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I really do get your point but I do think the fact that production and revenue hugely increased will have more weight than capacity not increasing. Got to remember a lot of work went on at the sites, ex management and broker were really impressed what has been achieved.

It seems I’m more open to a placing than Shishir is, but as I remember he came across fairly confident in the most recent Q+A about funding being secured.

And I’m glad that you mention that revenue is obviously relevant (although some disagree). As revenue has increased greatly YoY, increasing this year by just under 70% even with subdued Graphite prices.

Re reading yesterdays RNS’s I would argue TGR is on track to reach its goals by mid 2030 providing funding is secured.

Also going back to the full year results I will note again that TGR has it had £1.2Mil in inventory and also over £600K in trade receivables. So I’m not too sure how your estimate of Q1 revenue came to £750K

“ The Company anticipates to re-invest its organic internal cashflows for the required investment beyond 2026 and is in the process of progressing strategic discussions for facilitating the first modular steps of this development strategy.”

Fairdealer not sure you’re following the conversation, revenue is relevant as from my understanding it will be used to finance future modules from 2026.

Remember even at this level of the TGR pulled in just under £5Mil in revenue FY24

So you did, I missed that one. Ramp up work and “de bottlenecking” but capacity didn’t increase FY24

Maybe I got confused with production values, which have increased YoY but I will double check

Has it not?

“Gross profit for FY24 remained positive, the fourth year in succession”

Yep different sector I know but was painful listening to the HE1 board talking about dilution, the market reacted accordingly.

I think most here are expecting a placing in the future, although it does seem to pain Shishir at this current price and it seems as if he will avoid it at all cost if possible.

And I won’t understate how important it is to be producing like you keep saying, but to me at this stage the most crucial aspect is capacity growth. And the “ incompetent” Shishir and his team has delivered this YoY and now as of today we have a clear plan outlying future growth, ready for the Graphite deficit that is forecasted.

While all of that is true it is important to remember that what TGR has achieved has been without securing long term debt, and it’s key to note this was intentional. Up until now the company has grown YoY without needing long term debt, now we are at the next stage and that is why financing is being aggressively perused.

Since the company was founded and without long term debt the company has built 2 up and running plants. Infrastructure and hydropower plants, the list goes on. While HarChris mentions paying off debt in shares, he fails to mention that the same year TGR acquired the Suni Projects, greatly increasing Asset value while paying in cash and shares what management believed to be a “ bargain”.

I do hope people are not investing based on the comments in this forum, but for you to say TGR is unlikely to ever secure funding is your opinion.

The new chairman obviously disagrees with you other wise he wouldn’t have put his neck on the line, the company (as far as I am aware) have never set out to secure large long term financing so this really is the next stage. I don’t think TGR’s survival depends on it but to reach Shishir’s ambitions targets it is crucial yes.

Rampers ramp that’s what they do.

I think you you and I both know what the current production rate is, either low or very low. He hasn’t hid away from that fact in recent RNS’s that operating leaves are intermittent until funding is secured.

Now what would happen if he released those figures? The SP will take a hit, is that more or less likely to help us secure funding.

Now I’m not sure why you’re suddenly part of this morality police but I’d like Shishir’s first priority to get us out of trouble not dig deeper by giving you the (possibly) negative results.

Yes you’re right I just couldn’t resist I mean no offence just remember that.

It’s just frustrating to see the market demanding to be kept updated among other things, then once they do the goalposts move again and people are still complaining, Rome wasn’t built in a day and this company is trying to turn things around.

Todays RNS was straight shooting, we have a clear timeline with an estimated cost.

And don’t mind HarChris, he lost his patience and sold at a big loss, he forgot this has always been a long term play but got sucked in on the Graphite hype. If they found gold instead of graphite at Mozambique he would still complain :)

Clear plan with an estimated cost. I thought this was one of the most straight shooting RNS from TGR so far.

Interesting to see that the first Mozambique project for 50,000 capacity is only estimated to take 13 months to build, and finance pending work will start next January.

Crocqman you called it spot on the other day, being a pessimist I was expecting the same today. Strongish finish to the day, hopefully news this week or early next.

Now this is complete speculation, but the last time we had a rise like this without news was just before the announcement of the chairman.

Could news be incoming regarding funding or a CFO, I doubt it but I hope so 🤞

Oh yes completely agree HarChris, if they believe TGR is a sinking ship as they do desperately tried to make shareholders believe, they would surely be getting out at the earliest opportunity.

Doesn’t look like it at the minute anyway.