Member Info for Glengarth

Going to have to be some hefty prepayments or very favourable financing here...but will take a long time imo, not overnight....placing risk still very high here to progress this massive, quality project....will take a lot of time - good trading opp possibly on any spikes

I heard that P&G will be deciding in the near future to ensure that all of its Palm Oil used in it products will have to be responsibly sourced - if and when that decision comes it could time very nicely with DKL's RSPO certification application completing - surely this must only be a few months away, not more than 6?

Sorry to see Michael stepping down due to health reasons - I wish him well.

Hopefully the torch will continue to be flown and this little British company will fly the flag around the world and continue Michael's efforts!

Will be interesting to see what comes forth.

Certainly a funding requirement impending, certainty through a strategic partner coming on board would definitely allay fears and encourage entry. But lots of promises in this area, need concrete action. Graphite market only strengthening going forward.

Comparing VRS and TGR is like apples and oranges imo. VRS is one of the OG companies leading research into Graphene and should be commended for taking on the challenge as early as they did and for persevering - I don't know that much about VRS actual work tbh but i'm sure their research and development testing has had some benefit to the overall nascent Graphene ecosystem and industry. Like Basscadet says, the success of one graphene producer may likely lead to benefit all graphene producers as applications become more widespread and demand increases.
TGR is a completely different kettle of fish - Graphene makes up part of its advanced material development/R&D unit. Clearly it is working flat out with major hiring of senior specialists in relevant fields (see Dr. Gresil for example) and the collab with RR. and now more recently Monash.
But, importantly it has 2 major drivers of income in the near term - 2 other separate business units: its primary and secondary downstream operations across Madagascar, India, and soon to be Mozambique - where next will there be a TGR outfit operating? my money would be either another transaction to acquire another asset within the next 3-4 years or so to lock in even more Graphite tonnage/resources or maybe, and highly speculative here, development of another specialist project, perhaps in the US on the back of growing demand for spherical graphite and after using the Indian operation as a pilot plant for a couple of years.
Anyway, Graphene could be absolutely amazing for TGR's fortune but it is not the rainmaker here yet - the fundamentals and infrastructure for all of that is being built as we speak!

Definitely understand the frustrations as in a similar position as Beevorma with main holding which has been averaged up - I would say some things have changed in that the company has continued to expand rapidly in line with its stated objectives and is in the process of significant acquisitions - if management keeps delivering then this is just sp fluctuation on the way to a much higher mcap and sp in the mid-term imo.
Tbf it's the Poddar family that has developed the in house-tech under the bracket of the company being bought, TSG, which at the time the valuation for which was something like £2m. So long as the company expands under the same umbrella as the plan has been stated then I'd expect much higher and growing figures than the purchase price to roll in annually from that side - it is the downstream side and the value-add processing where the major money is to be made imo and an emphasis on vertical integration ex-China sources is paramount.

Depending on your goals the short term sp doesn’t really matter imo.

If the company is delivering on its objectives then the financial position and mcap will follow. Personally I’m invested for the mid-long term and the path forward for that period is plain to see for upstream and downstream graphite companies imo….don’t invest what you can’t afford to have locked away for a decent amount of time or so much that you lose sleep over it. And always DYOR!

Madagascan operation is building out to 30,000tpa natural flake by Q2 2022.

You've also got the pending acquisition of the specialty graphite side TSG which stage 1 (15,000tpa of specialty products) in itself should bring in similar levels as 30,000tpa natural flake due to higher prices and similar margins - aimed for in H2 2022 - research will tell you that the most recent published results is not total sum of what TGR is achieving as well as the margins achieved to date (which should improve further as operations scale up) and what the macro picture looks like to support graphite demand. Vertical integration will capture higher margins and secure better market share - just look at many other graphite companies trying to get into the downstream side as well.

Then you've also got the huge new Moz assets - one of which is construction ready with a capex cost many other companies surpass but which have an mcap around half TGR's - by your logic how does that work? those companies should be worth close to 0 with no turnover and further costs to prove up their assets!

