WheresTheMonkey
Regular
This is interesting.......................Pentwater Capital have appeared on oour register
TLG Discussion 2022
- Thread starter zeeb0t
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From the latest set of "Change of Directors Interest"..
Terry Stinson: + 1,818 shares, to 177,372 shares being held and 600k performance options
Stephen John Lowe: + 27,273 shares, to 2,077,273 shares being held and 500k performance options
Mark Thompson: + 27,273 shares, to 14,382,174 shares being held and 4M performance options
Nice to see management participating!
Funny though that Terry is buying smaller cakes than me when I was accumulating..
Terry Stinson: + 1,818 shares, to 177,372 shares being held and 600k performance options
Stephen John Lowe: + 27,273 shares, to 2,077,273 shares being held and 500k performance options
Mark Thompson: + 27,273 shares, to 14,382,174 shares being held and 4M performance options
Nice to see management participating!
Funny though that Terry is buying smaller cakes than me when I was accumulating..
Might have to nickname him Terry Skintson!From the latest set of "Change of Directors Interest"..
Terry Stinson: + 1,818 shares, to 177,372 shares being held and 600k performance options
Stephen John Lowe: + 27,273 shares, to 2,077,273 shares being held and 500k performance options
Mark Thompson: + 27,273 shares, to 14,382,174 shares being held and 4M performance options
Nice to see management participating!
Funny though that Terry is buying smaller cakes than me when I was accumulating..
Agree - good to see a few of our Directors participating
Shouldn’t be any surprises in the quarterly Monday, but hopefully something interesting at the investor webinar next Thursday.
Talga trying to go for a afternoon run.
The heightened investor interest and share price run for RNU likely attracting more general interest in graphite stocks. The Syrah & Novonix deals with the US Gov’t also helped the profile of the graphite sector recently.
Expecting the binding ACC deal to drop by Nov 30, but can also expect the 2nd resource upgrade for Vittangi to be not far off either.
The heightened investor interest and share price run for RNU likely attracting more general interest in graphite stocks. The Syrah & Novonix deals with the US Gov’t also helped the profile of the graphite sector recently.
Expecting the binding ACC deal to drop by Nov 30, but can also expect the 2nd resource upgrade for Vittangi to be not far off either.
WheresTheMonkey
Regular
To reach the AGM all refreshed by Thursday MT must be returning by Perth time am tomorrow (Wednesday) hopefully with a binding agreement under his arm to sign by tomorrow for release to ASX Thursday am.
I would be very surprised if it is released after the AGM otherwise he will be peppered with questions at the AGM and he might cop a few broadsides as well.
And yeah being a holder of Syrah and RNU I think you are correct about the rise of interest in graphite.
A light bulb moment ..........?
Yeah I’m hoping Mark can get the ACC deal done while he’s over there and we get that PS Announcement tomorrow morning or Thursday! However, having been a shareholder in TLG for quite a few years now, Mark does have a track record of leaving announcements right up until the last moment - so I’m bracing for a 30 Nov deal or extension!To reach the AGM all refreshed by Thursday MT must be returning by Perth time am tomorrow (Wednesday) hopefully with a binding agreement under his arm to sign by tomorrow for release to ASX Thursday am.
I would be very surprised if it is released after the AGM otherwise he will be peppered with questions at the AGM and he might cop a few broadsides as well.
And yeah being a holder of Syrah and RNU I think you are correct about the rise of interest in graphite.
A light bulb moment ..........?
There’s also a chance that while he’s over there, he may be inking our second non-binding supply agreement. He did say on the investor webinar several groups have finished qualification and are in price negotiation with.
I was giving some thought to whether groups like FREYR will have the financial means to absorb future price increases of TLG anode versus a Tier 1 automotive company. The market FREYR are supplying being ESS I suspect is more price sensitive where energy groups would just want the cheapest cost effective solution to store energy. In contrast, groups like Mercedes, BMW, Tesla etc have premium auto brands that can differentiate to climate conscious consumers that their car is not only high performance but also low emissions. I don’t have any data to back this up, but just a thought on who Talga might prioritise to ensure they get maximum price for their anodes as demand outstrips supply and prices increase.
After i asked the question to Mark about cathode additives at the investor webinar, I’ve been trying to look into pricing they get for their Carbon Black (Super P) with limited success. The size of the opportunity on the cathode side of the battery cell for Talga is not accounted for at all in the DFS and revenue assumptions - so very interesting to see when more can be announced on this. Interestingly, Imerys which sell the Carbon Black is also a synthetic graphite producer in Europe and recently announced they are going to invest massively in a lithium mine in France. Could be some interesting synergies or competitive rivalry between Talga and Imerys to keep an eye out on in the future. If I had more spare time, I’d do a deep dive on this.
