Member Info for Glengarth

Hi T,

It was an interview with the CEO that made me sit up and really research this company. They've been building this company for a few years, laying solid foundations and have a plan which they seem to be following nicely, faster than they had initially expected it seems as well!
It was the professionalism of the CEO and the depth of expertise/knowledge around graphite and graphene both on the academic side (his daughter is part of the team and has done some great interviews since the listing late last year - she was involved in the Manchester University research project which basically discovered graphene) that like I said made me want to research the company more. They've also got plenty of skin in the game which is encouraging. Certainly they keep shareholders updated very well.

ATB

Love to see a company which is a) committed to minimising its carbon footprint and ESG credentials and b) actually doing something about it:
· Advancing hydropower strategy targeted to meet 100% of the power requirements for the Madagascan projects:

o Developing initial 100Kw hydropower facility at Sahamamy resulting in an estimated ongoing saving of c.10% in the operating cost per tonne of output and a c.50% reduction in carbon emissions.

o Accelerating further studies and detailed planning on the back of the earlier conducted prefeasibility studies for additional c.900Kw hydropower capacity prospects to provide 100% renewable power generation for the next two production modules.

Lower carbon footprint = ESG tick
Cheaper power = higher margins, most profit tick

Alongside the rising production at Madagascar with graphite prices up 63% and the company's driven management and visionary development plan, all looking very good for TGR.

Agreed on the whole, though this has been a great sentiment trade

Tirupati Graphite offers something extremely rare - a fully integrated graphite company outside of China and one which is able to offer a suite of capabilities rather than just selling raw material:

1. It mines the Flake Graphite material at a good grade and large Flake size (flake size very important) which it can sell on to customers around the world.
2. It can take the mined material and 'process' it at its plants in India into developed products such as expandable graphite suitable for Flame ******ents, note the recent contract awarded by the Indian Railways, and a host of other applications such as cladding and thermal management.
3. It is now going full steam ahead to develop its speciality graphite project which will be able to 'purify' graphite and to shape material into 'micronised and spehrical graphite' suitable for use in the EV battery market, likely for the Li-ion battery Anode - a fast growing market as most are well aware. This material value adds around 2-5x natural flake graphite prices.
4. It is a leader in Graphene and has started the development of its own Reasearch centre, already revenue generating, and further intends to develop its Graphene production to 10kg per day ($100,000/kg).

On top of this the company's methods are almost unique in how environmentally friendly they are (big green ESG tick) and efficient compared to current mainstream methods, mostly found in China. Read the RNS of recent results from testing of the materials and you will see the company constantly achieves higher and better than standard results.

A company such as TGR, with its own resource bases which are still being grown through more drilling programmes as we speak, also able to produce and refine ex-China more efficiently and at better quality with an extremely involved Management Team and global partners already sniffing at the door is an amazing opportunity at the current time of supply chain awareness and reducing dependency on China. To be in its position as the CEO has stated is akin to having 'first mover advantage'. TGR won't stay sub £100m market cap for too long.

GLA

Good to see this getting more widely recognised both by instos and seemingly on Twitter under #TGR.

But annoying timing as was hoping to keep loading up quietly!

No surprises Premier Miton want in after our spherical graphite results on top of everything else TGR offers

Just waiting on the Environmental permit and mining Licence now...last major hurdle before financing discussion really get serious by the sounds of things...takes time but the articles gives faith the government will be working through the process

Reading the article, link below, demonstrates how keen Tanzania will be to have natural resource projects such as ours developed in speedy fashion to take part in the EV and Green revolution

https://allafrica.com/stories/202103020110.html

GLA

As of January 2021, board and management held 13% so they are fully aligned with pushing this forward - wih Graphite a major part of the Green Revolution this will likely help 2021 be a majorly important year towards production wih the MRE this quarter and later in the year a Concept Study (first economic assessement), followed by the PFS study further on this year.

Thanks for that Messi - in the long term I don't see a problem once FDA appovals are underway...let's hope ECP can prove their worth when necessary! Fingers crossed for FDA progress shortly.