Graphene could have some profound impacts - impossible to quantify or put a timeframe on, but i'm encouraged by the positive sounds and results to date achieve by TGR's team breaking scientific barriers and collaborating with partners across the world on a wide-range of applications.

Mcap reflects the future and confidence in management to execute their development strategy imo. As a company grows to the point where it can self-fund or fund the majority of its own expansion plans and then look to distribute dividends eventually the market cap will rise in anticipation. Of course that is years away but would you criticise someone for buying another major company in its early days when it was just starting out but building rapidly ? IMO the infrastructure (gigafactories, cell makers, semi-conductors etc) is being built up for an electrified world - TGR is one of the companies in the right place at the right time to supply products to enable this industrial revolution and also to keep people safe from the hazards presented by it (e.g. thermal and flame control). Luckily the management has a clue - shown by its track record by building and running the initial 3,000tpa plant at Sahamamy, expanding with a 9,000tpa plant and commissioning it at Vatomina using in house, proprietary tech and expertise and has achieved significant margins and growth - a few years of similar levels of growth and you will be looking at a completely different company. It's like a gold rush imo and TGR is supplying the shovels.

bit shocked by the relatively high opex (maybe distance to coast?), perhaps improvements will be made in the next stage studies. High capex ($85m current $5m mcap), but understandable for a 75,000tpa operation. Very ambitious in the current climate unless the company reveals major strategic interest and possible investment for offtake or offtake agreements lined up to help secure financing. - 4 years not a bad payback period but there's better out there. Having said that i'm yet to see an offtake agreement for much more than 40,000tpa in one go - but the market is evolving and demand is increasing so who knows!

Major graphite price increases in the short term or the revealing of significant partners will be required to get this to move - funding requirement looming in the short term to progress studies and drill more if they want to increase the life of mine and total resource after the recent drill programme and the upcoming Q4 JORC update. I'm still waiting to get in on technicalities but good could be a soild opp.

Thanks for sharing the interviews/articles so quickly Troajan.

Another means for TGR to further the development of its research into Graphene products. So overall now active work (announced so far, may be more) is going into:

Graphene-Metal composites
Graphene-polymer nano-composites
Graphene dispersions

it's great that TGR is providing its own Graphene as the base of all of today's announced work with Monash university. This will help spread the awareness of TGR as a potential supplier/producer and extend TGR's product into the realms of further research and academia. We've just seen Graphene being tested in the UK on a sizeable scale in concrete on a motorway and building material so slowly but surely graphene is working its way out of the lab into the real world.

The Graphene-Plastic Railway Sleepers is a particularly interesting concept! Could be another exciting development down the line in a year or so if there are any significant breakthroughs as alluded to in Puruvi's interview as milestones towards successful development are achieved.

great video, thanks for sharing

for the record, in terms of BRES v ACP - I think the timing as well as the economics makes ACP the standout contender.

i'm not so concerned tbh glyn.

Before admission the Concert Party stake was worth 52.36%. Upon listing and admission to the LSE that was reduced to 43.45%. After the raise back in April this fell to 37.68%. After this action the Concert party will be interested in 50.15%. - this will be further reduced following the issue of shares regarding the Mozambique asset transaction and also by any further raisings. Certainly I wouldn't expect the % to stay above 50% unless the concert party are happy to continue subscribing to raising shares in significant values. Of course there's no such thing as certainties in this game.
Good luck to us all!

Good news in the RNS - commitment to sustainability and benefitting local stakeholders for all of SAV's projects.
Looking v positive here. Hopefully Portugal can lead the way in the EU with the first lithium project to be fully developed to serve the electrification and decarbonisation efforts of the continent and beyond.

Agreed lanklylad - think about the future the assets of TSG will provide.

