Tirupati Graphite Share Discussion Threads

[volsung] 20/10/2023 08:58

Swapping the ditch for the pole

[hamidahamida] 20/10/2023 08:38

Mining companies love a placing Mining companies also love CLN debt Whichever way believing pi's always end up getting shafted..

[volsung] 20/10/2023 08:37

The market is a bottomless pit

[hamidahamida] 20/10/2023 08:32

Why would anyone touch this company when directors have told the market again and again graphite market is subdued and they need money. How many times companies categorically tell the market that they have no plans to do any placing and then do the exact opposite, hence investors are scared to touch this share till things 100% get sorted till then share price would carry on tanking... Period

[jaknife] 19/10/2023 12:55

They will burn cash this year and next, which is why they need to raise funds. They state today:

"To meet its needs for these developments and working capital requirements, TG has initiated engagements to obtain institutional debt finance."

I would bet money that "institutional debt finance" is code for "death spiral convertible".

JakNife

[flc] 19/10/2023 12:22

Tend to agree but Madagascar is now not a million miles away from being cash positive and I'm sure further prepayments are on the cards. Moz is the unknown so ideally they could do with debt funding to get that moving or dare I say it investment/loan from an offtake partner. share price should hopefully recover over the next few days.

[rodney101] 19/10/2023 11:40

IT ALL BOILS DOWN TO GETTING MORE FUNDING THE QUICKER THE BETTER TILL THAN SHARES WOULD CARRY IN DRIFTING

[petersinthemarket] 19/10/2023 11:24

This update looks like the usual tribulations of a mining company, with ore quality being difficult to predict and insufficient cash to cover expansion ambitions, but the extensive resources are still there and it seems likely that institutions will want to buy in without TGR having to go for a full blown public placing. I don't have any more patience than the next guy but I do intend to hang on, at least in the medium term, as I think this turnaround will succeed in due course.

[kdickson] 19/10/2023 11:11

SP Angel . Morning View .

Tirupati Graphite (TGR LN) 15p Mkt Cap £18m – Operational update as bridge financing sought

Flake graphite producer Tirupati Graphite provides an operational update and outlook.

For the Company’s 1H24 reporting period, production increased 160% and revenues jumped 170%.

4,785t were sold and shipped over the period at an average price of $827/t.

The Company has improved bottleneck issues and enhanced roads and bridges to limit disruptions over the rainy season.

Tirupati reports run rates for Q3 of 1.8kt/day ore feed (75% of capacity) for 40-50t/day of flake graphite throughput.

Average head grade for the period remains below 3% vs 4.5% in the plant design, although average recovery remains over 80%.

The Company is now reorienting its future plans around a c.3% head grade owing to the ore’s saprolite dominance.

As a result, Tirupati is looking to ramp up ore feed rates to compensate for a lower head grade.

Additional preconcentrate units will be added to increase production.

Tirupati is currently engaging creditors for debt finance to support development and working capital requirements.

Management notes ‘subdued market prices’ and limitations from working capital constraints.

They forecast base case production of 7,500t for H2 whilst they progress towards 10,000t.

[pwal] 19/10/2023 10:57

As perhaps the only Graphite Company to have had positive operating margins since inception, and with the scale of operations now reaching the point where the Company is expecting a strong financial, we are furthering potential debt engagements with institutional providers.

[rodney101] 19/10/2023 09:56

Smells Rotten

[rodney101] 19/10/2023 09:55

How come management does not mention Graphene any more Ask yourself why whyRemember what they told you at time of listing whatever happened to deal with Rolls Royce It was All a massive Spin

[paulscb] 19/10/2023 09:52

The only debt this shambles will get access to in this market is a cln. You will see sub 10p very soon.

[not guilty] 19/10/2023 09:11

Except the economic environment that it's drawn in...

[pwal] 19/10/2023 08:51

Nothing wrong necessarily with debt.

[thomas11] 19/10/2023 08:51

I agree, TGR clearly have no funds to develop Moz, they should sell it and get the current operations working, which will take a year or so. They can upgrade to 36,0000 tonnes a year and operate at 75% capacity. This is pitiful , in the IPO they boasted about getting to 84,000 tonnes by the end of 2024 in addition to all the specialist graphite products. They claimed to be experts in graphite, they clearly have no idea how to implement a mining operation, unmitigated disaster IMHO,

[topazfrenzy] 19/10/2023 08:38

They'll probably take it private at 1p ... typical boiler room scam company imo

dyor

[rodney101] 19/10/2023 08:38

Placing is always a condition attached to this type of debt and don't forget cheaply priced warrants also attached

[topazfrenzy] 19/10/2023 08:36

5p on the way

[topazfrenzy] 19/10/2023 08:35

"-- The company continues to engage in alternative sources of finance to bridge the gap of working capital and for further investments."

This is all you need to know, significant dilution on the way or unsustainable debt load at crazy interest rates

[apotheki] 19/10/2023 08:33

Renewable Energy

● The operations of 100 KW hydro power plant have completely stabilised and meet the power requirement of concentrate finishing section at the Sahamamy plant while also illuminating homes of the communities around the project.
● Studies for an additional 500 KW hydro power plant have been completed and once installed, would be sufficient to substantially meet the power requirements of the Sahamamy project.
● In addition to saving emissions and reducing costs, renewable energy initiatives provide an edge to the Company with ESG conscious customers.
● The Company intends to further the development arranging debt funding for the same alongside the targets outlined above.

[jwoolley] 19/10/2023 08:26

I got into these when they first hit the market and sold mid 2021...I thought I made a huge mistake after seeing them rise another 25 odd pence. With keeping them on my watch list over the years, reading various results, and seeing the drop, I am so glad that I did get out when I did.

It is now seeming more than obvious that they will need some substantial investment/funds soon and I'm curious about their options with doing this.

I don't think it will be to much of a problem doing a fund raise, but it is dependent on what price....but I also wouldn't be surprised if there is a chunky investment by someone???

I remain on the sidelines but watch with interest.

[apotheki] 19/10/2023 08:21

To meet its needs for these developments and working capital requirements, TG has initiated engagements to obtain institutional debt finance.