Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
In other news.....
What's the value if 40% can be extracted??
Agree, July production figures not likely to show any large increases but at the same time I think its important that the declining figures from March is stopped and we begin to see an upward curve in production
Production HAS increased
Last known production figures published = June 43952 including CUDA WI % would be 1245bopd
AM stated Net now 1360bopd showing a 115bopd INCREASE
1052bbls Hedged
308bopd Unhedged
WTI Hovering around the "SWEET SPOT" of $90
Ongoing Well Fixes
"Clowns make you smile you make me cry sucker I would like in future that you filter meIt saves all the aggravation"
NO CHANCE- WILL CALL YOU OUT FOR WHAT YOU ARE AT EVERY OPPORTUNITY
"I think you’re a joker"
Rich coming from the biggest CLOWN on here
There's nothing really to explain, they are not interconnected, having the convertible loans as apposed to a secured loan allows an RBL to be put in place as nothing is secured against our reserves
Watch the proactive interview, AM explains it all
March 2020 PANR were sat at 11p per share with 170 million shares in issue! Fast forward 3 years and they are now sat with a ÂŁ900million MC 800 million shares in issue and an SP around 125p! They are a non producer at present and use raise upon raise as well as convertible bonds to survive! The last accounts reported shows a loss, ÂŁ25million CASH BURN (6 months) and includes a material uncertainty paragraph regarding going concern due to the ongoing requirement to complete a farmout or fundraising in order to fund operational and working capital requirements. Sound Familiar?
"I'm a holder been here way longer than you"
Funny how you only decided to start posting on this BB from March, especially since you claim to have been a holder a long time
Nothing to do with only using 78% of the primary loan amount $19.7M to purchase CUDA?? We all knew they were only paying 78% in return. Its not rocket science
"Duster where is this increase in production published, you need to stop making things up, what we know from published production is that we are 550 BOPD down comparing June to Jan figures"
Black & White RNA yesterday:
Current production is approximately 1,600 Bbls/d (gross), 1,375 Bbls/d (net).
Wonder how a lot of these “non invested” posters would feel if we all decided to go onto their invested “strong buy” BBs and started dissing the share on a daily basis! I honestly just don’t get it
SuperRoty: Why have you come to that decision? Say I wanted $50-$60 million dollars and the asset was more than enough to cover then where is the risk to the borrower?
In no way did I expect any SP north movements off the Q2 results, on the flip side, there was nothing alarming in there that all holders didn't already know or have previously discussed. My only fear (as discussed) last week was the cash burn and cash on account so forgive me for being positive but I was pleasantly surprised by the amount of cash on account, which gives me optimism for our future.
COPLHODLER- Another poster not invested here
On SEDAR
"And no, i wont be buying lol"
Why feel the need to come on here telling us how bad it is then? Some weird people about
"How is it a good RNS, the cash burn is insane, that 12m will be gone before you can say "bad mgmt"
You've said this twice today now, your 1st 2 posts on this BB, you even invested? Or you looking for a lower entry? JOG ON
"Nothing smart about going in at 12pCould go even lower but that’s the chance you take"
"I think the bottom has further to go I think it would be less than 8p in a few weeks"
GREGORIO IS A NUMPTY
We must be due a TR1 imminent the amount of times you've topped up over the last couple of months