Member Info for Glengarth

I would add whoever the seller(s) have been they've been at it since July last year - they must be nearly out....

Agree with Stickybob and Reggie,

TGR made waves last year and has cooled down since - but it remains one of the few (currently 2/3) producing graphite companies ex-China and it is expanding that production, forging a path ahead to profitability as it does so at a time when graphite demand is set to expand by multiple factors. I think TGR is overlooked because it doesn't hype itself up in the way many of its peers do, particularly those listed on the ASX and TSX. Perhaps this is because of the current operations of the company being regarded as distant by investors located in the UK. But I am happy to remain committed to the long term here as long as TGR'S management continue to deliver on their promises, which so far they have - in 12 months since listing they increased production capacity by 4x from 3,000tpa to 12,000tpa and will do so again by another 3x to 30,000tpa in the middle of this year. As Stickybob references, in house innovations like the CFS will further reduce costs and standout TGR as one of, if not the lowest graphite producers out there. Reaching 30,000tpa capacity in Madagascar will in my opinion show to the market that TGR is capable of reaching its mid-term goal of 84,000tpa by 2024 alone which should bring in more investor confidence and investors on the register. It's about building a track record rather than making promises but not delivering.
Downstream Patalganga is due to be expanded by 3x from 1,200tpa currently to 4,800tpa in Q3. I hope we get a breakdown of sales and indications of the future demand in the next results update, as well as ideas of what the company is thinking beyond its 2024 MTDP.
Mozambique acquisition news shouldn't be too far away - massive assets to feather TGR's hat if/when this transaction completes, and TSG transaction news will hopefully be in the not too distant future.
Other downstream news for first half of next year I reckon will be the 15,000tpa downstream plant, with a 3,000tpa capacity for spherical graphite - this could be vital and a huge area for TGR if it gets it right. I hope the company is strategising and receiving good advice on this front.

Looking at graphite prices and the fundamentals and foundations being laid by TGR i'm v bullish. In my opinion this is another accumulation and patience phase on the company's journey. Make sure to DYOR, read the announcements, presentations and watch the interviews. Good luck all.

Am v bullish on lithium given the industrial revolution we are seeing with the EV/Green transition being legislated by governments and driven by consumer demands.
The EU will need a domestic source - DA has spoken this week on how he hopes for SAV to be the example project for a host of other lithium sources to be brought into production within Europe - there is a massive demand brewing and the downstream processors being developed on the continent could do with security of supply by being able to source from within its own confines.
Imo this is playing out with ALL (previously IRR) where the US company PLL is developing multiple assets and downstream hydroxide plants in the US - securing supply is critical and hence ALL's success and £250mcap to date, likely to go higher. This is not a cross ramp but is to illustrate my thoughts on why, should SAV get the green light to develop MdB the rerating higher, especially after the next resource upgrade, will be swift - the first domestic EU producer and supplier of significant quantities of lithium spodumene would command a much much higher market cap and sp for SAV.

It's pretty clear why PLL are acting with such urgency to ensure they can fund continued work at ALL's Ewoyaa - raising the $100m is like a shot in the arm and the story is only just beginning of a multi-decade transition. Today's update further enhances the credentials here - expecting a much much higher mcap over the next 6-18 months.

No probs.

Imo when economics of a project combines with geopolitical need (national or commercially driven) you have a winner on your hands. That was my experience with GGP's Havieron from 2017 and the needs of Newcrest to replace Telfer - looks similar with IRR/ALL , the arrangement with PLL and US/EU needs for non-Chinese controlled material and the EV/Green revolution and the journey here is just really beginning I reckon.

Piedmont Lithium went into a trading halt yesterday as they announced a fundraising of $100m to proceed with its Lithium business, including for contributions towards further development of ALL’s Ghana assets per the deal reached by VM with the company. Very bullish outlook for ALL imo.

https://www.miningnews.net/capital-markets/news/1428905/another-sizeable-slab-of-lithium-funding-going-piedmont’s-way

Agree Stickybob, v encouraging to see the beginning of this disruptive product entering the UK - will be interesting to see global sales growth.

Also of note is the sizeable rise in prices for flake graphite (and spherical graphite) from Fast Markets this week. Shishir's forecast of reaching a basket price of $950/MT for TGR may be very well on course for this year.

https://twitter.com/Alastai85608932/status/1504519711249379332?s=20&t=ReztMiCIIaIfAjxGbb1_5w

https://twitter.com/dinosaurman1/status/1504448059870449664?s=21

From the link in the above tweet, Europe’s is aiming to be the second largest market for battery production by 2024….will be pretty embarrassing if they don’t have any domestic lithium sources in production/development. Same goes for graphite and rare earths etc

Hi guys, below is a link to a short twitter thread which combines several of TGR's graphene related announcements and interviews and news articles if interested. It's definitely a gradual process but it seems every month there is news on a graphene application receiving funding or reaching the next milestone across the world - there's a race to commercialise the material no doubt and it must be extremely useful for TGR to be working in collaboration with multiple partners.

https://twitter.com/Alastai85608932/status/1444946078487531521?s=20

I'm still intrigued by the confidence in the half year results released in December in which was stated:
"We expect commercialisation of at least one of the many bulk graphene applications we are working on and remain prepared to install additional capacities as markets are developed."

