Member Info for Glengarth

You definitely struggle to match anything listed in London or anything that gets anywhere close to TGR:

https://twitter.com/tirupatiuk/status/1576963562366709761?s=46&t=mCSmaGlPwpDiTooRkfaW2w

With the ramp up of production, sales, revenues and profits to come with scale I would expect the market to begin to recognise this inflation point as derisking and growth gathers pace.

GLA

Very impressed that TGR were able to defeat the rival bid that was made for the Mozambique assets - they have a huge role to play in meeting the targets.

Can’t wait until smooth production is ramped up starting this quarter and majorly from January with 6,000tpa+ of production quarterly and seeing those results for organic growth. Sounding very strong imo.

Really hope we begin to hear more on the next stage for next developments to reach 84,000tpa in Madagascar and more on the downstream side in due course!

GLA

Hi SI,
While there has been unfortunate delays out of the control of the company (cyclones + logistics) and I agree the TSG situation needs resolving asap to get things on the downstream moving asap to win market share early, I also agree the worst is behind us as TGR is about to complete the most important part of its evolution from small scale producer to globally significant profitable producer of scale at 30,000tpa+ able to fund itself and further organic growth (and inorganic via Moz and Mada acquisitions). Of course delays and slower process than planned according to the MTDP has hampered confidence perhaps (I reckon it will be more likely 2025 when the 84,000tpa will be reached in Madagascar, although this could stay as targeted for 2024 but will be hard imo), but the share price has fallen in line with many others because of the macro picture and being a pre-profit business - this will change now imo as we turn cash positive with the move toward profitability and very little to no debt, and profit should grow year on year as production and sales increase and scale up follows imo - Shishir has no control over the share price to be fair to him, but what is important is manoeuvring the company successfully into a growing profitable business which the market will recognise with more results down the line imo and makes me happy to hold and buy more at these levels with all the news on the horizon as well.

Cheers and GLA!

Looking like a significant bounce on the cards imo with news on commissioning of new plants and hydropower, exploration and drilling campaigns, and further news on the downstream all ahead with the company well-funded and heading towards profitability as scale ramps up as we've been notified recently and forecasts provided for the near future.

Always DYOR, GLA.

Well we finally have results - seems as though the cyclones at the end of 2021/beginning of 2022 push up cost of sales significantly. Without that would have been a very good performance at such a small scale.
Having only had a brief look, will look more over the weekend, i'm very optimistic that it's clear with the increwased capacities installed, cost and climate mitigation measures and innovations that at the larger scale of production and sales TGR is reaching, it is looking like it is nearing profitability in the near future, with significant profit to be made not much further down the line. Will look properly over the weekend and report more/discuss!

GLA

Thought I'd post something with a ridiculous subject line given the ridiculous comments being witnessed on this board today by some

Very well put LawrenceH, welcome to the board - some will never see the wood for the trees. To reiterate:

TGR recent updates:
1.Production streamlined, forecasts published
2.Pre concentrate facilities established
3.Reduced emissions from mining by >80%
4.Additional permits acquisition agreement in Madagascar
5.Increased 36ktpa production capacity development in 2022

Just in case that doesn’t excite anyone, here’s a recent tweet from TGR:

The Honda & Hanwa partnership creates pathways for TGR to supply graphite to leading automakers from East Asia. TGR is closely working with Hanwa for supply of its products into the Japanese markets.

This latest acquisition is instrumental in providing the Company with the required resources to achieve its ambition of proving 8% of the estimated GLOBAL demand of 5 MILLION tons per annum by 2030.

It cannot be overstated how significant these assets are - in a way the delay and having to possibly fight off a rival bid stands out to me as very positive for a couple of reasons: 1. it shows how nimble TGR can be to pursue its long term interests which the assets will be needed for to reach the huge ambitions of 400,000tpa of flake graphite production a year by the end of the decade. 2. the delay allows focus on Madagascar to ramp operations up and hence cash flow which can be used as funding toward progressing construction in Mozambique down the line after deal completion. The assets sit either side of Syrah Resources Balama mine which is the world's biggest graphite producing operation and supplies consumers globally - TGR has the opportunity to mirror that in a slightly different format - SYR has a market value of around £500m.

GLA.

Very interesting news in that RNS, extremely good to see the acquisition continues of these huge advanced Graphite assets, and also reads as if a rival bid has been seen off! No one can complain TGR is not an agile and extremely busy outfit, granted they need to work on streamlining their corporate activity and governance, but fair play if they've been fighting off a rival suitor for these company making assets imo!

