Share Name Share Symbol Market Type Share ISIN Share Description
Tirupati Graphite Plc LSE:TGR London Ordinary Share GB00BFYMWJ95 ORD GBP 0.025
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 35.00 438,425 11:26:08
Bid Price Offer Price High Price Low Price Open Price
34.50 35.50 35.00 34.75 35.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 1.12 -1.25 -2.61 30
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:58 O 30,000 34.80 GBX

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Date Time Title Posts
07/12/202223:01Tirupati Graphite - Specialist graphite and graphene producer 880
01/10/202111:39Tirupati Graphite 34
20/4/201422:30The Official "Is Andy Moore a Tosser?" Thread160
24/10/200514:54TGR: Cash shell > new company93

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Posted at 09/12/2022 08:20 by Tirupati Graphite Daily Update
Tirupati Graphite Plc is listed in the Mining sector of the London Stock Exchange with ticker TGR. The last closing price for Tirupati Graphite was 35p.
Tirupati Graphite Plc has a 4 week average price of 34.50p and a 12 week average price of 32.50p.
The 1 year high share price is 94p while the 1 year low share price is currently 21.75p.
There are currently 86,207,767 shares in issue and the average daily traded volume is 898,484 shares. The market capitalisation of Tirupati Graphite Plc is £30,172,718.45.
Posted at 07/12/2022 17:13 by skiboy10
Successful £5 Million Fundraise & Variation to SPA

Battery Minerals Map
Montepuez Project Battery Minerals

We're pleased to announce the successful completion of an institutional and private placement to raise £5 million from the issue of 14,285,714 new ordinary shares of £0.025 each #TGR shares. This will help secure and complete the acquisition of Suni Resources from Battery Minerals. This acquisition is transformative for the Company as it strives to become a key source of flake graphite for the energy transition economy.

Shishir Poddar, Executive Chairman, said:
“We are delighted to have received institutional and other investor support for the fundraise, which provides us with the financial resources to meet the obligations towards the completion of the Suni transaction."

The successful fundraiser will cover the entire cost of acquiring Suni Ressources SA from Battery Minerals, as well as provide working capital.
We and Battery Minerals agreed to accept the assessed CGT liability and change the acquisition terms to expedite the transaction.

Both of Suni Resources' projects, Balama Central and Montepeuz, are fully licensed for construction up to a 150,000 tpa flake graphite production capacity.
Battery began construction of the first 50,000 tpa module at Montepuez, with plant development and tailing pond construction completed, as well as base camp residential facilities for 100 people.

In a region that hosts to one of the largest active flake graphite projects in the world, the c. 152 million tonnes of JORC 2012 reserves and resources in the projects equal to >13 million tonnes contained flake graphite.
With a letter of comfort in hand and funding secured, the transaction will now be completed at breakneck speed.

We believe that acquiring these projects will place the Company in a strong position to advance its ongoing discussions with the electric vehicle sector, among other things.

Posted at 06/12/2022 01:13 by jojaken
What I don't understand is how Shishir Poddar could assure us they had enough financial resources so as not to need to raise any more cash. When the price was in freefall in July, he was very clear no more money would be raised. So why does the company need to raise money at these depressed prices now?

Just my personal feeling, but some better and clearer explanations are deserved than the positive spin put out today. The Suni Resources purchase didn't suddenly appear, the implications of the near-term cashflow problems were clearly understood long ago.

Please some honesty would be appreciated.

Posted at 05/12/2022 17:19 by skiboy10

Abm December 5, 2022

Tirupati Graphite (TGR), the specialist graphite company, looks to have delivered a key milestone in terms of becoming one of the world’s leading producers.

Author @ZaksTradersCafe

TGR announced it has raised £5,000,000 by way of an institutional and private placing at 35p versus the latest share price of 41.5p. Optiva Securities acted as sole broker and bookrunner to the company. The fundraise was oversubscribed. The company said the fundraise provides it with the financial resources to meet the obligations towards the completion of the Suni transaction. The Balama Central and Montepeuz projects which are held by Suni Resources, are both fully licensed for construction to 150,000 tpa flake graphite production capacity.

Posted at 05/12/2022 17:18 by skiboy10
Tirupati Graphite raises £5mln to complete on Suni Resources acquisition

Tirupati Graphite PLC (LSE:TGR, OTCQX:TGRHF) said it has raised £5mln by way of an institutional and private placing of new shares at a price of 35p each.

The price represents a discount of 18.57% to the company's closing mid-market price of 41.5p on 2 December 2022.

The new funds will be used to help Tirupati meet all its obligations to complete the acquisition of Suni Resources SA from Battery Metals Ltd, amounting to around £3.5mln, and provides working capital for the company to progress its graphite production activities.

“We are delighted to have received institutional and other investor support for the fundraise, which provides us with the financial resources to meet the obligations towards the completion of the Suni transaction,” said Shishir Poddar, chief executive of Tirupati Graphite in a statement.

The company has also made further variations to the terms under which it is buying Suni Resources.

Under the new arrangements Tirupati will pay A$2.5mln in capital gains tax in return for a reduction in the value of consideration shares to be issued to Battery Minerals. Tirupati will also retain the right to the VAT refundable to Suni by tax authorities expected to amount to approximately A$1.5mln.

The Balama Central and Montepeuz projects which are held by Suni Resources, are both fully licensed for construction to 150,000 tonnes per year flake graphite production capacity. At Montepuez construction of the first 50,000 tonnes per year module has been initiated by Battery with plant development and tailing pond construction completed and base camp residential facilities for 100 persons built.

Posted at 05/12/2022 16:12 by kdickson
"Institutional investor Premier Miton have increased their TGR shareholding going above 5%".
Posted at 05/12/2022 13:53 by kdickson
SP Angel . Morning View .

