Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Not bad @TC ;-)
https://drive.google.com/file/d/1w4Z2AJheQo2beS_b6yyRcby31ZmZvBv-/view?usp=sharing
@EV "I think you may be misunderstanding how JVs work Dallas, we own 30% of anything that comes out of that entire area."
I think your wrong there @EV...
There's a big difference between an exploration JV agreement and a mining JV agreement
They haven't agreed any terms of what comes out of the ground is my point. The only agreement we have is for exploration purposes only
Hence KM's stated importance of obtaining an operational / mining agreement.
@Bannor there is no agreement to mine it as a JV, so a 70/30 split of material is immaterial.
If we don't accept a low ball offer and Ganfeng go it alone with their 70%, the land could be split 70/30 easily....It's already divided into five neatly wrapped parcels, they'll just give us one.
We know Ganfeng will want it all, and us out, all depends how hard they want to play.
Perhaps it's on their 70% @EV, perhaps they have already divided it up lol, we could end up with just El Sauz or Fleur 1 and the rest is theirs, they are the majority shareholder of the JV so could pass through anything they wanted to, perhaps we have already agreed a sale. We are all just speculating with what we know.
When it comes to negotiations I emphasize the importance KM put on getting an operational JV agreement. Without one I think it significantly reduces the value to us IMO.
@EV I will say without the operational agreement, I don't see any reason why they can't exclude our bit from 'their' mine plan and proceed with their 70% of the JV area alone. Hence I am expecting a low ball offer.
The problem with getting into bed with a 800lb gorilla is getting crushed lol.
Chess moves...We are still a minority partner in an exploration JV though, with no agreement or obligation to mine the JV together despite trying to get an operational agreement since 2018 to no avail.
Now what possible reasons would the operator have for not agreeing to / avoiding one?
I have my own thoughts...What are yours?
I think you'll find the equilibrium based on volume bought / sold since 2013 is 17.6p lol.
But each to their own.
https://drive.google.com/file/d/1-4sRpPQNHqP87BPSmxWf0U6WaKy20tz9/view?usp=sharing