked at depth now at Inland Global I can’t see them letting TGR fail.

Potentially why they have brought in their own CEO. Only issue is further dilution and if this continues…

This could be significant news for TGR at a time when we release accounts and production figure…

“While this is important for many sectors, it's likely to have the most profound impact in graphite and anode materials. Why? Because China is 99% of the market in those materials. Not 60%, not 70%...but 99%. If you want to make a battery, the chances are that it currently has Chinese graphite in it...wherever it's made.

This suddenly makes the handful of companies that are developing anode material and synthetic graphite projects ex-China vital for the future development of an ex-China battery industry.

And let's be clear. No graphite, no batteries. Period. While lithium-ion is the technology, graphite is needed to be the anode. There's been plenty of warnings that China could do this in graphite. There was even a dry run a few years ago.” twitter

Is this why TGR could turn into a serious player if we can just deliver in the short term..

From some limited research they look to be a very interesting partner, who will look to further invest as look to have extremely successful businesses…

Very very interesting now took some time to read RNS again…