Member Info for Glengarth

Savannah is extremely well placed to serve European lithium demand - with the growing focus on establishing local supply chains, Portuguese spodumene will help establish this and benefit locals, Portugal's economy and the EU.

Each day brings progress closer and the macro picture continues to strengthen.

Could be a good time to accumulate here - as other producing countries are struggling and costs of alternative have risen massively because of the conflict in Europe, CPO demand is looking at sustained higher levels and therefore prices. If this goes on for months DKL may well have a consecutive year of a new financial record.

https://twitter.com/Alastai85608932/status/1498391814977556482?s=20&t=R6lW6LG5I4ct9CkertcaCA

This line is very interesting:

"This is an opportune time for us to establish ourselves in this niche product arena in our home markets, which may prompt us to consider creating downstream facilities for the suite of products in the UK, including for lithium-ion anode materials, and potentially graphene. "

Clearly the company is seeing heavy demand for its products imo

Levs - this is $1m revenue from one contract for market and distribution of one suite of products in the UK alone!
Worldwide sales are also going on - TSG made $1.2m in the last half year alone if you read the half year report. And Patalganga is undergoing expansion from 1,200tpa to 4,800tpa due in Q3 this year.
On the primary side TGR’s revenue is about to jump up massively as it goes from 1,000MT of production and sales to 12,000tpa currently next up to 30,000tpa on completion of the next Madagascar module at the end of Q2. Read the report to understand the big impact this will have.

Todays news is fantastic imo and you can tell how confident the company is becoming by the language used and mention of the possibility of building a site in the UK. TGR is a growing company with global ambitions and its products are steadily receiving validation and uptake which the company is converting into sales.

GLA

Very much agree with you Sievco. Graphite's demand is only increasing and TGR is one of the few companies in current production able to actually sell into a rising price environment while expanding its own production and reducing its costs through in house innovations such as the CFS.

https://www.kten.com/story/45923815/how-a-battery-shortage-could-threaten-us-national-security

The above article is good and has a good line:
"Lithium, nickel and graphite are clean energy metals," Klein said. "If we don't do this, the green agenda is goodbye."

Looking forward to hearing news on the downstream side. TGR has so much going on.

Sorry got cut off somehow

Interesting take LI.

TGR's operations are north-east of the capital Antananarivo and use the port of Toamasina.

From the RNS it is apparent disruption will mean that for the second half of the year production/sale have reduced to 3,200-3,500MTs. On top of the roughly 1,000MTs from the first half of the year the resulting yearly production for FY21-22 will be over 4,000MTs which is a 4x increase on the previous year.
This figure is again forecast to 5x to 20,000tpa once the company has successfully commissioned the new 18,000tpa plant currently under construction and for which the land clearing and mining equipment has arrived according to the 24th January RNS. This will have a major impact on further uplifting the numbers for the primary side and these will continue to expand in line with demand. The downstream side is the juiciest part of the business imo and i'm looking forward to more updates there, starting with the expansion of Patalganga completing in Q3, raising capacity from 1,200 to 4,800tpa.

Furthermore, Ana cause disruption because of where it made landfall, almost directly on a level with Antananarivo and that part of the north east coast and would have clogged roads, cause landslides etc in areas.
However, the subsequent cyclones have landed in Madagascar much further south. Shishir himself tweeted an image of one of the cyclone's cruising at least 100 miles south of the previous one and I incidentally have tracked the latest one using the same software on windy.com which has shown the most recent to have gone even further south.

I wouldn't be entirely dismissive of yesterday's news. Just because you cannot see the effect on the overall bottom line today does not mean it's worthless. Indeed, looking at some of the projects they've got going it looks like the revenue stream from them will only increase, and may be something to look out for the future - TGR is building a multi-faceted, global business after all.

GLA

Interesting take LI.

TGR's operations are north-east of the capital Antananarivo and use the port of Toamasina.

