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https://www.irishtimes.com/business/energy-and-resources/shutdowns-affect-25-of-power-plants-at-any-one-time-says-report-1.4699793
"Figures in the national electricity grid operator’s Winter Outlook report show that the rate of “forced outages” – where unexpected problems force power plants to stop producing electricity – has increased every year since 2016."
Why assuming you can rely on the UK and the rest of europe is dangerous.
https://www.irishtimes.com/business/energy-and-resources/gas-shortages-what-is-driving-europe-s-energy-crisis-1.4700722
Indeed Tesla, particularly when Ireland is forever teetering on the verge of a major falling out with the country they most rely upon.... I don't know how Minister Ryan manages to sleep..
They aren't just reliant on the UK for natural gas for heating and burning in their power stations either. They import anything between 7-10% of their electricity from us as well via the Easy-West Connector.
Let's hope for their sake Boris doesn't engineer a major meltdown in relations. I'd not put it past him, nothing better to detract from domestic problems by picking a fight with Johnny Foreigner
https://en.wikipedia.org/wiki/East%E2%80%93West_Interconnector
Nic by act of the British Parliament Ireland is not considered a foreign country nor Irish people as foreigners. We are seeking a relationship with these folks. Tread softly.
See from article link posted below. I find it hard to believe this but this certainly appears to be a quality industry publucation-
"The UK only has 1% of its annual gas demand in storage, giving it one of the lowest gas storage capacities in Europe. This has left the UK much more susceptible to supply issues than other European nations, which hold as much as 30% of their annual demand in storage"
However, I was pleased to discover whilst this is certainly a worry for the UK, Ireland has zero percentage in storage and has had no storage facility, since the one Kinsale shut down in 2017.
What will it take for Minister Ryan to see sense- I'm hoping for severe energy shortages this winter for our islands. If we go short the Irish go shorter, that's for sure...
https://www.energylivenews.com/2021/10/13/gas-storage-project-gets-go-ahead-in-light-of
-energy-crisis/
“ I'm hoping for severe energy shortages this winter for our islands. If we go short the Irish go shorter, that's for sure...”
Nicidemus - I must admit that I find the fervour with which you wish for crisis, presumably affecting you and other people you care about, a bit bizarre and unsavoury… are you that desperate for this to come good? I want it to, and I’m pretty confident it will but I wouldn’t wish gross misfortune on others to enhance the prospects.
Let them eat tatties
To all those that have gotten their knickers in a twist (PC on steroids) over Nico's comments on the Ireland situation, I would seriously suggest you read his posts over many months (he had to change handle name but it is the same poster).
And see that he has a) been on stag duty on the Ireland situation pretty much all the time, ensuring we were all alerted to developments/news there and b) has also been very informed and insightful on Morocco and T&T.
Posters like Nico are very valuable on opportunities like PRD because there is limited research outside of here.
And I am very gratfeul fo read his stuff - because then I am more likely to take a better informed ivestment decision for having had more information to calibrate.
Those having hissy-fits over political incorrectness should weight that up against the information loss we would have if the likes of Nico decided not to post.
Some people really need to get over themselves and stop running around trying to find something to be upset about.
Sefton,
This isn’t an attack of the woke brigade, PC, or anything similar. Just basic decency and values.
I acknowledge that Nic has been a prolific poster with some interesting stuff shared. Like I said in my previous post, I just find it sinister wishing suffering in some way to further an investment case.
I would further wish to observe for the record that Nico (and he and I had some contentious issues before, so this is hardly "praise-singing") did not make any statement that was not factually-based as regards the Ireland mess.
No-one sane would wish misfortune on others or to seek to profit out of someone's misery.
Nico simply observed that both Ireland and the UK have very little gas storage capacity.
They will both need to sort out the gas issue.
PRD stands to benefit - from the total incompetence of political leadership.
Had these government clowns reacted earlier, PRD would have made less money - but much faster.
Now PRD stands to make much more money - but it was delayed while the Irish government dithered and played Coco the Clown.
My submission is that Nico did nothing more than point out those facts.
LochNez you certainly spoke for me. Thank you
Sefton - being polite, I can only assume that your ability for comprehension has been compromised in your race to 1000 posts (only two to go…)
“Nico … did not make any statement that was not factually-based as regards the Ireland mess.” - How do you qualify the personal wish for ‘severe energy shortages’ as fact based? In your next line you go on to qualify the person you’re defending as ‘insane’ if evaluated against the merits of your statement.
LN,
This discussion is not helping anyone.
