Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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You are still on filter but I expect I will take you off shortly. I logged out because I suspected that you would be still banging on and wanted to check. You have adequately demonstrated you have no understanding of investing or financial structures: I looked at the first line and didn't bother with the rest.
Locked In Ramper:
You could only take this view if you don't understand what it is that you are talking about. As I have said multiple times, I have mainly CLNs: how can I be locked in? The company can either pay me back or it can't. If it can't then we wind it up and we stand ahead of the equity.
The NAV is way ahead of any liability and so the equity would not be wiped out.
There is such a thing as a member's voluntary liquidation. A large shareholder last year wanted us to put the company into an orderly wind up and we said no. We said no because we anticipated the DRC licenses coming good and we expected the Migori licenses to be sorted.
If we had wound up then, the value would have been less than it is now. The DRC licenses have real value and Migori will soon be issued.
As to Migori, you have completely failed to understand the process that the company had to go through to get the licenses back. I have said repeatedly, the investors need to read the Kenya Mining Act 2016: everything has been according to the book. The MRB has recommended that the licenses are reissued: they will be subject to some minor paperwork requirements and the paying of a fee. Once they are dealt with then the licenses will be reissued. The KMA2016 and the MRB were put in place to reduce the discretion of ministers to manipulate the issuance and renewal of mining licenses: they are an anti-corruption thing. The BIG requirement in the process is a recommendation from the MRB.
The above is at the most a matter of weeks and possibly a matter of days.
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RRR/14232628.html
Migori is in the books at zero and is worth anything between $15mil and $30mil once the license is reissued.
As to the standard response, ah but Andrew Bell. Look up the Kenyan Mining Decastre and you will see that the license status has been updated as MRB approved. As to your next point, ah but obviously AB has persuaded the Kenyans to go along with his scam and all of the other crazy stuff you come out with...… well, yawn!
Once the Migori licenses are reissued and we make a bit of progress on DRC then the NAV here is serious number. If it doesn't get reflected in the SP one of a number of things will happen: a member's voluntary liquidation, it gets taken private or it gets taken over. It doesn't bother me much which way it goes.
Even though I know you don't: DYOR.
Locked In Ramper: "The time to buy assets is when no one wants them. RRR is a classic."
Ho ho ho, if I had a quid for every shameless ramping muppet that spouted this mantra on this board over the years I'd be a rich chappy.
The fact is you are the owner of some of the £1m outstanding CLNs here which you will never imo get to convert (convert price being 0.8p). One can only wonder how your clients must be feeling if you led them into this POS.
The 7yr+ charts here tell investors all they need to know about the imo appalling Modus Operandi of the BOD. Endless brutal dilution accompanied by preposterous expenditure on Admin and other expenses and a trail of failed ventures in far flung places.
Between 2012 and 2017 this BOD raised over £15m via dilution
In the same period they expended over £11m on Admin and other expenses.
It's plain to see where all the cash goes and thus where the value for shareholders here seeps away into nothing whilst enriching the bank accounts of the BOD.
They've now resorted to selling the "family silver" Jupiter shares, the only real asset of value imo. Not a great sign. Once they are gone, they are gone.
Countless millions raised via dilution over the years but today sat languishing with an MCAP of just £3m. Should tell savvy punters all they need to know. It's imo just a lifestyle venture for Bell & his cronies. DYOR
Well Mr Boo, if Mr Bop wants to engage in a proper conversation then I am quite happy to do so but what I see from him and you is non-stop invective. As to qualifications mine are degree in Quantitative Business Analysis and two fund management qualifications, 45 years investing experience and 34 years as an adviser/fund manager.
As to Curzon, I suggest you read the RNSs and no I can't comment on confidential information or inside information.
I expect to do very well out of Curzon, RRR and RGM in due course. RRR has been a bit of a wait but we are nearly there. The time to buy assets is when no one wants them. RRR is a classic.
