Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Laidback
Are you just a little bit sore that you missed an 8p buy in a few weeks ago?
Just checking . . . good luck with your re-entry . . .
nhawan
The SP is currently 17p ish
The lowest TLW dropped to is 8p ish
That’s an increase of approx 200% on the back of a drop from £2 ish to 8p, which some may argue was slightly over done.
TLW SP will recover.
Happy birthday! Hope that you have a good day and you and yours are safe and well. Enjoy the sunshine :-)
So rd12
Not content with being generally not nice you’re not turning to abuse?
I do not live in a “delusional bubble”
Accusing those who are holding long of being both mentally unwell (tasteless as well as offensive) and greedy.
Greedy? A lot of people who are holding long have seen 90%+ of their investment wiped out over that past what 60 months?
So holding long in the hope of SP recovery is greedy?
To hope to recover their losses is being greedy?
Your advising that people crystallise their paper losses so you can make more shorting the stock?
You need to take a long look at yourself.
No rd12, not complete tosh at all
There are a lot of people out there with a vested interest in the financial failure of TLW , and therefore livelihoods of lots of people.
Similarly with other companies.
There is a difference between being realistic - yes there will be reduced global demand for oil and hence prices drop and accordingly valuations will too
But when realism moves to predictions of complete failure and doom saying which is prevalent in this board along with obvious delight being taken in the share price dropping and people losing money that is unhealthy.
Shorting a stock is amoral behaviour
Taking delight in watching a share price fall and people losing money is amoral behaviour
Crowing about it is amoral behaviour
Shorting should be banned and most regulators know that but won’t take action because they are in the influence extremely powerful people with connections to hedge funds that make too much money through shorting
Laidback
The only things that will get uglier over the next few weeks are the blackened souls of shorters and doomsayers and those hoping for financial ruin of companies (and hence people’s livelihoods) for their short term Financial benefit.
I scan through the content of this BB and the majority of posts from many negative posters all happily putting up their portents of impending doom.
How about people doing something more useful with their time?
Have they ever heard the saying “If you have nothing nice to say, then say nothing”?
Hmmm . . . ?
If this goes to 14-15p I’ll buy more. I won’t be happy but I will buy more.
It’s interesting but the only hedge fund that’s increasing its position is Varde.
All the rest are reducing their short positions. But Varde is taking up the slack. Got to wonder - why? Are they (Varde) going to be the patsy left holding the ticking time bomb as TLW recovers?
Time will tell for sure, but those that are banking of TLW going bust will get badly burnt.
Hedging
As outlined at Tullow's Full Year Results, the impact of reduced oil prices is mitigated by the Group's robust hedging strategy. Tullow has 60% of its 2020 sales revenue hedged with a floor of c.$57/bbl and 40% of 2021 sales revenue hedged with a floor of c.$53/bbl. Tullow's realised oil price in January and February 2020 was c.$62/bbl and following the recent price drop, hedging receipts of c.$30 million are forecast for March 2020.
Tullow has voluntarily reduced facility commitments from $2.4 billion to c.$2.2 billion, effectively accelerating the first scheduled commitment amortisation from October 2020. The reduction in debt capacity and commitments will result in a reduction of finance costs. The next scheduled amortisation of $211 million (commitment reduction, not repayment) will therefore be in April 2021.
Being run here by short holders . . .
Honestly, some of the low down, barrel-bottom-scraping, snake oil salesman, con artist, shiester trickery being pulled on this BB is shocking
You should be ashamed of yourselves.
Simple facts
1. 2020 & 2021 production is hedged immunising TLW from the worst of the current low oil price, so it doesn’t really matter if it does take a short term bath
2. RBL is agreed and overall debt position improving
3. 2020 cost reduction plan is in place
4. Asset sale process is underway
5. Search for new CEO is underway
6. Production is on target
The main thing to worry about here is the action of the hedge funds shorting this stock.
Once COVID19 is resolved and the world picks itself up, dusts itself down then the price of oil will recover.
Oh, and all those who disagreed with my hypothesis that Russia would come back to the table and agree terms under OPEC+ well I was right and you were wrong.
Buy and hold.
In 9 months time you’ll thank yourself for it.
Cheers
Red
@nhawan
Markets are closed on Monday
Even the most basic of facts seem to escape you
TLW is set for a strong recovery
1. POO stabilisation under pinned by OPEC+ agreement
2. Post Covid19 global economic recovery
3. Asset sales by TLW
4. New TLW CEO announcement
If you honestly think that TLW share price is going to fall that’s your opinion and you’re entitled to it
But you’re wrong, so very, very wrong
It’s painful watching you endlessly spout $hite about TLW sp set to fall
@laidback
Really? I think the market know better than you do.
I predict deal done today.
P.o.O. Returns to $40-45 in next few weeks
TLW SP will be 50p by end of next week
@laidback
Looking at the movement in of price of oil today, I think that with respect laidback you’re talking through your hat.
But hey, you obviously know so much more than those who are trading oil every day as their profession.
Hmmm . . .
So with 6.13% of 1.409bn shares still out on loan to shorting hedge funds
. . . and any position under 0.5% of stock not being reported. . . .
It looks like the short position holders holders a mountain to climb if they don’t want to bring down their firms.
I’m not sorry
Not one bit
Let them burn I say
I’ve got petrol and matches
It’s fun to watch
Oh Alamo, have I got a stalker?
I’m terribly flattered.
Fortunately other investments have done a lot better, including TLW
But yes you are an idiot
Now pipe down pet
Alamo
You are an idiot
I’m not going to argue with you because of the above point
However
SA lift costs are negligible
Russia has no foreign reserves left
SA started this and they will finish it
Russia will come to the table like a good puppy and sit, beg and perform tricks and then POO will stabilise around $40-45/bbl
See if that isn’t how it plays out
You nitwit
More like a busted flush
They can’t live with oil prices this low
SA is proving that
The only reason Russia is coming to the table is because SA is shafting them
They have close to fook all dollar reserves left
At this rate Russia will be broke in a month
Alamo or rather Coco the clown - please pipe down son, you’re embarrassing yourself
Oh, and I think that you’ve soiled your underwear too
Go clean yourself up
Julia Rio is = hilarious according to Apple . . .
Rarely instils a sense of confidence in the user
I’m more readily led to believe that there is a rising sense of desperation in their user
Alamo must be absolutely $hitting himself
Fookin Julia Rio is
What a clown
MMs flushing out the weak
Standard operating procedure
Nothing to see here
Normal service will be resumed shortly
Happy Monday
May all short traders burn