Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
With 147m in issue at OMI.. they have lots of room for placings and raises.
My gut tells me to steer clear of OMI. Easier to catch it on the rise than lose funds on somebody else’s whim. The market currently agrees with that thinking. GL over there...
Do you think GGP always had 3bn shares in issue... Do you think OMI will always have 140m in issue ?? Newmont paying $40m for 75% all in values OMI at $13m (25%).. given a 12 year potential time scale you can’t really call it more than that in early stage. Newmont are world leaders.. if they say 75% is worth $40m then I’d take there word for it.. OMI did.
I’d hardly call that a deal Thom. If GGP took that kind of deal we’d be back down to .3 already and Degs and crew would be here telling us how GH and all SH’s here got their asses handed to em on a golden platter by Newmont
I disagree in parts.. he comes across more like a Shepard trying to round up sheep so he can spike them and get out with bigger profits himself short term. Bottom line.. 12 yrs is a long time and the deal is crap for shareholders. There’s no two ways about it. Investing in Newmont would be the better deal there.. all things considered.
Then go back to the OMI board and celebrate lad. This is GGP right here
£12m market cap is a fair value for 20%... maybe even over priced at this point
Certainly not the kind of deal GGP wants on any day of the week.
One slight issue there Stephen.. come phase 1 they own 51% for $14m ?... doesn’t that give Newmont full control or there abouts at that point.. they’ll be the majority holder after all.
Not into wasting my time. Thx anyway.
And OMI will be left with 25%... would rather stick my funds in Newmont to be fair. They’ve got the winning deal deal there.
Make that triple. Just doesn’t add up does it.
How can they get away with only spending $40m for 75% when then neighbours are charging double for 20%... something fishy there Degs
$4m + the current $2m. Maths not your strong point buddy ? Newmont will own 75% for peanuts. Why would OMI let it go so cheap ?? Especially considering continentals deal....
And you say OMI will bag $6m for that.. run that by us all again how that’s a good deal for you as shareholders ROFL
GH would have not given away 20% of GGP for $1.5m lol.. do you honestly think that’s a good deal for you as a shareholder ?? For $40m.. most of which is costs of it all goes ahead.. Newmont will own 75% which leaves very little left over for you ‘little guys’
Actually from a quick scan it looks like Newmont can acquire a 51% for the same value as Newcrest paid for a 10% in SOLG. Looks like you guys got the raw end of the deal. GL
£2m investment by Newmont isn’t exactly mind boggling. With a further £4m up for grabs for 75% stake. Wasn’t the newcrest/Solg deal 50x greater that that for half the size of initial stake ??
I’m well aware Apple. Just an answer to your question :)
Your alter ego would appear to be kicking names and taking ass