Member Info for Gallmat

If you are on call. Raise questions about tweet. They has something about attending the critical minerals association in london!.

Under secretaty from USA was there. They said in posts they were supporting graphite and africa.

Uk gov is part of it. They have makango for RRE. No doubt uk will push for their only real graphite play. These things i think are always a bit political

Your are missing one key point. Tgr do not yet produce small flake used in ev.

But i would expect gov support is more likely.

The us gov effectively gives loans to syrah just up road from tgr in mozam.

This country is proven for supplying small flake and govs are ok to step in.

Hopefully some users of the larger flake, which we do make will want to divert more to tgr.

There seems to be more cash floating around from gov orgs and given we are one of a handful of companies who actually produce outside of china, you would think they would be interested in us.

Syrah was not making money

Another question for the call.

Why not someone with pure resources experience. How does this help us

Not sure how you bring in institutional investors into such a small cap. If you issue more shares in placing they can take it. Otherwise they have to buy 10pct of market for couple of mill GBP.

Not easy for them to build a stake

Legowig. Yup i feel the pain. I gave some benefit of the doubt and it drifted to some crazy level.

Hopefully ceo gives clear investor meet

I think all we need to do is show some positive cashflow.

The money will be made from small flake. If we get a government backed deal it will fly. There are probably not to many ex china producers, with dfs, with permits and experience.

You wouls think some sort of support would come. Getting the debt is the hardest bit normally

They sell at 650 and op cost 320 to 380.

They make cash but need volume.

Key question is will bank lend to them, it so they will have no issue diversifying their sales.

As for fine flake. They are right next to company (syrah) which supplies tesla's annode maker.

You would think this will bring in government support.

Think i am done with small caps.

Ceo makes positive signs then few weeks later get this. Happening too much on aim

Any threat is good for us. Large corporations hate uncertainty. Even if china do not do much in this case, it will focus efforts in the west.

The importance just stepped up.

Latest presentation. Qualifications ongoing with OEM's and annode manufacturers. So wr are talking to downstream users. They also stated they attended the critical mineral meetings in a tweet. Senior us gov official attended.

Sadly tgr always make seeing the message so hard

Well. Graphite stocks went up 10pct to 25pct in us. Because china is going to limit exports.

Question is, is that more of a driver than % chance of placing.

When i spoke to ceo he said it is derived from oil production. There is also an input which has some supply constraint so he said it cannot fill the gap.

They posted the tweet about attending a meeting for critical mineral security. same as makango, high ranking american official was there.it was done tgr style so hard to get clear picture. There cannot be many dfs ready fine flake graphite projects out there (walkabout and blackrock i think are tied up). probably they get some support, like bres. this might tip the narrative, even if this does not drive short term prices it might increase the chance of government support

Easy bonus. Take big block in off market trade. Spend a bit more in illiquid market. Show big profit get paid bonus.

Nice to see they missed the point.

Ignored that phase 2 is designed to be registrational study.

Gave no attempt to give forecast of potential.

Bit of lazy journalism

Read it all. They need more management band width and definately somone on coms.

1. Presentation.

2. Write explicit targets in rns.

3. For f&#&# sake if the issue is concentration plant. Spell it out. Will cost x. Increase graade to y. To allow output estimated at z.

They expect investors to piece together their estimates. Guess thier capex. Guess the impact of capex on future forecasts.

If they are doing their job you read it and go ok. Yup $xm cost. Expect output for next 3 months of X. Jesus

I would say not telling people your head grade is 33pct off is not great

They knew this but did not disclose hence the strange slower capacity ramp up.

You will get 33pct less without corrwctive action

These guys per tweet attended meeting for critical minerals. Eu, uk and usa are members.

Thia org is backing makango.

They stated they are supporting graphite and africa.

Who globally in africa is in position to go forward with small flake? Blackrock and walkabout are aussie companies and have tbings sorted.

They will get gov money to develop

The thing that stikes me the most is their loan to value is not that high. Yes rates will hit you abit

But if you have low ltv not that much. Factor indexing in leases and it looks quite good

Future of company will not in medium term be downstream. It will be government suppoet from west for small flake. See bres.

They do not have experience go be building large downstream capacity.

On note about going private. I did my zoom with ceo. Said it is not on table. They want capital market access.