Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Standing by.............
Come on UPL.
In the meantime I've bought some BOIL whilst we wait. https://x.com/StockBoxer_AIM/status/1790683831944577266
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Keep your BOIL post to Boil platform!!.
Another finance position appointed, still no news of substance!
Looks like a couple of de ent RNS to me.
Application to resume trading can’t be a bad thing.
You haven't read the financial report then? It doesn't make good reading but there is potential there once the II fund raise is complete. Just need a big 12months otherwise they could be out of business is what I took from that. Fingers crossed for PSC I'm guessing the market will struggle to like those results
Financial results of an explorer are always dire..
It's just about burning cash at this stage..
What's the surprise?
Not sure about your negative comments
Reserve fee being paid for drill rig, at 25k euro per month for 3 months, which can be extended for another 2 months..
I wouldn't call it negative I would call it realistic. It clearly states from the auditor the perils they face. I like most of you on here hope the next few months have significant good news, but it is also healthy to have half an eye on the WHAT IF, Which a select few on here seem to do. They are blinkered with hope and gold buckets. I hope there are plenty of gold buckets at the end of the rainbow.
Copperpot think what you like of my views, deft or daft but they are just that. Mine. I wish you all the best and that we both make plenty of money in this share. Stick to your plan and I will stick to mine.
Which perils do they face ? from the auditor ?
the standard statement which is in any companies financial statements about Going Concern, or something actually worth reading ??
Only having enough money for another 12 months, either we win PSC/other contracts or it's another fund raise or go out of business. The burn rate of money is only going to get higher and higher. Whilst we are well positioned into Sarawak it seems to me like all the eggs are going into one basket, whilst they must have a certain degree of confidence to do so again it is healthy to keep one eye on the what if.
My view is the market won't like these results and we need something like a PSC announcement to keep the share price heading in the right direction otherwise it will have a considerable pull back.
Like I said I am hopeful this company have the confidence to succeed in the PSC and drill. Getting a hotel agreement on a drill is a good sign but until that contract is signed sealed and delivered anything can happen
Deft - you are pointing out the plain obvious for any exploration O&G firm! If it doesnt win contracts or raise till go bust - well yeah very clever comment!!!! crumbs!
It really does show what you know about this share = NOTHING!!!
Greenboxed!
It’s a staged process. Next news will be our JV partner. Patience.
@Deft- most companies only states going concern over the next 12 months . That is a pretty standard statement in most Financial Statements.
I am struggling to see the point you are trying to make really.
GLA .
Can you imagine any company saying 'there is 0% risk to our business over the next 12 months'??
Due diligence and contingency plan is BAU, if risks wasn't there, I would be extremely worried.
I'm not here for an argument, and quite Frankly don't care what your opinions of my opinions are. Most O&G companies aren't at risk of running out of money in the Next 12 months (not the good ones anyway, forget your HE1 ukogs boil etc etc). That's what the auditor is worried about and that's what I have half an eye on. That is why my exit strategy has been adjusted after these results etc.. All this company has at the minute is potential, that is why we are all here. My first purchase was 0.45 and I am happy where the company is heading, the potential is why I'm still here, but there is always a But.
We will see what the market think with regards to wether my worry about the finances is correct or not when we relist after suspension. In the time being let's hope for some good news on PSC or JV it is needed.
Every explorer and appraiser is based simply on potential.. and most of them do not have enough cash to cover the next 12 months activities.. that is why they come back to market and try raising at higher prices, or complete JVs etc..
this is nothing new to any of us.. just that you keep highlighting it as a negative for UPL..
that's because it is a negative, can only raise so many times before shareholders get ****ed off.
don't get me wrong there are plenty positives and they out weigh the negatives by far.
just some people on here have a one track mind. it's healthy to question your investment at times
Deft,
The whole point of a JV is to derisk financially, therefore no more raises. The last raise put us in best position possible for the JV deal. You know all this. So you're just creating negativity and muddying the waters. Find something else to do with your time, jeeez.
That JV that we may or may not get. That's all I'm pointing out. No muddying the waters here, merely pointing out it isn't a sure thing as many are hoping people seem to think it's nailed on and it might be, but it might not.
Can't say anymore times that I hope this company gets what we want it to get. But as usual on this site anything other than rainbow spectacles and you get bashed for your view. I am positive about this company apart from one aspect and it could be a big one, then again it might not.
Who knows we live and hope
Do your research properly, you're talking nonsense.
Have a balanced view on your own investments