Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
theres value in this share and the BOD well know it .STOP the deceit and come clean we want a fair deal for our shares .
RELATED NEWS Mining equipment maker Joy Global's revenue falls 4 pct California pensions should divest coal assets -state senate leader CORRECTED-Indian court refuses to let off Hindalco in coal block case UPDATE 2-China slashes coal export tariff as mining in crisis China to lower import taxes for some goods from January ANALYSIS & OPINION The reason oil could drop as low as $20 per barrel EU insurers’ solvency is shakier than it looks RELATED TOPICS Basic Materials » Energy » Industrials » * Japan is world's second-biggest coal importer * Trading houses take advantage of depressed coal markets * Signals some betting market has bottomed * Assets eyed in Mozambique, Mongolia, Australia and Indonesia By Yuka Obayashi and Sonali Paul TOKYO/MELBOURNE, Dec 22 (Reuters) - Only a few months ago, a potential buyer said Japanese trading house Marubeni Corp was prepared to sell a costly stake in a Canadian coal mine for as little as $1. But a flurry of acquisitions of high-quality coal assets by Japanese firms in recent weeks signals that some trading houses at least are betting a depressed coal market where prices have halved in three years may be bottoming out. This vote of confidence comes amid signs that coal demand in Japan and emerging markets such as India is holding up well despite weaker demand in markets such as China, where coal imports in the first 11 months fell nearly a tenth. Japan is the world's second-biggest coal importer behind China, importing almost 200 million tonnes a year. Recent acquisitions include the first coal investment by Mitsui & Co in 10 years. It is purchasing a stake in a Mozambique mine operated by Brazil's Vale, in which the trading firm has an indirect stake. "The biggest reason for participating in the Moatize project is to retain excellent quality metallurgical coal that is scarce globally," Tetsuya Fukuda, general manager of Mitsui's coal division, said. "With the resource supercycle, we had been not able to buy any assets." The partnership will be welcome for Vale, which incurred a coal loss of almost $500 million in 2013, mostly from Mozambique. Mitsui is paying $763 million to Vale for a stake in the mine and port and rail connections, and is also committed to spending $190 million to expand the mine. Fukuda said Mitsui also had its eyes on other assets, without elaborating. Coal prices soared from around $50 to over $200 a tonne between 2005 and 2008, making mining assets expensive. But prices have halved in three years and are back below $70 as miners invested in new production and demand stalled due to alternative fuel sources and slower growth. CHEAP ASSETS The low prices are now triggering interest in buying cheap assets in anticipation of an eventual market pick-up. "If you are interested in buying assets - they're probably going to be more expensive in six months time from where they
Am I correct in BHR went into a JV into storage hanger at the port.If so why if we were not producing.
I bet there paper shredding machine is working over time. Andy if you need funds please email me.Quindell investors are taking class action using a firm called your legal friend I think Colin Gibson is the director.
A big thank you Andy to yourself and red and everyone else.if funds are needed to take court action please let us know.And again thank you.
Christmas is just round the corner ,think thats a bit harsh.I think they should go straight to hell they don't deserve to repent.
What the BODs plan B was.sunglasses passports and head for the airport ASAP
Bet there's alot of talking going on now to cover there tracks,and some uncomfortable telephone calls to be made
and hows that different to what the BOD have managed to do with the sp
hope the big mining corps out there know the real value of our assets
dont think they sell fries in prison but you get to pick the soap up from the floor for free.
well said red
yes that is a option due to the way the BOD have been behaving,there are a lot of unanswered questions
think the meeting ended at 12 noon. thats what an earlier post said
how what may you ask.
cash in your a winner
just in case of a Christmas miracle.
my length of rope last week,might be needing it.
think Big scam is the words your looking for
the people counting the votes are not the guys that did the audited report