Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
It's a common tactic from them (Moley Fool).
They make one article saying a share is a sell then another claiming it is a buy.
They can them claim they were right further down the line by referencing whichever article fits the future actuality.
The only real surprise is how many people actually seem to read their articles and post them on here as a 'factual' source
Lav,
Many (not you, I or a few others) always saw the original long stop date as set in stone guarantee and were posting expecting their big rises on the back of it.
Some still seem to be banking on that happening again, despite a further extension being a distinct possibility at this stage.
In terms of a delay, KOD have I believe said they intend to be in production within 1 year of receipt of funds. In that regard, surely this means this is a delay as they will not have moved this intention to 11 months on the last extension, and will not still look to achieve this in 10 months if there is a further 1 month extension?
Technically, the extension is a delay as receipt of cash has not happened which means work cannot be stepped up, but it is any delay to potential production on the back of the agreement/cash that will be more concerning with further extensions as far as the market is concerned.
The SP help up well on the last extension, perhaps it was expected given the ambitious timeline. With the current malaise seen elsewhere seemingly impacting the SP here though, we could perhaps see this drop further if we get another one. Just a consequence of market irrationality, even if the final outcome is still no different
We will see in the next week. Still holding. No plans to add and will await news to reassess the situation, but no change to the fundamentals as things stand other than 'time'.
gla
Just to add, MiFid II was implemented back in Jan 2018 with the aim to make markets more transparent.
Sadly, because of the ability to delay report trades and the various powers the MM's have within their remit, etc there is maybe as much opaque-ness as far as the PI is concerned within the markets as before, especially when you consider that the direction of any trade is never reported, hence the very clear confusion at times as to whether any trade is actually a buy or a sell due to the ineffectual methods sites like this use to try and guess the direction.
It certainly does not help when trying to apply logic to explain what might be going on
Seeing as they never replied to, or acknowledged my polite email asking several non price sensitive questions, I will not bother.
They will just handpick questions to answer what they want in a way that is positive and promotes EQT as an attractive and exciting investment.
I am only interest in delivery, closing funding deals and getting cash back into the company to further growth as many have been expecting from the beginning of 2022 (probably even longer for some too).
Not interested in cheap talk and sound bytes
Everyone can speculate as to what might be happening, but the truth is that no one will know for certain.
Any theory can sound plausible with the right spin based on fact, or an interpretation of fact, and while there may be documented evidence as to what could explain it, or what could be going on, absolutely no one can actually prove that their theory is true so there will always be doubt and counter opinion.
As I post many times on these boards, there are always exceptions to the rule. The problem with these boards is that the exception is often promoted as being the rule as it is not possible to disapprove it. Hence constant reference to MM games, manipulation, fishing for stop losses, stock being oversold, etc.
When the SP goes down for no apparent reason, there is always something dodgy going on in the background as it is easier to cry foul to try to explain something that does not appear rational, but when the SP rises for no apparent reason we are too busy slapping each other on the back, congratulating ourselves for our savvy investment decisions. No one seems to question unexplained rises. Why is that?
For my money, it is not down to manipulation, but it is easy to see why many will think that with delayed trades (prior approval is needed to delay report). large spreads, etc.
Just look how many different exchanges there are and how many stocks on each index. Then look at the same in Europe, Asia, USA, etc. There will not be some MM employee sitting looking at the ANGS share and making decisions to drop the SP to get some volume, or for fun. Trading is mostly negotiated, or Algo driven in the main and will be driven mostly by supply and demand in order to try and create volume at the right level/spread.
And yes, there will always be exceptions as no system is perfect, and there will always be people looking to make a few quid for themselves on the back of others (just look at the 2-faced traders on here).
The real reason is likely something far more simple, or a combination of several things. Maybe the market has just lost interest in ANGS after the side track, flow rates are around what is expected, the real cash position is still a question mark, etc.
Markets are not rational, hence AIM is high risk
Just my thoughts. We all have our own view.
gla
Please everyone, ignore DomBella.
Goes around making fanciful SP predictions on other shares to try and encourage others to jump in.
News is always imminent and SP will be 'X' by end of day, end of week, etc
Seen him on other boards doing this for a while and doesn't get anything right.
Shameless trader, imo
DYOR.
Hopefully a better day here today
I don't buy that it is a shorters attack.
Do I have any evidence of this? No.
But there is no evidence to suggest it is one either.
It is all just speculation until we see some news, but seeing as other stocks in the sector are down by varying amounts, perhaps more likely a loss of sentiment generally in this area at this time and some panic selling.
Will hold tight as no logical explanation, although volume is much higher today than recently, but a lower starting point for receipt of funding news may not result in this SP levels some are hoping for when it does get confirmed.
No change in fundamentals, so no reason as yet to change stance here, imo.
gla
Disagree that the SP is being manipulated lower.
There is no volume here.
The bod are not holding back news in order to try and drop the price.
The MM's are not in cahoots with a mysterious entity to drop the SP, just like they have not been fishing for stop losses for the past couple of weeks like some are suggesting.
There is no real sign of a big buyer/seller in the background either.
Always lots of unfounded speculation, especially when an SP drops for no apparent reason. It is always seen as games, or manipulation.
