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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 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 6.25 | 6.25 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 22/11/2024 10:12 by flc Probably not a bad thing as he was appointed to TGR as an associate business development manager and appointed to the Board as an interim measure whilst going through the turbulent spell. Any investors will want to see a far more credible suite of executives at the helm and I'm sure Lynch-Bell is working on that as we speak. |
Posted at 10/10/2024 09:55 by apotheki Corporate & Operations UpdateTirupati Graphite (TGR.L), the specialist flake graphite company and supplier of the critical mineral for the global energy transition, is pleased to announce an update in continuation to its previous RNS dated 13 August 2024, progress in relation to financing arrangements and on matters related to publishing its audited financial results for the period ending on 31 March 2024. Operations · Operations of the Vatomina project continued intermittently during August and September ("the period"), since 2 August 2024, in sync with available financial and material resources. · Production during the period was 620 tons, with all product exceeding a 96% grade. · The quantity sold and shipped during the period was 740 tons, earning revenue of US$660,415 and recording an average basket price realisation on sales of US$892.45 per MT; the highest basket price realised to date by the Company. · An additional 60 tons of larger flake grades, contracted to generate US$63,400 in revenue are at port awaiting shipment. · The Company has received from customers a sum of US$889,729 during the period towards the sale of goods. Sales continue to be made without credit periods extended to customers. Consolidating and streamlining operations with the resources available has enabled the Company to substantially address the stressed position for operations in-country and it is targeting consistent operations of the Vatomina project and a return to the previously demonstrated significant operating margins. The Company remains engaged with its corporate creditors to maintain their support as it secures funds to further improve operations and grow production and sales. VAT Refunds · In September, the Company received c.US$ 80,000 of VAT refunds, and a further sum of c.US$ 245,000 in October 2024. · Further VAT refund tranches are expected towards the c.US$ 2 million that the Company was originally owed. Financing Progress The Company and its advisors have continued to make progress towards securing finance for both current working capital needs, and longer-term growth finance: · Negotiations of a Term Sheet have been advanced with a strategic investor for a potential investment package that provides the capital requirements for enabling a steady state 2000 - 2400 tons per month of production, including the gap CAPEX required for it. · Discussions and due diligence have progressed with a Middle East Sovereign Fund for potentially financing the development of the Company's Montepuez graphite project in Mozambique. In-person meetings were held in September in the UAE and detailed project appraisal by the fund is ongoing. · Outreach has been initiated with US-based investors who have expressed interest in investing in the Company, with growing interest among US-based strategic and institutional investors following continued US government policy interventions. · A trade finance deal is being evaluated as an alternative arrangement for meeting the current working capital deficit. Audit and Annual Report · Companies House has granted the Company an extension to 31 December 2024 for submission and publication of the audited annual report and financial statements. · The Company has appraised the FCA of its status and this extension. · The audit for the Company's annual accounts is substantially completed; pending items relate to certain treatments under provisions of IFRS influenced by the liquidity position, which the Company is engaged in resolving. Shishir Poddar, Managing Director and CEO, commented: "We are thankful to the Government of Madagascar and the British Embassy in Madagascar for their support in releasing the VAT refunds due to us, which has helped improve our liquidity constraints. We are also thankful to our creditors who have stood by us in these stressed times as we navigate to streamline our business and return to growth. "We also convey our thanks to our shareholders for their patience, and to our prospective investors, who see the success we have achieved during strong headwinds. As the only London-listed flake graphite producer, we are committed to overcoming the constraints and to delivering the clear growth potential we have, synchronising with growing demand for this critical mineral." |
Posted at 10/10/2024 09:46 by petersinthemarket I assume that the sudden appearance of the update today, only a couple of days after receiving our emails requesting info on progress, was a coincidence, but at least it showed them that investors remain interested.Looks like it's still jam tomorrow, but at least we have a better feel of current business and it's encoraging to see that there has been some cash coming in. Nothing more we can do, exept to stick with it. pete |
Posted at 08/10/2024 09:46 by petersinthemarket Email address is admin@tirupatigraphiPerhaps if enough investors make contact, they will feel obliged to say something. I have emailed - lets see if they respond. There is also a direct telephone contact number: +44 (0) 20 3984 9894 . I don't imagine they would say anything pertinant on the phone, but you never know. pete |
Posted at 02/9/2024 16:56 by flc They've already received some of it back albeit a very small amount. Investors invest because the company is sat on a very valuable resource with global demand. Let them sort out the auditors before passing judgement. They simply need adequate cash to exploit the potential. |
Posted at 17/7/2024 08:22 by pwal Indeed. Lots of profit to be made if it recovers. Unfortunately my breakeven is 23p. I imagine a lot of other investors are the same. |
Posted at 04/7/2024 19:10 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 10:19 by petersinthemarket Good news. The market will naturally like the fact that serious finance is to be provided at last but, unless the BoD is also to become more honest, this will make the company even more capable of manipulation for family benefit. Small investors are certainly not out of the woods yet.pete |
Posted at 04/7/2024 06:34 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 23/10/2023 08:20 by apotheki Investor Presentation via Investor Meet CompanyTirupati Graphite plc (TGR.L, TGRHF.OTCQX), the specialist Flake Graphite company and supplier of the critical mineral for the global energy transition, is pleased to announce that it will provide a Pre-AGM Update Presentation and Q&A via Investor Meet Company on 25 October 2023 at 4:30pm BST. The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet Tirupati Graphite via: hxxps://www.investor Investors who already follow Tirupati Graphite on the Investor Meet Company platform will automatically be invited. For further information, please visit hxxps://www.tirupati |
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