Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
They also would be unable to do that as court action would follow very quickly, either by disgruntled shareholders or the regulator.
The damage it would do to them wouldn’t be worth the risks as being blacklisted on the market is a no no.
They’ve acted well so far and we all share the same end goal here. News will arrive either tommorrow or first thing friday mark my word.
I imagine we’re going to have some quiet days here now as people await the news of confirmation the bank debt has been bought before the 30th.
Price of gold up at $1580 and holding steady which is all good for us to clear the debt and get to max efficiency as quick as possible.
Im hoping that the refinance with the shareholders will be completed by end of feb latest. Once that’s done we’re in an excellent position.
Glad to hear you made it out of that!
In my opinion it all depends how long you can wait. The longer your timeframe here the more you’ll make initially i think this will go to anywhere between 2.6p - 3.6p on just q4 figures and refinance.
If we talk next 3 years I can see it going 5.5-7p easily
Someone’s had a nice top up there today taking 1.2 million shares. They’ll do well from it whoever they are.
Im expecting the news in the following order. Confirmation major shareholders have bought out the banks, quarter 4 results & followed by refinancing deal
Sandstorm, this wasn’t the refinance news. This is 50% of it and the increase today isnt because it’s all sorted.
Todays increase is because theres more certainty today than yesterday. The real news comes when the new lenders agree to the refinance after they’ve bought the bank out by 31st of this month. That is when the re-rate happens and we hit 2-4p
Instead of selling a single share I purchased an additional 230k shares this morning. Now holding 3.5mil shares and sitting on a £25,000 profit. This though is just the beginning and cant understand anyone selling on part refinance news......
If they held when the risk was 100% and then sold when it was 2% why all for .2 of a penny lol? illogical reasonable thing to do now is top up and await the major news in next few weeks and make serious ££££
Very happy with this, much better to have the debt owned by the shareholders than the banks and will mean a genuine restructuring of the debt can take place now.
As they’ve stated the negotiations are well advanced with the new lenders so i would anticipate confirmation of refinance a week or two after the sale.
Secures our future
You are hilarious, child calm down honestly dont hurt yourself thinking too hard. If you read my post i said i buy and sell the share now.... so surely that’d make me a ramper and deramper in one sentence lol?
You continue living in cuckoo land child.
Tombi you’re either deluded or trying to wish the share price up by calling everyone n anyone a deramper.
Stating people lost money here is a reality, one you’re probably part of too. Wishing wont get the money back.
You really are a numpty tombi... quick check of my posting history would show you know F all.
Go do your homework n then come back to me and we’ll talk.
You do have to remember that october saw problems with a power generator and Sag mill realligning. Ultimately, there may be a small improvement but doubtful to be that high.
Costs will still be high due to the experts and fleet rental costs. these however should finish in quarter one.
The company will though be aware of what normal operating costs will be without these extra costs n therefore our profit margin on operations when discussing refinance terms.
The buyer doesn’t know anything we dont its just stake building in expectation