Finally, I came across some very interesting info regarding RNU and POSCO, which i better not share just in case its PS, but is relatively near term to keep an eye out for!
Eerie similarities to the LKAB/Mitsui triparty negotiations with the overlapping AGM that was held prior to LKAB pulling out so I’m definitely feeling a little anxious but still hoping for the best.
Hopefully you’re right and we’ll be on the right flip of the coin this time.
Hopefully you’re right and we’ll be on the right flip of the coin this time.
Hi TentCity, great to see you’ve also tried to hunt around to see what pricing Imerys Super P Li was fetching.
It was tough to find with a lack of resources/info online, coupled with me not being an expert in the field of carbon black.
From what I did find after viewing the webinar, I saw retail $89.50 for 50g (not what Imerys was asking though).
However, someone may want to correct me, in case I’m way off the mark here, as it is not my domain at all.
Please see the link below.
https://www.msesupplies.com/product...or-lithium-ion-battery?variant=31819778162746
As you pointed out TentCity, the scale and numbers TLG will generate aren’t listed anywhere. However, this extra revenue potential continues to reinforce Talga’s diversification and what a dynamic company it is. These additional numbers will only enhance the profitability (on top of the existing DFS)
You’re right, Imerys does have solid revenue too. Total company revenue was €4.4B in 2021, but noticed costs are high affecting profitability. However I’m not across the company’s financials at all and only briefly checked them out.. I agree with you though, they have an exciting opportunity which just got announced a month ago with their EMILI project, which they’ve stated a game changer for their business.
Hoping that adds some value on Super P Carbon Black. The numbers could be incorrect, and not reflect wholesale prices, yet it continues to intrigue what this company is doing via R&D and the capacity to eventually deliver.
Yep, here’s hoping MT can ink some more deals left, right and centre whilst he over there!
cosors
👀
You are talking about Imerys. I don't know them. Would any of you be willing to explain to those of us who don't know them what it's all about? Sure, I can read between the lines and do my own research. But we are a community. You have already done the work. I am curious. Please bear with my laziness.
WheresTheMonkey
Regular
Our AGM is tomorrow and this annoys me no end
23 November 2022 ANNUAL GENERAL MEETING ONLINE STREAM DETAILS
Renascor Resources Limited (Company) advises that it will host an online webcast for the Company’s 2022 Annual General Meeting on Wednesday, 30 November 2022 at 11:00am ACDT (11:30am AEDT).
Shareholders that cannot attend the Annual General Meeting in person at HLB Mann Judd, Adelaide, but have a specific question or comment that they would like to be addressed by the Board, please submit it in writing to jvanderhoek@hlbsa.com.au with the subject line ‘Renascor Resources AGM Enquiry’, by close of business on Friday 25 November 2022. Register for the webcast using the link below; https://ccmediaframe.com/?id=ytaxllgo
23 November 2022 ANNUAL GENERAL MEETING ONLINE STREAM DETAILS
Renascor Resources Limited (Company) advises that it will host an online webcast for the Company’s 2022 Annual General Meeting on Wednesday, 30 November 2022 at 11:00am ACDT (11:30am AEDT).
Shareholders that cannot attend the Annual General Meeting in person at HLB Mann Judd, Adelaide, but have a specific question or comment that they would like to be addressed by the Board, please submit it in writing to jvanderhoek@hlbsa.com.au with the subject line ‘Renascor Resources AGM Enquiry’, by close of business on Friday 25 November 2022. Register for the webcast using the link below; https://ccmediaframe.com/?id=ytaxllgo
Hi Cosors
Very happy to share what i am thinking - particularly with you given the amazing level of research and generous contribution you have made to this forum!
I will state upfront that I don’t have a particular agenda or theory to put forward of exactly what this means for Talga, but I am just genuinely curious of this lesser well know part of Talga’s future business opportunities.
A good starting point is this thread by Simon Moores (Benchmark Minerals) on Twitter regarding the significance of Imerys announcing its decision to invest >1billion Euros into the development of a lithium mine in France. It also references their exisiting investments in synthetic graphite production in Switzerland and supply of carbon black to Li-ion battery manufacturers (otherwise known as a cathode additive).
Mark Thomson has been speaking more confidently in recent investor webinars (and also included in investor presentations) regarding Talga’s potential to supply cathode additive using their in house graphene technology to supply this market as a competitor to Imerys’s Carbon Black (commercially known as Super P).
I asked the question in the recent investor webinar what size this market is and what value it could be to Talga. The answer was that cathode additives constitute ~1-2% of the total cathode market and he was reluctant to put a $$ figure on it due to commercial sensitivities that wouldn’t be in our financial interests to state on a public webinar. Instead, he suggested to look up Imerys’s sales of Super P to get a sense of what that is worth. MT was pretty confident that Talga’s version of Super P would be more attractive to Li-ion battery customers and customer offtakes are a relatively near term proposition.
