Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
A tiny thing, but nice to see Kefi somewhere in the top 10 miners for last week, haha
https://twitter.com/MetalsMiningT/status/1761735726876500309?t=M7K9SfdAv61scDFUIUzGOQ&s=19
Could a development in nuclear fusion actually drive rapid demand for Tungsten?
"The latest success means another significant obstacle has been passed, with the AI capable of recognising plasma instabilities 300 milliseconds before they happen – enough time to make modifications to keep the plasma under control.
The new understanding could lead to grid-scale adoption of nuclear fusion energy, according to the researchers."
https://www.independent.co.uk/tech/nuclear-fusion-ai-clean-energy-b2500756.html
Yay - we settled higher than last night, just about, but I'll take it.
Given it was a Friday - traditionally a risk-off day - and there was a fair amount of selling, absorbed.
In fact, looking at the selling and how easily it was absorbed it tells me the MMs were accumulating stock...in anticipation of what I wonder???
SO for me this was a pretty bullish settle. All we need is a little headline on fundamental news and let's see....closer and closer...
I don't think we'll see any serious US buying prior to a US gov grant approval. That'll signpost to investors that the gov has recognised the strategic importance of PM. And we don't appear to be moving forward to add value on the other assets in the portfolio at the moment - as money floods in from warrants and permits are granted then I can see more interest as OF puts boots on the ground with the drilling rigs - all looks good, but we do need movement forward, which I'm sure is coming.
Nice continuing bullish momentum so far this morning - I was kinda thinking we might see some risk taken off the table ahead of the weekend (may yet still of course) but perhaps we're edging so close now to the possible announcement of the 2nd bank signup that the market just doesn't want to be out.
Good to see the share price settle over 0.7p, I think that level represented a Psychological resistance. If we can continue to edge upwards and settle higher again tomorrow hopefully it'll turn into a hood support level.
Of course news of second bank will propel us better than anything else. Getting close now.
Best price I can get for 100,000 (can't get a quote for anything over that) dummy is 14.94p, so not seeing any volume come into this rise. If you're buying for 3 yrs no worries, otherwise I'd caution chasing the offer.
@Tiggrr good top-ups, I was thinking about it but decided to hold off.
What's putting me off a little is the amount of excited coverage Snnday Roast & Archer (not to mention the obvious ramping by that TMS crowd) are giving this, feels like they're almost pumping their stake - in contrast to OFs balanced thesis and reviews.
At the end of the day nothing concrete done since the Garfield drill results, apart from OF rereading historical results and making educated conjectures.
Everyone is getting overly excited about a US gov grant -but as I point out BRES was awarded $5m, in tranches, rec'd $2m todate and honestly it's done nothing for the share price.
I worry that when facts fall on a 'hyped' share price reaction might be swift.
Potential here is great, I think, but we need far more activity with the truth machine (drilling) and I won't get carried away chasing this until then - in fact if it looks like it's getting carried away I may even take some off the table.
Let me correct that: OF in a private conversation with one of the Sunday Roast guys which was subsequently reported on their podcast said that although he had been approached by parties looking to buy-in told them they'd have to buy on the open market as there were no current plans for a raise (as far as I can remember that was within the last month). He's indicated in this podcast with Archer that he's more or less open to US investors buying privately.
Between that potential and the almost certainty that the in-the-money warrants will be exercised looks like some dilution coming our way, which is likely to be a reasonable % as we've only 85m shares,
Now, I don't think that's anything bad, especially with the amount potential drilling across the tenements we could apply those funds to, but it would dampen my eagerness to execute any top-ups whilst this SP is being bid up and nothing concrete...not to say I won't wake up next week and just say damnit and buy...haha
Sounds like OF has changed his mind from a previous recent interview about allowing high networths buy a strategic stake, particularly US ones.
Half expecting to see something soon on a private raise soon.
Thanks Guys - the only counter-argument for the 'meh' side I would put forward is the world is not short of Lithium deposits and brine extraction usually requires huge upfront capital investment.
Still nice to have another resource on the property - if it turns out to be.
SP motoring this afternoon - I'm putting this down to sentiment rather than anything else, but I'll take sentiment any day of the week to drive share price (just haven't seen it in a while in this market)
@computer - I think you've hit the nail on the head. It's opportunity cost. With the DFS scheduled to take all year, albeit with snippets of news along the way, punters probably reckon there's time enough to get back in before the major move and in the interim there are other short term opportunities elsewhere.
The sector isn't attracting a lot of new investors, yet, so it's the same money moving from company to company at the moment.
Disagree - although there has been selling this morning, so far, it has been well-absorbed and the bid has moved up. There seems to be a upward bias, though not aggressive. Get the feeling market wants to buy, waiting TK financing confirmation probably, coupled with the fact we're floating around 0.7p which has proven key resistance previously. If we get through this level and settle over it tonight then... who knows? haha