Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Everybody here needs to remember that the commentators are - in the main - protected by an alias. You should treat this forum in exactly the same way as you would a poker game with a set of complete strangers. The difference here is you have no idea if people are long, wanting to get long, or even short. You don't know if people are clever or stupid, industry experts, financial experts or complete novices. Sure, there are clues, but the cleverest here will be very skilled at hiding their agenda. So - the first thing you should ask yourself, if somebody chooses to make a spurious comparison, such as that with Sirius, is why? What is their motive? It almost certainly is not because they want to help you. Who benefits? Answer that, and the idiotic comparison with Sirius starts to make sense.
Well done EB. It's very tough to buy when the World feels like it's coming to an end. My last buy was at 1.7p and I was buying other things last week so sat on my hands re. Arc. When this finally moves it will shock and awe. I salute you - nice print.
Not £7m, 7 million shares or about 1% of the market cap. When there's nobody to take the other side, the price craters. You would need your head examined to try to sell in this market so I would guess it was a margin call. Who knows. Makes no sense given the convert was raised at 4.5p. At some point those guys will step in but they might as well let it find its level I suppose.
Volume so small here that price is irrelevant - if you disagree with the market, you can be the market. The price that matters, if that's not your cup of tea, is the one at which they raised $1.7m a few weeks ago, namely 4.5p...
Poorman I'm going to call you out. It is actually almost impossible to make money "trading" the dips on a stock like this for short-term gain. Reasons being illiquidity and a massive bid/offer spread. To the extent you have made some money, it will be peanuts. And on a risk-adjusted basis it makes no sense. I'm with Hierarch, who makes a lot of sense, unlike anyone who advocates trying to day-trade an illiquid micro-cap. The only guys that win that game are the brokers. Anyone who is selling at 3p when the reference shareholders have just subscribed at 4.5p is an idiot in my book. No sophisticated analysis required.
Share price action is frustrating but only a fool would draw any conclusion on value from daily volume of less than £200k equivalent. It doesn't mean anything - the fact that a stock is listed (particularly on AIM) doesn't mean the market gives you a constant valuation for the business. I'm guessing there are still some loose hands, there will always be short-term traders and there are also those who end up chasing their tail and doing the market's bidding. So, my tuppence would be - don't draw the wrong, or indeed any conclusions from the tiny volumes trading in the low 3s. $1.7m was just arranged at 4.5p plus - that's the only datapoint that has any meaning here... Just my opinions, GLA.
This is a serious expression of confidence by the bigger shareholders in Arc and is very shareholder friendly. $1.7m raised by way of a zero coupon convertible with a strike at a 66% premium to the price when the agreement was signed. It's hard to believe the premium is still over 40%, which I would ascribe to low liquidity and a general absence of market participants today. This deal will clearly ensure operational funding is in place but is also, in my view, designed to strengthen the hand of the company as negotiations with strategic partners intensify. The deal is a huge positive for all shareholders and I would expect the share price to converge with that 4.5p strike now. I am long ARCM and these are just my opinions, not to be relied upon.
This is a great deal if it completes as scheduled. $1.8m upfront plus an uplift to the equity value of Arc by saving approx. $200k p.a. on running costs.
A 5% capitalisation rate on that saving is perfectly reasonably so the up-front positive impact on the equity is about $4m or 15% of the current MCAP. Add to that the removal of a significant management distraction, potential stage payments in future plus the fact that the deal removes funding pressure and you have a very good outcome in my view.
There's been a lot of complete garbage on this chat over the couple of days. Individuals working out personal issues they seem to have with each other and wild theories being bandied about. The standard of discourse has become dire. It's frustrating because at times this chat has been incredibly useful for those (like me) who have no mining experience and struggle to interpret some of the news flow here.
I just want to clarify two things:
1. Lending your shares out on a highly volatile AIM stock because you are attracted by the lending margin and/or want the price to go down would be the act of a complete moron. In my opinion it is not what's happening here. The lending margin is not particularly attractive - it makes sense if you are a portfolio manager responsible for a basket of stocks worth hundreds of millions, but as part of a strategy on a single micro-cap? Laughable. If these "rich shareholders" really want the share price to go down, all they have to do is step to one side as smaller investors look for liquidity, perhaps because they are spooked by the nonsense on chat boards like this one. Largely, that's what they have been doing. Let it find its level. Welcome to AIM and to trading illiquid securities.
2. If the same "rich investors" are selling in any serious size, their trades have to be posted on the exchange. That hasn't been the case and anybody telling fairy stories that they have is clearly the one hoping to pick up stock at a lower price.
I'm sure 99% of participants here realise all of this. The pathetic squabbling will no doubt continue but I would urge everybody else to focus on what really matters, namely the news flow out of the company. The rest is all noise.