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I still remain a shareholder.
I thought the share price could not go any lower.
My predicament is only made a little better by knowing that at the last fundraise Shishir subscribed at 11p!
The London Stock Exchange has issued it's judgement on the current state of TGR.
Perhaps if shishir didn't want that judgement then he should have floated on the Mumbai SE or remained private.
Ho hum. I offer no suggestions at all. DYOR.
I am still a shareholder and the SP is even lower.
I have noticed that today Woodbois on AIM has said it will be divesting its assets in Cabo Delgado, Mozambique citing heightened "Geo- political risk" with other reasons. I highlight this because the TGR assets in Mozambique are located in Cabo Delgado region. Just another issue to worry about. I offer no suggestions at all. DYOR.
I am still a long suffering shareholder.
Some folk here have a much better understanding of TGR and it's own goals which result in the London Stock exchange valuing it's shares at 5p. So I like reading most of the comments here , Harchris etc, but I read a lot and want to challenge the latest RNS, I am sure long term there is significant demand for graphite, but from what I am reading in the financial papers there is a problem in the short and medium term.
The subject is EV transition and it appears to be slow. Mercedes Benz are cutting back on EV production and increasing Internal Combustion engine production, same with VW group and Toyota. In the US Ford Motor EV in 2023 made a loss of $4.7 billion and has described the EV as a niche market cutting production and making redundancies so I think this must be depressing all miners in this space. Just something to think about. DYOR.
I am still a TGR shareholder.
If the question is how do you improve corporate governance at TGR then the answer is most certainly not, I repeat NOT to promote to the board your daughter and a middle ranking employee. As a shareholder I will wait until the AGM and will vote against these proposals, against the appointment of current accountants and against anything which prolongs my agony. How many red flags can you spot?
Regretably I still remain a shareholder.
If Shishir didn't realise what a LSE Main market quote involved he is quickly becoming familiar with a declining share price. Rather than improving corporate governance and the finance function he has presided over a worsening situation. NEDs resigning and declining effective communication. The market has already issued it's own judgement, that TGR is a basket case. And I still own a part of this basket. I don't have an opinion.
Time and Time again TGR said that it would not issue equity at the present share price to avoid dilution. Now we see an equity raise at 11p. I am still a shareholder and believe in the potential here. But do I trust the BOD? It is clear to me and apparently Shard Capital that TGR lacks a Finance function to provide feedback to a Chairman who understands Graphite but not Finance. He needs to address this PDFQ. As a shareholder my patience is wearing thin. These own goals need to stop.
I have been an OMG shareholder since 2008. At present I am showing a positive return. I continue to hold and believe that the OMG has a bright future. For a company trading profitably , no debt and net cash of over £60 million I continue to believe that the market undervalues its prospects. However my brokers, Interactive Investors this year include OMG in it's 5 Aim shares for 2024. That only confirms my confidence. DYOR. Have a good evening.
I am a long term holder of TGR and have followed since Dec 2020. To improve the profile of the company Shishir needs to look at the governance of TGR. He obviously knows mining and his achievements there are impressive. However, since the float the company has struggled to prepare accounts on time and has either filed on the last permissable day or as we know requested a suspension. So Shishir needs to do the following, split the role of Chairman and CEO, appoint a non executive chairman, appoint 2 non executive directors, if the accountants cannot prepare the accounts on time replace them, same with the CFO. In time reduce the family shareholding which stands at over 40%. If they acquire the indian assets then that shareholding will rise to just over 50% ( when getting shareholders approval for that failed transaction they got dispensation from the FCA not to have to bid for all outstanding shares) These are all my opinions and I think would help sooth some of the concerns in the market. DYOR.
Some Posts have mentioned market communications and timings. We were told by TGR that the extended deadline for the Suni acquisition was the 31st March 2023. We have missed that deadline and have not been updated via a Market Com, I suspect that we will have news this week so the acquisition and the issue of shares will be in financial year 23/24. However Shishir needs to be more forthcoming to build a better, stronger share price. There is no better example of this than the very late publication of last years results, for the year ended March 2022 we didn't get those results until the 30th September 2022, the last permissible day under main market rules. Those results are also ancient history and almost irrelevant. If the new Finance director and the existing accountants can't produce those figures after 3 - 4 months after year end then they should employ those who can produce those numbers. More to do Shishir.
I am new to this thread but am a fairly established TGR shareholder whose holding is currently in the red. I am happy to hold. There have been questions asked about the Suni acquisition and I will add my thoughts. Shishir and the board have been rightly concentrating on developing the Madagascan assets. I thought that the significant delays in Suni completion were the difficult negotiations with the government of Mozambique, which they were but I also think TGR didn't want to complete until the end of it's financial year on the 31st March 2023. Resources were aimed squarely at Madagascar. I expect the Suni acquisition to complete at the end of this week so development of the Montepuez Suni asset can start almost immediately. As far as the issuing of shares are concerned to satisfy the A$9.75 million Shishir has been quite clever, if I have read correctly he intends to issue two tranches of shares to Battery Minerals , one on completion and the next 6 or 8 months later to take advantage of a hopefully rising share price. Battery is then locked in for 6 months and an orderly disposal if decided. I am happy with where we are shareholders but realise that any companies with a market quote that are not profitable are being punished. When updating the market for the full year ended March 23 I expect a rerating.