Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Don't know if anyone reads the ARB forum, but there is someone over there who claims to be a EUA holder but was complaining that this BB was a cult and that no negative opinions were allowed, often was defending the views of derampers despite expecting some sort of sale.
If you look on the ARB board now, this individual vehemently defending ARB and telling people with any opinions about a dilution to sell up and leave the BB.
I don't need to mention the name, but it just shows, people only tend to call for free speech when it suits them.
FYI: I hold some ARB, using a trading pot.
DORE
All you do is complain and complain and complain and complain, every single bloody day.
Everyone is sick of it.
Investing takes years to see profits? OMG who would have knew? Welcome to the real world, not everyone flips a 10 bagger in a few months.
I don't know what else you want at this point, the company is on the verge of a huge sale and return to shareholders, but you are finding a way to dampen the mood, why don't you go chase a rainbow elsewhere if the company is a pile of rubbish?
Immature and petulant, upset because he can't get all his candy straight away.
My guess as to how it has played out:
- Invited to submit offers to UBS
- DD on assets
- Confirm interest and submit initial offers
- DLA Piper brought in once sufficient interest was confirmed
- BOD and potential buyers noting the increase in value of metals (especially Rhodium)
- More parties joining the discussions and submitting offers
- Rule 2.9 announcement - indicating possible move to a binding offer
- Then in December, someone else must have came back with another offer, at which point talks maybe about a consortium structure may have begun, but as the holiday season approached, talks would have naturally been put back until after Christmas
- RNS with FSP updates in regards to non-binding offers in January
Leaves us where we are today, just a little guess, naturally I feel this will be coming to a conclusion soon, I've always thought sometime this month.
'Cream rises to top but so does the lye from metals...had we had gone into work with sinosteel we could be at production and selling the metals from the open pits...in the absence of dfs we can only assume a relatively small extraction of pgms from west kytlim.. dont forget there is a reason why eua had such a small cap value...seems like we or the market have known about its truth worth. Yeah people say it's been misunderstood whose fault is that then?'
What are you trying to suggest here?
If I'm correct in thinking you that you are suggesting the company isn't worth its current/future MCAP, then shouldn't you be finding a new place for your money?
Wonder if it has anything to do with what was posted on ADVFN,
That link that was posted refers to AC's stake referring back to 2019 but some clown has posted on there thinking DS has sold some of his shares, you can't account for stupid, the news is from 2 years ago.
How it feels when we knock on the door of 29p.
https://youtu.be/G0ScWadCkxc?t=75
I might end up being completely wrong but,
Got a feeling today we will get a surge in volume later and see a move up to 30p at some point, might not close there mind you but it would be good to at least have 30p paid at some point.
'Pete, I do think it is a consortium bid/winner now'
Agreed, the question now is who, like Mac said, can NN really afford to throw away the opportunity of MT?
And if NN are part of a consortium to buy, who else is involved?
It is really interesting and very exciting at the same time.
belstaff, the bid and ask is going to keep fluctuating all day long, nothing is about to pop off at this volume, we aren't going to move up much, no need to get excited about them offering 28p to sell, we know they are filling big orders.
'I believe the exact words"Until a transaction is finally concluded there can be no certainty that a transaction will occur or on what terms.” Text is standard boiler plate used in many instances and certainly not specific to the EUA RNS so I wouldn’t read anything into it whatsoever.'
There are plenty of standard messages to use, they could have easily said 'There is no certainty that we will move to a binding proposal', or 'There is no certainity a transaction/deal will be agreed'.
In my opinion, the company have done a fantastic job in trying to tell us what they can whilst effectively being silenced by interested parties through this process.
'Shareholders should recognise that the process Eurasia is in now implies that the Company is very limited in what it can discuss in the public domain. Nevertheless, we look forward to updating our many long-term supporters and new members.'
It makes absolutely no sense for Eurasia to hold back any information, they have been very open with RNSs and interview prior and any pubically traded company will attempt to release information to help grow the share price, especially with the BOD being so heavily invested.
Something to consider, the lack of news, the silence, it hurts the share price but it hurts the BOD too? So why would they want to hurt their own share price?
It tells me that they are being forced to stay silent at this time but they are comfortable in the knowledge that a deal will be done.
Pick out a handful of RNSs from July, most of them include small hints without breaking any NDAs.
'My feeling is the buyer(s) own due diligence is both extensive and time consuming, as it should be for an investment of this size. They won’t pay a blind bit of notice to things like ACF reports. They are probably undertaking a significant qualification exercise to demonstrate to themselves that what is claimed to be in the ground, is in the ground, using their own trusted analysis processes.'
I do feel like we have already passed that stage, simply due to the non-binding offers.
I think Ethio has hit the nail on the head about the complex nature and the type of transaction that may happen with a number of different companies.
RNS stated:
"Progress to date has been slower than expected reflecting the complexity of the process, involving several parties and structures"
I think we are going to be really surprised with the end outcome.
Another thing to note:
'Until a transaction is finally concluded there can be no certainty that a transaction will occur or on what terms.'
People were focusing on the 'no certainty' element, meanwhile I was looking at the 'until a transaction is finally concluded' and 'on what terms'.
The no certainty on the transaction is standard procedure with any process like this, but they did not have to mention 'until a transaction' or on 'what terms', this is key for me, it basically spells out a deal WILL be done in some shape or form.
MrYFronts,
'What has changed. The share price has gone down and the price of PGM's has gone up. So the risk/reward has changed.'
You just exposed yourself with this line.
The share price has been going up and down for months, PGM prices have been going up for a while.
PGM prices are at the same levels they were when we were previously in a similar share price region and the share price was just stuck.
At that point in time, we didn't have notification of non-binding offers, the WK DFS.
The risk and reward didn't change because of the share price movements and the PGMs, the risk and reward factor changed when we had the first notification of an intention to move to binding proposals.
But from that period up until recently, you had 'sold out', and were extremely negative about the prospects of the FSP.
But now, all of a sudden, shorts are closing left right centre, and we are reaching a period of which binding proposals may be released, no wonder you changed your tone.
Clam on as much as you like about being an early investor, makes no difference because the bottom line is when it really came down to it, you spent a whole month spouting crap about the FSP and the potential outcomes, and now all of a sudden your risk and reward has changed?
Everyone can smell the dead rat in the room.