Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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I note, that for the Araguia Feasibility, there was a pre announcement on 25th October at 9am, detailing the time of the study release, conference call etc.
I wonder if we'll see the same for Vermelheo. If so, could be very soon.
Good point wolfie, I had forgotten that they "pre-announced" the PFS last year. Maybe they will do the same, possibly even later today(IF they are going to keep to their own timescales!) I am confident it will have a more positive impact on the sp than the previous one!
Big difference in the studies.
1. PFS Vermelho only cost circ £10m to add a NPV to portfolio probably over $1bill (how much would a company have spent to get this far)
2. It is a secondary project meaning despite what will be a high capex will not have to be found anytime soon, project one will help finance it and possibly with a partner, plus in no hurry until EVs are screaming for Nickel and it will easily be funded in a better market - Cleanteq has this to find from scratch
3. Its a bonus to current project already started its financing, it is in better Nickel conditions both price and demand and demand will only get tighter
4. Despite difficult HPAL other project will support it whilst it gets to full production rather than standalone
Me too! Although, in hindsight, the subsequant drop allowed me to increase my holding ten fold, and average down in the process, so I'm now all set for the future rises.
I note the pre announcement was 9am Thursday, for a release at 7am Monday. So my money is on a similar scenario, giving a release of PFS on Monday 30th at 7am, which takes it to the brink, but sticks to the script.
Thought it was worth a reminder, if, like me, others have a daily look at 7.01am and hope for the little 1 to appear on the live RNS graphic.
I cant get a buy quote for £5000 through Halifax. Very strange
Thats because MMs have pulled shares, you'll need to pay a lot more for them unless sellers give them cause to offer them lower again
Yep, currently 7.5% up
Got them through with a negotiated trade at 4.68
Do we have a bit of momentum gathering again?
I think they pre announced the Araguia FS because we had been waiting nearly 5 months, people were getting twitchy. Sadly the announcement was used to knock the share price.
So I would like no warning, but I agree with others when last discussed, please make it no later than this month.
Unless it is to announce a buy out, could wait a few days for that.
Nice little tick up but volume doesnt seem special. Unless trades are late reported?
Luke, yes, I could wait another couple of weeks for a buyout!
Morning all , interestingly this situ with the FS has been quite a riddle this time as the test work was completed on the 4/6 with the detail to be fused into the PFs which Jeremy had said originally it would be released early H2 ,he then said in July it would be released shortly , he then said mid year , he then said towards the end of Qtr3 ... it’s now close to the end of qtr3
Point being for me at least the delays were a tad frustrating at first but since that time we’ve had nickel rise to 18500 he gave us the resource upgrade on the third mine , he then come up with a royalty payment , the shareprice has almost trebled from its low point ,so I can’t help thinking (wishful it may be) that its all part of a cunning plan (black adder esq) and that something else ,news wise must be looming , as why else would it take TIL now where he’s already said in as many words it should be well received ... and realistically there is a hardly a tap of value for Vermelho in the current sp ...so altho i am no advocate usually for companies missing timelines ,in this case I’m with u Luke 2 as that possibility has to be pretty realistic in my humbles ... time will tell as always but exciting times 4 sure !GLA
Only concern is that once again the board fail to deliver on a self imposed deadline. Some might form the opinion that something being amiss.
Hopefully it will all be worth the wait and more.
Good luck all holders (back to the Rugby WC).
Only time will tell Catching.
My money is on Teck, no nickel mines, but they have the expertise and that senior man on the board who will have had a good start over others regarding number crunching.
Giving and then missing very specific deadlines on AIM is always going to result in investors thinking the worse, things often just take longer than expected. Surprises me that Companys do this, seen it many times. No news is never good news on AIM, just causes the jitters and creates a feeding ground for MM`s to nick cheap shares off worried PI`s. GLA