Tirupati Graphite Share Discussion Threads

[flc] 25/10/2023 13:11

Still some uncertainty as to when/how/if there will be a fundraise which is probably whats weighing down the share price Hopefully we'll get more clarity over the coming weeks and may be some other news to give it a bit of a push.

[jwoolley] 25/10/2023 10:11

topazfrenzy - I agree for anyone wanting a future stake in graphite, it is a a good price, but it could quite easily go lower again with the fund raise and of course, the price could continue to increase and the fund raise may be around this current price. Things just need to be a little clearer for me to reinvest here. Also worth bearing in mind, there market share of graphite isn't currently huge...So they won't be a big player as such, but they could still be a possible buyout situation further down the line...???

[topazfrenzy] 25/10/2023 10:01

Woolley, Each to his own but at a current market cap of under £25m it looks like bargain central for anyone wanting a future stake in the graphite industry and all that it entails ...

[ac_trades] 25/10/2023 09:55

This company has always had huge potentially given the Graphite space they're in, what has surprised me is how low these shares have gone over the last 2 years! Decent news now could easily reverse it's fortunes.

[apotheki] 25/10/2023 08:46

He served as Group CFO at NYSE-listed Turkcell, where he worked for 15 years

[apotheki] 25/10/2023 08:40

3 words stand out for me....



Chief Financial Officer!!!!

[pwal] 25/10/2023 08:39

AGM tomorrow and Q2 should be in about 2 weeks looking at the timeline for Q1.And any news on funding imminent?

[apotheki] 25/10/2023 08:30

Based in London, Mr. Erden's career spans over 25 years, with an expertise in financial management within the Technology and Sustainable resources sectors. Murat to date has been a results-oriented Chief Financial Officer and Non-Executive Director, renowned for his international experience across private equity, publicly listed, and pre-listed technology and resource companies.

Murat also has a track record in Sustainable investments and emerging technologies. He served as Group CFO at NYSE-listed Turkcell, where he worked for 15 years, and made significant contributions to the Company's financial success up until 2016. Murat is also Non-Executive Independent Chairman of ARCH Emerging Partners since 2018, an FCA registered specialist investment advisor with deep emerging market, private equity, and asset management experience.

Murat's educational background is equally impressive, with degrees in Economics from Bogazici University, as well as an MBA in Finance from San Diego State University. He has continued to enhance his knowledge and skills by graduating from programmes at the London Business School and the Wharton Executive Development programs.

[clabburn] 24/10/2023 16:11

Certainly a good development for the company. They clearly need more working capital to manage the transition to steady state operation and this will help improve general sentiment around the company. The fundamentals have been the same throughout - graphite is something the world will need a lot of and TGR on paper are positioned to capitalise on that. I always felt the negativity and drop in valuation was overblown but as others have said, its still a long way back from previous highs. Ultimately investors will need to see evidence of positive free cash flow before it re-rates to a fairer valuation but hopefully there will be partial recovery and confirmation of debt finance before then. On the other hand, I wouldnt be surprised if we also get profit taking and a drift back to last week's level.

[beerboy02] 24/10/2023 12:21

A few more days like this and I might break even lol.

[apotheki] 24/10/2023 10:55

SP Angel notes the recent decision by the Chinese government to implement export restrictions on exports of higher grade graphite from 1 December 2023

The move has significant potential implications for the global battery industry.

Chinese companies will have to seek special export permits to supply synthetic, natural flake graphite, graphite concentrate and purified graphite to international battery manufacturers.

The restrictions do not extend to lower grades of graphite which are used for EAF ‘Electric Arc Furnace’ anodes as used in the production of aluminium, steel and ferro alloys.

China is the primary source for > 70% of global synthetic graphite production and ~65% of natural flake graphite.

China also processes >90% of graphite used in Electric Vehicle Li-ion battery anodes.

Forecasts indicate demand for graphite in Li-ion battery anodes should quadruple within the next decade.

European demand for battery-grade graphite is estimated to reach 1mtpa by 2030, equivalent to the entire global graphite production in the year 2020.

China's decision to impose export restrictions on graphite underscores the critical need to establish secure supply chains by boosting domestic, non-Chinese production capability, which is less vulnerable to market shocks and geopolitical events.

China’s threat to restrict high-purity graphite products required for Li-ion battery anode production risks harming if not killing off the nascent European EV battery industry.

Any interruption to graphite anode supply will lift China’s competitive advantage in the Electric Vehicle sales at a time when regulations are forcing drivers to buy EVs in increasing numbers.

[apotheki] 24/10/2023 10:50

SP Angel . Morning View . Weaponisation of EV battery anode graphite has begun



China & Graphite – Are Chinese threats to ban high-grade graphite real or a warning shot?

