Member Info for Glengarth

Tremendous value opportunity here imo

Precisely - just look at Renascor's study published this week and their costs - compared that with what TGR could likely achieve based on expenditure to date - the fantastic thing for TGR now is it has an operating project that will benefit massively for arrangements for future expansions in Mozambique or Madagascar, and help develop markets etc

https://twitter.com/Alastai85608932/status/1689151215676874752?s=20

Tremendous value opportunity for investors at this level imo as the company is passing this critical point

GLA

Excellent analysis

Boom - expect more news to follow that sounds strong!

· The Company has significantly benefitted from its leadership team's decades of experience in and reputation in the sector, helping to secure a growing order book and sales

· As a result, Tirupati is now holding and executing annual orders with average monthly volumes of c.1200 tons, in addition to various short-term and spot orders it receives on a regular basis

· The order book aligns with the Company's market development strategy and production estimates allowing optimisation of working capital

· Given the strong sales and revenue performance during FY24 to date, we expect to exceed the production and sales revenue achieved in the full year FY23 (FY23 £2.89m) before the end of August

· In the meantime, the Company continues to engage in securing non-dilutive working capital arrangements to improve cash resources on the back of its strongly improving performance and order book - mega news!

GLA

GLA

Excellent

Can’t wait to see what Dale has up his sleeve.

Great raise recently, sounds like majors are clamouring for our domestic European material

And that reason was laid at the feet of the auditors - the auditors requested additional time per the temporary suspension RNS - they messed up their timings imo

The suspension remains because of a ‘process’ issue according to Shishir’s most recent interview - bizarre fear mongering by some (with ulterior motives?).

Going by the financial results and the trends they contain I think this will be a very good FY for the company - let’s see what they deliver!

GLA

Pretty excellent results, not hard to identify trends that will mean we can expect similar growth figures for headline financials for this FY, and it’s a credit to the company and a clear indication of strength they have sustained and grown operations since March. Reminder of result highlight for the last year:

- revenue up 76%

- Production up of 59%

- Gross Profit up167%

- Gross Margins 47%

Sievco made a good post on 3rd August, will continue to repost:

Of 13 negative posts on here from people who claim to support the company. Do such posters always talk down their investments? 

TGR has to balance rapid expansion against cashflow in the short term. The family that run it have got the company to the point where it is positioned to be one of the largest ex-China providers of a resource for which demand is likely to explode in the coming years. They might not do things they way big institutions would but they are hardly a bunch of clueless amateurs. At worst, they may need to raise some cash at some point. They have a compelling case to raise cash if they need to. 

This is not a lifestyle company drilling holes in the ground. It has a huge resources of a massively in demand commodity. It is beginning to realise that resource and rapidly expanding sales. The principals behind the company hold large percentages of the share capital so don't want to be diluted any more than the rest of us do. They have been pretty canny at avoiding that so far and I expect they will continue to seek to grow the business organically as much as possible. That would be good news for small shareholders with any degree of patience. 

I can't help but think that some of the criticism of the Poddars comes from the fact that there are those out there who don't like so many of the shares in a company with such massive potential being in the sticky hands of a single family, as they would like a larger slice of the pie for themselves. Well....tough

Fantastic interview, looking forward to next updates

Placed Twitter link as saw others were being *******’d

https://twitter.com/tirupatiuk/status/1687372547493367808?s=46&t=Kd9oN7lEXrwqvOg2hyHmPg

Exactly plaza - time is passing, sales are increasing, development of the company about to go up another leg.

Quite excited for the next couple of quarters! looking at a 267% increase in sales for this year FY24 as a base case if the company continues quarterly sales minimums of 2,772MTs, which is evident is trending upward.

GLA!

GLA

The link the company tweeted takes you to the page with the AR on to download:

https://twitter.com/Tirupatiuk/status/1686982348292739072?s=20

*FY24

Looking very good - in what was a challenging year for the company in the first half, dealing with that, capacity installation completions and start of ramp up and in reference to the other poster's underwhelming (Beev I think) I'm pretty impressed the EBITDA loss has fallen by 34% in the year just gone.

Based on that alone, but also Andii's comment below, when looking at the sales for Q1 already and the fact capex is all done for current capacities I think we will be very happy with this year FY23!

GLA

Solid results - some very good trends in the numbers that will continue to grow as the ramp up progresses - excited to see significant sales growth already in Q1. This is going to be a very significant year in TGR's journey imo.

Suspension will lift, and be announced in due course am sure, and delayed results were evidently a storm in a teacup as suggested widely, with some technical/trivial last-minute matters.

Looking very good - and we are yet to hear the Moz plans and the downstream plans, in the interim the primary operation is shaping up very nicely - 30,000tpa puts the company us a top 3 ex-China producer, an enviable position to be in and carries early mover advantages imo.

GLA

Thought i'd post this here - the company tweet over an hour ago:

https://twitter.com/Tirupatiuk/status/1686289019116613632?s=20

Or a simple failure of the auditor to meet their planned timetable due to poor planning execution, take your pick.

Just patiently waiting.

Interesting article

Yawn, always some here keen to knock the company for one reason or another - as far as I know there’s no obligation to report on a quarterly basis, but its been hinted that we’d get an update for how operations have over the previous periods - if not a “quarterly” result (which I don’t think has been promised) then some sort of operational update like we’ve seen before.

I want to see rising production, rising sales, similar or improved margins and signals that sales are going to keep climbing to capacity so we can get on and continue production capacity expansions in Madagascar/Mozambique.

GLA

The difference between almost any Lithium project globally, not just the other Portugal project mentioned in the article, compared to SAV is the extent and length to which SAV has gone to prove itself as a reliable partner, jumping through every hoop and accepting a longer timeframe for its documentation recently approved.

SAV genuinely wants to develop this in a sustainable way, sharing benefits with local and being a proper steward of the land of its project.

From what I know of the other project there were significant claims of 'un-professionalism' levelled against them and inaccurate or incomplete documentation submitted by them on several occasions, as well as a lack of public consultation with the local communities.

SAV is a leader in its field with that respect, and hopefully will be a leader in the field of domestic European Lithium production soon.

GLA