Member Info for Glengarth

Exactly HC - but don’t let sense get in the way of the board troll.

Mhow - I saw the NMG deal it’s for anode material not flake graphite but a sign of increasing demand and urgency of supply diversification for ex-China sources across the supply chain

When will Europe look at this project properly? Great opportunity for the CEO to get this to the front of the agenda

Love to see this price action

Oil price looking v strong

Serious chat on here eh lad

The company has always had an office in London, read the annual reports??? Do you also understand companies can be and are run from multiple locations - go and look at syrah or talga or NextSource just to name graphite companies - as the company and Pranagraf have the same founders I’m unsure how there can be such a surprise that there was ever overlap if there was (although not surprised it’s surprising given who it is surprising)? Also note their annual reports & statements are always audited each year, that includes transactions and customers etc….always with the personal attacks and libel against posters like HarChris, very unnecessary.

Boris, if you simply watch one of the investor meets company presentations you mention, or for that matter read a single RNS you would find the information you’re looking for about job titles. Also for the company’s London address I suggest you read companies house -again, it’s at “Eastcastle House, etc”

Croqman, great points.

Meanwhile the ex-China graphite train rolls on - the recent site visits tweeted about by the company look interesting, the new NED and the company broker went along it seems, and mentions customer visits which is interesting following all the information in the half year report on the market etc and also mentions “other workstreams” - VAT perhaps?

https://x.com/tirupatiuk/status/1756937782805606585?s=46&t=Kd9oN7lEXrwqvOg2hyHmPg

TGR remains well ahead of the curve imo despite its own challenges, just look at other would be producers like NextSource struggling to produce commercial volumes despite huge money thrown its way. Holding is made harder when there are clear protagonists trying to cause disruption but hey here we all are.

GLA, DYOR

Nice Cigam, thanks for adding that, it’s all readily accessible for investors to read.

Where is the link to this companies house data that is easily visible of which you are speaking joberalo? Please share it or direct readers to where you are looking???

GLA, DYOR

Tiring reading the continuous nonsense from below - this guy is either a very disgruntled ex holder who has a personal vendetta or a competitor slinging mud I reckon.

Just reading the raise RNS dispels the garbage - and reveals how disingenuous the poster is:

“ On completion of the Placing the Concert Party (as referred to in the Company's circular published on 29 September 2021) will hold 32,390,472 Ordinary Shares carrying 26.06 per cent. of the voting rights of the Company. Following the completion of the Subscription (and assuming no further issues of shares) the Concert Party will hold 36,935,926 Ordinary Shares carrying 28.67 per cent. of the voting rights of the Company”

So they hold 26% currently, and will hold 28% from April.

Lord give me strength.

GLA, DYOR

Agreed Binbin, if it signals a move by the company toward finally opening up and improving transparency then it positions the company better to realise its potential after a long period of clear issues with previous comings and goings. The board composition now looks better after this. Still there’s room to continue to enhance the BoD and I hope we hear more on this further. Governance is a major part of “ESG” - also critically important before ESG was even a thing, and is something which needs to be looked upon favourably by the market and partners for success of any company.

Corporate governance has been a key concern voiced by many over the past year+ on here and elsewhere and I hope the NEDs and management keep up their momentum in showing the company is on an improving track in this respect.

GLA, dyor

Good news today - hope the investor event goes well

More buying today by a Director great to see

Exactly - reading the annual report and RNS’s just once would help him understand rather than fabricate and speculate.

The prepayments were RNS’d as from US and EU customers - these will probably be covered by auditors audit at the end of year and would not have been presented if they weren’t so as a result - how many times does it have to be said. Reading the HY anyone can also see how much year on year growth there has been to the US, Europe and Asia - no comment on the new news China’s Graphite exports have fallen off a cliff since restrictions came into force?

GLA

Looking at the share prices of lots of other graphite companies, their share prices have fallen off a cliff as well, and that’s while they remain years from construction and commissioning - this is the moment and year with the real opportunity for TGR to deliver the production uplift and reach positive free flowing cash flow and deliver as genuine shareholders are hoping it can do and move forward with expansion etc, it feels tantalisingly close with ramp up the focus. There’s surely also an ex-China major market share opportunity by doing this asap and proving its reliability.

No rose tinted glasses here as fully acknowledge others concerns and this has been a painful hold and remains high risk until more concrete milestones are seen to be achieved and concerns around governance/perceptions are addressed, but if it can manage the above this year in contrast to the general graphite market listed company operational performances and share price depressions seen elsewhere then it will become a more certain leader in the graphite space sooner and faster imo.

Many reporting China’s graphite exports have fallen massively since the export restrictions kicked in early December: who are the leading ex-China current producers to seek alternative supply from and how are they performing?

