@MrR1chmond Pretty disappointing from @ShishirPoddar and team unfortunately. All the right ingredients but over promising and getting the basics wrong atm. I have questioned my investment a couple of times recently and will make a decision off the back of the next results @Tirupatiuk #TGR
@motorway not worth the time. We sold our car and the dealer never turned up to collect. When we called he said “he was on holiday with his kids”. We had agreed the date and he just didn’t bother to turn up. Reorganised for a new day and the same happened again. Terrible service.
@motorway absolutely wouldn’t use motorway again. We sold our car, the dealer didn’t turn up (twice). When we contacted motorway they couldn’t even set the reserve to the same price as previously sold. We’ve had to take a loan to cover the deposit on our new car. #terribleservice
#TGR is scaling up
Our Q1 FY24 update:
🔵Increased production by 188% in Q1 FY24 YoY
🔵Sales increased by 245% in Q1 FY24 YoY
🔵Targeting monthly production and sales minimum target of 2,000 tons from Q3 FY23
Receipt of US$ 1 Million prepayment cash from large corporate customers in USA and Europe. This:
🔵eases our working capital pressure following our significant investments in #development and our Suni Resources #acquisition.
🔵Funds our ramp up to Q3 FY24 targets of minimum 2,000MTs production + sales.
🔵Represents major confidence of large corporates in #TGR as a #Sustainable graphite supplier outside China.
🔵Builds market share across growing supply chains + markets with #TGR as a preferred partner of choice for customers.
This targeted growth is expected to transform the operational and financial profile of the company as it supplies the vital #criticalmineral, #Graphite, and the company will provide updates on its progress!
@Futurethinker20 @AndrewMathieso3@pd9investments If you don’t trust the company then why are you lingering around tweeting about them? Your initial tweet is not based on any fact
For those who ignored it the first time round “Going forward the Company will continue to focus on strengthening its cash position through other non-dilutive opportunities.” #TGR
Ouch looks like the market made their mind up @Tirupatiuk -10%. Personally feel reassured that the results are backward looking and there has been 4 or 5 months to build reserves back. Unfortunately suspect we will need to wait for another RNS to prove it #TGR@ShishirPoddar
@AndrewMathieso3 @Alastai85608932 @Tirupatiuk Let’s hope they can keep those administration costs down. I think that would do a lot to settle the markets doubts
@Alastai85608932 @MrR1chmond@ShishirPoddar The comment about overpromising and under delivering is the bit that has stuck with me from watching the interview. Don’t get me wrong I do hold and want to be wrong but I don’t like how this has been managed