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Wow fair play on over delivering on the fundraise, must be investors who like what they see in the new team and potential of the business.

Solid for Rio I think, access to these commodities to benefit while demand growing rapidly

Hmmm with the severe liabilities faced by the company it seems unlikely your MESF deal would have been enough, Saluc. CLN agreements probably Would have been impossible to negotiate, trade creditor repayments probably would have resulted in a winding up order, huge prepaid orders not honoured (says a lot about what sort of people were running the ship, extending all possible lines of credit and trust to breaking point for their own ends) the same, and massively delayed accounts, all together look as though would have sunk the company as would have sucked up most of that MESF money! How can we also believe that deal was real? It must have been crooked in some way as it hasn’t been followed through on. And the previous CEO could have run off and/or bought TGR out of administration (perhaps the goal all along hence the reward of shares to himself?) likelihood for pennies whilst killing all shareholders completely.

Seems to me the last CEO didn’t raise at higher levels because it would have potentially involved requirements for more transparency & oversight and/or himself being diluted, the fundamental issue all along!

Looks like the new team has a solid plan and is working well - and fast by all accounts. Also appreciated is the much improved transparency. Might consider investing more at this rate.

Ok so a clean house, what’s next?

Good to see new CEO at site again, some good oversight for operations surely. A lot of other graphite companies are flailing, could this one actually do well given the assets (and don’t forget Mozambique!) and high caliber team?

Fingers crossed!

Looking quite strong here. Portugal could be onto a winner. Still holding strong.

I’d have been surprised if they would have been able to use all of that. Look how much the creditors amount to and there’s the issue of the CLN that’s was due in January. Fat chance the previous leadership would have achieved agreement of the CLN holders to do what’s necessary when the leadership they had put their faith in had seemingly killed the company. And could the creditors have been kept happy considering their debts owed to them with Shishir Poddar still at the helm? Unlikely. So actually your point is moot, Saluc as that sovereign fund money would have been out the door as soon as it arrived and the company would be needing more money and in an even worse position again in a month’s time. Receiving that money probably would have resulted in the fund not getting its material delivered and the company put even further at risk, the company was already $1.2m behind on deliveries from the RNS.

Good going by the new board in tough circumstances: the company has a path forward, and has taken some hard decisions, and now conflicts of interest are seemingly all but removed. Hopefully the service provider does not continue to act as badly as it has by the sound of it (that answers the question on the delayed accounts, wtf!).

Well I think this is the icing on the cake. Evidently there’s been some poor conduct or behaviour and the directors have said enough is enough. I’m reading the articles now to see under which one they’ve used to remove Poddar.

What a long way this company has come. Great to see the new board not hanging around. I think some clever work has taken place to save this company. Onwards and upwards? I’ve been saying it’s a pretty strong time for a graphite company that can get it right, why not this one if it has the team, transparency and competence it needs now?

Wow.

Evidently the new Board aren’t letting the Shishir charade continue anymore. Will be interesting and I wonder what’s happened.

Saluc, sounds like a connected party indeed. I was adamantly against the requisition but I’m very for this. Evidently there’s a competent team in place now. Evidently the prior board, chairman included, weren’t up to the job and they had their chance.

Things are looking up.

Great RNS. New CFO (looks like a big hitter) and the new CEO is already in Madagascar!

Amazing how fast things happen when the exec team are people who want them to/are able to make them happen.

I voted against the resolutions at the requisition because the Board at the time seemed adamant and confident so was willing to give them the time they needed to see through whatever they were confident about. I’d very much vote for the new Board structure as of today.

I expect something changed, and in relatively quick order in November as that’s when change started. The exec director resigned. Followed by the appointments of the new directors. Followed by the new chairman & CEO, and demotions of the NEC and CEO. I wonder what happened as clearly the NEC and CEO were going wrong. Was the MESF a spoof? Has the “financial adviser” done anything btw?

Given where timelines and financing or lack thereof were taking the company I’m happy with the new Board and appointments as it would probably be headed under with Shishir and Lynch-Bell in their positions. Return of old faces suggest there’s a solid business opportunity but that what is required is a sensible Board to deliver it. People need to get over their ego!

Here we go, many of us feeling relieved this evening. New Chairman, new co-CEO. New feel Board. New feel Company. Really beginning to look like a serious organisation.

Yes time wasted but not lost: the company is still well well advanced versus its peers globally. Good to see the return of old faces. I wonder what the dynamic is like behind the scenes. Shareholder interests look as though they are being considered finally.

Looks like a decent board now assembled. They could actually do this!?

27 December. The CEO has really messed up. The Chairman? Seems not to have done anything at all.

All that can be done is hope something of a plan is in the works. Ironically actually looks like a very strong environment for an ex-China graphite producer if it was financed and producing at good levels. Perhaps it could still yet. At what cost who knows but better to keep the company alive with some sort of salvage plan that provides a path forward and growth, otherwise there’s nothing left. What a mess. Either way not long left to find out what will happen.

In fairness none of us know what was going on behind the scenes at the time of the last requisition.

Why did the Board so adamantly fight against it? Why did someone like Michael join unless there was a reason? Why did Alistair resign recently unless there was a reason? Why have new NEDs now joined the Board that previously had a major falling out with the Poddars at TG unless there was a reason? Who is the new NED in the picture? Why has Puruvi now resigned?

None of us know what’s going on behind the scenes now. What will the Company do next?!

Sensational announcement, some hope at last. I hope there is time enough left to sort this out - huge bounce possible if it relists!

10th December. What the hell is happening here.

Bounce ahead methinks

Not bad but does suggest funds increasingly limited. Cash injection to be by raising or something else?

Jeez this waiting is agony. Feel like we are going to lose it all. My patience has pretty much run out here. And how long can a company remain suspended for 5/6 months?