Member Info for Genghis15

Glad to be of help.

But tbc, I'm no guru. And what i say about the wider market can change quickly, some would say we are seeing that already on the back of lower RPI figs in US yesterday and UK today.

I'm not convinced we're out of the woods yet, but as the old saw has it, ask 12 economists and youi'll get 13 answers. it's an uncertain business.

Whilst the Assore offer has put ALL in play with a pretty assured 33p floor, the only downside is that with a 25% stake, it would be hard for other bidders to T/o the company without Assore backing. Doesn't make it impossible if the Bod were to recommend, but it's a complication any potential suitors will have to factor in.

Oh, and of course, Ti is not currently a sexy element. Copper + Lithium hold that crown, for now.

Bcos it's very, very, early stage. EEE is well funded for now, but a LOT more drilling and testing will be needed, and need paying for. Yes, someone may partner at some stage, but who knows. Either way, it will be 5 years at an absolute minimum b4 any ore gets commercially processed.

And finally, the market is short of ready capital atm. 3 years ago this sp would have flown, but currently the focus is on cash, and returns that are far in the future get heavily discounted.

That's my pov, anyway.

Life vchanging/ well, maybe, but forgive me if i don't get carried away just yet, seen too many penny shres so described.

That said, it does appear to be a fantastic set of results, with more to come. My small holding here won't be life changing, but will be very welcome if it all comes to fruition.

Given the history of early stage miners, and the unforgiving natire of the market atm, i can't quite bring myself to buy more....yet. Quite possibly a big mistake, only time will tell.

Croq

I just don't buy the procedural change bit. Audits are known about, dates are known about, and deadlines have to be hit. Failure to do so,under any circumstances, is failure, and i've known CFOs sacked for that.

HarC

I don't think I said "burning cash like mad", tho clearly a co going to its debtors for early discounted payment s not cash+ve.

Anyway, we both know where each is coming from, 'nuff said.

I imagine by the end of this Q more info should emerge. Either things will be fine as all here hope and many predict. Or not. As ever, all we can do is wait and see.

I would just add that quite understand how my posts might irritate those with a sizeable (presumably underwater) holding here. It's a natural reaction to look for the positive and stay confident of your original conviction. I've been there myself, and having posters like me harping on with negatives, however well based in fact, is not gonna make your day.

BUT.....better to have those full facts argued over, weighed, and taken account of, than to see the BB become what many are...a church of the converted, with a blind faith in the best possible outcome.

"fortunately managing resources has been the big USP of TGR".

???

I would suggest the failure to foresee a cash crisis shows the opposite.

"It feels to me that you just want to hammer home the point time and time again that liquidity is low."

yes, of course. That is the whole point of my posts. 2 years ago, back in the era of cheap and easy money, that might have concerned me less. Back then. also, the market was less unforgiving of such ST issues if a LT payoff was in prospect, whereas now any disappointments get heftily marked down.

So with no new comms from TGR on cash, I'm still very wary, as we all have a right to be with our own cash.

But the SP is now up substantially from recent lows, so mb market confidence is returning.

And mb the cash position is improving too, as many here happily project on the basis of the co's forecast production.

But after watching the co get so close to running out of cash that it had to be suspended until auditors would sign off the accounts, I'm not willing to give it the benefit of any doubt.

Many here will, and do, but i want to see it in b&w before I believe it.

Https://afentraplc.com/wp-content/uploads/2023/09/231109_AET-Government-approval-lands-.pdf

Most BBs are churches of the converted, and by and large this one too.

But otw most posters here stick to facts not petty ppl bashing, and I've posted my views on cash position regularly. Still waiting for clarity on that front, tho.

Sigh....oh, well, inevitable I suppose.

Thanks for all the replies. I know my message is not terribly welcome to holders, most of whom must be underwater, so am slightly surprised (and grateful) that no one has got too mad at me.

Quite unusual on thesec boards, there;s usually several who fail to stay rational and start the ad hominem stuff.

Good luck....if I miss out and it's 50p, so be it.

Damon

i missed the call yesterday, was planning to catch up later but from comments it seems nothing new, much as I expected. i don't want to bang the drum yet again, but your comments sum up my dissatisfaction.

2phevs

Yes, I googled and saw that. But what inpact a need for licences has will depend on just how that works, and to what degree it restricts supply. Nobody knows that yet. It MAY indeed be a v significant move, but it may not. We'll see.

Crocqman

Yes, fair point re A and B listers, i was just trying to highlight that whilst a new non family NED is +ve it's hardly going to have much ST effect.

Cigam, and others, re China

Well, see reply to phevs above. We'll see. As to the effects on various different graphite types, again, we'll see. i do agree it has to be +ve, just that at this stage we don't know if slight or enormous.

As for the meeting, well, it's after hours so a RNS could cover any info disclosed prior to Thur open, so anything is possible.

fairdealer20

"this morning's RNS? It goes a long way towards addressing Finance issues that Podar has struggles with. "

Really?

It's a NED appt. That's all.

Tbc, what I want to see is a clear statement, including numbers, not assertions, on current cash, and cash runway.

I want to know if the ST cash problem has resolved, or if it will require debt (which has already been indicated) or equity. Debt is also required for the addnl capex indicated in previous RNS. I want to see the terms of that debt (or equity) raise before I even think about investing here.

For any co, in any market, cash is king. I don't think I'm being unreasonable, or -ve,

to require clarity on that in judging investability. I'm just constantly surprise at so many here brushing it away so casually.

Well...pleased to see a +ve on the SP. but I'm afraid I'm gonna be a Jeremiah once again on substantive issues.

New NED? Well, OK, move in the right direction, he reads OK, but hardly an A, r even B lister. Let's not get carried away.

China ban? Again, I'm not sure what inpact that has ; it's far from clear just what restrictions there will be , on what types, and from what date.

so many comments here that these bits of news, (which are really just background, not central nor critical to the most pressing issue, at least in the ST) are somehow gamechangers, will boost SP, etc.

Sorry to say that all sound to me like distraction by small things. The big issue reamains, and there has been no substantive news on it, just vague assertions of offtake finance, etc. Let's see if the meeting later brings any news ; personally I'm expecting more of the same, with no mention of hard cash.

Roll on 4.30.

Now NAV 679p, discount 37%, meaning a 58% rise vneeded to get to NAV.

Incredible for a stock with such a good track record.

Tbh i thought the interesting thing was the emphasis on synthetic Gr being preferred, its base material being a complex concoction mftd in UK, but sent to China for further refining.

i have no idea how this wil affect TGR's market for its natural product, if at all, but thought it well worth knowing.

I thought this from the always enlightening @EdConwaySky might be of interest. esp the natural v synthetic bit, and the bit about the Humber refinery.

https://x.com/EdConwaySky/status/1715270579232686282?s=20

BBN

"This market is barking mad at the moment and constantly looking for blood but it isn't always right."

Amen to that.

But it is what it is, and as someone JMK?) once said, the market can stay irrational longer than you can stay solvent.

I take on board your points about production ramp up, and if all goes to plan there should be great upside from here.

Problem is so far some things have'nt gone to plan, so the mgt assurances on non dilutive finance carry little weight to me.

2phevs

I'm certainly not current, nor was it ever my speciality, so I am only passingly familiar with it. But as you point out 10% every time is a good return....but comes of course from (in this case) TGR's pocket, so a hefty bottm line hit. For emergency use only, but a handy tool if you can acess it.