Member Info for Glengarth

It's a wise idea not to invest what you don't mind being invested over a decent time frame and hence leaving it untouched.
Do your own research and make sure you are comfortable with your own decisions.

Recent global times are a lesson for many. Selling out on a dip will erode your capital base, making your worse off in the long run, and jumping from stock to stock chasing rainbows is for the very lucky/experienced.

Big fundamental asset here that underpins the future, is still growing, and is strategically important to a globally significant gold miner. Good luck all.

I like your sentiment - I fear though, taking risks into account and the high gearing and the costs of reopening and returning to service I that RBG will have to conduct another placing in order to give them the war chest and improve short term liquidity to really come out fighting and to restore confidence in the finances fully - the environment is similar to that around the previous placing (need to reduce net gearing and preparing for reopening etc), except investors have a bit more certainty that their money will likely grow going forward rather than just help maintain the business's survival like last time. Arrival of vaccines and decline in Covid deaths/hospitalisations/cases will certainly help like you say.
Also, I think a large holder disposed of shares yesterday?? - some big trades shown after hours.
Fingers crossed the fortunes of RBG (and the world) improve!

Hi KiJaHu,

Thanks - we aren't out of the woods, however. More clarity from government on the gradual removal of restrictions will help investor certainty. Certainly there is a big question over the company's debt levels going into Spring - it would be encouraging to see the board maintain pay cuts in the meantime continue reducing cash burn through rental negotiations.
I echo your sentiments - hospitality industry is weakened and many will see opportunities all over the place. If RBG falls/stays at these levels while it looks like a reopening is upon us going into March I have cash available to get in at the bottom.

Annual Report lays out the risks currently faced by the business - it really needs to be generating some income around March to ensure it meets its liquidity requirements - even if more rental negotiations are successful and another bank waiver is obtained in the face of an improving situation.

Despite the vaccinations progressing well (just under 500,000 more first doses given Saturday, 23rd) the noise from government isn't very encouraging about when restrictions may end. Probably wise not to get ahead of ourselves at this point and i'm sure the government does not want to over-promise, hence its cautionary tone.

Personally, I don't know when it will start, but I think a return to a tiered system will occur gradually rather than a complete relaxation of restrictions. Still yet to hear anything about whether the company will receive any insurance payouts following the supreme court verdict last week. GLA

Hi Canaries,

I got some through telephone dealing with Interactive Investor (£49 commission mind you!). Not really sure about the benefits of the Aquis exchange, there is very little volume/liquidity from what i've seen.
Truspine itself seems to be in a bit of a pickle right now - delayed access to Cadaver testing in labs has meant their FDA application and approval, which can take up to 3 months even if there is nothing found that needs altering, has been delayed. Access to this cadaver testing is supposedly booked for February but we will see - after the last supposed testing was delayed because of Covid there's nothing to say that the same won't happen again.
I think that's why Truspine has fallen so much from its IPO price of 36p to the current 9.4p - IPO money was likely obtained in anticipation of FDA approval, but this has obviously been delayed. I attribute this delay of Cadaver testing and hence FDA approval to the with-held funds from the Evrensel outfit - these guys probably want certainty things are going to happen and don't want their money to just sit there without the likelihood of appreciation anytime soon. Even with the delay these guys had subscribed to the IPO so they strike me as a very dishonest and unreliable partner to withhold the promised funds - unless Truspine gets its act together with proceeding with testing (something seemingly out of their control because of the pandemic) they might not see the funds for a long time, maybe never. Unfortunately I don't think there is any way for Truspine to ensure the obligation made by Evrensel is made good, so it's a definite risk and that's the dark, non-emotive side of business.
The shares are very low - I think lower than the prices of all previous purchases/issues apart from the very first issue of ordinary shares to the founders - imo the uncertainty over getting the FDA approval process started means it might take a very long time for them to recover and then fly as may have been previously expected considering the potential of the company's products.
Maybe RKBeekeeper has some comments he'd like to add as looking at his post history he seems very knowledgeable on the subject.

forgot the follow up link:

https://www.proactiveinvestors.co.uk/companies/news/939033/wetherspoon-s-second-cash-call-part-of-a--pub-trawl--by-cash-rich-industry-figures-939033.html

Interesting to see the likes of Green King and Wetherspoons raising funds to take advantage of what they see as opporunities presented by a weakened hospitality sector. Seems like they are looking to expand while the market is depressed in order to get better returns on new venue acquisitions going forward. This is the part requiring courage/vision/luck.
Likewise RBG may be able to make the most of a bad situation by emerging out of the pandemic alive and ready to welcome customers with a more streamlined, cost efficient business model implemented by the board. The well financed - which RBG should be thanks to its CVA and agreements with creditors and rental landlords - should do well.
Fingers crossed the vaccination programme proceeds and expands at pace and more clarity can be provided on a re-opening date to aim for.

GarryParry have a listen to the CEO explaining the RNS in his own words if it helps :)

https://www.proactiveinvestors.co.uk/companies/news/938987/tirupati-graphite-presents-progress-at-their-graphene-and-mintech-research-centre-tgmrc-in-india-938987.html

Exciting RNS. The company is doing exactly what it has set out to do and this update is very welcome. There's the graphite side of the business but also as Shishir in the RNS states, the graphene side: : "graphene and technology centre, TGMRC, as a strong, stand-alone, revenue generative division in our business model. The model is designed to catalyse the commercialisation of graphene applications by developing commercial/bulk scale manufacturing of consistent, high-quality graphene at affordable costs. With the global market for graphene forecast to reach over US$1 billion by 2023 as techno commercial bottlenecks are overcome, we intend to be a significant contributor to this growth.

