Member Info for Glengarth

Yes Croc - that would be nice!

Although I don't know many, if any raises that are offered out to PIs, especially quality ones. I'm not too fussed in the overall scheme by the discount in this climate for a relatively significant amount given the substance of what is being achieved here - TGR is securing 2 major Graphite assets in the ex-China world's largest Graphite producing region, 1 of which is already under construction, and which will be vital to reaching the 300-400,000tpa target by end of the decade. I've seen juniors in the past several months raising as little as £250,000 for only working capital purposes that have seen discounts of up to 50%!

Am expecting a little drop to around the raise price then a relatively quick bounce back up, as happened a couple of months ago, with strong news flow now due for further steps toward this deal completing and Madagascar coming along nicely! Also expecting Half year results this week or the next.

Just a frequent reminder TGR is on Main Market NOT AIM :)

GLA

Big raise to secure Mozambique assets on revised terms - looks like TG now paying the capital gains in Mozambique for Battery, in return for reduced consideration shares being issued, hence the raise - massive acquisition requiring some extra cash, needed to hit 2030 c.400,000tpa goal. Needs must sometimes, let’s get this transaction over the line now pls.

GLA

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

Half year results will contain trading figures and numbers in only a couple of weeks

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 positive news occurs this would jump like OTH suggests - extremely simple and strong economics as part of the wider European lithium-ion supply chain awaits SAV

Yes noodle - the UK government has a hell of a lot of catching up to do in helping UK industry secure supplies of the various minerals critical to the energy revolution

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!

Impressed with the sudden rise here! We need more UK investor attention in the Graphite space.
Keeping an eye here to see what comes

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

Looks like a solid Portuguese appointment- hopefully as discussed below a sign of things to come!