Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
If it can close above 0.38 today I'll be more than happy. Expecting some profit taking at this price but I think we've got the shackles off now, so its only going one direction, crack 0.40 tomorrow, 0.42 Friday and next week is a whole new ball game. GLA
The 0.38p pre suspension price is an anomaly also. Hadron were dumping then also, so it was being heavily weighed down then too. I have a current valuation of around 2p based upon a PE of 16 (on today's production output, circa 3500 bopd), which is industry standard. Not expecting it anytime soon but I can wait. GLA
https://www.**********.co.uk/articles/traders-cafe-with-zak-mir-arthur-millholland-president-and-ceo-canadian-overseas-petroleum-6d2d8e2/
If there no warrant/II selling then 0.38 will be used as a traders barrier, however, I fully expect this to be blown away very swiftly. Reality is, this was pre suspension price without the Atomic deal confirmed and monumental operational updates. Traders can use it all they like but the clever money will be buying not selling. They’ll be left holding the baby and scrambling to get back in. Diamond hands as they say. GLA
It beggars belief! We watch the share open at 0.61p last month, the SP has been dragged down to half this amount by warrants,II’s and cash sitting on sidelines waiting for a buy signal. We get a short and sharp rise of 6% and some PI’s think there must have been a leak! Was there bad news for a sell off?? They must be on the wind up - surely.
An important point with regards to the netbacks - these will rise exponentially. The $31 quoted was for Q2 average, so on quite a low average of bopd as there was a lag. Art's already stated the majority of costs are fixed so as the bopd increases, the netbacks will rise at a much higher rate. Quite a significant point, as the miscible flooding is performing extremely well - this should be reflected in the bottom line all going to plan.