Looking forward to the next updates on this front. GLA

Forgot link:

https://www.mpevans.co.uk/investors/market-prices/cpo-price

Week closes with spot CPO prices still at ATHs of $1,940/t.

If DKL can have its high season begin in April as most of the palm becomes ripe for harvesting, allowing time for prices to catch up toward the international CPO price then it is in for a very strong year imo. Would be nice to have the high season coincide with final delivery of equipment and ramp up of the Cashew business.

Graphite prices have continued an upward movement. Shishir in the last suggested TGR’s current basket price of primary graphite out of Madagascar could reach $950/mt.
TGR is one of the few companies in production, expanding production capacity (almost tripling again in Q3) and developing means to reduce costs further to benefit margins (development of new CFS processing tech and hydropower being established. Prices may continue to rise, they may fall and settle in the future, TGR is well ahead of the crowd imo.

https://twitter.com/alastai85608932/status/1501994089490915329?s=21

good question, cashews were meant to be initiated middle of last year...to the company's credit though it's performed well on the CPO front and the sp has barely moved, now we are entering the business end of things imo with cashews hopefully finally ramping up as well, upward sp looking more likely now - I hope DKL is at least seeking more advantageous payment terms for this delay which is not it's fault.

Has been good to see two of DKL's lenders extending their grace periods so the company will have longer to use its profits from elevated prices and production in the high season as well imo.

Although there been lower production this month (after 5 consecutive months of production growth year on year) revs are still up for the year for February - €4.2m in Feb. '22, as opposed to €4.1m in Feb. '21. Looks like March will also be effected.
But April sees the start of the forecast high season now and coincides with the final elements of the cashew plant coming together. As it takes time to catch up with international prices a boost while CPO prices (anyone seen an impact on cashew prices anywhere, not sure where to look?) are at elevated levels should mean DKL achieves a record year again imo.

Don't know what's happening with the CPSO certification and supposed bio-fuel projects etc...

There's a new processing plant to produce lithium hydroxide being planned in the UK by Tees Valley Lithium Ltd - wonder if SAV may supply as far afield as North-East England - something of an EV supply chain hub being established there.

https://www.newpower.info/2022/03/new-tees-valley-lithium-plant-aims-to-become-major-supplier-to-european-ev-battery-gigafactories/

Indeed Basscadet. That's just ballpark aims for the primary side. At margins of over 50% that's some serious potential and given the operational head-start TGR has over most of the rest of the ex-Graphite field of companies it's very well placed to work towards that goal.
On the even more valuable downstream side we are yet to hear more as these markets develop and mature. Specialty graphite for flame ******ents and spherical graphite (I do wonder if TGR would partner up with anyone to make coated purified spherical graphite at any point down the line - serious money to be made on the anode side of EV Li-ion battery supply chains) are at least twice, even thrice, as valuable per MT compared to the primary side, and may be serious revenue centres for the company. Being directly exposed to multiple industries because of the in-house manufacturing abilities being established and expanded currently in India, with possible plans for more facilities there, in the US, UK and/or EU may represent an enormous opportunity imo.

Good luck all.

Written interview with S&P providing an impressive insight to some of TGR’s ambitions

https://www.spglobal.com/commodity-insights/en/market-insights/blogs/metals/030422-ic-tirupati-graphite-shishir-poddar

Reggie I would agree it looks as though someone may have balls'd up somewhere else given some extremely sharp declines in some other prominent stocks and may be trying to recover themselves and regroup.

TGR has had multiple very good news announcements already so far this year and many more milestones are ahead. Also accumulating at these levels as cash becomes available.

I would reiterate that I think 2022 is the most important year for TGR - completion of its first major 18,000tpa plant in Madagascar end of Q2 will prove the company is capable of expanding to its 84,000tpa goal for 2024, and expansions in the downstream will position the company perfectly to make the most of a couple very important macro trends - flame/thermal controls and the Li-ion battery revolution.

these high prices during the high season are v bullish for DKL - withthe cashew plant beginning to ramp up from thie month/April as well which had been expected to potentially be more profitable than the CPO (although at these CPO prices who knows!) 2022 is shaping up v well for the company imo

//www.reuters.com/business/energy/india-asks-indonesia-raise-palm-oil-supply-prices-spike-sources-2022-03-02/

Https://www.rea.co.uk/websites/reaholdingsplc/English/2450/cpo-price.html

From their website:
"In 2021, Core released a Definitive Feasibility Study and Scoping Study on Finniss, the highlights of which included production of an average 173,000tpa of high-quality lithium concentrate at a C1 Opex of US$364/t and A$89m Capex through simple and efficient DMS (gravity) processing"

SAV is planning on 175,000tpa isn't it with figures not too different to those above if i'm not wrong. And only £70m mcap compared to Core Lithium's £860m....wow.