Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Blimey, one buy all day for less than a £10er.
Not one post.
Trades should be flying in now if the JV is knocking on the door. All seems bizarre !
ATB.
This should jump with the signed JV. Does seem very quiet, not sure the reason why market isn't jumping onboard.
'Forum in London was very well received'.
Really ? Not according to the market I'm afraid.
Something is not sitting right.
Hope I am wrong as I am well under water with this share and have been since the suspension of PAL which took place a few years ago.
CMET opened up around the 15p region from the shell I think so they need to double bag to get back to the starting line !
ATB
Perhaps one of us should have attended the conference. JV deal needs inking then it's a big rerate from here. NPV minimum estimate is $160M - pre significant resource expansion. We should be sitting at £80M minimum.
"We are aiming to close the considerable delta between our market value and project NPV"
Didn't they say the same thing in Octobers presentation.
I guess the easiest way to do this is to get the JV signed but getting it over the line is appearing difficult, especially if it goes on beyond the end of May
'Not sitting right' ? What a pathetic statement from a market ignoramus. Go and play with your Leggo bricks.
How ironic that somebody questions another person's intelligence whilst spelling 'lego' wrong.
What a muppet !
I was merely stating that a share which apparently is due to to rocket in the next 7 - 10 days had a massive 4 trades all day yesterday. The trade action was not sitting right with me, simple as.
If the JV is a 99% done deal then this share should be far more livelier in my opinion.
Not deramping in any way as I want this to multibag as much as other investors.
Go and play with your spelling books.
ATB.
The reason it’s not rocketing is because there is no Chinese money going in. It’s a relatively small Aussie producer that has taken a punt. They haven’t got that kind of money!
For me, the elephant in the room is after all that time and all that DD the Chinese chose not to invest. Why? Something didn’t add up for them. They’re smart cookies the Chinese. I wonder if their estimation of the capital costs and/or the payback were different to CMET’s?
It’s a blow to the credibility of the project that LB chose not to invest. But - even if they had - the dilution to CMET would’ve been massive. So it’s been a lose lose situation.
Sheffield have already helped finance a mine, which had greater initial capital costs than CMET's. They are well capitalised and I don't think raising £35 million capex is going to be a problem for them. I also don't think they would take a 10% position in CMET and then not conclude the deal. My feeling is that CMET preferred to go with Sheffield than the LB Group, who were dragging.
https://x.com/BigBiteNow/status/1793226121011429855
I don’t agree with your conclusion that LB ‘chose not to invest’. We know their terms previously were to take a large slice of the company for their investment. We generally concluded that we didn’t want that to happen and seemingly the board took that view too.
I support the board’s approach and we just need a few more days to the end of the month and all will be in place.
@DIbs - it could be that LB did not necessarily walked, but actually looking into the future CMET may have felt a little uncomfortable being tied so closely to the Chinese (I know I did). Sheffield for sure is in a different ballpark compared to LB, but if that's what's available and they can progress the project then we have to move on.
Interestingly Strandline has sold its Tanzania mineral sands to Shenghe Resources - another Chinese outfit.
Me too - much happier to be doing business with an ASX listed company. (Part of me wonders whether a Chinese entity was behind the licences getting suspended. It wouldn't have been a rogue minister and/or official acting alone, but would have been at the behest of a mineral sands player, whether domestic or foreign imho).
LW !!!
Please don't encourage this lot to descend down that rabbit hole! lol
PFG - okay, I guess it's irrelevant now anyway. Onwards and upwards with Sheffield, and hopefully an offtake deal with LB Group further down the line.