The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Yes - if you go by the last year's half year results (look at the RNS feed is useful for finding dates etc) - then 2nd December was last half year results, so would expect them to be published for this year tomorrow or next week.
GLA
yep Inphobe, I would suggest it's fair to say TGR is now getting places and will stand out even more as one of the very very few producers ex-China able to produce globally significant amounts of Graphite with capacity set to continue to grow.
Any sign of material graphite price rises will be extremely significant for the bottom line and TGR's share price and market cap imo.
GLA
He's been involved in mining and finance for several decades, was involved as chairman at Kavango a few years ago. As he holds 1 million shares in TGR and as stated by shishir in his interview he was likely an early investor in TGR as well which would suggest he is confident in TGR's trajectory. Important to note he is a NON-executive director. We are still waiting to hear on the Executive-director appointment that was announced as in the works in August - I would not be surprised if this corresponds with 30,000tpa capacity being all settled in the new year and/or Mozambique news.
In this climate it'll be very hard for new projects to obtain funding unless they can demonstrate well cash flows etc from established operations rather than just promises of success. TGR is in the process of demonstrating to the market it can achieve its goals and spend cash wisely and will be extremely well placed compared to most for obtaining debt finance imo.
GLA
Indeed, very good news.
To follow will we hear of the appointment of the "London-based Executive Director specialising in Finance and Project Development to provide a Board-level Executive presence in London" in due course as well I wonder per 1st August RNS?
Try reading the annual report - page 36, to join the Tel'ram groupchat
chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://tirupatigraphite.co.uk/images/TGPLC%20-%20AR%202022%20Final%20(1).pdf
GLA
G - 8% is target for 2030, good to repeat that as a mission statement imo. To date all results have included financials up to the reporting date.
The company is operationally in its strongest position ever now, and will be stronger come January. We have had guidance issued for this quarter and the next - if you use sales figures provided in published results you can plot a projection. I would suggest they have not provided forward pricing as they will be selling and negotiating sales going forward - no need to offer a potential customer a reference point to demand a price when the graphite environment continues to strengthen and TGR will want to keep their strongest cards close to their chest.
On your last point I think Shishir learnt that it's better to under-promise and overdeliver/surprise rather than promise anything - it would be terrible for something to go wrong and such promises to be looked back on adversely. But you can tell watching interviews and presentations how confident they are, suggesting the balance of the 54,000tpa as part of the initial plan to reach 84,000tpa will be funded organically from the proceeds of the 30-36,000tpa operation.
Shishir also mentioned in his Momentous Events interview the prospect of rewarding shareholders and the point of having a dividend policy. I would not be surprised if within 36 months TGR was the first ex-China Graphite company to be paying out a dividend if it carries on its strong momentum...
GLA
Another great thread pointing to why there is so much value in TGR at this level, thanks to the hard work of the team
https://twitter.com/BigBiteNow/status/1595707503329038336?s=20&t=FayluwDhiqqNS151jM6ASA
GLA
I don't quite understand this obsession - the company publishes its accounts at the year end and half year and has begun providing guidance and forecasts. Some one here seem to demand figures be posted monthly, even weekly after every little update the company provides!
Some on here were harping on about the need for a raise for over year which never came, and a small funding requirement to bridge us to the level of production which the company expects profits to be made at was resolved via a CLN arrangement with notes redeemable at higher prices then we are at now. If you look at the last accounts and look at forecast and planned production which should hopefully be closely matched by sales then it is clear where this is going, and that's why reaching this 30,000tpa level is so exciting....imo.
GLA
I think there will be a sweet spot whereby Graphite demand rises causing prices to rise and there will be a fairly long delay - as there has been with Lithium - in other Graphite companies getting their projects into production for all the same reasons like environmental reasons, qualification of products etc - which will allow TGR to benefit greatly from a supply shortage already at a position to make healthy profit at current prices at 30,000tpa. In the next couple of months TGR will hopefully be able to confirm it is in its strongest position ever, even stronger than now, with the last of all plant and equipment installed and commissioned and even the hydropower up and running for more cost savings, and further production and sales guidance, results and forecasts.
GLA
Excellent RNS, great to see the company now beginning to tread higher and more confidently as it stabilises its impressive foundations.