And aye, the family are getting their just rewards in the form of shares and warrants for bringing together decades of experience and technical expertise and very competent management teams.
I take confidence that they wish to remain such big shareholders in the company going forward - where else does a simple graphite miner and processor (which is what the Madagascan operation represents) have the opportunity to be integrated with a specialty graphite producer (1,200tpa pilot Patalanga and the 15,000tpa specialty project to produce expandable/flame ******ent/spherical graphite etc in H2 2022) as well as an extremely innovative, technically expanding advanced materials operation (TGMRC) in India with connections to the rest of the global industries that consume graphite products, and to Manchester and the global nascent graphene industry in which it could emerge as a world leader should work on it Al-Gr composite be successful?
Shishir Poddar is a man on a mission and he's cultivating that mission objective within his close circle, all of who form a vital part to progressing his vision for TGR to be a global leading graphite and advance material/specialist chemicals company - it's right for them to have a major incentive imo.
We can but hope the TGR team and its advisers continue to hold a long term perspective and execute their strategy as well as they have been to date. We've gone from 3,000tpa to 12,000tpa in 9 months since listing - and this will grow to 30,000tpa within another 6-9 months and continue growing from then on according to demand.

By the way, the BAT shareholders voted last night to approve of the sale of the huge Mozambique assets to TGR! Now we must wait for local government approvals. Combined with the upcoming results from the Madagascar drill and exploration campaign the overall graphite resources available to TGR are about to grow significantly.

If this company was listed in the US or Australia we'd have a much much higher mcap imo, and it's only a matter of time (as good investors think in years not days/weeks) before TGR is a mid-cap with a sprawling global business - the US OTC listing is of course being worked on in the background. Good luck to us all!

Very nice - BAT vote another day closer

The major acquisition of the new assets in Mozambique located either side of the world's largest ex-China producer, Syrah Resources, will be voted on this week by BAT shareholder for their disposal and agreement to the sale. Fingers crossed this succeeds to the benefit of both companies as TGR is ideally suited to progress these major assets with its decades of experience and market penetration being developed. Hopefully this will be an ideal complementary operation alongside the Madagascan and Indian operations.
Good luck to us all!

European majors really beginning to step their plans up a gear for battery infrastructure on the continent

https://cleantechnica.com/2021/09/25/mercedes-volkswagen-ramp-up-battery-factory-plans/

The British Honey Company plc (“British Honey”, “BHC”, “the Company” or “the Group”), the producer
of premium British Honey, Honey-infused spirits and no/low products, announces the following Board
changes, all with immediate effect.

Mr Michael Williams has stepped down as Interim Chairman and Chief Executive Officer with but will
remain on the Board as a Non-Executive Director pending the appointment of his replacement as
Chairman. A professional search firm has been appointed to seek a suitable successor.

Mr Philip Seers has also resigned as Senior Non-Executive Director but will continue to provide
advisory services to the Company as required by the Board. Mr Robert Porter-Smith has re-joined the
Board as a Non-Executive Director.
Mr Alex Maurice, currently the Company’s Chief of Staff, has been appointed Chief Operating Officer.
It is the intention to appoint Alex Maurice to the board pending completion of the standard regulatory
checks and a further announcement will be made in due course. Mr Maurice, who has been with the
company since 2016 has been instrumental in the development of the Company’s market leading
proprietary software.

Shame to Michael stepping down. Wonder what has been going on.

Big things brewing here, if you catch it right may do well over the next 5 years.

Don't get burned by the upcoming funding requirement to progress this major, quality project though and traders selling you their %.

Agreed about the wider market Jingall - lots of other stuff floating around promising the world. I don't see that many others building a substantial business that has delivered a serious amount in just 10 months and looking to increase its initial production by 10x, complete a major acquisition, develop a major downstream project, and initiate work with international partners on a potentially industry game-changing material (Al-Gr composite) that amounts to a potential technological breakthrough by successfully binding Graphene and metal for the first time allowing both material properties to produce an advance material as a possible rival to Copper, in just over 12 months since IPO.

As always long and strong here. Good luck to us all.