Member Info for Glengarth

Significant policy moves in the EU underway as well that will benefit SAV even more imo too

https://twitter.com/Alastai85608932/status/1681582363581509633?s=20

Evidently it will be quite soon given the 4 month deadline meaning end of July ,and today's tweet by the Company suggests the same imo:

https://twitter.com/Tirupatiuk/status/1681572549077901312?s=20

Company building a serious asset base now, up to 6,000bopd

Angola also clearly see the advantage of having a specialist team building a base there with Sonangol supporting this transaction by reducing its interest terms.

Also on effective dates:

INA - deal complete - September 2021 effective date, from memory?

Sonangol (big one) - remains from April 2022

Azule (new additional 1,500bopd) - from October 2022

Serious advantages with combination:

Combined Acquisitions - material equity in both Block 3/05 (30%) and Block 3/05A (21.33%)1

o Net 2P reserves of approx. 32 mmbbls and net 2C resources of approx. 20 mmbbls3

o Production of approx. 6,000 bbl/d net (including production from Block 3/05A)

o Increased exposure to significant upside potential:

§ Improved recovery from over 3 billion bbls of OIIP in Block 3/05

§ Development of multiple fully appraised discoveries in Block 3/05A

o Decommissioning costs to date have been pre-funded by previous and existing JV partners

All using debt funding from Mauritius Commercial Bank and Trafigura that was already in place. Boom, what's not to like - looking forward to the presentation for more info.

GLA

Very well done Dale! - imagine the project will attract some serious players for the material as well as some serious talent for mine development

GLA

Ah I see - thanks Trek for clarifying, atb.

Trek, did you read the unaudited annual results to March 2023? they show gross margins rose back up to 47% - this implies the gross margin in H2 was significantly over 50%!

Caveats too.

GLA!

Strong indication of demand - easily Europe’s most promising and importantly CONVENTIONAL hard rock Lithium spodumene project without any committed offtake yet - so much to play for.

GLA

Mining takes a long time - but TGR has gone faster and made more progress than basically any other ex-China Graphite company since 2017 and being listed has been one of the main reasons it has been able to do so, alongside a strong business model with a modular development approach designed and executed by the founders and management team - TGR is a rare business that does what it says, overcomes hurdles it faces through innovation - it isn't instantaneous, but look across industry which is littered with massive delays and cost blowouts, TG is a welcome break on that front.

Value is achieved over time and TGR is on the cusp of recognising it at the scale it has achieves thanks to sensible investments and cost discipline - just look at many other companies with massive boards and costs through the roof yet no actual progress on the ground. Many of those projects remain at least 2 years from production. If sales are ramping up then very happy days ahead.

BAT knows this and saw the opportunity that TGR has given that is has massive experience in actually doing business in the Graphite world. Perspective required!

GLA

Looks v good imo!

Building on Madagascar's progress looks like a great move, and mention of more customer qualification going on.

GLA

Only meant to build on your reply - was meant for Astro.

Savannah has a massive amount of uncommited Lithium spodumene just waiting to be secured by an offtaker. I could imagine a deal very similar to ALL's with PLL could be on the cards for 50% of it, however, on slightly better terms for SAV owing to location etc.

GLA

It enhances the visibility of the need to diversify supply chains away from China.

China is the largest graphite producer globally and dominates over 90% (close to 100%) of further downstream processing of graphite in order to produce anode material for electric vehicle batteries. I'd say it does have something to do TGR, as one of the largest ex-China sources of Graphite in production globally right now, many customers will be looking to diversify outside of China for supply asap and TGR should be sitting right at the top of the very small available list of producers.

GLA

Will be sensational if and when the Company releases an announcement showing where its going - some people who have done research see it clearly, just look at the trend from results and what happens at the guided production figures.

No point giving air to those who refuse to engage with research and clear indicators in results imo or even try to do maths at 30,000tpa or c.6,000MTs a quarter....

GLA

Some are focussed on the fact TGR has been building capacities and obviously investing in itself so that it is now positioned as one of the top 3 largest global producers outside China and the cash that has taken up. That's fine.

But, lol if you are still focussed on that and can't see based on the unaudited trading results released for the year just gone where TGR sold c. 4,000MTs, what happens to the bottom line now where TG is selling easily over 2,000MTs a quarter and has targeted over 6,000MTs a quarter from this quarter about to end (April to June) now it does not have to invest in capacity as it has reached 30,000tpa.

If you aren't focussing on that story then you are looking in the wrong direction imo! The benefits of being a current producer in this market will become apparent as others struggle to secure finance and as TG hoovers up market share early.

GLA

Unsure, but I think the more exciting question is who is in a position to serve the growing markets outside China!

https://twitter.com/Tirupatiuk/status/1673938314339012612?s=20

GLA

Https://twitter.com/tirupatiuk/status/1671760426990997505?s=46&t=Kd9oN7lEXrwqvOg2hyHmPg

Interesting tweet

GLA

Looks ready to pop and about time imo given huge progress. 5p goes then where do we end up? Much higher is my suspicion

GLA

Excellent to see - investors now beginning to pay attention - such a long way to go and we are essentially at the start of the journey with no serious swing up yet had - all to play for as soon as we start to get those next big ticket news items come through. Based in Western Europe, don't be surprised to be surprised imo, there's a reason DF wanted this study out ASAP imo.

GLA

Not sure astro but looking very good on the chart and company is at its most significant stage so far as discussed before. Q2 figures hold the key and I expect given many comments on here and Twitter etc there are many people looking at entering and waiting good news. TGR operating extremely well per the last set of results, and have indicated strong guidance for the next period, just use your own eyes imo and do your own research!

GLA

As we progress through the year now many will be looking forward to the next updates from the company. Certainly lots to hear about, from Madagascar, Mozambique etc.

Some good buying toward the close, as we reach the end of the first quarter of this new FY. As mentioned before, if TGR is able to deliver anywhere near its targets this quarter and indicates similar continued guidance for rest of year performance this will be huge for TGR's journey.

GLA