GLA DYOR

Super slow burn this one - investor event in London end of the month?

Portugal have a massive opportunity here and so does SAV

Probably not preferred in the short term but given what TG has shown it can do with even little cash over an extended period, this significant cash injection, the now advanced stage of operations and the tail winds of the ex-China graphite opportunity increasing and TG’s clear leadership + the big subscription by the senior management, hopefully this marks a major inflection point. 1,500mt a month as the target must represent a significant point.

GLA

There must be a lot of pent up demand from consumers rushing for ex-China supply. TG seems to be in the position of requiring some financing for a quite straight forward purpose of reaching 36,000tpa steady state production and sales that I see stated in the future outlook and strategy section of the report as below:

Step 1. Add 2 PCUs to ramp up to 2,000tpm/6,000tpq at the 3% grade they are mining ASAP.

Step 2. Add a further 2 PCUs and expand Vatomina from 12,000 to 18,000tpa to achieve 3,000tpm/9,000tpq (totalling 36,000tpa across Vatomina and Sahamamy 2 x 18,000tpa facilities)

If the company can provide good insight into its order book and the sales opportunities they have then raising money, which I would not think requires that much, should be well achievable, especially given the de-risked element of being in production already etc. Indeed, an offtake or MoU or anything like that would provide much greater confidence in the company’s sales pipeline as also mentioned by someone else below. A good bank with a fair risk appetite could possibly provide a credit line if not a direct lender, or convertible debt as also mentioned in the report if necessary.

Following that the report talks about targeting 104,000tpa production and sales with 54,000tpa in Madagascar and 50,000tpa in Mozambique at Montepuez - the mentioned engagement with DFIs will probably come in handy for that purpose. Given the company’s stated strategy is to grow in modular step by step fashion in line with market demand, one would assume this means they are lining up some decent demand from consumers.

GLA, DYOR

Just my view below

Some great indications in that report of what must be giving the company a lot of confidence - and as i've been saying for literally years now their flying headstart over the rest of the would-be graphite developer pack will count for a lot - as does their low cost model. The next major graphite project elsewhere to come online that is even in the planning stages will take over 20 months to build and TG already has 30,000tpa capacity albeit subject to ramp up and can expand simply +20% it seems from the report. It's clear demand is growing and there is to be a rush for what is available NOW and in the NEAR TERM by consumers needing long term, affordable + stable supplies for ex-China markets.

It’s evident margins have reduced because they’ve not been running at full production capacity while they require additional PCUs to feed the hungry 30,000tpa capacity fully. I share the Company’s idea that with proper economies of scale and asset efficiency the margins will improved - they achieved over 50% margins on just their previous 3,000tpa pilot plant so it can definitely be done imo - especially if they get their additional hydropower up and running to reduce diesel costs.

Company just needs to find cash on the right terms, become profitable and keep doing what it's doing, find the right investors/lenders/banker/partners and sort its current working capital shortfalls, also get that VAT flowing back into its coffers, and there will be a queue lining up for relatively cheap ex-China graphite at TGR's door, especially from projects offering quality and scale, run by those with a track record. The Moz assets were bought at incredible value that still isn’t appreciated imo. Aside from the capex spent listed in the report, the previous owner will have spent millions on exploration drilling for their JORC reports etc probably an additional $15m and years the company has saved itself on top of the $13m spent on capex.

Opportunity abounds and I think this will fly once the uncertainty on cash there has been this year is removed and even more so when the company becomes profitable, still high potential to be the first graphite producer to achieve that outside China in my opinion - it's so widely watched, could be a cascade of buying if the right circumstances are met to return it to a better valuation. True as well some internal organisational changes are also to be welcomed if and when they take place i'm sure to drive further confidence in the company's truly global ambitions and attract the right partners etc.

Hoping for a big 2024 here.

GLA, always do your own research!

Well said BBN

I’m still here Jaytee as this is a major investment for me and all of the advantages it has remain the same, enhanced by the recent China news in fact.

A bit fed up of answering the same questions from the same people so just letting things ride out for a bit.

Must say, well said Run1 - if others (often others repeating themselves despite plenty of answers) can’t see the significant material advantages to the current set up - including but not limited to: speed of development, achieved prices, and industry leading low costs when compared to basically all peers then it’s like banging your head against an antagonising wall - what the point - better to let the company do so in its own time.

Ex-China graphite remains a space that there is an awful lot to play for - and TG is an unappreciated leader, but plenty of cards seem stacked in its favour imo,

DYOR

Long time this has been undervalued - the Assore offer reaffirms that - well done to management for steady leadership - keep it up and let’s get those offers closer to 60p+