The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I’m regretting selling the slice I had at 14p for 17p yesterday.
Dynamics totally changed now…. This share had 2 issues 1. Working capital funding 2. Ability to ramp up to full potential. Both issues will be solved through the China ban. Companies who need graphite will be told by TGR that we have loads of it in the ground “but here’s what we need from you for us to get it out the ground…” sellers market.
Absolutely no reason for this to be valued at 75p and that is based on 30k tonnes. Imagine if some big player decides they want to fund us to the 80k potential….
I can see the SP having a really good run now. I think a series of positive bits of news will come alongside the momentum of graphite. Issue will be profit takers who got in so cheap but hopefully not enough to ruin momentum.
This mornings RNS for most companies woudl read so positively but because our chairman and CEO has such a compulsive habit of declaring unachievable targets it is tarnished by the cloud of those being missed.
Good news re debt finance vs equity thereby quelling dilution fears. Problem is that missing targets becomes more serious when you have loans to repay…..
The mistake you are making here is basing any investment decisions off an anonymous forum. Fine to gauge sentiment or to allow comments to trigger further research or even to use just vent frustration/excitement with fellow investors but that should be the limit of how to use a forum like this one.
I do agree Harchris that there will likely be an upwards momentum until next updates (which will either multiply that momentum or reverse it). One potential hold back will be all the people who Bought BATs shares cheaply at or around 15p… even 18p offers a 20% profit and those. It as wedded to the TGR story will take that and run…. Aside from that I don’t see any other reason to sell pre update.
I am just watching the presentation.
The Minimum Guarantee payments have definitely hurt us and the fact that we are rid of 75% of those by Q4 and 90% by January is huge...
Winds of fortune can blow both ways. The comment made would have been valid and useful when people were paying £10 a share in the good times. SP is now priced for very poor fortune winds and a change in those winds combined with the improved contracts could go the other way very quickly.... Key is when it gets back to peak SP's is to remember the "Winds of fortune" comments and sell then!
Wondering if he is still a holder.
Hasn’t taken report down which I would expect him to do if he didn’t still believe in the contents but also has not commented on #TGR for months despite the volatility and some requests on Twitter I have seen from him to do so…. He did say he was taking one of those face to face meetings with Shishir and would comment after but he then didn’t.
Obviously obligation to comment although it is what his following and reasons for being on Twitter is there for.
You can also invent narrative to support either a bullish or bearish opinion as to the silence. E.g I don’t think he comments whilst he is buying I think he comments when he has stopped buying (and more sceptical people would say “selling”)
Genuine question…. If the rivers can no longer accommodate boats (as seems to be the case) does PTALs sales drop to zero or do we have a base amount that does not rely on rivers? If so what is that base level? Thanks
Exactly.
I have consistently said on this board that I would much prefer we concentrate on being a boring graphite producer growing to 80k+ per year and throwing off free cash flow before we even start to refocus on downstream mergers etc.
The boost in SP TGR got back when we all got excited by collaborations with Rolls Royce etc was at a time when a small Mcap company only had to RNS that their dog had farted in order to get a +15% rise in share price.
We are in more serious times now where the companies that get valued seriously can demonstrate self sustaining cash flow and low liabilities. TGR appear to be quite close to this milestone so in my opinion it would be a shame to confuse the message at such a delicate point.
When we are making cash like KIST or SQZ or PTAL then Shishir can decide to either return cash to shareholders or invest in downstream.
I take that back.... 29th Dec last year for Interims.... We could be waiting a while, Although you wpould hope they would not sit on the production figures that long.... Good or bad.
I know they are planning a H1 update "(Q2 included)" from an email exchange with Shishir but looking through old RNS feed we don't previously seem to have had cadence of quarterly or interim updates (I must not be looking hard enough as I think obliged to publish interims??).
Personally I think cashflow will turn out to be fine and the pre payments etc will just about see us through. The bigger uncertainty for me will be whether we are anywhere near the growth planned for Q2 & Q3 (maybe because of tight cash). If a Q2 update came out tomorrow and reassured us about cash position but disappointed us on a another missed production target how would the SP react. It has already halved since last update so would seem bad news is priced in but the problem is the market has a nasty habit of reducing an SP in anticipation of bad news as well as reducing it on confirmation. Sometimes it is better just to put the bad news straight out there to avoid the double hit.
I am an accountant JAddams. You are reading the net net line of 42m and conveniently ignoring the line literally direct above that says end period net cash 240m…. Weird how you can’t minus one number from another but claim to be able to read financial statements.
To address Jaddams. I agree it is weird to report net cash and net debt as I assume net cash is net of debt and vice versa but you are definitely picking up the wrong end of a shtiy stick with your take outs.
You cursed it there…. This SP decline is relentless. Just 300k shares traded and brings the sell price down nearly 10%….. how is a company worth 10% less now than it was an hour ago based on £45k of shares (presumably) sold???
So given how easy it was to attend and how involved you are here then I assume you have attended/had a video meet?
I couldn’t get to my one yesterday and was not offered a Teams meeting (although I did not push this too hard as woudl have also struggled to make it)