Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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At roughly 7.1bn shares in issue, an sp of 4p would value the company at around $500m, over 1/2 of PMO currently (sorry for changing currencies). With zero production/income. Rough figures. How many on here think this likely? 2p I can see. But previous talk of 40 - 50p seems utterly ludicrous to me! Not deramping, as I have a vested interest in the sp going northwards, but some people's expectations seem a tad unrealistic.
If some people truly believe the sp will only ever rise to 2/4p, why have they tied up their cash here for so long? Rather than believe the views of the uninformed guessers, I put my trust in the genius of the sadly-missed Paul Basinski. His research suggested that there are 3.6bn barrels of oil recoverable in the HRZ alone. That is why I and no doubt many others are invested here. Add on potential conventional resources and multiply it by the $3.1 average paid for oil in the ground and then our value would surpass the cmv of PMO. If folk can do the sums, why are they saying it's not possible? Even if we only recover commercial oil in quantities of a fifth of what we hope for, the sp will be many, many times what it is now. Of course, I accept we might have no commercial oil whatsoever. But if people truly believe that, why are they invested at all?(Many of the detractors are of course not shareholders but seem to get a bitter and twisted satisfaction from taunting those who are invested). I am hopeful, indeed confident, this will come good. But if we are lucky, and people can count, why do they say the sp will rise to 2/4p at peak? It defies logic and I wonder why they do it. And if people start to bleat about being realistic, then please read the above carefully.
11:15 To a certain extent I agree with you, but you are dealing with recovery of oil, i.e. when/if they extract it and become an oil-producing compay. Just to know it's in the ground doesn't help much. Look at RKH. Only 458m shares in issue, so about 1/15th of 88e, and their sp is currently around 17p. If they had 7.1bn shares in issue, their sp would be just over 1p. And they're sitting over an awful lot of oil too. My point was that those who think the sp is going to jump up to 40-50p are (at the moment) a tad unrealistic. Will be different if the oil is there and they either sell up or produce. But latter won't happen for 4-5 years at leat.
11.15 - great stuff Islayman. 11.55 seems to miss the point imo and best for all to visit 88e website and refresh what type of company we are. Those invested here know where the SP value resides and which processes will unlock that value. VGLA
TD...thanks for your reply. But with respect, 88e never set out to be a producer. The whole tenor of the company was to prove up sell up as soon as possible, for the benefit of shareholders. We not have the resources to produce and it was never intended that we should. So any talk of us being here in four or five years time is disingenuous. And majors are paying an average of $3.1 for oil in the ground...so why would that happen for other explorers and not happen for 88e? (should we have any commercial oil at all).However, your opinion is just as valid as mine or anyone else's and I thank you for the debate...always stimulating!
Methinks TD has sold out Islayman!
88E was NEVER going to be a Producer of oil - that was NOT in the Terms of Reference
Only TEN working days until SPUD!
No problem Islayman. And Jiddy 12:20, no. I'm still holding. :-)
As per what usually happens in that situation a deal will be sitting on the table depending on size of discovery proved GLA not long now
erm.... Americaism Billions, UK billions. Exchange rates aside.
I think the casio calulator needs new batteries.
7,110,000,000 share issued at 1.3 is approx 80 million Mcap.
800 million Mcap is 13p in my head....I not sure as Jiddy said what realism they are after, Mcap , amount of oil in the ground? the value selling up? or has someone moved on ?
A consolidation might be a good idea at some point.....as my casio has run out of digits.....
Am I right in saying consolidating of shares is
For every 5 share you have it will be reduced to 1???
Is that standard or are companies all different?
yes, you don't loose money, neither does the company. you just end up with less shares and a higher SP.
Thanks FarAway, I did read that just want clarification of my findings. Thanks for confirming
10p would be nice...you just never know
I suppose with a SP of a realistic worthwhile amount it could be. I know nothing about consolidating of shares so not really sure good or bad.
17:09
smokin see attached link, main thing is to understand the reasons why share consolidation may be proposed, at the moment seems to be no reason.
https://www.insideinvest.com.sg/shareinvestor-resources/2012/05/25/share-consolidations-and-share-splits/
Brom - I think Dave was asked about share consolidation at one of the recent London gatherings. He said it was not on, as far as I recall. Do you remember this, and any more details?
Thanks Brom,
kinda makes Sence for a company to tidy up a business in such a way really.
19:27 DW has been repeatedly asked about consolidation and has always responded to the effect of "why as a major shareholder should I wish to wipe 15% off the value of my holding" my words not his and I am working from memory about that 15%.
19:28 in days of computerised holding the number of shares issued does not really alter the administrative load, hopefully if we consolidate it will be for the "right" reason, interestingly another "penny stock" did have an institutional investor buy in which seems to be not per the normal understanding but proves nothing is impossible it seems.
"Q There has been recent talk on the message boards regarding possible consolidation. Can you advise if this is something you may consider in the near future or if your thoughts on this remain unchanged (ie. That it would do more harm than good and there for isn't something you'd consider at this stage).
A We have made our position on this VERY clear. We will not consolidate unless forced to or there is a clear value point on which to do it (which usually means reserves and production)." 23/07/2018
http://88ewiki.wikidot.com/questions-and-answers
I was at the last meeting in London & yes he was asked this very question and wholeheartedly said No.
In theory consolidation is just a reduction of shares and a commensurate rise in price. In the good old days of quill pens, that meant less paperwork to cart around in a wheelbarrow - but is meaningless in todays digital age. It usually ends up in a reduction in the value of the company of 10-20%. My theory is that some think that a sudden uplift in sp triggers a spike - that assumes investors are so stupid that they are ill informed. In practise, some may forget they have sell orders in place and end up selling cheap, others reflect on the admin cost of the excersise for no gain and decide to bale out. Whatever the reaction, it usually ends in tears. Some institutional investors will not touch a penny share -and to think a 1 for 10 or 1 for 100 consolidation would fool an II is to live in cuckoo land. On top of all that DW sees no point either - let's not go down that path again, we've trodden it to death already.
So many shares in issue and more will be pumped out as you point out quite often it’s better than the company having no money to continue their endeavours. The LTT ers (that’s long term traders ) all know really the old sp predictions are now not realistic. So the rule I tend to follow when you hear a price prediction that sounds nice , halve it, then quarter that figure. You will then have a 5 percent chance of getting an eighth of your money back. Welcome to aim all you newbies. GLA
Why believe anything Dave would say to you ? Why believe anything on these boards ? Would you believe me ? I wouldn’t !!
I'll second that, and take your advice not to believe you. DW on the other hand is a front seat driver with his hands on the wheel.
Having met some of the folk on these boards several times, I know those in whom I would be inclined to believe!
Not aware that I've met you 01234, so no - I may not believe what you might say here!! Respect, and all the best, anyway.
01234
Thanks for such constructive input
Nothing about infrastructure flow rate historic input
Daves quotes or even presentation
Meets or future prospects supported buy pmo investment
Just a negative knock on re aim
Cheers get a life
Have some structured input
And we
Might
Sit
Up
And listen