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Morning all, does anyone have any or links or TradingView tickers to track the price of Graphite?
Information from Tirupati Graphite plc's update on its operations and financial performance for H1 FY24 is generally positive. Here's a summary of the key positive and negative aspects:
Positive Points:
Significant Improvement in Performance: H1 FY24 has seen a substantial improvement in the company's performance compared to the prior year, with production up 160% and revenues up 170%.
Operational Optimization: The company has successfully addressed bottlenecks in mining and processing activities, improved road infrastructure, and enhanced personnel training for more efficient operations.
Consistent Operations: Operations at the mine and plant have been running consistently since the start of Q3 FY24.
Production Rate: Despite lower head grades than initially designed for, the company has achieved a consistent production rate of about 50% of rated capacity.
Future Expansion Plans: The company is considering steps to increase ore feed beyond 2,400 tons per operating day and set up additional new preconcentrate units to exploit more of its plant capacity.
Financial Initiatives: The company has initiated engagements to obtain institutional debt finance to meet its development and working capital requirements.
Growth in Sales and Revenues: There has been a substantial growth in production, sales, and revenues, despite working capital constraints.
Renewable Energy Initiatives: The company has successfully stabilized a 100 KW hydro power plant, and plans for an additional 500 KW plant are in progress, which will contribute to cost savings and appeal to ESG-conscious customers.
Positive Outlook: The company is confident in its business strategy and anticipates further opportunities in the future, emphasizing growth and addressing the subdued share of the company.
Negative Points:
Working Capital Constraints: The company has been constrained by working capital limitations, which have adversely affected its growth.
Price Realization: The price realized for the products remained relatively similar to the previous year, which may indicate challenges in realizing higher market prices.
In summary, the update reflects a positive outlook for Tirupati Graphite plc, with significant improvements in production and revenues. However, the company is facing working capital constraints that are hindering its growth. Nevertheless, the company is actively seeking debt financing and is optimistic about the future, especially considering the expected increase in demand for graphite.
Rick123, I think you're deluded and got caught out by this pump and dump. I can bet you your life savings this does not turn blue in a few hours. This is purely a pump and dump in full force.
I think we might see a bounce off this double bottom
I'm still heartbroken that spike Wednesday night came back down in time for the Markets to open
Agree it looks overbought but I don't think we will see this drop back. We have strong resistance which is suggestion this can go higher. Looking at previous trends it drops 2% / 5% and people already buying them small dips. Not one to be out of over the weekend with license news fast approaching. GLA
Apologies for the irrelevant post but what website do most people use for live data?
Complete opposite, more of a chance to buy..
Freed up some funds so I can add more here tomorrow morning, got a good feeling about tomorrow..
100% agree with this, MXC share price will be higher than KNB's within 6 months, possibly 3 months
Wouldn't be surprised if this rollercoaster ended up blue! HA
Unfortunately these buys are all for peanuts
Why do people keep blaming the MM's, if everyone is selling you can't expect them to raise the bid
Out of interest.. who do you trade through?
For sure, it has legs but no f**ker will let her run
Right on cue
The day traders will be back soon to pump up the price so nobody worry
That was your dip bro, hope you made it in time
Shocked that there are so many people selling, I have bee trying for 30 mins with no luck
Is this likely to get any news before the RTO announcement?