Anthony James Nieuwenhuys: An experienced CEO of listed mining companies, with deep expertise in operational leadership and corporate governance. Mr Nieuwenhuys is currently a director and CEO of TSX listed Zeb Nickel Corp and Kopanag Gold Empowerment company, having previously been a director of AIM listed Eurasia Mining PLC |
Pwal, the question is surely 'if' the suspension is lifted? There's clearly a strong business in Tirupati, but there has to be some doubt about whether current shareholders will see any return? I hope they do lift the suspension, and if the fundraising is positive then I might well come on board here...GLA no advice intended etc |
Didn't the board totally slag him off as unqualified when he tried to oust them, and now they're appointing him...? |
Interesting to see that Murat Dogan Erden has been appointed as Non Exec after pretty much leading the campaign to remove the board earlier in the year, hopefully this is a precursor to securing funding and getting the listing restored. |
Will these directors buy shares when the suspension is lifted? |
Good news, clearly gearing up for funding and growth :-) We may even see the Finals being posted this week. |
I note the BoD restructuring in todays RNS.
Some progress is good - sales progress would be even better.
pete |
News of graphite shortages on the internet this week. So what is TGR doing? |
Could do with some good news please TGR! |
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. |
Abandon ship in this lifestyle pish huh. How bad must it be. |
Is that good news? Any reason he went? |
Directorate Change
Tirupati Graphite plc (TGR.L, TGRHF.OTCQX), the specialist flake graphite company and supplier of the critical mineral for the global energy transition, announces that Mr. Alastair Bath has resigned as a Director of the Company.
The Company is working on expanding the Board in the near term with addition of a CFO and Non-Executive Director(s).
Michael Lynch-Bell, Chairman, said:
"On behalf of the board, I would like to thank Alastair for his contribution to the company. He has been a valued colleague and we wish him well in his future endeavours." |
Come on TGR:Now, car makers are knocking at the doors of new producers, such as Madagascar and Mozambique, as this year EVs are forecast to account for more than 50% of the natural graphite market for the first time, according to consultancy Project Blue. |
Lots of Tweets but no news. |
10 October 2024 ''Audit and Annual Report: Companies House has granted TGR an extension to 31dec2024 for submission and publication of the audited annual report and financial statements. TGR has appraised the FCA of its status and this extension. The audit for the Company's annual accounts is substantially completed; pending items related to certain treatments under provisions of IFRS influenced by the liquidity position, which the Company is engaged in resolving.'' Shishir Poddar, MD/CEO |
I reckon next couple of weeks. |
When will the suspension be lifted? |
Hybridan Small Cap Feast: 13/11/2024
Tirupati Graphite 6.25p £8.1m (TGR.L)
The supplier of flake graphite, which is a critical mineral for global energy transition, reports on its trade finance arrangements. The Middle Eastern Sovereign Fund has provided a trial pre-production trade finance sum of c.$225,000 for 280 tons of certain grades of flake graphite. There are continuing discussions for a larger trade finance arrangement c. $ 2.4m via a similar, upfront pre-production prepayment. As its operations stabilise to full continuity, sales can be made to other customers. There are discussions with other sources of funding. |
Well it is some news. Not particularly outstanding. But news nevertheless. |
 Financing Arrangements and Progress Update
Tirupati Graphite (TGR.L), the specialist flake graphite company and supplier of the critical mineral for the global energy transition, is pleased to announce progress on potentially meeting and supporting its financial requirements through a pre-production trade finance arrangement and provides an update in continuation to its previous RNS.
Trade Finance and further Financial Arrangement
· The Middle Eastern Sovereign Fund (the "Fund") with whom the Company has been engaged with (See RNS dated 10 October 2024), has provided a trial pre-production trade finance sum of c.US$225,000 to the Company for supply of 280 tons of certain grades of flake graphite to an end-customer (the "Trial Deal").
· The Company and the Fund are in discussions in respect of a larger trade finance arrangement that provides the Company with c.US$ 2.4 million via a similar, upfront pre-production prepayment. This larger arrangement is targeted for negotiation and finalisation during the Trial Deal period.
· The first shipment of 100 tons out of the 280 tons under the Trial Deal is now at the port destined to sail later this week and production of the balance quantity continues.
· As per the schedule for production and shipment, it is expected that the 280 tons of shipments shall be completed in early December.
· In addition to the trade finance arrangement, TG is in discussions with the Fund for development finance for the Company's projects in Mozambique.
· The Company also remains engaged in discussions with other sources of funding.
Operations
· Simultaneous to production of the goods under the trade finance deal, sales to other customers of the Company for grades not covered under the deal continue to be made.
· The Company intends to stabilise operations of its Vatomina project to continuity from the trade finance funds received and those expected from other sales, and potential further refunds of VAT.
· As the operations stabilise to full continuity, the Company intends to progress further on all fronts.
Shishir Poddar, Managing Director and CEO, commented:
"We are glad to have initiated a relationship with the Middle Eastern Sovereign Fund with whom we have been working for a comprehensive and long-term resolution of our current and growth financial needs. The trial deal forms a stepping stone, the success of which shall strengthen our position in finding prudent solutions to our financial requirements; a key consideration that the Company has kept in mind in its efforts to protect the interests of its existing shareholders." |
Shouldn't they be letting us know if there have been anymore VAT refunds? |
Fingers crossed but ACP went plop today so not as confident as usual! At least we are and have been producing. We shall see! 🤷a94;️🙏🏻😬 |
REF: my #1390, #1392
It was a big surprise to receive a fairly lengthy note from TGR Admin today.
Most of the content was obviuosly similar to today's published update.
They also said: ....''Please feel free to connect with any further questions you may have which
we will endeavour to answer in line with our obligations towards market disclosure rules''.....
Very encouraging.
pete |
Good summary thanks. It is an extension up to the 31st Dec so maybe before that. Hopefully.· Companies House has granted the Company an extension to 31 |
Register for streaming realtime charts, analysis tools, and prices.
Hot Features
Premium