China is planning to utilise all its domestic high-grade graphite production.

We believe China also subsidises this production in a variety of ways.

We suspect China will still allow the export of high-grade graphite prices to favoured nations.

Unfortunately, the mere threat of high-grade graphite supply restrictions will be problematic for Gigafactory and EV factory financing around the world.

The critical time for any factory is when all the capital has been spent and production is about to start.

The threat of reduced or unavailable graphite anode supply will create problems here.

China has the ability to strangle the rest of the world’s EV industry and to hold back its development till new sources of EV graphite anode material are developed.

Fortunately, Syrah Resources, GreenRoc* and others can produce substantial flake graphite but this still needs to be purified into battery anode grade material, though this is not nearly enough to meet forecast demand growth.

Weaponisation of graphite will enable Chinese EV manufacturers to get ahead and appears to have begun.

*SP Angel act as Nomad and broker to GreenRoc Mining PLC

[pwal] 24/10/2023 10:48

Pre-AGM update at 16:30 today.

[flc] 24/10/2023 10:41

Could potentially be a lot higher by the end of the year. I guess one good thing is it will give them more headroom to raise additional capital to get Moz off the ground and ramp up. Expected graphite price increases will also generate more cash at an operating level so all good really.

[pwal] 24/10/2023 10:34

This was over 40p in the summer.

[topazfrenzy] 24/10/2023 09:20

Next leg up is getting started :)

[apotheki] 24/10/2023 08:05

China's decision to impose export restrictions on graphite underscores the critical need to establish secure supply chains by boosting domestic, non-Chinese production capability, which is less vulnerable to market shocks and geopolitical events.

The targeted nature of these export restrictions, focused only on battery-grade graphite while excluding conventional low-purity graphite material, should be of concern to everyone engaged in the energy transition. This selective targeting creates a substantial risk that ongoing actions to replace internal combustion engine vehicles with EVs will be slower and more expensive given that today no EVs can be manufactured without relying on battery grade graphite from China. Moreover, this move by China will bolster the competitive advantage of Chinese electric vehicle manufacturers.

In response, the rest of the world, including Europe and North America, must accelerate the development of their own upstream industries in the critical mineral space. This is not merely an option but a necessity in order to establish robust supply chains and release OEMs from undue reliance on China. Such a step would be pivotal in securing the swift transition to low CO2 emission technologies.

[hamidahamida] 23/10/2023 18:24

Nice none diluted funding sorted RNS would really rocket things now

[flc] 23/10/2023 16:21

Good volume today. Providing China don't do a U-turn then hopefully steady progress from here. Tesla snapped up an offtake with Syrah so you never know who is in the background.

[pwal] 23/10/2023 16:06

Who knows what tomorrow will bring?

[topazfrenzy] 23/10/2023 13:44

Some profit takers before the next leg up ... to 30p

[unbelievablejeff1] 23/10/2023 11:40

Rampety ramp ramp ramp....

[topazfrenzy] 23/10/2023 11:28

Market cap sits at only £18m after this surge

it doesn't take a rocket scientist to realise that this news is a huge game changer for TGR

[apotheki] 23/10/2023 11:25

Western graphite miners move to ramp up production but have no hope in offsetting China’s sudden export controls

China’s graphite product export ban on Friday has provided some much-needed stimulus to the natural flake graphite market.

South Star Battery Metals is reportedly looking to ramp up its Brazilian Santa Cruz, with the CEO suggesting on Friday it could skip its Phase 2 development to progress to stage 3 (50ktpa).

The Santa Cruz Project began initial construction in 2022 and expects to see commercial production this quarter.

Santa Cruz holds a 12.3mt reserve @ 2.4% gc for 295.4kt.

Stefan Bernstein, GreenRoc’s* CEO, expects the export ban to push ex-China carmakers to ramp up their prices or force them to purchase batteries from Chinese battery manufacturers.’;

GreenRoc is developing the Amitsoq Graphite project in Greenland and expects to release its PEA this month.

The Amitsoq Project holds a JORC Resource of 23mt @ 20.4% GC for a total graphite content of 4.71mt.

Syrah’s share price rallied 40% this morning on the Australian market, on expectations the ban may support the return to full production at Balama after weak prices forced production cuts.

Analysts at Global Graphite Advisory expect anode makers to start ramping up buying in November in advance of the December 1st export ban.

EVs require between 50-100kg of graphite materials.

Graphite use in batteries has increased by 250% since 2018.

Tesla has had a head start in securing graphite products for its anodes, securing offtake agreements with Syrah and Magnis.

We expect other automakers to wake up and smell the coffee following Friday’s news, with similar deals from other major carmakers expected to be inked with ex-China flake graphite products.