Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Montmuzard, the negheads will be calling you a notorious ramper, no doubt! Very good thoughtful posts of which we get fewer as time goes on. I would be very surprised if they announced that they are going to mine. I think that would have happened well before now.
The most likely thing is we are waiting for final signatures on a deal. Maybe the Court decision in June is relevant, maybe not - we don’t know. Your expectations are on the low side - you are factoring in an enormous haircut as well as a sales tax! I think a sales tax of 15% might well satisfy the authorities - but maybe only if something like fair value is achieved. Maybe there is pressure from the authorities to achieve that. Our BoD could well be in a pressure cooker and not all the heat is coming from disgruntled shareholders!
My view too Offler.
Builder the recent comment from Trump that he is willing to provide military support to Ukraine but only as loans suggests that he is unlikely to really have a plan to end the war, and foresees a future with a Ukraine able to repay the loans, so I don’t think Trump will offer a solution.
Montmuzard,
Clearly sold the stockpiled concentrate? Can you provide a basis for that comment or did I miss an announcement?
I still think the main issue with a company or asset sale is the availability of potential end users for product, companies that have imposed sanctions on Russian products, reduces the market place for the product which in turn reduces the price.
Good discussion. I'm not convinced that Trump would be able to end the Russia/Ukraine war within 24 hours of negotiations if/when he regains the role of POTUS but that's just my view.
Nice to see some balanced musings 👍
"You were obviously a shareholder whilst the shares were trading around 40p, do you think they’ll reach those levels again or do you see them ultimately trading / selling for less ?"
I have no idea, and I've held all the way down from that level. Hindsight is a wonderful thing. I've got various outcomes sketched in my notebooks, and at present my lowest anticipated price is around 20p for everything and the highest goes up to 56p. My hoped-for price is somewhere around 44p but I'd be more than happy with low-20s. I know plenty of people are expecting less (10p-15p) but I personally just do not see that given the value of the assets in-ground and the time it has taken.
Thanks fellas. One other explanation, I suppose, for the ongoing mothballing - which could cast doubt on my optimistic reasoning - is that they cannot develop the mine due to sanctions. But three things would, in turn, cast doubt on this as an explanation: (i) the fact that the company have told us repeatedly that they are not affected by sanctions; (ii) the fact that, as we know, their metal basket is largely excluded from sanctions; and (iii) the fact that they have clearly sold the stockpiled concentrate, while doing an awful lot of work at WK, which implies that they can mine successfully.
So, I think it's clear that doing business in Russia is difficult in general because of sanctions, and they would rather stay as far clear of sanctions as possible so as not to get caught up in then, but I don't see that sanctions would be the explanation for not triggering Sino in the even that there was no deal on the table. Ergo, there is a deal on the table awaiting some kind of trigger to move to binding.
A final thought: with everything going on the Middle East, the polls are looking dire for Biden at the moment. This could change, especially if Trump goes to jail. But if I were a bidder with an in-principle offer awaiting a rubber stamp - particularly if that offer enjoys some kind of haircut and war discount - I would be getting quite nervous about the US election coming ever closer.
Good post Montmuzard, I guess the £3.50 you mention was predicted by a very positive poster prior to the Russian invasion of Ukraine. It’s seems very, very high to me.
The rest of your post resonates with me, it’s frustrating that we haven’t been advised of the increased value ascertained with the new DFS and the lack of comms from the bod.
You were obviously a shareholder whilst the shares were trading around 40p, do you think they’ll reach those levels again or do you see them ultimately trading / selling for less ?
Mont, always enjoy your well thought out and balanced post, cheers.
I agree-led by Tilly who was like the pied piper with a team of lemmings willing to follow him along the plank with his nautical rubbish.
Remember ‘guess the date of the next RNS’?Spot the Ball for idiots.