From the RNS it is apparent disruption will mean that for the second half of the year production/sale have reduced to 3,200-3,500MTs. On top of the roughly 1,000MTs from the first half of the year the resulting yearly production for FY21-22

From my understanding it was the first cyclone, Ana as you say which cause the disruption you refer to

The third business unit of TGR, its Grace and Mintech Research Centre appears to be forging ahead. TGR is developing not just as a graphite mining company as may be perceived by the market - but also has a downstream processing and manufacturing side for value added products such as spherical graphite and thermal/flame control products, and the Graphene and R&D side represented by TGMRC. All of these business units look to improving rapidly on the path to profitability, with operational profitability achieved on the primary side already at only 3,000tpa levels which are rising to 30,000tpa end of June this year (think about that impact in the next FY), and as Shishir states in today's announcement regarding TGMRC:
"Building on this success and the pipeline of activity currently underway with blue chip clients, we expect TGMRC to be an earning unit standalone."
- TGMRC is poised to achieve net operating earnings in the current financial year, its first year since its establishment, and expect these activities to be earnings enhancing in FY23 for the Company.

This is what investment is for imo. To build capacities, prove your abilities and gradually build earnings as you build your market presence. Slowly but surely, and to little fanfare (apart from for the Al-Gr composite last year briefly and which is still undergoing tests with partners(!) TGR is doing exactly that across its business.

Today's annoucment reveals just how much one of its business units is capable of doing. There is a hell of a lot going on:
Highlights:
· TGMRC has successfully developed a two-stage processing technology solution for ORL to implement at its Marela Project in Guinea
· The process will enhance ORL's extraction of Vanadium, Titanium, Magnetite ('TVM') at Marela and process these into saleable concentrates and end products

Further TGMRC Updates:
· TGMRC has now manufactured its revolutionary aluminium-graphene composite at relative scale to enable extensive tests which are currently underway
· Regular manufacturing of Graphite Oxide and Reduced Graphite Oxide is now being undertaken at TGMRC for supply to prospective customers for ongoing product trails in applications ranging from concrete to composite materials and coatings

· TGMRC has also been working on and completed a number of other mineral processing technology development projects including:
§ Optimisation study for Arcelor Mittal Nippon Steel's 10 million ton per annum iron ore beneficiation plant to enhance the quality and recovery of concentrate and reduce tailings losses;
§ Recovering of iron values from tailing slimes for JSW Bhushan Steel & Power's iron ore beneficiation plant; and
§ Mineralogical, Beneficiation, Rheological, and Pelletisation Studies of Iron Ore Fines and banded hematite quartzite (BHQ) iron ores, and more
· Various additional projects are in the pipeline for a range of mineral process technology development and optimisation studies for a range of minerals.

WHI look to hit the nail on the head by referencing the previous economics already established by the previous work and studies to date. Serious potential here to benefit not just shareholders but also locals, Portugal and the EU's strategy to move forward its green agenda.
Great work by SAV and its partners - good to see this news that DA is cracking on with the job in hand.

As seen on Fastmarkets, the spodumene price has reached a level of $3,750/t

https://twitter.com/Alastai85608932/status/1494581605628850208?s=20&t=7MqU1Tb52R_vlWMOKb6dXQ

Spodumene has hit $3,750/t according to Fastmarkets - quite what this does to SAV's future potential value is mind boggling

https://twitter.com/Alastai85608932/status/1494581605628850208?s=20&t=7MqU1Tb52R_vlWMOKb6dXQ

https://twitter.com/Alastai85608932/status/1494245939233579008?s=20&t=7MqU1Tb52R_vlWMOKb6dXQ

Prices for CPO continue to rise - well above ATHs nearing $1,500

If Dekel can continue to strengthen production rates and yields while simultaneously slowly growing cashew production then the financial profile of the company could be in for a major boost imo

TGR will become a globally significant graphite producer when it reaches a production capacity of 30,000tpa in the June quarter - there are very few (you can count on one hand) producers outside of China capable of producing that amount. And it doesn't stop there.
TGR's Madagascan graphite is perfect for industrial end users owing to flake size and level of purity the company can achieve. Between each 18,000tpa module lined up the company will be qualifying its material with new end users, establishing and growing its current end-markets and new ones.