Perhaps there will be a bid. I would not be adverse to one seeing as I am not interested in anything else ANGS currently have to offer, or have mooted as a possibility.
What is certain is that if there is a bid, there will always be people unhappy with the price, or who think any and all offers should be rebuffed. There will always be disagreements as to what 'we' think is the best course of action for our holdings.
I am not sure any bid would be related to current 'low' gas prices either. It would be based on an average over a period of time, so the timing of any bid is irrelevant in this regard too, imo.
gla
Current reported volume is tiny.
Hardly 'plenty of buys' (nor sells), just a low number of trades.
Hard to think what news could move this up, we could well see this finding a new level around here unless a few days of increased production settles some nerves and encourages investors to buy at bigger levels than seen currently.
gla
Wow, what an interesting weekend of posting here . Definitely time to use the green filter.
I liked the quote from Daz "You'll find i actually never ever bring up KOD on PREM"
And yet go on his history and he mentions KOD on there all the time.
So full of himself on both boards, deliberately going to another board to troll, and bragging about followers on Twitter, the bad far outweighs any good for me.
Filtered along with any Muppet from there who comes here to troll 🧌
DYOR and gla
Yes, they have even updated their website to say that the site is operational.
Although we know what the site is capable of converting/producing, they have not, as far as I am aware, stated what it actually is generating (have I missed a presentation/interview?).
It would be good to know this as well as the status of the imminent handover to the operating company.
"With production now approaching a stable plateau, Angus management is now able to deploy time and resources to monetising its other oil assets, developing a long-term transition storage capability at Saltfleetby, progressing its geothermal programme and exploring other strategic opportunities. (RNS of 02/05)"
That's my concern, ocelot.
I hope we see a rise on further updates from SFB (increasing rates and cash flow) before they make announcements on plans elsewhere given their history :-)
You just have to look at the volumes to see that something is needed to attract new investors and trigger a positive change in the SP.
It doesn't matter what we think it should be doing, the market does not appear convinced, despite the increased production and cash flow.
Hopefully we see something positive before the HY results which are still 6 weeks away, but don't see this magically heading up without something, whatever that may be.
And np, I do not think MM's are holding this down, or the company is holding back news to help their mates, or other interested parties get in cheap
gla
Not looked in here for a while, as it is always seems a case of blind optimism from the usual crowd day in and day out, with anyone dissenting being called out (despite history suggesting realism and a pragmatic approach generally beats the unyielding optimism here).
It will soon be a year since I have been reading multiple daily posts saying that 'THE' big news was imminent, this week, next week....
And let's not forget the 'nailed on' 5p SP by end of March we were hearing for months just because they employed some algo boffin who would only accept options at this level because everyone knew 'it' was close.
There has to come a time when realism and a practical view is taken on a stock together with the optimism by the die-hard fans. I still do not see this from some.
Having taken good profits at the last couple of spikes over 2p in Jan and March, I have put my remaining (now quite small) position firmly in the bottom drawer.
Yes, I will not be Richy Rich if this comes good, but I have my feet on the ground, profits reinvested elsewhere and the possibility of some more at some point but with no risk to myself. I can wait as long as it takes.
Nothing wrong with contrary views, but also not good to keep parroting the same story every day and not considering what the alternative view is saying which is the norm on most boards, so not exclusively here.
For me, FG to date has not delivered, and there are many, many shares where the board put their names to something that either does not work, or is not seen as the next big thing by the market, or takes longer and is more costly to achieve.
And guess what, they say things in interviews that are an exaggeration of the truth, timescales, costs, etc are often 'massaged' to portray a rosier situation to existing shareholders and potential investors.
They are not going to go full Gerald Ratner on their baby, are they?
Yes, QBT could be different. Could is the operative word at this point.
Back to sleep for me on this board. Apologies for one of my usual long posts. Long weekend ahead for me
DYOR and gla
Agree Lav.
We had plenty of the 'X' number of days until the SP hits 'Y' posts prior to the last long stop, despite plenty saying an extension was likely.
The surprise has been how well the SP held up on the news of the extension.
Many things outside of the company's control, this is one of them.
Seen many a long stop extended multiple times, this is one not to be concerned about if it happens again, imo, as we are aware that there is the will on both sides, just red tape getting in the way.
Some will ask why a 1 month extension if it may not happen, but this will have been based on indications given to each party at the time of agreement to extend.
Hopefully, we will see this confirmed before month end, but to think it is nailed on is naive, imo
gla
I think it would be difficult to move to the main market with the current number of shares in issue.
There would have to be a consolidation, or buy-back program before that would make sense as a consideration.
ANGS is a long way off this being a possibility. Maybe several years, even if they did go down this route.
AIM has advantages for them for now, especially with what would likely be a majority of small PI's as investors, they would need a big move towards a base of much larger investors for a change in market to make sense.
imo
I have not seen the interview yet, so basing this purely on the last post.
Many such companies talk about being mid-tier, but the market move is not common, mostly seems to be the CEO's talking up the possibility for credibility.
I do not foresee dividends any time soon either, unless they make a concession for a one-off special divi at YE, should the cash situation allow.