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Believe it when see it
Well after all that HL won’t give a quote to sell!
No shorts recorded against this company that I can find. The bounce is in anticipation of the new group being soundly beaten.IMO.
What shorts? I can find no record of any shorts
Only 9 trades out of 120 above £1,000 and then only just, so no way free Tirupati Graphite or Shishir trying to accumulate shares, it would take longer than this company is going to survive at that rate.
Closing shorts probably
A reminder for everyone!
For anyone that does not understand why the Share Price is motoring ....
Definitely Free Tirupati Graphite & probably Shishir are both trying to accumulate as many shares as they can before the vote
Neither will sell a single share before hand
Shareholders - do not sell your shares before the vote!
Don’t let them have your shares cheaply!
HOLD HOLD HOLD!!!
FU Free Tirupati Graphite!!
AEG next
I made a good profit with my first purchase here, selling at 22 or there abouts…. This bounce takes me back to break even overall (although down this time).
My problem is I can’t see anyone giving direction on funding and without such its knackered - I’ve also witnessed so much flip flopping from longer term holders that I’m just not sure there’s a way out…. Watching if this bounce has any legs for now
Damn people must be liking what they saw in the presentation or what?
Good summary. I’m expecting my investment here to be a total loss. I certainly wouldn’t invest more, even at 2p, until I see some serious changes in management, and communications that are rooted in reality.
Show them the DOOR
For anyone that does not understand why the Share Price is motoring ....
Definitely Free Tirupati Graphite & probably Shishir are both trying to accumulate as many shares as they can before the vote
Neither will sell a single share before hand
Shareholders - do not sell your shares before the vote!
HOLD HOLD HOLD!!!
FU Free Tirupati Graphite!!
While deabate goes on about the propsed new BoD and the performance of the old, my PoV.
Current Bod have been disastrous. Not only missed production targets, but presided over a failed finance function that has mismanaged working cap forecasting+ mgt, missed audit deadlines and caused a share suspension. Successive dilutive raises have been too little, too late.
Shareholder comms re cash have been not just vague, absent, or optimistic, but downright misleading (eg; VAT refunds) if not deliberate untruths.
The SP rise in recent days puzzles me. I confess I'm not expert in corporate recovery situations, but it seems to me given capital needs thare is a significant chance of s/holder wipeout. I've no idea how the new BoD plans to deal with things, but whilst they may save the business, I fear for shareholders.
All imho, other opinions may be available but i've been sounding this horn for a year or so now.
Keep deramping share price keeps rising )
*CLN but CON would also be appropriate
By the time of the vote there will only be 3 weeks until the CON holders call time on TGR
This is a bit like choosing between Sunak and Starmer, which is worse, and vote for the opposite. What a decision!
Shishir has made certain promises, in particular a London based CFO. He has 14 days before my vote is cast, by when a CFO should be appointed.
I won’t post on here again for a while, I think I’ve got my points across by now. Good luck, be interesting to see how this all plays out :)
HarChris so you’re that upset about missed production target that you sell out? And the SP doesn’t bother you, right ok.
The other 3 graphite mining companies you follow, what was their YoY sale growth? Was it up 70%.. an impressive number from an incompetent CEO.
You have that much of a grudge against Shishir, Tomorrowyesterday hasn’t needed to post today lol
If I may join you guys Akhtar & HarChris, basically you’re saying Shishir shouldn’t have given any guidance while a working capital shortage overshadowed him is what you’re saying I think so missed targets could have been avoided if production fell short as no such targets would have existed.
Sorry if I’ve missed this bit but if it wasn’t the working capital shortage, what was it that resulted in missed targets?
Meanwhile TGR scratching around for VAT refunds
Sorry Akhtar I was responding to the specific point which I’ve seen raised time and time again arguing that Shishir has simply been unlucky / this could all be explained by lack of working capital and the situation was out of his hands. That’s just evidently nonsense.
I don’t think all that much of the TG representatives (well Isabel seems credible) but at least as a team they might make a fist of this.
You keep bringing it back to share price and saying how everyone focuses too much on the share price decline, I’m not. I’m saying that he consistently wildly missed targets again and again to a degree I’ve never seen before. We’re talking quarter after quarter after quarter for an entire year. We’re talking missed production targets of over 50% with half the quarter already passed!
I follow three of those four companies you just mentioned quite closely and for sure none of them have done well but the mismanagement at TGR is on another level , imo (as someone that can compare).
And I’m also confident that when graphite prices pick up they will be well placed to benefit whilst TGR is at threat of even existing by that point.
‘The main thing the new group have going for them is that they don't come with a litany of false promises and amateurish delivery.’
My friend hasn’t assessed the history of the requisition group very closely. $27M written off, >£400k pocketed, shareholder money wiped and we’re on our way. Not sure how this isn’t amateurish delivery. And this is in a field where this guy has worked his entire life.
Basically overlook every flaw of the newcomers. And criticise everything about the current mgt.
We understand you’re out mate, but do thorough research on both sides if you’re to have a public opinion and want to truly help. Bashing up one side doesn’t help.
No one here disagrees that Shishir has screwed up. The extent of it we can argue. But we are not here to discuss this.
We are here to discuss team Shishir vs team Mark
And team Mark has no credible plan, no credible experience, a crooked past, underhanded questionable tactics to drive down share price, etc.
If you want to hand over the mgt to them, be my guest