Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Reasonable question but targets are a movable feast. My target is 80p but if it looks capable at that point in time of going higher then I will move my target higher. 80p covers all my needs thereafter including provision for children and grandchildren. I am fortunate that I am starting from quite a healthy base though. I also hope to up my donations to charity and anything over 80p would allow that to happen. The question is whether this share will get to 80p. I believe it has the potential to do that but it depends on many factors one of which is the potential of SW.
Any signs yet of the usual final last trade for a million plus shares. Possibly too early though yesterdays said 8.15am in the morning but MM's disclosed it at the end of the day, as they did on Thursday or Friday. If repeated this evening then its more than a co-incidence!!
Joe...how close to the drill holes? You wouldn't build a road for a 10 year minimum mine if you intend to dig up the ground nearby. SW is a near surface mineral deposit so open caste mining would I assume be the method of extraction.
I would think its anticipation or a forward placed contract order from a gold funds buyer in the near future. If its anything like the size of the last purchase it will take some gathering of shares prior to the actual purchase.
Agree Matty...the whole thing is a complete mess! Biden has his work cut out to clean up the mess and the divisive view on life that has been created in the USA. For me Trump has been toxic in the manner he has carried out his presidency. Opinion by tweets and personal denigration of opponents and if you dare to disagree with him your sacked or ridiculed. Neither democrats or republicans come out of this mess with any credit but I prefer the stability Biden hopefully will bring to a once proud and respected society.
NC have been extremely positive about HAV in their presentations to date and made it clear their intent to mine. If they do a NM and walk away we will have all been misled including institutions . Can't see bad news myself as we have had nothing but good /brilliant news to date, hence the shareprice.
Fair comment Zoros. Someone yesterday gave the link to a very good timeline chart from exploration to extraction and we are talking 1-2 years at the earliest. I'm more interested in ascertaining the size of the asset as we can then make some realistic calculations and move on to GGP's other assets. There is very little doubt that this is going to be mined by NC but calculating the size of HAV may well be months away as the MRE is only the start of the calculation.
NC taking a share in GGP would be a very positive indicator that this is a major find and the share price would certainly move accordingly. It would be a total vote of confidence in the value of the asset. All the evidence so far disclosed indicates it is a major find, possibly one of the best for many years and it wouldn't surprise me if negotiations are going on in the background. Having said that it would be difficult to value the asset at this stage. I would think that any negotiations taking place, if they are, would be for similar JV on SW.
Can anyone remember why Newmont walked away from their interest in EG. If I recall it wasn't that they hadn't found gold but that it wasn't a priority in their future project list. Having said that if they had found enough gold they would have been interested although the POG was much lower then and perhaps the costs of extracting it were too high.For some reason I had the feeling they might come back to it for a second look.
I find it amazing that having dramatically dropped the price on opening its been on a gentle upward trajectory all day only to finish where we closed yesterday. That must be manipulation of some kind or just no change on the day??. Its not the first time its happened either have done so on a number of occasions. One could easily believe its being held in a range for a reason. If NC are going to buy Hav and possibly SW or even the 5% additional of HAV it is in their interest to keep the share price, thus MC as low as possible within reason. I can't see how that can be manipulated though. Possibly just a co-incidence!!