Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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The general sector, writ large, is kind of on fire - again - led by ITM, which has regained all its C19-related correction and is taking out at least 10 year highs, up 17%. Ceres up 6% as well. This sort of thing matters and I'm pretty sure that's what's getting our share price moving at the moment. As I've said previously, we don't really need news just yet to get this share price back towards the placement price of 80p equivalent (or higher) - which was already a severely distressed price - if the already massively valued market leaders by size, like ITM and Ceres, are seeing this type of ambitious buying. IES is then likely to benefit as its enterprise value relative to those sort of names is ridiculously diminished, which I believe is what's happening. The capital raise, the very complementary merger, the improved quality of the management team, the focus on a full-court press sales effort, and the Bushveld investment/supply deal, constituted more than enough good news to get us moving from the suspension price in the first place. This is just a delayed reaction in many ways. Maybe we do get an RNS or 2 soon, but I never thought we needed it to see a material bounce, and this is now playing out.
oh, sorry, I did leave out something: you are the most aggressively clueless cottonhead I've ever encountered, scout. That last post was so breathtakingly brainless, that I have to 'read' it 3 times to try and find anything even remotely connected to reality. So there's that
Great, as you seem to be on your meds for a second, I'll be quick: your go-to 'wash,rinse,repeat' comments about revenue levels for IES are completely and utterly meaningless. Like in, you might as well tell everyone how many times a day you have to reach for your therapy rabbit, because that is just about as relevant. The largest names in the general space trade on massive price-to-sales, because realised sales simply don't matter much yet. That is how the stock market works. Companies like IES in early stage industries DO NOT TRADE on actual sales, but potential sales (you want to stamp your foot and insist that it never will have any sales and therefore the shares should be at 0 fine, I guess, but the odds simply don't favour that ridiculously exaggerated outcome), because the market profoundly understands that they are betting on potential. So the basis of the massive rally we've seen is simply the market being reminded that IES has enough potential in this new business area that letting the market cap fall to such exigent levels at 35p created an opportunity. The price has now doubled from when I arrived here to try and make this basic case for the shares and encountered you and your really, really, really angry 'counterpoint'. I am not the type to use recent history as a cudgel to drive home my argument, but in this instance, while you're on your meds, I will make an exception. I've explained this to you a half dozen times now, even though it gets more painful each time to have to pretend like you're worth the effort. But then Ignoring this simple lesson every single time takes you to Trumpian levels of witlessness and damages the small amount of sympathy some here might have for you as you struggle to make sense of the complicated world around you.
And the meds wore off. Back to black
Look, on the one hand, i'll be damned if I'm ever going to let some horny squirrel have the last word, no matter how desiccated its cognitive centre may be. On the other, I'll continue to post mainly when I'm needed by real shareholders. This thing has now doubled back to a level that's still 7.5% BELOW where some very smart people backed a significant capital raise into the teeth of a market crash; ie., with a bit of help from the company, we're just getting started.....
You're like some kind of bipolar monkey swinging between incoherent financial gibberish, spectacular failed attempts at mockery (maybe the most pitiable activity of all), and frantic attempts to catch me out on something trivial so somehow, in your tiny mind, you have a gotcha moment. Looks like you're all excited about the latter this time, so let's try to calm you down and run through a couple of numbers. The share price is currently 72p; it bottomed recently at around half that level, which means it has now doubled from recent lows as advertised. Other important prices were: 1. the price we were suspended at, which was just over 1p in old terms; and 2. the placement price where the merged company raised money and then relisted, which was 1.65p. The merged company did a 50:1 consolidation, which means those prices translate to 53.5 and 82.5p. God help us all, but I think you may be manically pulling your pud in excitement because I wrote 80p instead of 82.5p, having misremembered the placement price as 1.6p instead of 1.65p.
Honestly, all you've done is string together a bunch of words, almost-words and abbreviations. Not a single coherent thought. Jesus, you can't even throw out a half-way decent insult. Otherwise, you're an idiot. I'm sorry to tell you, but your condition is untreatable.
One cannot explain to an idiot that it is one
Ah, but those on the front lines trying anyway, never tire of hearing others say that