Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Nice to see others feeling POQ has done nothing but enrich himself and his cronies. It's hard to have faith in a guy who sold his options instead of holding them all , but told us everything is rosy, when asked in an interview what could go wrong , and said absolutely nothing but smiled like the Cheshire Cat, then tells us everyone seen the frac ban coming; it was no surprise ! In Jan 2013 the price was 28 cents . Great job POQ . How Origin isn't required to fulfill it's exploratory contract baffles me. Braggs about booting out Hess who actually was being assaulted from all sides and wanted out. Ok what has he done too earn his pay ?Gave a 7 MILLION SHARE OPTION to useless individual to keep books on what? Paid for staff and wages in Hungary long after it was deemed unprofitable. Over 10 % of the company is reserved for options and there is almost a billion shares out there .Doesn't have enough money left to get us through next 2 years but braggs about no debt. We have millions out in liabilities to reclaim Hungary ect . No partner in S.A. I guess it is time for the pro POQ's to start there lists of his many accomplishments LOL
The village idiot has made money. Thank you. I've called the almost high,called a low of 19 cents and it hit 20.03 Sold won ! Wrong ,said double on approval, so I sold again won very little though. So I should listen to you.lol
That's because you have to justify you losing money, most CEO get graded on performance his is zero return over many years ! Zero like you , He said everyone saw the ban coming and it was expected, why didn't he stress that we need to prove this only well up and drill 5500 feet horizonally instead of just peaking; even if we would have had to contribute a few million of the 18 million we had at the time. He has given away 2/3 of the field when Origin was forced to explore ,just like Hess there was no out, do it or loose it. He bragged about being macho and giving Hess the boot. LOL, I could give you many more examples, including him exercising options and selling at stupid prices, giving a treasurer & million share option to keep books on what ? The list is endless and the 20 million in cash will be used up very soon, spent on him and little else. The field has to be developed and when the next useless vertical well and commitment program is over with no commercial production, Falcon has to pay their share and at last well price of 24 million, a possible reverse split and a few more hundred million shares offered. You know there is a billion shares out ? 10 % is reserved for him and his cronies. Quess if 2 billion become available a buyout of 2 bucks ain't nothing. I know you have a man crush on POQ , get over it .
POQ can't get price up in his tenure. Look at the stock quote the first January as CEO . All this work and absolutely nothing but losses under the idiot. Sold got 1.4 cents more I paid for and have banked almost 40,000 dollars by not buying and holding . GLTA you guys every one deserves better !
It is not up to China ! I won't sell you anything but surplus ! Oz will not deny citizens gas , they will have to buy from Quatar US , anyone who can and has a large surplus. China will get what we don't need .
Won't happen, restrictions on exports or a total ban on exports will allow Ozzies to live with reasonable utility bills. Plus US still has huge surpluses. Also if these fields live up to expectations they may cause a surplus in Oz and drive prices lower. Hoping for the latter.
I was hopeful that SA would be developed, has so much potential but after legislation trying to take all the properties of white SA with no compensation and with communist leanings, who wants to be the first to explore and develop a rich field that will most likely be stolen away just like Exxon had happen in South America, government is totally untrustworthy.
The NT government has stated that everyone can still explore drill ect. and has used that to say no permit was violated and they will not pay any compensation to any company because all exploration licenses were honored ! How Orgin got an out from Falcon is a total mystery to me ? They should have been and should now be exploring as per agreement. Who or how they weren't booted out of Beetaloo still baffles me. The government sees no reason for delay and neither do I. Hess got no extension and Origin is costing us billions. Who approved the shareholders getting nothing for their delays ?
Thought POQ said things would move rapidly. of course the numb nuts has done nothing but sit on them. We should of had the yearly meeting by now, WTF ? Is POQ waiting to get more free shares, seems everything is linning up for him and a CFO who's compensation is absurd ! Has she done anything ever ? Please post why she should get a check plus 7 million shares. How hard is it to write a check ; we make nothing , sell nothing and a temp could of done more for 2,000 dollars. I'm ****ed and so should you ! Been here forever ; who can be happy .
I'll probably buy a 100,000 share ticket back home. Don't know when cause the ticket price is cheap and getting cheaper. When is the anal meeting ? If someone could ask how exploration couldn't continue and who or how did Origin get a free pass and Hess didn't, I would love to hear the answer. Never seen exceptions to Origin's timeline in anything posted. WE should all be able to see the contract with Origin. Nice responses to "what's up" but I feel we must all be missing something because we are bullish!
Hess wanted an extension with no timeline quareentees or concessions only a fool would of granted that ; it was a no brainer, now if they said we WILL start drilling next year and give you back 10% or just said anything POQ would of had to of thought. That was the last and only decision ever made by POQ.
Coma nice name and exactly what the share price has been for the last 15 years. Except it was higher then and higher last year. Anyone that thinks POQ has accomplished anything except draw a paycheck and get free shares has been in a coma since Hess left. At least Marc Brunner would have something going, POQ never found any of these properties knows nothing but smiles nicely. Never thought his tenure has been anything but a train wreck.
The real value for Falcon at this point is close to what Origin paid for the other 35 % . I've emailed both public companies and never received a response ! If someone could read their books the answer is there. Origin now has the go ahead and should at least insult Falcon with the same offer. Still in total disbelief that the share price is lower than a year earlier , last May we were almost at 29 pense.