Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Icecream, I think your conclusions are a little flakey. Obviously the first sentence is a typo.
On 'research' I think ST in IC does a great job of summarising the broker research and I for one would be happy just using that unless there are glaring uncertainties that might be alleviated with deeper research. If you want to bid for the company I guess you'll be paying for some deeper research so all 'i's are crossed and 't's dotted. AIM's liquidity is a given. Less liquidity still can be found in unquoted shares and other instruments.
Fear, greed and logic: My logic centres around having a known asset in a great location in increasing demand despite the wailings of JSO et al in a well understood industry that's been doing this NS extraction malarkey since the 70s. So many stocks where the magic of the business is really only comprehensible by insiders are bought by PIs and it is they who might be lacking logic; do they really understand AI before they pile in? Nah. As for 'fear'. If a PI is ever fearful they own too much of a stock and probably have never climbed the N face of the Eiger or sailed the Atlantic in a small boat or a thousand other experiences which entail FEEAAR.
As for bidders, my guess is they might want JOG but know that at these levels there will be an almighty squabble. They are perhaps more inclined to wait for a higher SP. Catch 22. Of course if one of the FO partners can integrate our BoD in their operations they have first mover advantage. Even the smallest levels of uncertainty (eg political) should keep a recommendable bid price down a bit. If bidders wait too long they will fail or pay more than necessary. One way or another I think you are right that 1Q24 is shake up time for the SP although a surprise move over the holiday might steal it. Keep your phone close Mr Benitz .
I, like PC01, still own as many as I ever have done.
Planned since Spring. Not new news. This might be more accessible:
https://www.oilandgaspeople.com/news/story/dana-petroleum-announces-end-of-production-for-western-isles-fpso
Groundhog day and déjà vu all over again. Desertsands, many, most of us, on here have long since consigned JS to the green filter. His mission is to whip up a flaming row, to what end nobody knows. There is never even a smidgen of value in its posts (I don't know the preferred pronoun). It is a worthy task to occasionally confront the drivel from JS to help folks new to this board (yourself included) to understand what it's about. DU defends the substantial contributions he, in particular, has made to this board by taking the time to dissect and dismantle the drivel.
That's more like it. Agree with every word: especially last para. I just wonder if the likes of JRM have the gumption to stop trying to teach the old dog to change its spots and be done with the party of blithering halfwits that run the country today. Is the choice really going to be more of the same or total disaster in the hands Labour. Lord preserve us. What we need to reset the O&G debate is a really cold winter. That should refocus some minds.
Dick, please, you are better than that. Click the 'Past year' or 'All time' tab for a different perspective unless your only point is that the wind doesn't blow every day. As an accountancy expert you surely don't deal in insignificant statistics. There are plenty of significant statistics with which to beat the JSO types.
I see she studied maths and philosophy at Oxford University. This *might * mean she can understand that the EPL income is inversely proportionate to the rate and will trend towards net zero as the industry up-sticks for the/a Gulf . She *might* also understand a moral argument around the emissions of imported gas being 4x (+) of home-extracted gas. Being a Brexiteer perhaps, just perhaps, she has enough spine to call out the daft notion that energy security = shutting down the UKCS industry in favour of imported fossil fuels. We live in hope.
Ithaca have updated the market with these comments re EPL ...
"As capital investment plans are being drawn up for 2024 and beyond, both Ithaca Energy and our diverse partner groups are reconsidering the attractiveness of capital deployment opportunities in the context of an enduring Energy Profits Levy in what we would consider to be a return to normal commodity prices.
“As an inevitable consequence of the current fiscal environment, our medium-term production outlook will be impacted, such that we now anticipate production in 2024 to fall below 2023 levels.
“We strongly believe that further amendments are required to the Energy Profits Levy.”
So O&G industry still pushing back. If they further reconsider their 'capital deployment opportunities' there will be no industry to save and our country will truly have gone to the dogs. Perhaps this bad news is the reason for a big buy or two of JOG shares.
Hey DU, whilst I agree with most of your observations, I have to point out that I haven't recommended Einbert's post not "because it hurts to think" but because he's previously shown his contributions as unworthy of my time so he's on my 'green' list. Of course his link is not his work, so I'm happy to take exception and take a peek at his post and read his linked item. I might even 'un-green' him on your implicit recommendation.
Also, you'd have thought the Conservatives would have learnt their lesson re pinning blue rosettes on donkeys by now - even if they can tell a good joke in Latin. The others are equally incompetent at picking leaders - did you see the clown-cannon? Priceless. All the potential leaders with genuine leadership qualities are throwing in the towel. We are doomed! Doomed!