Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Sorry for being lazy, but can someone remind me how many bitcoin ARB currently hold?
RS - I don't believe HSBC and KOG are updated on their list yet. They are probably waiting until all the RNS's are out...
AH - Significantly undervalued at present IMO. BB has been active for the past week so you will see our views. Basically we suspect a persistent background seller since the spike and continuing now who are deflating the SP, but results are positive for the core business with exciting diversification plans addin potential upside. Other IIs uping stakes as well. DYOR though.
Not sure trying to predict this one is a good idea Parsnip but I believe it will come good. Today, next week, the week after, who knows.
Easy with hindsight, but it looks like KOG's non exec placement (Hans Årstad) stood down from the Board in May 21. bailing out is likely to have been on the cards since then and they waited for some good news to create volume to help their exit.
4% is still 5m shares which is a lot of 20k's, but it does feel that we must be getting close to that number as there were a few 1/2m bundles. The only question is whether anyone will remember all the good news by the time they are done?
So quiet I'm nodding off ZZZZZZZ....ZZZZZZ Volumes gone and big seller still going at a slower rate IMO. 6 positive RNSs in the past two weeks, revenues approaching 2018 & 2019 levels, oil and gas prices soaring, credible partnerships for diversification into deep Geothermal and we're down... I'm normally patient, but thought this one would take off quicker... I still believe in the fundamentals here.
Great news, but still looks like a relatively small part of the jigsaw. More to come soon?
I'd guess volume is drying up because they are holding the price. Need to let it go one way or the other to stoke up interest. Given observations of L2 it could reinforce the view that they are transferring to another ii and want to keep the average down?
Followed by dumping of another quarter million shares. These big sells are clearly being drip fed in now, which is good in a way, but when will they stop? I suspect that is the remainder of KOG but they must be starting to run dry soon?
Breaking free? 0.1935
L2 - someone clearly knows they are desperate to sell, but also have faith in the true value. Mexican standoff?
Is it worth considering trading on the gap betweek US and UK? Surely they will close in. I thought that if anything the US listing would trade at a small premium?
Just topped up and as expected it shows as a sell thats five out of five in Igas. 10,666 @0.1875.
Back on last weeks trend - tight spread, lots of very round trades in multiples of 5k/10k, hard to tell sells from buys. Looks like seller still going to me. At lease they gave us a glimpse of what's to come when they are finished.
Hope you are right L2.
Parsnip - it is confirmation that there was a reason for the drop and also that it has finished or almost finished. While selling is normal, one institution offloading such a significant proportion has created the deflation. Would obviously have been even better if it was another ii showing faith by buying in but this is next best thing and fundamentals should drive it up to where it should have been in the first place.
I agree with JH. Suspect they are exiting and selling is still continuing, but even so at volumes like yesterday shouldn’t be long before we are shot of them anyway and it can be properly let free. The 100k, 50k, 35k and 20k trades continued yesterday although rate decreased. I haven’t seen such a sizeable holding disposed of in such a small company in this manner before. Anyone else know if it is normal? Hoping it will do even better when we are completely shot of them…
EOA, the EV of this company is still close to 1:1 with revenue and that obviously takes debt into account. It will go again. I’m still seeing lots of 100k and 50k trades. Seller still going?
Wow. At last…. This one was testing my resolve.