GLA

Unsure why there is this delay - FY results should be fairly straightforward imo in this second year as a listed company. Rather annoying, but given the news we have had recently, I don't think needs the bed wetting seen on here. Fully scrutinising results required and 100% answers needed for this delay - I very much hope the mourning period was not used as a cover for an actual delay.

Atb, GLA.

Haha Dave. God bless them indeed and all who sail on them x

It was never the target to produce 30,000tpa this year.

I'm happy to see the company continue to develop and deliver on its promises in a cost efficient manner as we gradually reach profitability tbh

I’ve been conservative in my projection because better to be slightly pessimistic and rewarded by a better than expected result - using a conservative(?) sales price of $800/MT average and a weakening £ however you get a sense of where this is going.

Depends on costs Metalhead which we’ll hopefully get a better idea of with results being published. However the savings from the hydropower plants, CFS and pre-concentrate innovations are yet to be factored in which will help margins. My target for what it’s worth previously was about a £6m profit at 30,000tpa - subject to variable change of course and realities on the ground/in the market. Will be great to see sales rising. DYOR always and don’t listen to other’s forecasts like mine!
GLA

Great update. Highlights imo: Investors and observers have been put on notice that the milestone in the company's development we have been waiting for and that TGR is working hard to achieve is within its grasp:
"Any further CAPEX requirements in order to achieve this growth in capacity are expected to be met from the internal resources generated out of the operations of the Company." - Organic growth to lead the way funded by current operational capacities!
At the targeted 8,000tpa production per quarter at recent Graphite prices, no surprise Shishir sounds confident and he can now include these details in the FY results I would expect will be published next week - worth the wait imo. Excellent we have our first real future production guidance imo.
The innovation of the pre-concentrate plants will continue to work to TGR's benefit and fantastic to see another hydropower plant is in the works to reduce expensive diesel consumption and emissions!
This FY April 2022 - March 2023 looks like it will be a strong performance. But next year is when the money will really speak for itself imo and we are updated on next stages of development funded through the company's own cashflow - growing into a globally significant player.

GLA

Vince would be proud

Excellent PFS with much more to come as production gets closer and the assets across Ghana as well as Ewoyaa continue their development. Read across is plain to see with other producers and those under development to see where the value is - much much higher than currently imo

GLA

Interesting that TGR’s Puruvi is speaking at the Indian energy storage alliance, World Energy Storage Day, to talk about the Li-B supply chain. Great calibre of presenters at this conference looking at it:

https://twitter.com/tirupatiuk/status/1572835587551289344?s=46&t=GgNA2Rf1CsN8NzoTUqq9cQ

The focus to date has rightly been the selling of Graphite out of Madagascar as that most important of business units ramps up to a globally significant capacity. But take note of things like this and the move to hire new executive and non-executive directors with project finance experience imo. I am very much looking forward to what the company has to say in its Annual
Report and to digest the FY results when they are released - we will hopefully be given an idea of performance for this year to September to date as well.

GLA

Cool Mac, let’s see how things go from here, onwards and upwards!

Goodness me. Mactrader, there’s nothing to hide if you read the RNS’s to date. The results we are expecting in a matter of days are for the period to end of March 2022 for that financial year. It is stated in the 22nd June RNS that PRODUCTION for those 12 months to March 2022 was 2,996MTs with SALES of 2,662MT. The release also includes the same figures for the previous year and hence it’s not hard to work out that with the higher prices experienced during the period, the current higher level of production since May and the upcoming expansion to a capacity of 30ktpa that TGR is on a solid trajectory. Nothing is being “hidden” - there may of course be higher costs because of the inflationary forces all are well aware about and the difficulties in the first half of this calendar year, but nothing has been “hidden”. Instead the company has been transparent, all that’s required is to read the RNS releases and make careful notes and listen to the management.
TGR is one of the few producing Graphite players currently outside of China which will be on a solid course for profit at its higher production capacities currently being operated at and expanding rapidly and which will be able to use profits to grow organically and easily support finance for further expansions in Madagascar and, hopefully Mozambique and elsewhere further down the line.

GLA and definitely DYOR!

I think under 30 is a good accumulation zone, indeed with deals as they exist upon completion and further deals being considered these prices will be a fraction of what they will be in a couple of years imo