The research at the new centre TGR is building could prove to have huge value implications imo as it is a centre for research so will produce innovative improvements and changes to the graphite/graphene and products TGR is able to offer. The company's strong profile employing individuals who did graphite/graphene research at the University of Manchester, the main uni for such research is important for this reason as they really know what they are doing.

This new centre (TGMRC) is composed of
GRACE - a graphite & graphene centre of excellence; and
MINTECH, a mineral processing & extractive metallurgy centre of excellence.

From the release today it looks like TGR's work to date on developing its graphene product has progressed well, essentially doubling the quality of its product when you look at the references in the RNS.
For example:
> Company's zero-chemical graphene products to consistently achieve a specific surface area of 1100 - 1200 m2/g from 400 - 500 m2/g,
> With only a 0.5 wt% addition of Tirupati's rGO, stiffness increased from 2.4 MPa to 98 MPa and the strength increased from 0.8 MPa to 3 MPa and still maintained relatively high elastomeric properties.... rGO is Reduced Graphene Oxide - In large scale operations where scientific engineers need to utilize large quantities of graphene for industrial applications such as energy storage, rGO is the most obvious solution, due to the relative ease in creating sufficient quantities of graphene to desired quality levels. Here's a good link on the topic:
https://www.graphenea.com/pages/reduced-graphene-oxide#.YAfmmen7RTY

From the RNS: With further optimisation of its unique graphene manufacturing technology, the Company has now consistently achieved a BET specific surface area of 1100 - 1200 m2/g, demonstrating new standards of quality for its graphene. This may further enhance the use of the material in various applications...this is KEY - developing the product in order to increase its world applications, and therefore sale potential will lead to higher revenue generation for the business. With the work going on and the new appointment of Dr. Matthieu Gresil (Ph.D) as advisor and consultant for market research and development i'm sure TGR will massively strengthen its graphene offering ove

Yes exactly, Shed!

Good to hear back from LR, Bricks - efficiency with costs is essential

Hi Bricks,

Through my investment in GGP as an LTH I can possibly offer something of an idea to the situation that might help with your research. At Newcrest's Telfer mine in Australia they contract out surface and mining operations to an outfit named Macmahon, which they have had re-negotiations with over rates not too recently. Perhaps this might be a model to give you a better idea of an outsourced mining operation? - I believe onsite everyone wears Newcrest clothing for example and the funds from operations go to Newcrest while Macmahon collect their fee for carrying out the operations etc. It would make sense for EUZ as an explorer/developer to bring in relevant expertise for actual physical mining at the best rates, be it outsourced or in house.

GLA

Indeed Caravan boy, this judgement is well deserved for many businesses not rewarded compensation against policies they pay premiums for to protect themselves in scenarios such as this. Will be interesting to see if and how RBG may benefit - clarity needed.
As i've said before if the company can keep cash burn down and prepare itself so it is in the best position possible to take advantage of a gradual re-opening/ Un-locking then this is a good risk play for the recovery. Still waiting on clarity for such a path forward and for the vaccine programme to continue gaining momentum.

Nice tweet this morning by TGR on the applications of Graphite with a good image reflecting the 'burgeoning' market for the material.

https://twitter.com/Tirupatiuk/status/1350014583839346689

GLA

Agree Safetrader. Good luck to us all who are in for the long run and well done to all LTH's so far!

"Mahenge natural flake graphite as a premium quality product with the exceptionally high purity and characteristics necessary for the lithium-ion battery market" and the CEO's comments on the importance these results have on the future of the company for off-take agreements and marketing purposes make this a very important update.

Big year ahead

As per my last post, the pressure on government on the vaccine rollout is very high, just like it was initially to get the number of test per day up.
On top of yesterday's news of drugs discovered to reduce the mortality rate of the virus, today the Moderna vaccine has been approved, adding to the UK's arsenal of tools to reduce the severity of the crisis and get to the point where restrictions can be eased. Good news for the UK. There is a wall of pent up demand and energy to get out and about.
Sentiment and money will drive hospitality back to better days, filling gaps where competitors once were.
We aren't there yet and there is a fair way to go but i'm optimistic. Come on UK plc!

GLA

Thanks Mercator. Think we are onto winner with these - fingers crossed ACP powers through these stages.

As if to illustrate your point, TGR just tweeted a few minutes ago - they like to communicate frequently as well as providing regulatory updates:
https://twitter.com/Tirupatiuk/status/1347131488500920320/photo/1

Hi Steve.
TGR is further along the line than ACP. TGR is in production and increasing its production capacity as the only fully vertically integrated graphite (and graphene) play on the London market I believe at the moment. Worth researching more into if you are interested.
ACP is essentially earlier stage so I would expect larger returns here provided everything runs smoothly - also across a slightly longer time frame as the company develops its assets.
Both companies are in a good position with demand for graphite growing significantly, prices rising and future supply needing to be sourced asap.

Thanks for posting the interview paris. I like graphite a lot and think companies involved in it now are at the perfect stage of the cycle as demand is really ramping up and the future supply needs to be sourced. I'm in a couple of other Graphite plays on the London market, but Blencowe I see as the best chance that i've come across to really get in at the ground floor provided all goes well with the company.

Hi Shuggy,

Good post - great to see the potential of TGR laid out like you have done with some clear figures - exactly what early investors will feel the benefits of as those goals are reached. TGR is an ambitious company with an ambitious and invested management - the next few years with a rising graphite price, rising demand and rising output of TGR will see us do well here.

ATB
Glengarth