Tirupati Graphite Share Discussion Threads

[cleaverdog50] 18/1/2024 13:49

Ok I’ll watch this space

[jaknife] 18/1/2024 12:46

Cleaverdog50,

Absolutely. In the long run TGR is a zero.

JakNife

[cleaverdog50] 18/1/2024 11:49

Is it your belief then Jak that the board have thrown their own good money after bad?

[jaknife] 18/1/2024 11:28

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.

[cleaverdog50] 18/1/2024 09:55

I’d also add though that judging by the website they don’t seem to struggle to sell the vision so that rules that one out for me

[hamidahamida] 18/1/2024 09:53

You are painting a Rosie picture but reality is supposed external funding talks have been going on for months and it seems TGR are struggling to raise money hence imo this keep the lights on discounted placing. Staying away is the logical option for would be punters till everything is crystal clear

[cleaverdog50] 18/1/2024 09:50

Well with all those positives you just listed funding should be straightforward. Hence why there is either something spooking lenders/the directors are unrealistic on the interest/the company is unable to convey its business plan/the directors have filled their own pockets at a cheap price. With any of the above though the common thread is the directors. If funding now comes quickly and the share price recovers then my thought would be that the board have lined their own pockets at a cheap price. If they continue to struggle raising funding then there are serious issues that potential lenders are spotting and swerving

[pwal] 18/1/2024 09:25

I can't see why funding is so difficult. There's a shortage of graphite and there's the move away from China and from synthetic graphite as it's not green.And headings like:Biden Pouring Money into Africa for GraphiteSo TGR are either not good at communication or they are looking for too good a deal.

[cleaverdog50] 18/1/2024 09:04

My two Penneth for what it is worth.
The board have been unable to secure non dilutive funding
Possible reasons: They are being offered debt at too high a rate, the lenders don’t like what they have to say or maybe the way they are selling it.
As a result is it possible they have had to demonstrate their own skin in the game as a condition hence the recent Director Contributions. Is it a case of the directors knowingly allowing the share price to drop then buying in low for their own benefit hence why there was no placement above 30p? Will funding now be agreed in short order? Even if it is it will be difficult to tell the causality whether A) the share price was allowed to slip to benefit directors adding money or B) nobody would lend them money without conditions

[richie1218] 17/1/2024 15:54

Well that's me out (40% loss) ... good luck all ..

[xow98] 17/1/2024 14:41

Why pay for 2 when you can hardly afford 1?

[pwal] 17/1/2024 14:39

Joint broker resigned? What's that mean?Why would they do that?

[pwal] 17/1/2024 13:49

Trying to stay positive.Directors money so that's good.Volumes are high today but evenly balanced. Lose big / Win big ?

[flc] 17/1/2024 09:21

Not sure about that topaz...more a case of the BOD not managing investors' expectations and sending out mixed messages. Lets just see what happens with the follow on financing.

[topazfrenzy] 17/1/2024 08:40

Glad I dumped my last little TGR gamble at 16p last week (20% loss)

this company is one big fraud at the end of the day imo

[bad gateway] 17/1/2024 08:14

Not sure about trusting this "setting it aside" statement re the convertibles. Setting something aside isn't the same as cancelling it and with them hoping for banks or other non dilutive lenders to help them out it doesn't sound as if they actually have another option nailed on yet.
Are the convertibles a bad deal for them?

[hamidahamida] 17/1/2024 08:08

Many ardent believers of TGR like BNN on X are now admitting they do not trust this management anymore Fully expecting more pain for this lying management Stay away

[apotheki] 17/1/2024 08:00

About Tirupati Graphite

Tirupati Graphite Plc is a specialist Graphite producer and a supplier of critical minerals for a decarbonised economy and the energy transition. The Company places a special emphasis on green applications including renewable energy, e-mobility, energy storage and thermal management, and is committed to ensuring its operations are sustainable.

The Company's operations include primary mining and processing in Madagascar where the Company operates two key projects, Sahamamy and Vatomina with a combined 30,000 tpa of currently installed capacity, producing high-quality flake graphite concentrate with up to 97% purity and selling to customers globally.

The Company has also acquired two advanced stage, world class, natural graphite projects in Mozambique. Work has already commenced to optimise the economics for development of the Montepuez graphite project, which is permitted for 100,000tpa production and where substantial construction work has already been undertaken by the previous operator.

[apotheki] 17/1/2024 07:58

Shishir Poddar, Executive Chairman of Tirupati Graphite, said:

"Since the beginning of the current financial year, when we had completed the developments initiated after listing in December 2020, we have continued to ramp up operations at our projects despite having limited cash resources. This Placing will support the business while we continue to pursue non-dilutive capital raising efforts."

"The Placing and subscription will enable us to focus on increasing production and sales from our Madagascar operations which has been restricted due to limited working capital availability."

[flc] 17/1/2024 07:52

Poddar's credibility shot to pieces!

[apotheki] 17/1/2024 07:35

Use of Proceeds

The Placing proceeds will be used for working capital to allow the Company to optimise production from its existing facilities in Madagascar. The capitalisation of outstanding dues to certain directors and senior management under the Subscription will allow the full Placing proceeds to be dedicated to addressing operational working capital requirements.

The Company is engaged in discussions with a range of prospective lenders, aiming to secure additional funding. This funding will be used to enhance production processes, to fully maximise our operational capacity to achieve an annual production goal of 36,000 tons.

Further to the announcement on 28 December 2023, the Company wishes to clarify that no capital has been raised against the convertible debt instrument as at 16 January 2024 and the Company has set it aside focussing on expediting sources of banking finance and other non-dilutive sources of capital. The capital raised shall help the Company meet its ongoing activities optimisation in the meantime.

The Company remains engaged to increase its production in Madagascar with immediate target to reach 1,500 tons per month output and expand its markets in light of growing opportunities.

[apotheki] 17/1/2024 07:34

Erden Investments Limited is a family-owned Company of Mr. Murat Erden, NED and this is a subscription in cash. [GBP£50,000]

[hamidahamida] 17/1/2024 07:32

This Management had so many chances to raise money well over 30p but they refused to do it, reason they kept on saying do not want to dilute we do not want to dilute. Now they have at 11p bunch of liars

[terminator101] 17/1/2024 07:06

Keep the lights on placing at 11p huh. Nice to see the regular bb scammers on this lifestyle pish.