George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Thanks the post BBN, I agree.
Company finally looks to be hitting its stride albeit it bumpy and not without snags, such is the risk of resource investing. It definitely will be well on its way if it reaches 15kt this FY. The news this morning about China curbing Graphite exports could not come at a better time for the likes of TGR. Will really add pressure to ex-China consumers to find alternative sources of which there are very few. If it results in price rises then very happy days for one of the only current producers able to actually enjoy them with production at a very low cost.
GLA
Some good highlights - grade an issue but hasn't stopped the Company ramping up enough to start the debt process it seems, and sounds like it won't stop them from further progress as their target is 7,500-10,000MTs in the next half - given the results to date and cost profile etc it looks like this will be by far the strongest FY to date, and crossing the 10,000tpa production mark for the first time.
6 month revenue greater than the entire 12 month period before. Feels like the company is warming up now. Pleasantly surprised the average price has been somewhat maintained. Let's see what's next!
DYOR, GLA
Slowly slowly, SAV taking the right steps and good to see the CEO initiate his interest while in position! All I see across the industry points to there being a decent premium available for local spodumene producers for supplying a European battery industry
GLA
Board troll still here of course - still waiting for retraction of his misquote/libel.
Hoping for a good set of numbers to come eventually that may finally set TGR back on an upward path toward a better valuation. If BAT have exhausted their allocation available for offloading it could present good timing for good news and solid signs of progress.
Get the graphite operation up and running smoothly and the rest falls into place imo - aside from this likely being the strongest FY to date given the trend in the published results and public stated targets, TGR could be the first outside China to have an actual feasible natural graphite operation up and running. I don't think that will go unnoticed given the groundswell of upcoming demand from energy transition industries for critical minerals such as Graphite!
GLA, DYOR
Excellent - we all know where this is going. Management seem very confident and closing of these deals will bring more and more interest to the Angola as the North Sea 25 years ago thesis and as other jurisdictions become increasingly volatile
Wow - we are really through the looking glass here, and tomorrowtoday has exposed himself as fully living in la la land, just re-read what he's just written:
"I agree this was in fact a cunning "TRICK" which management came up with 2 days after they released results. There is no way on earth management could have sorted out that amount of cash in 2 days. They already had the cash long before they released the results. After the results were not received well they came up with the $1 million which led Mr marker and investors to disbelieve the company even more."
This is funny on a 2 notes.
1. the fact he agrees such things take more than 2 days - i.e. he must therefore understand building business takes time yet he clamours on about every business activity of the company as if it should be completed right here right now, without pause for thought about the disruptions that have taken place beyond the company's control.
2. He is suggesting the company magicked up the money itself and actually had it before the last results were released - this is hilarious - does he not understand that auditors would spot would be able to see such an amount just sitting there, and also that the amounts were verified by RNS as from American & European corporate customers and there will be matching invoices/orders.
GLA, DYOR
Tomorrowtoday - you've quoted me, but I don't remember saying those words, if I did please remind me and point to the exact post - I have called what I see as good potential value to be had here continuously for a long time for the reasons well known including:
a) TGR is possibly the lowest cost ACTUAL current producer of natural Graphite outside China
b) it likely has the lowest capital intensity per MT outside of China
c) it seems to be on the verge of its strongest financial performance to date if its target are met - there is yet to be an EBITDA positive/profitable graphite company on public markets outside of China. IF TGR achieves that status it may be the very first.
d) it is building a significant NON-CHINA/EX-CHINA supply chain serving growing markets. It's clear this is hard for a new entrant (just look at Nextsource's problems! 18 month, and potentially growing, delay from original timeframe) but the market share it appears to be establishing now already at significant capacities and economic feasibility during a downturn, in my opinion supports a thesis that it will be well placed for large upcoming demand driven by the energy transition.
Keep up the good work Andii and co. I have been invested here for a long time, anyone who reads the board here knows that. Just got to take the good with the bad and the vultures are still out there. While this remains a high Potential company, I feel that the work it has put in will be worth it. Fair enough being frustrated with the sp; almost all of us investors are underwater, but you have to provide context as well to justified criticism such as the missing of targets: 2022 cyclone disruption, bear market particularly hard on junior London shares, Mozambique acquisition delays, graphite price drops/poor recent industry sentiment, a major distressed shareholder liquidating in order to keep their own company afloat etc.