Shameful ramping throughout
Mont, great post 🤝
Ibizamatrix, thanks for the pleasant and honest response. I too have been here a long time, and agree it’s all 50/50 now. I continue to believe the Bod, are still trying to get some kind of deal over the line, but what do I know, I’m thick as two short planks, according to the resident experts on here, telling us all it’s a scam, etc, etc, time will tell, it’s all we have left. GLTAGH.
I've been here for getting on four years now and don't think it's a coin toss. That would imply it's a 50/50 likelihood of success/failure. I still see, personally, that success is considerably more likely than failure: at least 80/20, depending on your definition of success. Obviously nobody expects Hoochy's £3.50 but I still anticipate a decent return from this point, even with any haircut, and have almost trebled my holding over the past 18 months.
To my mind, short of expropriation - and the Russian state has shown no inclination to actually expropriate friendly companies - the outcomes range between a sale of assets of varying magnitudes, depending on offer prices and potential haircuts, and no sale, with the company then having little choice but to activate Sinosteel and starting to build the mine, which would only add value over the longer-term.
However, it is hard to believe that the company would have mothballed development for this long if they were not confident of getting a sale over the line. Which in turn begs the question of what might be holding things up. I can see two explanations: one is the due diligence requirements of any buyer, which in turn highlights both the successful DFS on Monchetundra last year and the recent court cases (i.e. the Kosvinsky Kamen tax one and the Queeld share certificates one); another is negotiations with the state on acceptable sale prices and haircuts.
It's fairly obvious now that the court cases are almost resolved (and, moreover, resolved in the company's favour) so surely it stands to reason that this should remove a final obstacle to a binding offer materialising. Indeed, some people have received communications from the company's PR people that they will now only update shareholders in the event of a material change. What other material change could there be, in such a period of enforced silence, than a binding offer? If the Russian state is then the second obstacle, my view is also that a big part of Artem's role has been to quietly prepare the ground in advance to smooth the transaction once that offer does indeed arrive.
Hi Lenoman, I have been invested here since 2016 and thought that the sale would be over the line well before Feb 2022. After being invested for so long, I am happy to keep holding and I admire your recent buy but I think this is now a coin toss despite the ACF valuation back in the day and the BOD, NOMAD and RNS hype around this share. Sadly, even the external professionals, banks etc have been unable to get pen to paper despite the massive resources/reserves and global demand for PGM. Great to see some old names still posting.
GLA
B1ll the bell......at your service 🔔👍
“45p won’t cut it”
Guess that rules you out, MAB
Faultless five there, B3llend B1ll!
The ramping was absolutely insessant a few years ago and anyone with even the slightest concern that we might not be buying Lambos anytime soon was rounded upon and drowned out by pages of posts by the usual suspects. Some folks were particularly nasty, I think I recall Spotify being particularly insulting which I suspect was a ploy to make sure any threads which didn't suit a rampy agenda were removed.
Whilst there was some deramping given the current situation it's difficult now to determine if it was that or if they were just actually right.
About 10% are notorious for providing this board with intelligent and well-reasoned posts.
1. ...Richard.
2.....Richard
3.....Richard
4.....B1ll
5.....Stretch
here’s a question because i’m bored and stuck on a long train journey, who have been the worst / most notorious on this board for
1. deramping
2. ramping
3. talking absolute ******
4. intelligent & well thought out posts / theories
5. trolling with no reason other than to simply troll
it’ll be interesting to see what names crop up and if they still post on these boards or if they got banned or closed their accounts
Crypto…it’s named General EUA chat which you can find on telegram, I am not sure if you can join ATM sorry not a MOD.
1 million bought this am, so far, any news would be more than welcome to all still invested.
I think beasty comment roughly translates as - plenty of reasoned commentators that only want to hear their ‘reasoned’ comment.
Ergo, Telegram is just a juiced up extension of the extra rampy rubbish we’ve seen on here, or at least it was when I was in the group a few years back.
You’re not missing anything cryptochump