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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Tirupati Graphite Plc | TGR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 6.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 6.25 | 6.25 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 13/8/2024 08:28 by pwal Seems good news. So TGR please get the report out and remove the suspension. |
Posted at 31/7/2024 13:40 by pwal Does that state TGR are only doing 8000 tons per annum? |
Posted at 24/7/2024 09:25 by pwal With this kind of news:Some analysts are concerned that graphite companies may not be able to expand operations fast enough to meet demand, which could lead to a supply deficit.TGR should be motoring ahead! |
Posted at 22/7/2024 10:08 by citys2874 TGR was Tipped tradercafe over the weekend and set 12.00 target |
Posted at 11/7/2024 10:35 by pwal Instead of a tax rebate can't TGR just stop paying tax? Agreed with government of course. |
Posted at 04/7/2024 20:10 by apotheki SP Angel . Morning View .Tirupati Graphite (TGR LN) 8p Mkt Cap £5.5m – Funding update Tirupati Graphite has appointed financial advisors to support their funding arrangements. The Company reports that they are progressing engagements with investors in a non-dilutive manner. Musst and Vita-Connect have been engaged to raise £3m for working capital to support a run rate of 20ktpa. The advisors will also seek to source project finance from ‘Development Financial Institutions’ of £80m to boost production to 54ktpa. The Company is seeking ex-China funding. To date, Tirupati reports that initial due diligence has been completed by a strategic financier. They have also initiated discussions with another strategic partner alongside a Middle East Sovereign fund. The Company is also continuing their discussions for a refund of VAT from the Madagascar government of $2m and from Mozambique of $1.2m. |
Posted at 04/7/2024 07:34 by sleveen Looks like a large subscription by the unnamed strategic investor and inherent PI dilution.At least TGR will not go bust. |
Posted at 10/5/2024 16:03 by jaknife The numbers are dreadful. Why on earth would anyone put fresh equity in when the company is hopelessly loss-making and burdened with debt?The market at the moment is terrible when looking to raise funds for loss-making companies, eg see Genedrive's raise yesterday; that was done on a pre-money valuation of just £1.7m. The equivalent for TGR would be a raise at 1.6p a share. Given how the market is I wouldn't be surprised to find out that TGR can't raise the funds and it ends up in administration. JakNife |
Posted at 07/3/2024 08:23 by ikn from today's update:"Recent meetings with the Madagascar Government for the release of VAT refunds of c. $2m have further added confidence that these will be returned to the Company imminently; ยท Establishment of working capital facilities from the Company's bankers in Madagascar being progressed supported by a personal guarantee being agreed to be provided from the Executive Chairman;" my thoughts: - if Madagascar Govt releases vat funds then that would be a big boost to growth plans - otherwise : this is just creating a narrative/scenario that TGR's problems can be blamed on the Madagascar Govt and not the board of TGR - if getting a bank loan is so difficult : banks consider TGR high risk. |
Posted at 18/1/2024 11:28 by jaknife Tirupati Graphite hasn't raised debt because it's not credit worthy. It's that simple.The first rule of banking is: "How am I going to get my money back?". If a bank were to lend money to TGR today then, once TGR has spent that cash, how exactly are they going to pay the bank back? TGR doesn't generate cash - it's a loss-maker - and so the only way that the debt would be repaid is if TGR could raise more cash from someone else. |
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