focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Sorry for being thik but still confused why trades are drying up here. Thanks for your reply Mormon..
There has been a few trades today.
Does the private placing that ends today affect private investors, in others words, will we be offered anything?
But why share trade has stopped?
The gentleman I spoke to said it was going back to court in the near future.
Anymore details? Mormon
I called Tethys earlier to find out what the outcome of the court case was. Am I allowed to say? It wasn't bad...
Any idea what's happening with TPL as no trading from last few days. I am holding lots share here....was awayour on holiday and looks like the TPL shop is closed.
Olisol are buying in at around 3.1p per share. £ strengthened a bit since I last checked.
Yes, I entered the name of the TPL kazakh subsids into the Kazakh court website, but got no hits. The par value thing nlocks the Olisol partial takeover. They're paying around 3.9p per share, so we should uprate towards that. As it stabilises us, we shouldvreally rerate higher. But as I said before, I want to see that Olisol can see off the very well connected AGR in the kazakh courts before trying to average down. I presume though we'll get an update covering both, probably Monday.
Perhaps they're waiting until after the par value reduction on the 2nd of September. Will the par value reduction have an effect on the share price?
Same here. Maybe the court case was in an individuals name?
No sign of it in the supreme court, and much more likely to be in a regional court. But the Kazakh website only does English for the Supreme Court bit, and is only in Russian for all the regional court info. But putting Tethys, and the names of its Kazakh subs into the site search doesn't produce anything. I'm a bit puzzled too why they issued an update on the same day it was meant to be in court. Why not wait a day? AGR was Abbausbayev family, very strong in Kazakh. Olisol is owned by Abramov, a Russian oligarch. So it will be very interesting to see who wins. I'm not averaging down until I know. Tethys will still be in an awful financial situation, but Olisol have deep pockets. Although I guess they're going to end up basically owning the company for not too much. If this all pans out though, maybe Olisol will have traction in Tajik, and keep us in for the deep drill.
Should it be the supreme court or can it also be one of the regional courts ?
I have not been able to find that information either.
Does anyone know what court this as heard in? Been trawling the web. Kazakh supreme court didn't sit on 23 August. Beyond that though, the Olisol transaction is due to complete by next Friday. They are buying at around 3.2p per share. And now they've got their slice, we should be able to crack on with producing gas and flogging it to the Chinese.
Sometimes after a judge hears the case it takes weeks to months for them to make a ruling. They hate to be overturned by a higher court and actually research precedent.
No probs. Im still holding here to. This will rise soon but AXM is one to watch fold multiple times whilst tethys just has a healthy nap waiting for news.
Thanks S4 for the tip managed to get in at .21, looking good....sorry for the off topic by the way!
Holding**
Check out AXM but imho keep homding here
Tumbleweed rolls across the sand
Well I say keep up the good work S4K...... I believe many appreciate on here you sharing your knowledge and the research u do....... I certainly do mate !!!
Its the only way i can keep averaging down. Once im at a average of less than 2p i will leave it until it folds hopefull when news comes. I post alot anyways.... What are you hinting at???
Wil rise