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TGR Tirupati Graphite Plc

6.25
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
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 0.00% 6.25 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 2.89M -2.37M -0.0183 -3.42 8.09M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 6.25 GBX

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Date Time Title Posts
19/11/202408:21Tirupati Graphite - Specialist graphite and graphene producer 1,406
04/7/202420:31Tirupati Graphite PLC 2023817
15/3/202414:06TGR: Cash shell > new company94
01/10/202111:39Tirupati Graphite 34
05/7/202111:43Joke18

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Posted at 21/11/2024 08:20 by Tirupati Graphite Daily Update
Tirupati Graphite Plc is listed in the Miscellaneous Metal Ores,nec sector of the London Stock Exchange with ticker TGR. The last closing price for Tirupati Graphite was 6.25p.
Tirupati Graphite currently has 129,510,000 shares in issue. The market capitalisation of Tirupati Graphite is £8,094,375.
Tirupati Graphite has a price to earnings ratio (PE ratio) of -3.42.
This morning TGR shares opened at -
Posted at 18/11/2024 17:47 by petersinthemarket
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
Posted at 10/10/2024 13:54 by petersinthemarket
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
Posted at 10/10/2024 10:00 by apotheki
SP Angel . Morning View .

Tirupati Graphite (TGR LN) SUSPENDED – Funding update

Tirupati provide an update from on their graphite operations in Madagascar.

The Company reports operations at Vatomina ‘continued intermittently’; through August.

Production hit 620t, with product exceeding 96% TG.

Company generated $660k in revenues, selling at an average price of $892/t.

Tirupati reports that it continues to progress financing discussions to address both working capital needs and longer term financing.

They are advancing a term sheet for investment to enable steady state production of 2000-2400tpm.

Company is also in discussions with a ‘Middle East Sovereign Fund’ to develop the Montepuez project.

Annual accounts will be delayed to 31st December 2024, with the audit reportedly ‘substantially completed.’
Posted at 10/10/2024 09:55 by apotheki
Corporate & Operations 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 an update in continuation to its previous RNS dated 13 August 2024, progress in relation to financing arrangements and on matters related to publishing its audited financial results for the period ending on 31 March 2024.

Operations

· Operations of the Vatomina project continued intermittently during August and September ("the period"), since 2 August 2024, in sync with available financial and material resources.
· Production during the period was 620 tons, with all product exceeding a 96% grade.
· The quantity sold and shipped during the period was 740 tons, earning revenue of US$660,415 and recording an average basket price realisation on sales of US$892.45 per MT; the highest basket price realised to date by the Company.
· An additional 60 tons of larger flake grades, contracted to generate US$63,400 in revenue are at port awaiting shipment.
· The Company has received from customers a sum of US$889,729 during the period towards the sale of goods. Sales continue to be made without credit periods extended to customers.

Consolidating and streamlining operations with the resources available has enabled the Company to substantially address the stressed position for operations in-country and it is targeting consistent operations of the Vatomina project and a return to the previously demonstrated significant operating margins. The Company remains engaged with its corporate creditors to maintain their support as it secures funds to further improve operations and grow production and sales.

VAT Refunds

· In September, the Company received c.US$ 80,000 of VAT refunds, and a further sum of c.US$ 245,000 in October 2024.
· Further VAT refund tranches are expected towards the c.US$ 2 million that the Company was originally owed.

Financing Progress

The Company and its advisors have continued to make progress towards securing finance for both current working capital needs, and longer-term growth finance:

· Negotiations of a Term Sheet have been advanced with a strategic investor for a potential investment package that provides the capital requirements for enabling a steady state 2000 - 2400 tons per month of production, including the gap CAPEX required for it.
· Discussions and due diligence have progressed with a Middle East Sovereign Fund for potentially financing the development of the Company's Montepuez graphite project in Mozambique. In-person meetings were held in September in the UAE and detailed project appraisal by the fund is ongoing.
· Outreach has been initiated with US-based investors who have expressed interest in investing in the Company, with growing interest among US-based strategic and institutional investors following continued US government policy interventions.
· A trade finance deal is being evaluated as an alternative arrangement for meeting the current working capital deficit.

Audit and Annual Report

· Companies House has granted the Company an extension to 31 December 2024 for submission and publication of the audited annual report and financial statements.
· The Company has appraised the FCA of its status and this extension.
· The audit for the Company's annual accounts is substantially completed; pending items relate to certain treatments under provisions of IFRS influenced by the liquidity position, which the Company is engaged in resolving.

Shishir Poddar, Managing Director and CEO, commented:

"We are thankful to the Government of Madagascar and the British Embassy in Madagascar for their support in releasing the VAT refunds due to us, which has helped improve our liquidity constraints. We are also thankful to our creditors who have stood by us in these stressed times as we navigate to streamline our business and return to growth.

"We also convey our thanks to our shareholders for their patience, and to our prospective investors, who see the success we have achieved during strong headwinds. As the only London-listed flake graphite producer, we are committed to overcoming the constraints and to delivering the clear growth potential we have, synchronising with growing demand for this critical mineral."
Posted at 17/9/2024 12:06 by pwal
Is there a bit of "protecting " the share price with this suspension? That's a question not a statement.
Posted at 19/7/2024 10:36 by citys2874
buys 9 times more than sells now may get RNS NEXT WEEK so could well double in share price from today price
Posted at 04/7/2024 20:31 by bones698
And this is exactly why I hate small miners, they spend millions getting all the paperwork down for a project then run out of cash an d the big boys step in and take the ximonay and it's assets for peanuts. Seen this so mnay times they simply aren't worth investing in. The cash required to get production on these assets means this will always happen and why the share prices tank right up until the end
Posted at 02/7/2024 10:40 by petersinthemarket
This was a share that I bought into with some enthusiasm when I believed the BoD view that it had developed a world beating range of products. I remained convinced until I saw the share price drop faster that a lump of graphite. Since then I have suspected that this was just a con. Feeding stuff from one family held company to another family held company at well below market prices, leaving our holding struggling to survive. I still do believe that it has a world beating range of products, even if not being worked for our benefit. Recently getting some light and oxygen into the scene might help with a recovery, but the share price still doesn't look in any real hurry to react positively. Best of luck to all holders (including me).
pete
Posted at 12/6/2024 07:45 by pwal
What would get the share price over 10p would be a positive update. News on the money owed by the government News on increased production News on an increase in price for graphite News on fund raising News please TGR!!!!
Posted at 01/12/2023 10:46 by pwal
A reply to TGRs latest tweet says they should be knocking on doors looking for new contracts if they wanted to get the share price to 2 quid.My Christmas would be made if the share price went to 2 quid. Maybe TGR are knocking on doors but if so they should be telling us. The share price is just going to drift without news.
Tirupati Graphite share price data is direct from the London Stock Exchange