Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Over £50000 worth IN 1 hit this morning. Biggest buy i've ever seen here. GLA
Buys to sells: 9.5 to 1 including a £51k buy and the SP treads water?
Mike and his team need to come up with new information that will entice the market, not the same old updates such as in Bluerock twitter. Diamond market may be recovering but we really need BRD to recover, then only we can see the movement. They need to start flowing news such us monthly production update not quarterly (to show company is on track according to guidance), transparency on the cash position from both before and after sales (Sept 2020: £2.1m), commissioning of crushing circuit seems to have postpone further again and so does the rest of the plant installation. Can't see any of the good news to be imminent for making a difference in the share price performance. Seeing three large stones in the same month of December and expecting that we may hear from BRD of finding at least one big stone every month was very ambitious.
My belief is that the investors who bought in at the last rights issue at 35p have now sold out at a decent profit. We need a decent run of positive RNS announcements to get long term investors onboard.
Looking forward to when more than nine people trade this in a day. Then we should really take off. No real sellers or buyers, just need some more news and the share price will change significantly.
I agree BRD looks far too cheap! Not sure about net profit exceeding Mkt. Cap. being too optimistic - could it be multiples?
I'm convinced there will be a Commodity Surge where all values will rocket and undervalued diamonds will benefit especially.
Company have guided b/e production 400k tonnnes, but will process double that in 2021. Work u thos extra carats within guidance and 2021 net profit exceeds current Mcap. I expect that's too optimistic, but even if you halve that net profit expectation this looks way too cheap.
there are risks ; weather, Covid, and operational disruption during transition to the upgraded plant. But the risk/reard balance looks good imho.
even at the lowest recent price gained per carot of US$ 295, the annual potential production / cashflow before subtraction of capex, operating and fixed costs, taxes etc. is more than the current market cap. of the company....And that's before making any allowance for the occasional larger stone that pops up!
Couldn't help myself and doubled my holding. 10 years or production with more to come. Even if it regains the heights of 2018-19 there is a lot of money to be made here. Just have to wait until the masses hear. Seems to be a secret share at the moment where a very few buys/sells have a significant impact.
Hate to be the person who sold about 20 minutes ago. What went through the head? RNS out today, clear indications it would be higher yield and they sell.
"I am pleased to note that the Competent Person, as a result of the mining to date, felt it appropriate to upgrade a significant tonnage of our resource from Inferred to Indicated. This recategorization further strengthens our confidence in Kareevlei's future."
Overview
· 49% increase in net tonnes to 10,368,300
· 53% increase in net carats to 516,200
· 19% of resource upgraded to Indicated Resources
Just invested in here over the last two weeks. I was particularly impressed by the expansion implementations in 2020 despite Covid and of course the value that's half of January 2020.
I have to say I can't remember a time I could track my trade so easily on the 'LSE trades' - ten today, of which I was one. Decided to add after the Twitter feed from the last few days. Could you get any more obvious?
This share appears very thinly traded. A decent upgrade on Friday (and why else would the co be tweeting it so aggressively?) could well see a significant rise, I'm guessing.
Agreed It seems like a well run business with simple clear shareholder communication and strategy. I am in at 47p and looking to double this year
I've added to my holding yesterday which has pushed my average up slightly but happy that the market hasn't woken up to this news of a material increase in the resource that will be announced on Friday. Add in the encouraging news regarding prices per carat recovering above pre-covid levels should see this above £1. Hopefully they will announce the results of the January tender soon.
https://twitter.com/_BlueRock/status/1356532396070490114?s=20
This just tweeted again. same as yday. Really waving a big flag here, market not waking up to it.
BRD are saying the percentage upgrade is material, so I would hope so.
Anyway it's looks like good news on Friday!!
Any expectation here? They mentioned significant changes increase in the resources
That RNS will create some fun over the next few days.
Edale Europe Absolute Master Fund increased holding to 8.97% , that was the two large 50-60k buys in the last week.