Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Crikey....no wonder miners are glued to the floor and nobody's interested in gold! Over the last 2 months the combined sum of the high/low ranges of gold is 279 points!! Five of those eight weeks have amounted to a net change of less than 10 points!!!. The gold Analysts are all at sea over the direction it will travel next!!! I couldn't stop laughing when I read this!! Even I know where its going...and I failed my cycling proficiency theory!! Here's a clue.....Dollar....UP.....Gold.....DOWN. Dollar....significantly DOWN....Gold....DOWN!! It's like playing on Yeovil's old ground and not changing ends at half time!! In other words playing up a bl!£dy steep hill. Haha!
Hey mate...nice to hear from you. Don't know what has happened to Tom. I hope he gets in touch, I'm considering a 4 month tour of western Scotland. I'm confident that the CEO will turn this around and bring this company back as a top success. As I said before...I don't think Elliott would be continually lending them money...unless they could see a viable plan/future.The review of the company has been ongoing for some time now, seems like a real shake up. That had to be done and is well progressed. Companies who don't go through this comprehensive appraisal, I feel...will fall by the wayside. Its going to take time. But anticipate good times ahead. Also M & A back on the agenda for the big companies. Avocet used to be a target....not sure if that's still the case. Hope someone else can enlighten us on that. Don't think they'll be acquired. Keep the faith...it'll be good!!
Haha! Love it mate! You know me....just did it to prompt some reaction. The silence on this site is deafening!! ......Your name will also go on the list....what is your name? ....Don't tell him Pike!!..haha!
Tiiiiimber......Gold price...... dropping like a stone down a mineshaft!! Tomorrow....guess you've all read the script.....TIIIIIIMBER.....Gold price like a Grand Piano down a mineshaft!! Miners...time to board up and pack in! Doomed!!
STRONG BUY!! There you go....how remiss of me! Anyway....my comment of nonsense was probably a little hasty and inaccurate.....What I should have said was....your post was irrelevant. And the explanation for this has been kindly provided by....keepitups last post. I'm sorry to hear you are standing a big loss....so am I. BUT...the tide will turn next month and up to September...I believe. I'm sure you will make a big profit here. Stick with it. Good Luck!
What a load of nonsense!!
Gut feeling is that the money loaned was on the basis of a very comprehensive business review...which has been underway for some time now. Miners have had to change the way they operate drastically and I think/hope...AVM will be one of the Juniors...leading the way...efficiently producing lots of gold at low cost! That's why you would loan someone substantial funds! They have a plan and I'm betting...(topped up with another 35000) that when it comes to fruition...they will be leading the pack!
Think you're spot on mate!
If you work in an office and you spot a colleague with a Platinum pen....take your lovely Gold one over and ask them to swap. Because it won't be too long before there's worth more than yours!!
Being crucified!!
Its Friday tomorrow....so we can say goodbye to gold....because It will be plummeting down the elevator shaft again!!Just considering selling up here Tom....and investing somewhere with a higher % chance of survival. I think in a few months these are finished!! What you reckon??
Allied Nevada Gold Corp have filed for bankruptcy. Low cash flow...high debt and short mine life. Sound familiar characteristics!!
Hey mate...I'm sorry to see you're out too. Hope you haven't gone to BZM....after their meteoric rise...they're falling in chunks. Think we're all in the same boat.....even RRS have dropped like a stone. The only consolation is AVM seem to be dropping the least at the moment!! Don't know why, seems there's some support coming from somewhere!! I'm sure gold will get its usual Friday caning... !! can understand investors deserting this sector. Can't see an end to gold's treatment. Its not good!!
That's an easy one my friend....smashed...and manipulated down near $1000oz....!!
I can't remember which analyst said....we will be lucky to see 1300 dollar an oz gold for a long time...but I think he was spot on!!!
Poor profit margins....cash flow....management. Stack of debt. Gold smashed....if it doesn't bounce quick...and I don't think it will...I think AVM are finished. Interesting to note though that SP didn't drop big time. Arguably better companies...ie...Harmony....getting slaughtered. Lots of closures looming. Gold going to get continually smashed....no hope for miners now...imo!! Time to get out before this hits 2p!!
Well...well....well....gold smashed....told you! Maybe I should get a job as an analyst. This must be on its way to 3p....if that!
Can only see this being saved as an acquisition....but who would buy it??? Any offers guys?
No end in sight to the slaughter on gold and miners....it's looking dreek Tom!!!
I think working capital ran out a long time ago.....the company have had more loans, than I've had car loans. Never mind about....life of mine....details! Gold APPARENTLY hitting all time demand.....supply....shrinking drastically!!! Price....DROPPING!! Work that one out!! Be interesting to see what happens tomorrow......I think you have to be talking...life of company. I think if gold does take a big drop soon, cant see how companies like this can survive anymore, unless the likes of a nice Bank or Elliott....throw them yet another financial lifeline....which I doubt!