I have been looking up Imerys financial reports in some limited spare time to get a sense of how significant this business is to the company; how much it is worth and therefore if Talga is successful, what market share we could realistically expect to target. Suffice to say, I haven’t had much success - so it is difficult to project what sort of volumes/sales price Talga could expect to achieve. Remember, this is a totally new market opportunity that is not accounted for in Talga’s DFS financial projections.
Interestingly, Imerys is also an existing synthetic graphite producer in Switzerland. Again, I don’t have the figures on the size of this business, but i suspect it is pretty small as otherwise we would have more visibility of it being a strategic asset for Europe given the vast majority of anode is imported to the continent.
That got me thinking of the potential synergies/competitive tension that may emerge between Imerys and Talga given they will be:
- Competitng directly on the supply of Carbon Black (Super P) vs Talga’s yet to be launched cathode additive product;
- Imery’s synthetic graphite vs Talga’s natural graphite. However, we do know Talga has the tech know how to mix and match synthetic with natural to achieve the appropriate blend for customer specifications;
- Imerys investing over 1billion Euros into a new Lithium mine in France and Talga have a potential lithium deposit at their Atik East tenement that was spoken about in the latest investor conference. Again, i asked a question of Mark about this deposit and it is clear, he would like to drill test that opportunity, but the priority is understandably getting the anode project up and running!
So, having said all that, it could all mean nothing or could Imerys be a potential mystery prospective ‘strategic investor’ that Talga often refers to alongside Mitsui that are interested in JV’ing into the project?
If not, how will Imerys respond to Talga cutting into its business sales/profits if they are reduced when Talga starts competing head to head in the anode/cathode additive space? WIll they choose to cut prices, collaborate or potentially try and takeover Talga to preserve and grow market share?
Imerys has clearly made a strategic decision as a mature business to go harder into the Li-ion battery supply chain - so I am just genuinely curious how Imerys view Talga……a strategic threat or a collaboration partner. Time will tell i guess!
TentCity,
Fantastic thread, couldn’t have said it better myself and you’ve listed so many valid points in a thorough manner.
Whether Imerys become a competitor/partner time will tell. If it meant partnership, that may be positive, given their long standing history & current market leadership in carbon black. This could be invaluable to TLG’s growth because as you mentioned, with the cathode additive market being so slim, hopefully we are well placed to have some of the pie too in the future, in what could be a niche but growing market.
And yes, cosors thank you for your tireless research; your continued contribution has been absolutely brilliant
I’ve inserted a quick YouTube from Imerys (showing it’s timeline for the EMILI project — which highlights the high grade quality and the size in Europe to be a leader in the lithium space). Beats reading their presentation which had some great info/material, but I’d rather re-read today’s awesome ANN from TLG many times over
Slymeat
Move on, nothing to see.
The following was reported on Linkedin
Talga provided an excellent case study on sustainable graphite mining in Sweden during our latest #Batteries4EU event 'Strengthening European resilience upstream in the battery value chain', in the context of the current Critical Raw Materials Act discussions.
The CEO Europe, Martin Phillips provided also an example of how sustainable battery materials reduces the battery carbon footprint. The carbon footprint declaration will become mandatory under the incoming new EU Batteries Regulation.
"Strengthening European resilience upstream in the battery value chain" - wound forward to Talga presentation.
Leading up to the hearings for environmental approval early next year, I feel this public affirmation of the positives of the project, and the need for the project, can only help the cause.
Talga provided an excellent case study on sustainable graphite mining in Sweden during our latest #Batteries4EU event 'Strengthening European resilience upstream in the battery value chain', in the context of the current Critical Raw Materials Act discussions.
The CEO Europe, Martin Phillips provided also an example of how sustainable battery materials reduces the battery carbon footprint. The carbon footprint declaration will become mandatory under the incoming new EU Batteries Regulation.
"Strengthening European resilience upstream in the battery value chain" - wound forward to Talga presentation.
Leading up to the hearings for environmental approval early next year, I feel this public affirmation of the positives of the project, and the need for the project, can only help the cause.
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I like the concept of carbon-free graphene - it's like the hole in the doughnut.
Slymeat
Move on, nothing to see.
It looks like nobody is interested in doughnut holes today. I can’t understand why!
Slymeat
Move on, nothing to see.
I may have missed your point. If you mean you like Borophene, especially as BNNT, as the concept of carbon-free Graphene, then I 100% agree, it is superior in so many ways. But then the doughnut hole reference makes no sense.
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Yes, but chemistry/ physics / fundamental laws of the universe, are nothing in comparison to the mighty power of marketing spin
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