Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Another dawg share down from 425p to 60p. Worth a punt at 70p I guess but all this talk of injunction is not good for business
Folk still banging on about the cash. Going broke. Another multi year low today. 30p, 20p, 10p. The mugs will still be buying to average down. We had a great run to over £12 and the lower this goes the lower it will go. The shorts sold at £10 and are currently raising a glass to the few remaining longs.
52 Week High 178.05
52 Week High Date 04-Jul-2022
52 Week Low 44.80
52 Week Low Date 04-May-2023
The last results were dreadful. Max worth 50 pence. The bid was always the gamble. If you doubled and did not sell half to get a free punt then you are either mad or greedy. But nothing concrete....all rumours.
Well done ria. I got in at 1.80. Sold half now and keeping the rest for 6 to 7 pence. Working with Microsoft is some headline for a penny stock. Probably not much in it but sure is interesting.
As I say below this is the first time I have been out of web in 10 years. Still not tempted at 1.5 or so. The UK Government are looking to restrict gambling with a new set of restrictions. not sure how this will affect WEB if at all but not sure this is the time to buy any gambling stocks. WEB looks to be drifting and I will look to buy soon. I bought before at 1.25 to 1.40 so not far off (sold out at 2.20 as below). Web has always been a winner for me and I am sure it will be again but the main drivers of this stock...the licences etc...not there at this time
52 Week High 3.20
52 Week High Date 28-Jun-2022
52 Week Low 1.15
52 Week Low Date 29-Nov-2022
Doubler for me. Will sell half to get a freeroll today. Good start to the day.
True but a few 5 million plus buys going through now. 10 looking likely if this continues.
From this Jan. Must be worth 10 million even in Argentina?
There has, however, been continued interest in recent months for the Company's major assets which Rurelec is seeking to dispose. In particular, the directors of Rurelec are in discussions to agree heads of terms with an overseas counterparty to dispose of the Company's ultimate interest in EdS in Argentina, which if consummated in the anticipated timeframe could resolve the uncertainty surrounding the Company's working capital position. It should be noted that, depending on any future negotiated terms, any disposal of the interest in Argentina is likely to be considered a fundamental disposal by the Company pursuant to AIM Rule 15 of the AIM Rules for Companies. That being the case, any such disposal would be conditional on shareholder approval and be accompanied by a publication of a shareholder circular. In addition, it is possible that following such disposal, the Company would be regarded as an AIM Rule 15 cash shell
I would guess that the mkt makers have been offered a stack of stock at a cheap price. The investor that bought £3 million worth at 1,2 might want to take a loss. Who knows? I reckon we will see 0.3 soonish and a huge place at 0.2. The company needs to raise a lot of money quickly. There are no guarantees here. I am one of many getting spanked on this although I did very well before when it went to 8 p. All gone back …on paper at least
As of 31 March 2023, the Company held 85 Bitcoin or Bitcoin Equivalents.
We do know they are selling instantly. Maybe they have to pay over half of the BTC per month. Who knows what the deal is?
"As far as we know". That is the point. We have no idea what Arb own, what the debt is, how much profit they are making. Everyone is guessing. I think the company is in complete shock still and have little idea where it is. The main players have gone and the ones in place now may be struggling through complex financial and legal docs trying to work out where they are. I think they are playing for time. You cannot blame them. The situation was desperate and it should not have been. Can anyone get a handle on Arb? I just dont think so. We need clarity but it is not so easy.
Gross proceeds of £3 million (approximately $3.6 million) have been raised by way of a conditional placing (the "Placing") of 250,000,000 new ordinary shares of 1p each in the Company ("New Ordinary Shares") at a price of 1.2 pence per New Ordinary Share (the "Placing Price").
Only last month. TR1 released showing a big seller out. Hard to think no funding around if they can raise £3 million like this.
52 Week High 16.40
52 Week High Date 01-Aug-2022
52 Week Low 0.525
52 Week Low Date 19-Apr-2023
I think I sold last time at around 10p....a punt of course but i can see 0.8 to 1p soon enough.
Yes about 4/5p. So many stocks are announcing poor news and get smashed (WBI today on news a bank will no longer lend). Reason? I think ARB are in dire financial state.
Which is terrible. Arb were in a fantastic position before they got carried away and spanked huge amounts on Texas etc. Tons of cash, loads of BTC and no debt to this dire position. A chief exec who thought he was the next Apple etc. From being voted the top of the year and showered with awards to this mess....except of course that he is no longer around.
52 Week High 9.30
52 Week High Date 05-May-2022
52 Week Low 0.225
52 Week Low Date 19-Apr-2023
Ouch!! This is terrible. I think this might happen to many small caps. The banks are nervy about a recession and want out. WBI has just raised £3 million in new equity so they are going to find it tough to raise more at any sort of price.
The sellers here may have known this and have been dumping WBI for yonks. Just bought more at 0.95 last week. Sigh.
Who knows what the bid price will be? 120p would be an amazing price. Buy more if you think they are bonkers
Yes the results were dire today. A vast hit to the balance sheet. Would you buy these at 90p if there was no bid? Of course not. Crazy valuation and the shorts would take you on every day.
I hope most PI holders cashed in yesterday over 90p at least to take their cash back. A great price. I did. The selling and shorts did good business today. I think we will see below 70p but there will be some punters hoping for a big rally. Watch out if apollo withdraw....which they can do at any time. Who knows what the price of a bid would be. A real gamble
Not worth more than 40 to 50 pence if that on these results. If Apollo decide not to proceed then timber. Back below 80 pence and very much a gamble. I reckon 90 pence buyout would be an excellent price myself.
Two placings now in two months. Every time the stock starts to move up. The mkt is going to get bored with this soon.