Member Info for Glengarth

Well answered Sieveco.

Those figures also provided by previous poster do not also necessarily reflect the potential reality - at 20,000tpa there will be economies of scale so hopefully better gross profit margins, the hydroelectric power will have entered its first stage of commissioning, and the novel in-house developed Column Floatation System (CFS) should also have entered service to various extents - all of which are designed to reduce costs further and so should benefit the bottom line.
Further, the downstream and research programme figures are not included but let's see what is capable of happening there with the TSG merger and higher prices for the business unit.

GLA

Skeleton - the answer to your question can be found in the GM RNS and circular from last year. Essentially taking their ownership to 51% is their payment on shares for the downstream business (TSG) to merge with TGR and is subject to a binding agreement currently waiting regulatory completion in India. The circular has details but there was a general
Vote of shareholders to waive the usual practice of requiring a mandatory bid for the business.

It’s important to bear in mind the large impact the downstream business will have on future profitability of the whole business and open up new business for the company in the long run.
Also the family will not stay at the 51% level - the BAT deal is mostly shares which will dilute their holding further as will any future fundraise which it will be in the family’s interest to do at as high a price as possible to allow them to retain a high stake in the business, as will any other deal involving equity such as partnerships for a downstream plant in the UK potentially or offtake deals for the Mozambique/downstream assets.

GLA

Still patiently waiting for the next updates announcing the next major milestones of the company’s expansion due in the next few weeks. Let’s see if management delivers as it did last year.

Afentra released a new clip from an interview with Ian Cloke at the Africa Energy Summit:

https://www.youtube.com/watch?v=wO4pNP-2Ouc - sounds confident there may be another deal to come in the relatively near future, v bullish on Angola.

reposting the deal presentation webcast for overview of 1st deal:
https://webcasting.buchanan.uk.com/broadcast/625eab44841dd838fd0be737/626a570604a28f73ceb0fd9f

my post is just a forecast/prediction - market needs to see evidence in hard figures contained in announcements now for proof that management can convert their work into £££/$$$ - current prices provide excellent entry for those researched imo but ofc still a risk until that potential is demonstrated. While relative silence is frustrating, the company has already demonstrated the speed it's working at last year and the next updates for this year will build on last year.

Reggie, there are a couple of graphene plays listed in the UK other than TGR. For example VRS which is something of the vanguard and pioneer. Also, Haydale and Applied Graphene.

Breaktwister, i'm personally expecting TGR to be profitable from this current FY22-23 if it is successful in producing the 20,000tpa it has guided and sells most of that. Unlikely it will profitable for the year just gone because of capex expenditure etc, and which we will get results for in September. Further, for this FY22-23 prediction of profitability that is not taking into account income from the downstream part of the business which may be just as, if not more profitable - following the primary expansion in Madagascar to 30,000tpa capacity due in the next few weeks, shortly thereafter we should hopefully get news of the Patalganga downstream expansion from to 4,800tpa and which should boost income and profit if management successfully delivers.

All in my opinion and dyor. GLA

Nissan or Jaguar Land Rover or both? Importantly these gigafactories will require processors of spodumene into battery grade cathode material - this will happen by the likes of Green Lithium in the UK or the Portuguese processors already announced nearby to MdB.

https://twitter.com/alastai85608932/status/1536618428253061120?s=21&t=ydBBE8ddR_XTTS8Pg7zuXw

Thanks for that rivaldo - their coverage initiation puts to bed the ridiculous idea of a delisting that disturbed some via updates from the likes of Interactive Investor just because of a change of broker.

CPO combined with cashew operations once ramped up should equate to a very valuable business, especially in an age of relative food scarcity imo

Great that the colour sorter is now in country - from the last update it was suggested it would take 3 weeks to get from the port, through customs etc, construction and commissioning. Finally though, looks like light at the end of the tunnel and DKL can ramp up the cashew operation and diversify its profile and product offering which will also build resilience against the cyclical nature of just the CPO harvest.
If production can resume to normal level while prices remain elevated for CPO then it looks like FY 2023 will still be a very good year for DKL.

Full year results are September I think judging by last year’s time frame - listed companies have 6 months to post them post year end.
Hoping to hear the big project updates from end of this month per the published guidelines in previous RNS announcements

the fact is that the arbitrage between SAV and pretty much all ASX/US listed Lithium companies is so great that once Portugal approves the EIA (fingers crossed), SAV has an asset of such a size that it owns 100% of and will see a sudden re-rate to reflect this. It will change the game to have an EU-based supplier of Lithium Spodumene imo - and Portugal can cement itself as globally significant Lithium player by opening its doors for further deposit development in the country.

https://webcasting.buchanan.uk.com/broadcast/625eab44841dd838fd0be737/626a570604a28f73ceb0fd9f

For anyone interested before the re0listing, am reposting this webcast here - v informative 30 mins

very excited for this to re-list as my first oil investment with the deal as it's structured and oil priced as it is. Could be one of the best performers this year?

Folk need to understand that while there is a lot of research underway, and ongoing projects and prototypes with groundbreak battery chemistry and tech, it will be many years before the established Li-ion battery tech utilised in most of the 300+ gigafactories being built is displaced. Lithium and Graphite are the two constant in the cathode and anode side of all of these mainstream chemistries likely to dominate the scene for the next couple of decades it seems

As far as I’m aware Shishir and his family are fully aware of the position and opportunity that TGR has as a company to benefit from multi decade ongoing global trends such as the EV revolution and spherical graphite as well as fire & thermal control graphite products to meet more stringent international fire regulations.
As such they’ve developed a company with the intention to provide a one stop shop most-all graphite products using a vertically integrated model. This requires a long term view and Shishir has mentioned plans for the company all the way to 2030 with the first goals being set for 2024 as published. It makes no sense for any of the family to sell their shares at the start of this journey just as operations and sales begin to ramp up, so I would be very surprised if they did - with this company they are building generational wealth for themselves but also hopefully shareholders who do their research and trust the Poddars to join them in the journey to a £1bn+ valuation imo.

GLA, DYOR

Very true wasa but they need certainty before any financing can be entered into - like you say financing will probably be one of the easier parts of the equation. We need qualification of material news and possible future customer offtakes/arrangements.
All in good time I’m sure - we will know things are in motion as soon as MB announces news of this type

GLA

It’s maybe an out of the ordinary perspective to suggest Europe look to Africa for inspiration but the world is changing and geopolitics is evolving; Portugal should see and contemplate the success Ghana is having and will have more of from Atlantic Lithium putting it on the map as a future major Lithium producing jurisdiction.

So much opportunity for Portugal and Savannah Resources to do the exact same thing and raise the Iberian peninsula’s profile as an investment destination during this generational industrial revolution.

GLA

With further economic alignment of Ghana’s national interest I imagine future growth and exploration opportunities for Lithium around ALL’s current tenements and elsewhere may heavily favour the incumbent ALL that recognised the potential early on (thanks to Vincent) and has worked hard to bring along this asset.
This is a quality hold imo with exposure to the largest trend of the decade currently.

Thanks for sharing DL