Focusing on the trend in the published results and you see where this goes if stated targets are met - and that is what may provide a major potential separator between TGR and the rest imo.
As always do your own research to see the differentiators compared to other graphite companies on TSX/ASX etc; all the above is just an opinion!
GLA
Good to see this distressed seller clearing the way - the faster the better imo.
Will be interesting to see who the new Director is that is "in the advanced stages of the process to appoint", hopefully a big hitter to symbolise and equip TGR for the next level of the journey the company is on the cusp of (if it is meeting its targets and with growing interest in the space!)
Interesting UBS note out on forecast rising prices last week for Graphite, on the back of another note by another house in August.
GLA
Mhow,
For this FY to March 24, I would expect revenue closer to £10m IF TGR hits its stated target of 50% in Q2 and 75% in Q3 and that continues into Q4, including with your discount according to my maths. If achieved, at that point TGR would stand head and shoulders above the crowd in the Graphite space as most likely it would be earning £££ which is the game changer as I don't think that has been achieved outside China by a listed company yet.
GLA
I agree Starfoxx - would be good to see SAV continue to grow its footprint across feasible project locations in a circumstance where MdB has a strategic partner lined up for a good chunk of its supply, allowing SAV to develop it and look at a new project simultaneously
Been invested since Dec 2020 - a current producer, one of maybe 2/3 that have built a whole new project outside of China in years - that can’t be going unnoticed.
And on the business end, the ramp up is supposedly well underway - if TGR hits the targets, which are much more reasonable now, that it has provided the market then it will probably be a v strong financial performance ahead (revenue already likely ahead of the previous FY as mentioned in the last RNS). Compare such a performance with SYR and Northern, both shuttering their operations, whereas TGR will be hoovering up market share outside China.
GLA
Love a management team so aligned with their company and project - buying £900,000 at a price nearly 40% higher than the current market price indicates a strong prospect for the company and I think no one would know the prospects of the company better than it's Management team, in this case, Len. Hats off to him!
GLA
Nicely said HarChris - good points from what sounds like another patient investor who perhaps appreciates that Graphite is not a simple commodity like oil or gold or even copper - hence the term 'specialty' commodity, but which TGR is building a lead over most of the pack now.
Agree it's been a slightly bumpy ride for various reasons, but the company is now in an enviable position. I will add more if I get the chance as it looks as though ramp up is well underway thanks to those prepayments (hard to overstate their importance and significance based on what the RNS actually said) and which will likely result in a majorly upgraded operational and financial profile if the minimum monthly 2,000MT a month of production and sales is met. Will result in some great trading numbers growth again for FY24 vs F23 imo.
Looking forward to the next updates on production progress etc
GLA
Some sensible posts imo, apart from a couple usual ones...(or are they all the same person ;)
First time i've seen a holder say they don't want this downstream acquisition, Skeletor - interesting.
I think it’s majorly important for the Company to have focussed on what it has focussed on as its 2 main priorities - the noise of Gaisan + merry band suggests they lack care about shareholder value (that they were furious about TGR avoiding equity dilution and instead securing the major $1m in prepayments says a lot I think, alluded to as well by HarChris), and a lack willingness to engage constructively with the delays caused by the weather in early 2022 - notice again the tone of Gaisan’s posts today.
The position TGR will be in following the ramp up is much stronger than it has been before now clearly, and getting to that point will have been very hard work on such a little budget - another credit to the team.
The RNS today goes some way to reassure investors imo, but I am supportive of Skeletor's message - and Andii's - that it is about timing and i'm glad TGR is about to have probably the second largest operation of a listed Graphite company outside of China - certainly the strongest performing one financially based on the numbers from previous results if the ramp up is successful over this and the next quarter onwards...a strong foundation allows TGR to go even further imo.
The time to make money in the future is now for TGR's business imo - building market share while SYR is flailing, and others are struggling to finance their projects because they don't have the necessary management experience or the customer pipeline in place, all unlike TGR has and appears to be building on. I'm glad the downstream component is being carefully considered here - I noticed there was also quite a definitive point made in the RNS, not mentioned by the merry band yet, but that was used as a pillar for their allegations and accusations...
DYOR, GLA.