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Thanks both appreciate the response.
The Green aspect is definitely an important reason I’m invested here at TGR. I’m just trying to consider investment time horizons and when the next ‘disrupter’ will come in to play any time soon. It seems that there isn’t anything tangible coming from bio-graphite just yet then. I wonder what/if it will look like in the future !
Cheers
I’ve been reading up more on how green energy companies are beginning to synthesize graphite from greenhouse gases (Carbon dioxide). “Bio-graphite” and such.
I’m interested to know a bit more about this, the kind of scale we are looking at (whether it’s disruptive?) and it’s uses. Does anyone recall TGR touching on any of this during any of their conference calls?
AI12 I received that email on the 12th and Sheshir has CC’d in other members of the board (Rajesh, Puruvi etc). I was grateful for the response as it was clearly a long and well
Thought out email, but it still gave no explanation for this drop. As you say, this isn’t an AIM share and yet there is a feeling as if we are about to see an RNS which isn’t good.
My options are to trust the board, my research and I’m reading price/demand of graphite. Or sell at a loss because there could be an RNS and the board could have lied to me. It’s not great but I have to keep a local head
OAPK20 if you don’t have anything useful to say then please refrain from replying to my posts. I don’t have time to write made up messages from companies, if you’re that concerned then why don’t you email them yourself. Perhaps in future you would prefer that I didn’t share this information.
Hi all,
Thought I would share a response I received from Shishir.
Interested to know everyone’s thoughts on this.
At first please accept our gratitude for being a shareholder (I presume you are). Also, please see our maiden Sustainability Report prepared under GRI standards in this link : https://tirupatigraphite.co.uk/images/Sustainability%20Report%2021.pdf - This report is authored by our Chief of Corporate and Business Development, thus another in a string of activities where we believe in developing in house capabilities to minimise costs, with assistance from specialist advisors. We remain firm on our journey with the goal of developing TG to a world leader in flake graphite and graphene, leaving no stone unturned and traversing the plan.
With respect to the points in your email in trail:
1. There is no doubt that the fall in share price is concerning.
2. We see a misconception that we have recently acquired another company from the founder family - this is not true. No new acquisition has been made. The listing prospectus and the circular, which both have the approval of the respective regulators, provide all details in this respect. If you would like to see the documents - please feel free and we can share.
3. As a matter of fact, we entered into an agreement for acquisition of Tirupati Speciality Graphite Pvt Ltd. (TSG) in 2018, in a swap of shares deal, TSG being the company developing the downstream graphite and advanced materials, and located in India. This was considered most logical for us to achieve the fully integrated concept. The then Independent Directors on the Board, whom I have copied, negotiated the acquisition on our behalf.
4. The completion of this acquisition is subject to certain regulatory approvals, which could be obtained post admission, for reasons explained in detail in the documents above referred.
5. Post admission, the holdings of the concert party as identified by the panel, fell below the 50% mark, in the range of 30-50%. Under the City Code accordingly, we were advised by Bird & Bird our advisors, that for issue of the consideration shares under this acquisition agreement of 2018, a white wash is necessitated. This is what we sought independent shareholders approval for.
6. As far as the warrants or share holdings by the Board are concerned, we can confirm that we have not been advised of any disposal of holdings of any form, equity or warrants, held by the Board members.
In conclusion, we will like to assure you and every shareholder of TG, your board and management are and will always stand rock solid for developing the vision we have for the company, thus creating sustainable for shareholders and stakeholders. The primary consideration we have in our decision taking process is the interest of the company, and thus our shareholders, maintaining a balanced and fair approach towards our ecosystem.
Another drop. Would like to see the board address this personally. From reading here it seems there is a lack of trust which is building as a result of the family ownership. TGR have been great at posting about the company prospects and developments but haven’t spoke much about the continued drop in SP. if 72p breaks then I’m concerned about where this goes to.
A real shame the recent excellent news flow coincided with a wider market sell off. If 100 doesn’t hold then sadly I can see the retrace back to 92p ish. I did take some more at 103 but will be holding some in reserve for this possibility.
Aside from the SP I’m struggling to see any negatives of TGR at the moment. Looking forward to watching the journey to mid-cap status :)
I guess this is what it feels like to be in before the crowd.
It’s going to take a bit of patience but the RNS yesterday has de-risked this stock even further.
Hopefully will start to get some recognition from the big buyers soon.
GLA
Lankylad that’s definitely the way I interpret it. Let’s hope so as if the listing also comes off then we could also get food volume and start to see a rise in the SP again.
Glengarth I haven’t really had chance to look in to the battery minerals overall market view on the acquisition. Would be interested to see if there’s any hints as to whether the transaction will progress !
For those of you interested I had the following response from the team
“ Thank you for your email.
Yes, we started the commissioning of the plant towards the end of Q2 2021. Please refer to our following announcement:
https://ir.wrendesign.agency/tirupati/regulatory-news/news/46
The shipping timelines doubled over the last few months, however, the process of commissioning is ongoing and you will hear from us very soon.
On the other hand, in case you may have missed, we have entered into a binding agreement for a huge acquisition. We also recently announced our results, the annual report and sustainability report coming soon!
https://tirupatigraphite.co.uk/corporate-news-documents/”
Appreciate they can’t tell us too much so nothing new here really, but once again a fantastic show from the team in providing quick answers to shareholder questions.
Completely agree with your points there Glengarth. The positive Twitter posts only go so far and given the industry they’re in I’m more than happy to exercise a bit of patience. However as one of my biggest holdings I just hope they turn out to be the real deal and stick to their optimistic promises. Good luck all!
Yeah apologies I was referring to the issue price to battery metals. Genghis I think you’re probably right, a good point on the wording and probably the only criticism of the people at the top - filling social media with positivity is great in the short term but investors need a reassuring RNS to back that up. I think as a whole the last RNS did that, but it’s a very valid point about a further raise. I have an average of just under £1 so will start to top up around then if I can. Surely a gap fill to 91p would be a bit overdone!? But who knows!