If Mr Bop wants to discuss DRC in a proper manner, I would be interested in his fully informed and considered position. FYI I have had two mining geologists with knowledge of DRC give me their detailed view of the DRC assets. Their view largely concurs with the view of the geologist that RRR is using.
Musonoi is a Biggie, the issue is how big and the others are highly prospective.
DYOR
Yes Helpful , whats all this about CZN owing you £100k?
And try and have a bit more respect for Joebop he is after all a qualified geo and the only investor here that can boast has never bought into at any stage RRR or RGM.
Ah Mr Bop.
You know I can't comment on anything that is inside information. I am sure that any information that Curzon or RRR needs to put in the public domain will be in due course.
In any case, it is not an instance of getting lumped with Coos Bay. If it was a case of getting "lumped" then it wouldn't have been good security. I don't like CBM but there is no doubt that Coos Bay was and is good security but always DYOR.
It does look like the previous management of Coos Bay did not cover themselves in glory.
My lips are sealed.
I am confused though, I thought you were the one that knew everything and I knew nothing? Is that not the case?
Did you get your Curzon money or did you get lumped with Coos Bay instead?
Tick Tock, Tick Tock.
Every day is a day closer.
first post in a year. Same dribble on here. only difference is that the share price is even lower!!
I reckon Helpful has taken over RRR`s twitter account as well ! They keep posting bull****e day in day out !
https://twitter.com/Boardo65/status/1176644643187916802?s=19
In March, United announced an option to farm into Elephant Oil's Block B, Bénin. Bénin Block B is located onshore in the Dahomey Embayment (Coastal Basin) and covers an area of 4,590 sq. km (approximately 1.1 million acres). The Block is located to the west of Bénin's capital Cotonou continuing to the Togo border.
The Dahomey Embayment of onshore Benin is a frontier area, with no wells drilled in it to date. However, the licence is surrounded by prolific hydrocarbon producing regions, and there are excellent positive indications of a working petroleum system. At this point, the Block B licence data is limited to a single seismic line and a CGG-acquired airborne Falcon Gravity Gradiometer survey. This data suggests the presence of numerous large structures in the licence, with the potential to hold >200mmbbls. The Allada structure has already been identified by Elephant Oil as a prospect.
Zumore,
Not a holder here or Jupiter but i do think they have a very low break even price per dmtu, if manganese prices did collapse jupiter mines is one of the lowest cost producers in the world, i could see divi's reducing but not stopping. IMO
So two big £11.25k sells yesterday, 2.5m shares ish
Guessing that's Gyllenhammar still trying to shed these POS shares
Last reported he had 32,250,000 which was 4.77%
So dumping another 12m puts him past the 3% threshold . Probably half way there if these are his sells. Large holders fumping never a great sign imo. DYOR
https://twitter.com/BaseMetals/status/1176376965370122240?s=19
Somewhat of a price collapse over this past year: https://www.jupitermines.com/projects/tshipi/manganese-price-information
So you would think if the manganese price continues to slide then the Jupiter dividends could eventually stop which would no doubt give PIs no reason to buy Jupiter shares: so if dividends eventually stopped then the Jupiter share price could well collapse.
I can remember a few years back when the Red Rock market cap hovered around £1 million. So if all the above happens then i can easily see the Red Rock market cap plummeting again. So if i held any of the £1 million CLNs that were rolled over last year then come 19th December then i would be banging down the RRR door to get paid. In my opinion it would be ABSOLUTE MADNESS if anybody decides to roll them over for yet another year because they will only have themselves to blame if in that year the Jupiter share price collapses and then RRR no longer have any valuable assets to pay them back.
ludeck - "Must be regretting that already."
Not half !! As they say there's one born every minute!
The large sell and others last week I wonder if that's 13% holder Gyllenhammar still trying to dump. He was last reported as having just 4.77% left but still had 32m shares at that point. He's been dumping his 13% holding since last Christmas .
https://twitter.com/PowerMetRes/status/1176056111348297728?s=19