Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
More importantly in the immediate term, are we going to see an uplift in the share price, on the back of tomorrow's news?
Did the same thing, bought in today, meaning, i don't get the benefits of right s issue by getting the additional shares at a discount and i also loose because of the dilution. not looking forward to tomorrow
TUI is up by almost 5% this morning. with this sort of articles, you would think that all airlines share prices will be trading down today. The reality is, apart from treading carefully, most of these write-ups are self-serving. The BOE is not predicting a steep recession, and during the last major recession, we had predictions of the likes of AAL, Glencore etc. going bust, look where they are today. The effect of the pandemic is huge and if the airlines can survive that, I am sure they will survive the winter lull
i doubt he was working for anyone, he just seems to be a disgruntled individual with an axe to grind, with South Africa (political masters).
Another fall in SGL today, Lonmin marginally down in comparison.
All the more reason why i posted the article. A bit of an education for me as well as i was with the understanding that the board's actions are guided by laws and would be constrained by such. Their actions now reminds me of the difference between tax avoidance and evasion.
I'm inclined to agree with you. Lonmin's position becomes precarious in the absence of a fair rise in PGM prices.
You only need to look at the movement in the respective companies share price today to gauge what would happen if the bid fails. Lonmin will be okay provided the PIC steps forward with some sort of rescue (financial) plans.
I for one, like the PIC do not feel comfortable with Froneman in light of the recent SGL trading update.. That account presented figures that would have had there been no strike
SGL is not doing so well as well.
It is no more than scaremongering. Froneman wants Lonmin, he's waited this long when some thought that he would walk. i am sure with the right pressure, he can be convinced to increase the offer. Should the deal fail, Lonmin will survive. can you imagine the PIC allowing Lonmin's failure if it failed to assent the bid.
Sibanye Keeps Option to Increase Lonmin Offer Against Rival Bid
https://www.bloomberg.com/news/articles/2019-05-20/sibanye-keeps-option-to-increase-lonmin-offer-against-rival-bid
Lonmin Plans to Cut 4,100 Workers as It Closes Platinum Mines
https://www.bloomberg.com/news/articles/2019-05-20/lonmin-plans-to-cut-4-100-workers-as-it-closes-platinum-mines
I thought employing Ben at the time was a bad idea, he has to appease AMCU to get by.
We may not hear anything from PIC press statement is from anonymous source.