I expect we will begin to see some of the fruits of the labour and greater detail of works completed in the half year report in a couple weeks and sustainability report similar to last year.
As Shishir states in the RNS - with the graphite environment strengthening there could not be a better time for TGR to hit its targets and continue its expansions as one of very very few ex-China Graphite companies actually in production!
GLA
If you are interested in UK listed Graphite plays:
TGR the market leader, expanding rapidly about to hit the inflection point level of production level reaching healthy profitability - website due an update and sever important catalysts due (operations, expansion, acquisition, downstream). Will benefit hugely from any graphite price rises.
BRES - trading share atm, possible catalyst in next few months involving a potential strategic Chinese partner.
ACP - great project with great economics - apparent incapable/incompetent/disinterested management however, reliant on neighbour BKT for news it seems.
GROC - v early stage, great grades but project location to be wary of - distant/remote, environmental concerns.
SVML - part graphite but mostly rutile project - could be good with investment.
GLA, DYOR!
TGR is expanding at an ideal time - we heard in the results call at the start of October that TGR was receiving inquiries from Chinese consumers looking to replace supply that was being exhausted/suspended in China as 1 producers had ceased production and held nothing in its inventories - today another Chinese producer has made a similar announcement (see tweet link below).
https://twitter.com/Alastai85608932/status/1593203198382178304?s=20&t=JV36Q4hrQ0V7Fc3F7gKfQA
This at a time when ex-China Graphite demand is growing rapidly - indeed Benchmark Minerals Intelligence recently announced that EV Li-ion batteries is due to make up 50% of Graphite demand already from 2023! If we get strong Graphite price moves up then as a current producer already likely profitable then TGR may become a cash printing machine with the path toward greater production becoming even easier with reduced financial risk. - As Simon Moore says when this happens, "everything changes" for Graphite.
https://twitter.com/sdmoores/status/1592274432466513920?s=20&t=JV36Q4hrQ0V7Fc3F7gKfQA
https://twitter.com/sdmoores/status/1592872135868809217?s=20&t=JV36Q4hrQ0V7Fc3F7gKfQA
GLA
Great to see ALL attending Mines and Money in London - more investors need to be made aware of the opportunity presented here, as well as having the chance to learn more about what is happening globally with the shift toward EVs and what it means for the battery metals.
Very touching move as well to recognise Vincent's efforts, very glad the team continue working to fulfil his vision and legacy.
GLA
It is frustrating trading so tightly around this 35-40p level for weeks - but that to me is what the market is doing, it’s waiting to see the proof of the pudding of TGR’s work to date - good news will move this significantly higher as it’s coiled like a spring imo.
GLA
He’s an ambitious entrepreneur - I’d challenge you to find a resources company that has hit its initial goals according to their timeline aspirations - that goes for those that don’t even have bad weather to contend with. He literally states in the Momentous Events interview that he understands the need to deliver in order to maintain credibility - if we begin to see the ramp up with 2,000MT+ production happening this quarter then that will start up the positive sentiment here again imo.
Yes there have been been setbacks but the work done to date is why I am bullish. Unlike many other companies TGR is actually getting on building and working hard. This is seen in the steadily rising production and sales figures .
You are sceptical, fair enough because of some longer than expected workstreams and out of the company control events like cyclones last February, covid and inflation etc, but I am the opposite if you actually read what the company has BUILT - it’s in the strongest position yet, and results are indicating the large ramp up has begun. Next updates will hopefully include the hydropower and savings from pre-concentrate innovations etc. Essentially it makes sense for you to be sceptical but don’t cut off your own nose and disregard the work done - from these levels TGR represents a very strong prospect imo as one of the very few globally significant Graphite producers outside China.
Things move quickly and if we hit the 6,000MT per quarter level production in Jan-March quarter I expect many will be speaking a different tune (I still think this has much further to rise - one day back up to over that 156p level, which at the time was reached in the middle of the bull market euphoria etc).
Anyway - hoping Poddar delivers and we start to see the fruits of the laying of the foundations, which is arguably the hardest part in a company’s lifecycle, for the much larger ambitions ahead!
GLA, DYOR!