Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Absolutely right, the company will have spent 10s of millions to get to this stage and will recover that several times over if there are bids coming in, As regards the drop by 50%, that was due to an II who was selling as it would have crossed their threshold, and with others due to price dropping, it was nothing to do with anything negative about the share, and now that the seller is out, the price is free to go up to where it should be and sp will also further in anticipation of all the things you have listed, we should see some large rises in the coming days, IMO.
Totally agree with you that IIs have their own risk thresholds and will set when that threshold is passed, no matter what, that is their policy and that is what they do. That caused the sp to drop, and anybody shorting as a result, no other negative reason. Bearing this in mind , now that the seller has gone and possibly another II on board or not doesn't matter , all that has been absorbed into the sp and we are now heading back to where the sp was before all that happened, ie. around 120, also sentiment plays a large part here and sentiment is definitely on the positive side. Company are due to update further in the coming days, add to that strong sentiment, ONLY 31m shares in issue, not many in freefloat, a lot will be in sticky hands now, it is all set up for a BIG few days here, imo.
even some of those showing red, if you look at other trades around time, are actually buys.
to the massive re-rate here, absolutely crazy low MCap and sp, 4.7m MCap for a company with two discoveries, an excellent , better than expected flow rates and we are hovering around all time lows, the rise when it comes will catch everyone out here and it will be sharp.
buys, Jonathon Knowles invested £450,000 at £7.25 a share, he will no doubt be working all out to get this sp much higher than where it s now. looks like massive demand this morning, could be a very interesting afternoon here, the herd has not even arrived yet.
most people will have averages which are multiple of current sp, who will no doubt want to bring down their averages and there will be those who will have been waiting on the sidelines waiting for the bottom and seller to clear, we are now back to an uptrend and there should be good gains to be had from here.
in issue, sustained buying will see the MMs being short of shares,and they will have no choice but to raise the sp, the bottom has been hit and the seller is out, we could see a big rebound now from these levels.imo