Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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lol...sorry Mate....should have gone to Specsavers...hahahaha
Nice...Fingers crosse for a Blue day 2mr...Can I ask please TH...How can you tell the trade was from yesterday??...Thanks in advance OF
I have bought in here over the last few days, albeit a fairly modest stake, average a little over 4p. I fully understand the situation and the value that could emerge from Tristar's 16% holding, whether listed or unlisted. The main risk in my view is whether the smelter does in fact get into operation successfully with its latest financing - further technical issues could arise.
On the basis that we all know what sort of greedy financier Odey is, what's stopping him getting through delisting, and then immediately offering to take out the unlisted company, ie. buy the remaining 32%, so he 'steals' the upside until Tristar itself hopefully gets taken out by the SPMP majority partners? Of course if he makes an offer at say 10p, to ensure painless acceptance, then anyone buying today is quids in. But what's the risk of him trying to buy from weak/frightened shareholders in a private company, and offering them 2p per share? I suppose that seems unlikely - any panicked shareholders can sell today at 4p-odd in the market, if they want to.
Any comments?
Someone’s feeling confident with the £38k but from yesterday! Looking forward to tomorrow’s antics.
Like Axelrod in "Billions". LOL
As I’ve said before it’s all about how Odey are planning to profit from all this.
If they are looking to pack the whole thing up into a neat little package and sell it, then that won’t happen until all the dept and finance is under control and the plant is up and running at 100%.
Also no longer having a seat at the table and not have 40% voting rights has certainly taken a lot of shine away from any potential buyers.
If they just going to sit back and make an income from it then it’s still going to be along old wait for any dividends to start coming through
Drip feeding there remaining 70% onto the open market is not an option any more
As we expected, it’s delisting. Realistically it’s the right thing to do, especially for Crispin Odey. I personally think that the deal that Tri Star negotiated with SPMP was a very good deal. For us to have retained the 40% holding in SPMP we would have needed to put in at least another 48 million. The share price was around 30p at the time so in order for us not to get diluted we would have needed to put in a further 150% At the time I had 60k worth is shares so I personally would have needed to put in another £90k. That was not an option for me and I think most investors would have had the same problem
So for us to now have a guaranteed 16.3 % without any further dilution no matter how much is required to get this to 100% capacity it a great deal. I’m sure that Odey has a plan and I think that all that sail with him will end up being very happy. GLA
Blue finish looking unlikely today..
MIBO - Are you talking about tstr or yourself?
we will finish blue...after this initial panic...on de-listing news...GL All OF
The moment the RNS was announced the MM,s lowered the bit to 3.65. So unless the sold before that they won’t have made much profit.
This is where we get the sells, still holding on and waiting for the liquidity event
Happy to hold, watch this bounce.
Here come the profit takers
Out
There she is, all motions passed
I've noticed a couple doing the same on other tstr chat board.
Turtle - unfortunately they are not paid to think..
Mibo, explain ur rational behind thinking Odey is selling his entire 68% share?! The 1% RNSs which have been explained? If Odey is selling why isn’t the sp tanking right now? Considering he has a hell of a lot to sell? Why didn’t he sell before news of this delisting? He has a member of his team on the board, he would know what was happening.
attend...or listen in to the AGM earlier??
I think I’ve worked out why Mibo has suddenly appeared from nowhere. He must be working for Odey and trying to keep the share price low before it’s delisted. I cannot think why else he’s here. Strange how the TR1 appeared this morning, was it to slow down the buying ?
Firsttothemoon - While I agree I’d like both the multi bags and in a tax wrapper..
Mibo it is clear that you have done any research on tstr. Why do you waste your time posting as nobody is interested in your views..
Moon.
There is no point trying to educate some investors. It would be quicker to train a chimpanzee.
Mibo, mayb it’s because moon has done their research and know what they are talking about?