Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
The company is implementing a business strategy which is in keeping with any small
embryonic entity at the beginning of its Life,,,,,
A) A small number of restaurants per city
B) Ensures costs are kept to a minimum, retaining working capital levels
C) Ensures any IT problems are more easily rectified.
D) Minimize any potential customer problems during implementation period.
E) Increase staffing levels gradually (with new territory managers) as and when
business justifies these needs.
F) Then nationalize in accordance with Business plan later this year.
G) Potential acquisition possible as would be attractive to one of the majors
like JUST EAT as a compliment to their delivery service.
H) Fully Funded for the next 2 years, no dilution ...( a Hugh weight for shareholders)
I) Whichever way this goes = Hugh Potential= MCAP once National = 100M +
ALL IMO...
I have previously mentioned my concerns that for whatever reason = Colin was
very responsive to providing an operational update every month on production
figures up until April 2019.
We now have no figures relating to income generation for April and May and we are
only 2 weeks away from July.
The rather cynical view that I have on this is that these numbers have been reducing
month by month up until the last reported statistics. The concern of course is that working
capital requirements to keep the lights on is now not coming from income production but from
shareholders placings. The compressor i believe will not come in to effect until the end of the year
so no increase in numbers until 2020. In my opinion serious remuneration cuts are required in light
of the companies predicament. The other concern of course and I can understand the BOD reluctance
to issue proceedings against the government of Slovenia is that any legal result will not benefit AST with any
monetary benefits for years to come by which time you may reflect on the fact ...where will AST be in 4/5 years time.
Another strategic review from Colin and Co????????? How does he plan to keep AST's lights on!
Moneyhawk,,, ENI woud be a good fit.........Capex for 2019 ...8Billion...Cash flow 0.9billion.......
why not as good as any other option proposed....
This waiting just kills you ...as phrontist mentioned
Slightly worrying that Colin has decided not to provide any operational update figures for
the months of April and May,,,
Something must be happening behind the scenes,,,
With a positive result on Farm out News any ideas on MCAP expectations,,,bearing
in mind that we did get to 250M 2 years ago....
Fair point to you AJAX--- The warriors in 1979 - Yes a Great classic film,,I was in
New York in 1979 and using the SUBWAY to Coney Island and Battery Park,,,
Very much Gang times and the New York cops with their truncheons
Loved the period
Potential, FO..Big Oil companies at our door....Clearly the markets are not impressed
No mention or notification of this on the CGH website - only on Contango
Holdings Ltd....Noted shares site in nominee account as CGH Ltd....
If its a reverse take over will these share be then converted into Contango at the
prevailing market rate at the time of re-listing to the main market.
Figures mentioned at £0.60p per share if I'm correct.
You are editing the part........."But of course there is"?
Lets not forget the AGM is a standard operating function, purely to pass annual
resolutions. NO DETAILS ON TRADING POSITION needs to be declared.
Being somewhat cynical its in the Directors interest to be vague and non specific.
Whilst yes DW and board have skin in the game,they are also well compensated with
generous remuneration packages. They are clearly clever individuals with media savvy
presentation packages with plenty of glossy graphics which adds weight to the all around
competency of the company. However there does come a point when you have to ask some
serious questions, This FO was extended apparently at the request of the participates by an additional
3 months. We are now 2 weeks in nearly from the end of the process with the AGM on Monday with still
no word. Hopefully tonight or first thing Monday morning-but if it lingers past the AGM then well ( They could say
anything) and no specifics or details relating to the bidding process can be disclosed because of the
confidential nature of the discussions. WHO knows is there even a Bidder? But of course there is ?
>>>all will be revealed .......very soon I think= All in my opinion
Next month production figures are likely to be the last month of any note...
Unfortunately time is becoming critical...
Needs to pull a rabbit out of the bag pretty quickly or its back to the shareholders
for more funds?????
Although Duster is somewhat negative and repetitive =he does have reason to be....
Income is significantly declining (with only one more month left) #########
Expediture (working capital+ directors salaries is not sustainable
Any income from Legal conclusions is years away.
Directors strategic reviews have been somewhat disastrous (and thats an understatement)
As a CEO - well you make up your own mind, CH is an accountant.
New projects, well really whose going to seriously consider investing in a Business
whose directors are ////////////////enjoying the benefits of lifestyle salaries.
Is anything going to change,,,well do turkeys and Christmas comes to mind ..ALL in my opinion....
Although Slovenia has pledged allegiance to the European union the
country is still very much a vassal state of Russia. The natural resources business
enterprises are in the pockets of the Oligarchs which have direct allegiances to the
Kremlin. They have a monetary as well as a geopolitical vested interest in ensuring that
European business is not encroaching on what they consider is their territory.
CH and AST are unlikely to change the dynamics of this situation, As to the threat of legal
action .......The Slovenian authorities would probably laugh. ALL in my opinion.
There in lies the problem stockdale,
The book by Craig Unger, House of Trump/House of Putin opens the lid on the Russian
Oligarchs dominance of the natural resources industries.
Billions of dollars are made from the acquisition and resale of these assets.
Gazprom and many others are owned by the Russian state who fear the intrusion of
western business in there backdoor,
There in lies the problem -my opinion
A good RNS -likely Monday morning reference Oil Patches and hydrocarbons could see
our MCAP doubling to 130 M (2. 2 P) per share....
Likely towards end of March RNS giving commercial flow rates could easily see a MCAP
of 400 Million and then a FARM out announced on top,,,, target price by end of March 10 p plus.
That in my opinion is a conservative figure should good news be delivered...
NO oil, well difficult too see where we go from there....
But lets be positive we are due some very god news.
This week should be Hydrocarbons =potential oil patches, in the seebee...
Key area, flow rates and commercial viability 3/4 weeks time,,,,
Lets hope its 400 M B + and is commercially viable....
Anyone for price if it is????
Cash shell for 6 months -delist and take the money IMHO...its AIM after all
Thank you to those who have quite rightly objected to my very basic comments.
You are correct that this wasn;t an entire failure as data can be derived for future analysis
which may well result in a more informed decision for the next exploratory well.
However we have to be honest and say that it wasn't the result most investors
were hoping for.
I like most others on the Bulletin Board have a reasonable level of investment here and
I am hoping for some positive short to medium term feedback. We just have to hit oil with good flow rates
and then a good farm out to seal the deal, Even sell the entity or better still retain the asset and lets
have dividends.
It would appear that last years spud on ICW 2 & its failure has been the catalyst for
a lack of forward momentum here....
Lets hope its only temporary
The wells are declining in production volumes every month,,,,we are now down to 70K
for last months income. Without the re-stimulation permits we will be left with only costs.
The company at this stage can simply not justify the salaries.
I would suggest that at this months Shareholders meeting this subject has a prominent position.
NO revenue = more placings/primary Bids, just to keep the working capital going at a heavy
cost to shareholders. The lack of Director investment probably tells the story, as well as going from
part-time to Full time, Easy money.