Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
And in that time since 2011, has nothing in the world happened that would create instability in the world or financial markets?? Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha. If you can honestly say that everything that has happened since 2011 is AHO's fault, then back it up with hard facts. Was he to blame for Lloyd's taking over HBOS? Was he to blame for the PPI scandal? Was he to blame for previous incumbents decisions? Etc. As far as I can tell, the only thing that really we can trace back to being his fault is the affair and what had/has that to do with Lloyd's? Since 2011, have we received dividends? Have RBS shareholders or more appropriately has the government received dividends from RBS? Have we left government control? Have RBS? I guarantee if the share price was a pound a share, you would be singing AHO's praises, but it isn't and so you blame him for everything.
Mick if your average is that, then I feel for you, I have been invested here for a long time and my long term is aiming for a minimum of 12 years, as I have invested in these for my daughters future, but in reality, it will be a life long effort on my behalf. I have been lucky to reduce my share price from 85+p a share to the current level, but that is because I have a monthly investment amount that has taken it down to these levels, plus with the div re-investment, that has further reduced it. Brexit made sure I got some at around 50p a share, but the longer it holds out at these levels, the better it is for me and those lucky enough to have shares at or around this level. Not rubbing it in here, just offering a balanced effort to those complaining about the share price level, as the lesson is, everyone says something from their own perspective. It just takes a while to work out which is their perspective.
Why are people complaining about the share price? If you are in for a long time, the share price will average out over a long time. If you are after a quick buck, you are in the wrong place as this share a slow playing dividend stock. Let's be fair here, the lower it stays for longer then the II's and long term monthly re-investment investors are happier. Personally I am a monthly re-investor, so I am happy with the price, because my share price has gone from a high of 85.7124p a share to 66.8688p a share and will drop further on my next purchase. Plus the lower it stays at the moment, the more shares that Lloyd's buy in the share buyback and the better the dividend is in the long term. By my reckoning, Lloyd's have purchased 631,492,233 for a price of £414,891,941.95 giving an average price of 65.7002p a share and dropping by the day. Long may it continue.
Jange, It is all guesswork at I put a pound after the consolidation, because we will be looking at a minimum of 5-10% divs at full production and loan paid off, etc. Yes, we will still have to fund the other projects to fruition, but I am sure that if we are producing something like 2,700 TONS a year of WO3 concentrate and expanding to T3.5, we will get an excellent deal on finance. At the moment, the Blackrock deal is a good one, even with the 5% dilution, but at least it intrinsically links them to the company. We just need Regua sorting out soon and we could be on par for 4,000 tons of WO3 and use Regua to underpin Tarouca and bring that on for full protection too and we may literally become one of the biggest suppliers of WO3 in the Western World. Once those are steaming along, we should get the gold and copper online and look at other opportunities too, if MM is thinking long term to build a mid cap, he has a long way to go, but if we get to mid cap, our shares will be worth a small fortune.
The government grant comes is conditional, we have to create local jobs, come on steam before a certain date, etc. So there is no guarantee on that money just yet, hence why I haven't included it in my effort. It will help with the ramp up to production if we get it though.
Let's be truthful here. We have a good company with minimal debt, absolutely massive potential across not just Tungsten but Copper and a bit of gold, so diversified and not just relying on one asset or metal to get us sorted out. We are lucky to have MM and yes I know that people will still doubt him, but he has got funding for about our equivalent Market Cap, so what in effect is priced in here??? Personally I think that we will see a rise here and it wouldn't surprise me if we got to near a penny per share in a slow rise. Then 2-3p on production and then a possible consolidation of 1 to 10 and onwards and upwards to towards a pound and 5-10p divs per year.