Tirupati Graphite (TGR LN) 36p Mkt Cap £32m – Successful completion of £5m fundraise for Suni Resources acquisition

Madagascar-focused Tirupati Graphite has successfully completed a private placing for £5,000,000 at a price of 35p. The placing represents a discount of 18.75% from the December 2nd price.

The funds will be used to complete the acquisition of Suni Resources from Battery Minerals Ltd for £3.5m alongside provisions for additional working capital.

Suni Resources holds the Balama Central and Montepuz projects licensed for construction for graphite flake production in Mozambique.

Construction at Montepuz for a 50,000tpa module has been started by Battery Minerals.

The two projects have c.152mt of JORC reserves and resources with c. 13mt of flake graphite.

The Company believes the acquisition will ‘put the company in a strong position to progress its ongoing discussions with the electric vehicle sector,’ alongside others.

Posted at 23/9/2022 08:53 by clabburn
Great RNS. Providing the certainty and clarity that the market has been waiting for. Assuming a basket price of 850$/t 36,000 tpa capacity will produce annual revenues well above $20M. As long as results next week aren't a complete disaster and show decent enough sales from the pilot plant (previous guidance in Feb was 3,200-3,500 tons) we should see a good recovery from here. The market should have all the evidence it needs that these are real projects and the company have the tools and capabilities to successfully develop them. Im pretty sure if this was a US company rather than an Indian one, the share price would look very different but in the end once the numbers show up, even the most sceptical should reassess their view.
Posted at 08/8/2022 09:11 by pj84
I recall in the recent Q & A session posted here earlier that the CEO said he was disappointed in the recent fall in the share price (can't remember his exact words) but they (TGR) wouldn't raise any capital too cheaply to disadvantage (dilute)existing shareholders and the convertible loan notes convertible at 60p in yr 1, 75p in year 2 and 90p in year 3 do seem to honour that commitment.
Posted at 20/10/2021 12:25 by the chairman elect
Reference the OTCQX market the stock required to feed all those North American mouths who require their fix of graphite & graphene in the form of LSE:TGR will clearly have to come from the pool of existing stock in the London market.

The mind absolutely boggles to what the LSE:TGR share price will do when a few million LSE:TGR shares are required all of a sudden!?!?!

Posted at 16/6/2021 07:05 by the chairman elect
Tirupati Graphite (LSE:TGR)

Tirupati Grapite has been featured in The Motley Fool. Please see article below:

Tirupati Graphite (LSE:TGR) is a green economy business with potential upside. It’s a flake graphite company manufacturing speciality graphite and graphene. And Tirupati has recently developed a ground-breaking graphene-aluminium (Al-Gr) composite. This could be a game-changer in replacing copper in advancing technology.

A revolutionary product

Tirupati Graphite mines and processes natural flake graphite in Madagascar and conducts hi-tech graphite processing in India. Its operation in India is focusing on manufacturing zero-chemical graphene. Best of all, Al-Gr Composite is a scalable solution that could revolutionise manufacturing.

The company already makes money mining for graphite in Madagascar, but this new Al-Gr Composite invention has investors really excited.

That’s because Tirupati has reportedly been in talks with FTSE 100 company Rolls-Royce (LSE:RR). Tirupati’s Al-Gr Composite could replace the copper in thermal, power, and propulsion systems, ensuring lighter-weight aircraft. Less weight leads to increased fuel efficiency, which saves the company money. So, it could potentially appeal to many aircraft manufacturers.

Reducing weight in tech is a common goal, and if workable, this Al-Gr Composite could find demand coming from many industries desperate to reduce their carbon footprint. For instance, electric vehicles, aerospace, space, shipping, and satellite technologies. In fact, pretty much anything that uses copper wires and cables in motors.

The Al-Gr Composite is also more efficient at increasing conductivity, both thermal and electrical. Therefore, it can be used in heat exchangers, heat sinks, and even solar water heaters.

In fact, Shishir Poddar, CEO of Tirupati Graphite, referenced a recent McKinsey report stating graphene can make batteries and solar cells significantly more efficient.

Rising share price

Tirupati Graphite launched on the London Stock Exchange via IPO in December. Since then, its share price has risen 152%. It now has a £113m market cap. However, there’s no doubt this share carries risk. It’s new to the public markets, it operates in emerging market jurisdictions, and it’s making a product that’s yet to prove itself.

Nevertheless, the company has high hopes with its sights set on increasing its Madagascan capacity to 30,000 tpa by Q1 2022, up from 3,000 tpa at IPO.

The Tirupati share price has already risen sharply in the past week, so it may be in for extreme volatility in the weeks ahead. However, as a speculative investment, I’m tempted to get on board and add Tirupati Graphite shares to my Stocks and Shares ISA. I think anything offering a clear solution in the shift to a green economy shows massive potential and makes for an attractive investment opportunity.

Tirupati in talks with Rolls-Royce

Another key question now is: does this news make Rolls-Royce any more attractive as a long-term investment? Rolls-Royce has racked up an eye-watering level of debt since the pandemic hit. Its market cap is approaching £9bn while its debt is almost £7.5bn. Therefore, I think any way it can find to reduce costs will be warmly welcomed.

The Rolls-Royce share price has been extremely volatile, and its future uncertain. That still stands, although its outlook very much depends on economies reopening and flights resuming.

I think Rolls-Royce will survive, and it has been streamlining in recent months. If it can stay on target to reduce costs and resume generating revenue, its share price could soar again. As a result, I’m tempted to gradually buy shares in Rolls-Royce with a long time horizon in mind.

For regular stock market investing ideas and help choosing the best shares to buy now, sign up to The Motley Fool today.

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