Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
@12Roses
If you read the RNS it could be read that the then current 51% is based on 10.5m/t so the uplift is anything found above that which is subject to 50% of 39% so if that is the scenario for every 10 tonne mined 1.95 of it is payable after costs to Windfield, or am I reading it all wrong?
The RNS being quoted, can be read several ways, the agreement was for 39% from Windfield Ltd for some cash and Shares Valued at that .0067, the terms refer to an uplift which apply to Hanc--- or Brockmen ONLY and then it could mean 50% of the 39% not 50% of the total.
I am not a solicitor or Barrister, just my thoughts, But whatever, the rest of the companies projects are not affected and will still be owned by Alien
Good afternoon one and all. I like you all have been a bit taken aback with todays "non news" or news depending on how you read it. Usually I have found in the past if something is afoot it is not possible to sell largish chunks of shares, I have put "Dummy Sales" up of 5 million+ and I have had my hand bitten off "so to speak" with an offer of .002340 as soon as I pressed the button,
So it appears the dealers are keen to buy our shares. Just for what its worth!!!
Good luck T.A.L.T.H.
@ForrestGump
No problem, I have nothing to hide just a fellow individual trying to make some money, like us all.
I sincerely hope my thoughts are totally wrong and we go forward into next year and come out of it considerably richer than we go in.😁
G.l.t.a.lth
@ ForrestGump
I now only have my isa, to date i have invested just over 70k in ufo. And yes i am under water so to speak but i am happy with my investment and i am confident that it will come good, baring anything "unforseen" happening!!!!
Let me assure you all that I am the last person to see our company sold off etc.
I have as stated previously on here been dabbling in the stock market for over 40 years and so have seen things happen that should not have.
I repeat for those of you who are fairly new to this chat box
I have broken the golden rule and ALL MY MONEY is in Ufo
So I more than most need it to get mining.
Good luck to all lth
Unfortunately the biggest shareholders are not private individuals, look who owns the bulk of us!! Its the deal that is best for them that will dictate what happens to this company, not us unfortunately, if the board RECOMMENDS a deal it is usually carried,
I like most of us, must admit I was expecting a better reaction to the share price, after such game changing news !!
So my conspirasy therories got me thinking, look back over time and every piece of what I/we conceive as good news is followed by either not much movement up or down because sells!! appear not always large but enough to control the share price and prevent much upwards movement. This time the news was in my opinion very good then you start to get a rise and then what appears to be a larger than previous sell which kept the price "Stable".
But who would this serve? My thoughts point to a buy out once ALL the ducks have been lined up at a very Cheap price, with sweeteners included for the main shareholders/company execs. It wont be the first or last time it has happened.
A company I was invested in Amerisur an oil company based in South America had great potential and the share was kept low many of us on the share chat page thought it strange, then we had an offer of just a few pence above the current price we all thought a bidding war would start and some of us were rubbing our hands, it was the only offer and the board accepted the offer, once the sale had gone through all the other companies got the bit they wanted at a cheap price and our board got positions in the takeover company, which was a major oil and gas company, Strange that !!!!!
Sorry for the "war and peace" i sincerely hope my ramblings are rubbish!!!
and good luck to all genuine holders
I sent them an email last week on the off chance that they might reply asking if the recommendations by their board had been approved, but have not recieved any reply or acknowledgement.
It was a very long shot so just have to be patient🤯before💰💰🍾🍾🍾👍😁
Am i going daft!!!
Today is the 28th it is also the 28th in perth so the meeting is tomorrow Perth is 8 hours in front of us.
So 4pm our time is Midnight in Perth, the meeting does not Start untill 9.30am Perth time 1.30 am tomorrow our time.
So please wait and see!!
A question for my learned friends.
The Knac meeting this coming Wednesday states that the agreement if passed is between the Native peoples, the W.A.Government, and IOCA ETC.
My question is does that mean if passed then permission to mine from W.A.Gov. is virtually nailed on, or not?
Another agreed document is permission to build an access road , surely that would not have given bt W.A.Gov.
If they would refuse.permission to mine.
Or am i reading it all wrong.
Which would not suprise me.
Gltalth🤞