Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Barnet fully agree. Due diligence is needed here before investing as this was priced to go bust not long ago. They weathered the storm and the bull BTC has given them a small chance, however compared to other miners the level of btc mined is miniscule. Sadly PW dived in too deep and people dreaming of previous highs are deluded. By all means trade the ups and down but don’t get caught out. Just can’t see a way out and see more dilution to keep afloat.
Bear in mind ETF already priced in and there could be a massive pull back on a sell the news. Trade wisely.
Exit price is .30 if we can get anywhere close to that I’m gone, kicking myself for not taking the .35 the other day. It’s not over yet but it’s going to need something special to get higher than that in my opinion. Too much competition with other miners. May even settle for .28.
So it’s etf approval or bust in my eyes. I’d like to see a plan signposted how they can manage that debt, even with a 60000 $ BC and Bitcoin halve they still wouldn’t clear close to it.
Can anyone see a way this company survives ?
You are discussing US miners on a LSE bb. Period of self reflection needed. There is twitter stockwits and other forums you can discuss US miners. Doesn’t bother me in the slightest but can see why it would egg others. You do you hun 😉
And if your trading it Goodluck, you will need it! as you have witnessed a massive drop here on btc retracing a few percent. This could easily go back to low 20’s and maybe even lower whilst investors sell reducing risk whilst awaiting the (potentially already priced in) ETF news. Trend is down and when US opens im expecting a similar decline in miners…
Trans have a bit of decorum. Disgusting mocking people investing here. Should be ashamed.