I did not AT ALL suggest Nico was insane - just read my post. Quite the opposite.
What I said - VERY CLEARLY - was that I felt Nico had added very significantly value to this BB by his comments and research, especially on Ireland (which tends to sometimes get less attention from posters).
I felt he had done sterling work by often brininging information to the table.
That should not preclude him from being then able to express an opinion on said information.
Which he sometimes (not always) does.
And he tends to express his opinion in pretty reasonable terms.
But if something is a turnip, there is no reason not to call the bloody thing a turnip.
Which the Irish energy situation is.
I would further observe that his comments were related to how this could affect PRD's SP/VALUE (you can pick or choose).
A comment/information on a situation that could affect PRD's SP/VALUE should surely be of interest to any open-minded investor/reader on the BB??????
This PC/woke stuff has really taken on the infection rates of a pandemic.
Oh, wait.....pandemic????
Sefton I read your post perfectly clearly, and by extension of your words you very clearly indicated that Nic is insane.
You said “ No-one sane would wish misfortune on others or to seek to profit out of someone's misery.”
Nico directly wished misfortune on others (all of us living in the British isles in fact) with his wish for a ‘severe energy shortage’ in the post I commented on. So by your own definition he is not sane. (By the way, I don’t think Nic is insane).
I’m not ‘offended’ or seeking any apology. This isn’t woke or PC. I simply told Nic in relation to his one specific personal opinion that I found it a bit weird. It takes all sorts…
LN,
Read my historic posts as regards you - though you often post some great stuff.
I expressed very significant reservations about you fairly on in your passage on this BB (it took me a while to sense that something was astray because your post are often so good).
Just something strange in that. Bit odd, really.
And then F&M - who often posts great stuff him/herself - comes right into back you up.
hmmm??????
And, before you start yelling like Tom58, I am no general praise-singer and certainly not for Nico (read some of the uncomplimentary stuff he wrote about me).
I do, however, have a nose for VALUE.
That could be in the SP or the special dividend/whatever mechnism is used to crystallise VALUE.
But, on the journey to VALUE, the most important thing is information.
And Nico has done truly sterling work on sharing information.
The last thing anyone sane on the BB would want is people being scared off from posting because of the woke brigade.
You certainly have a nose for something :))
Sefton,
It is interesting that rather than address the direct inconsistencies in your ramblings, you just revert to trying to accuse me of being a troll.
You are correct, if you check your posting history, you did indeed express reservations about me on my first posts. They were not negative, they highlighted points about the CO2 strategy which have since borne out to be true.
I suggest you check my posting history. Some balanced thoughts yes but not one negative sentiment on PRD. (Why would I begin trolling at 5p, rather than the high teens btw?).
Your ‘protector’ act is so tiresome. Please start posting something other than baseless accusations (or the word value in big letters.)
Sefton, defending “ I'm hoping for severe energy shortages this winter for our islands. If we go short the Irish go shorter, that's for sure...” is indefensible.
Sefton berating others for running around looking for something to be offended, led to me laughing my maccoroni shaped cokc off!
I hear also that seftons remark is now listed in the Oxford English dictionary as THE definition of "irony"
PWooly,
I suspect, though I have no reason to know - Nico and I have never spoken or emailed - that that wording could have been better done (I would not necessarily suggest Flagstaff be called in to advise on wording).
Nico can entirely defend himself if he chooses so to do but I suspect there was not malign intent at all and rather an observation as to how the total incompetence of politicians in the UK and Ireland may actually benefit us - the shareholders in PRD.
When PB has been wheeled out to post, you gotta know they are really having to find anyone - ANYONE, indeed ANYTHING - on a Sunday morning to post.
To any that may think this is all jsut BB differences, please read my post.
95-5 weighted AGAINST MEM's calculations (and it is no secret is regard MEM very highly indeed), it comes to VALUE (which could reflect in SP) of 82.5p (5% of the tcf calculations on Morocco alone).
If I am wrong in that weighting, please stand forward and explain - in real numbers - why I am wrong.
Rather than nmuck about getting upset because someone said something about energy prices going north - just go to a bloody gas station to see he was not wrong!!!!!!
Apologise and move on man.
Sefton you are just not getting it. Nico makes very many really good points about the political/strategic situation and how that’s shaping to benefit PRD shareholders. The malice bit is the wish for a severe energy shortage.
Im very sorry indeed that the discourse has led to the involvement of others.
When I checked in and saw 18 posts I thought something of interest might be occurring, how wrong I was.