Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Don't think he was talking to you Seingred.
I think that online execution-only brokers have made it *too* easy for anyone to jump into the stock market, without a plan, without much in the way of financial knowledge, and without the mental fortitude to really cope when things go badly. The stress can take it's toll. Feelings of being 'locked-in' are compounded by common but unhelpful message board refrains like 'you only lose when you sell'. A fatalistic attitude develops as a coping mechanism. Lacking the strength to truly take control of their destiny, they blame everyone and everything but themselves for the pickle they've got into.
888 calls many such folks derampers, but that's not quite how I see it. They are victims, not villains.
Why would you continue to hold then?
Since we are investers in the stock market, we must empirically believe that the market is not efficient. Therefore, there will be times when the market misprices a stock, sometimes to the upside and sometimes to the downside. Therein lies the opportunity.
> so what is causing the delay?
Lawyers, paid by the hour.
It took 2 years to sort out my grandfathers will. Not the simplest will ever, but hardly 2 years worth of work either.
Oh, and they expire after 5 years as well.
A quick observation, which you may have taken account of, but I didn't see mentioned...
All options have some initial restrictions on when they can be exercised. None can be exercised until one year after the grant date, then only 50% can be exercised until the 2-year mark. 100% thereafter. So none of the 2022 options (granted 13/09/2022) are available and probably only 50% of the 2021 options will be available (granted 1/6/2021).
8 minutes-ish.
https://www.reuters.com/article/mining-gold-china-ma-idUSL5N2L02O1
So are the 'extra' trades on Google Finance complete nonsense then? If so, then that's really wierd. I could understand one platform *missing* certain legitimate trades for some reason, but *extra* trades appearing out of thin air makes no sense. They must be getting that data from somewhere?
Anything's possible. That said, your post is utter tosh.
I have observed that there are routinely trades shown on Google that are not shown on LSE, however, I wouldn't like to say where the fault, if any, lies. Does anyone know of a legitimate reason why some trades may not appear on LSE?
Good find. Not hugely suprising. RT is not really a precious metals company - sounds like they were wanting copper.
Makes you wonder who the 7 NDAs are with. One has gotta be First Majestic, right? Maybe Calibre? Beyond that, who knows.
Take a chunk off their capex and add it onto the aquisition cost, puts us in the right ballpark I'd say. Plus, we already have an FS - reduces risk - our AISC went up a bit with the FS IIRC...
I'll take a stab in the dark, but I really have no idea.
- I believe MC has expressed a preference for a full cash takeover in the past, rather than shares, though if the best offer is in shares, then that may be what we'll get.
- I don't think much, if any cash will be retained - MC will probably be eying retirement, or at least a good long rest. JM has plenty of other things going on as it is. The shell may continue to exist - it probably has some value to someone in it's own right, without any cash at all, though I really have no idea what would happen in practice.
- As for how the monies may be distributed, I would personally prefer the most tax efficient option, whichever that may be, since I have quite a few outside of ISAs/SIPPs. I guess that would be purchase of own shares, as then that would fall under CGT rather than dividends taxes? So that's what I'll vote for.
Calibre have never really been quite big enough to buy us, not comfortably anyway. Probably too many eggs in one 'frontier' jurisdiction for them anyway. That said, they probably wouldn't need to spend $105M on an entire brand-new plant - they'd just use La India as another feeder pit in their hub and spoke model, at least initially.
Still, we are to understand that there's 7 NDAs been signed, so there's more interest that just Calibre in any case.
Despite how much we may think it may make sense, I think we have to face facts - to the best of our knowledge, Calibre has shown zero interest in us in any way whatsoever. Given that Condor is now up for sale, a toll deal suddenly appearing out of nowhere seems highly unlikely.
Until a deal is signed and Condor is officially sold, anything can happen - if circumstances change maybe we'll wake up to a financing RNS, who knows - but the stated strategy is to sell, and so that is what we should expect to happen.
Time for a new heading!
It seems to me that despite the (highly understandable) misgivings, that full TK finance close is close, maybe very close.
Anyone like to take a stab at what the SP may be in the weeks and months following that RNS?
It's been a brutal year for most investors in most sectors. If you were in energy or maybe defense, you'd have done OK, most other things, not so much.
https://www.reuters.com/markets/global-markets-wrapup-1-pix-2022-12-22/
A purchaser will use their own internal gold price projections, rather than the current spot price. The mine won't be producing for at least another 18 months after all.
That said, heading in the right direction near-term can't hurt...
https://www.mining.com/web/gold-price-will-reflect-inflation/
FWIW, I find the most interesting thing about Beaty leaving was that I don't believe it was RNS'd (unless I missed it). He's no longer on the Condor website as a significant holder, so presumably he has indeed gone, though the whole situation was rather opaque to say the least. It's hardly suprising there has been some speculation (in both/all directions) regarding the reason for his departure.