In 2024, not that far away, if management continues to deliver as it has done to date TGR will be producing 84,000tpa of graphite concentrate out of Madagascar alone. That's why the current 18,000tpa module is so important imo: if TGR completes it successfully then it shows to the market TGR is capable of building its vision as all it has to do is repeat the process another 3 times. The current flake graphite market as of 2021 was just over 1,000,000tpa - let the scale of TGR's ambitions be clear from this. That was before graphite demand from the Li-ion battery (EV) industry has really begun to take off and we are seeing that now with higher spherical graphite prices which have been touted to reach their previous all time highs, and which the company is aiming to produce at its downstream modules in India.
Make no mistake with the Mozambique acquisition and the modules in India able to supply a range of industries requiring graphite on top of the Madagascan primary engine, TGR is aiming to be a global company. A dedicated anode facility elsewhere in the EU/US may also reinforce this, and with its track record hopefully others will see the company means business.

A lot of potential news coming up over the next 6-9 months:
- hydropower station completion
- beginning of mining operations at Sahasoa for the 18,000tpa module
- graphene composite news
- flame ******ant/expandable graphite sales/contract news
- Mozambique acquisition completion
- Non audited update on post March end of FY (aiming for the 4,000tpa stated in the half year results for 6 months sept-March)
- results of exploration and drilling campaign to further upgrade Madagascar resource
- commissioning of 18,000tpa plant
- commercial production achieved at 18,000tpa plant
- 2nd stage hydropower plant construction to begin
- downstream construction progress in India
- TSG merger Indian regulator approval
- monash university graphene project news
- Patalganga upgrade to 4,800tpa in Q3
- commencement of construction activities for next 18,000tpa plant at Vatomina to begin capacity increase to 48,000tpa in Madagascar
- publication of plans for Mozambique assets and update to the MTDP
- audited Full year results March 2021-March 2022 including cost savings from hydro power, first CFS installation and growing margins and revenues and possibly first profit

Good luck all

https://www.mining-journal.com/london-to-a-brick/opinion/1426582/graphene%E2%80%99s-second-coming

The benefits of combining Gr-Al together are becoming more widely recognised. TGR is leading the way with its novel composite. Hoping to hear more on this front. GLA

Couple interesting articles:

First - https://www.reuters.com/technology/iphone-maker-foxconn-make-chips-india-with-vedanta-2022-02-14/
Semiconductor manufacturing moving to India - sign of the advanced capabilities growing in the country, a good sign for TGR’s downstream and graphene facilities.
Second - https://www.telegraph.co.uk/business/2022/02/14/rolls-royce-electric-passenger-plane-take-flight-2025/
Rolls Royce racing ahead with their plans to produce their first electric passenger airplane - will be v interesting to see if TGR’s Al-Gr composite the company has been working with Rolls Royce to develop weight sensitive applications for is involved.

Choppy few weeks in the markets. Good luck all.

Another great update, looking v good.

Maybe this link will work - Director Talks interview

https://twitter.com/alastai85608932/status/1489183009253302276?s=21

Another interview out today - impressive stuff, and so much going on on multiple fronts.

https://*************************/status/1489152480533364740?s=21

See the link below - TGR is actively monitoring the next cyclone (they are not a surprise to a company that has had operations in Madagascar for going on 5 years) and preparations have been made as is the infrastructure built by the company which is done so with such events in mind. It appears the cyclone's landall will be 30-40km south of TGR's projects - good news, but i'm sure the company will continue to monitor over the weekend.

https://twitter.com/ShishirPoddar/status/1489160321524965382?s=20&t=fHGerHw5AWYdFmaZjrOLOQ

TGR is lucky to have a leader like Shishir and I hope the company's activities will continue to foster goodwill from the Madagascar people and government as it continues to engage with its workforce and the communities around it.

TGR may be able to benefit from the recently announced funding package in India to incentivise construction and manufacturing of industries required for the Green Revolution.

"The government will give $6 billion in incentives to companies to build clean vehicles and produce batteries locally"

https://www.reuters.com/technology/india-introduce-new-battery-swapping-policy-ev-push-2022-02-01/