Hi Timmit,

I guess we won't know the full legalities as we won't see any contracts. You're right though - witholding funds from a subscription seems dishonest and I'd hope TSP are not reliant on the money; it's a shame TSP is in bed with such characters, unless truly there is a valid reason for witholding of funds....i'm dubious - at least TSP has stated they do not need the money for their working purposes, which at the moment only seems to me to just involve waiting for the FDA approval process to start before ramping up a marketing campaign.

Messi, why would TSP pay ECP anything? their alloted shares (694,444) represent under 1% of the diluted capital of the company.

Aye - will be good to see reassuring comments from the Chancellor, even if they're offset by tax rises (ffs)...lots of buying today but some big sells doing the talking for me, well played those making money.

Well done PIface, got yourself a good price there - the MRE (covering only a fraction of the resource here) later this month will confirm you are in nice and early I reckon!

Exactly my thinking, good to see we are thinking along the same lines - When you think the IPO was 36p on the basis of an imminent FDA approval process, which has only been delayed because of COVID and nothing else, then accumulating at below 10p seems while the limelight is elsewhere seems like quite a tasty opportunity

Sorry didn't see your post, must have been while I was typing....holding here long term!

Hi Messi,

So today I am slightly optimistic following the annoucment this morning.

Firstly, yes in their last announcement Truspine said "Cadaver lab time and testing has been booked for February 2021, pending further COVID-19 restrictions." --- important to note the pending covid restrictions part as this was previously the case for the Q4 booking so it's hard to know if covid restrictions are still impacting lab time....and we still have not had confirmation testing is taking place.

However, today's announcement has given me my more optimistic outlook: the subcrisption partner ECP has not backed out completely despite the relatively wish washy delay excuse that "COVID-19 restraints experienced by ECP in completing their respective business matters" are to blame for the extensions to date (don't know how covid prevents paying for subscribed to shares??) Furthermore "the Company and ECP have reached a further agreement to extend the deadline for the subscription date to 5 April 2021"

Clearly ECP still recognise the quality product this company is developing otherwise why not just back out and forget the subcription shares completely? I hope this means there may be a confirmation annoucment from the company that lab testing is ongoing/will be going ahead...it's like the carrot dangling in front of the donkey and tbh I think ECP are more interested in deploying their money elsewhere in the meantime until they have more certainty of progress here.

Any thoughts?

I think this share has more than 3 bags in it PIface...geniunely big resource of a material demand is increasing for at about 30% CAGR for the next 5-10 years...

While this is definitely a stock which appears driven by sentiment (no bad thing!) until there is clarity on the company's funding going forward i'm staying clear...the company will be appraching £30m in debt, burning nearly £0.5m a week and will have major cash costs reopening and taking staff back in employment and off furlough,..either a placing and fundraise or a big big bank extension to the current agreed borrowing limits needed imo....

otherwise though the company could do well when it's back fully - closed loss making venues, renegotiated rental agreements and good agreements with suppliers, so it is likely to be more cost efficient and hopefully they can get it to profit. Keeping a close eye.

GLA

Great RNS further confirming high grade Graphite over a decent area. It's unbelievable how big Orom-Cross has the potential to be, "with an estimated resource in excess of 3 billion tonnes of graphite" this could end up one of the biggest sources of graphite that has a significant baring on the graphite market....very impressed so far, roll on the MRE later this month!

GLA

Given nothing has been said by the company, and the deadline extension for the agreed subscription is 28th Feb, this being the last working day before the, I reckon the monies are not forthcoming from Evrensel Capital - bit harsh/dishonest from them given the delay to cadava testing for FDA approval has been because of COVID and they had subscribed to the IPO at 36p.
Maybe good business for them to now low ball subscribe at these reduced prices.....

The delay to cadava acesss for testing from December was supposedly 3 months. It’s been 2 months since then and no news, 1 to go, hold on to your trousers...

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