Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Yes it can grow from within an ISA, but a bed and isa you are moving funds from outside an isa into an ISA, for which the limit is £20k.
Just a roll over by the looks of it.
How do you get 30k in gggg?!!!!!! Limit os £20k!
I think the appointment of Alison and Damian give more indication about future structure.....
Regarding Brazil.... new chairman confirmed very much still on and new man on the grand isa big step and that shareholders would be very happy with the proposed deal
Does this sound like 0.7p is where you should be selling??
The Company continues to actively seek new assets in conjunction with MFDevCo.
Recent enquiries provide directors and management with confidence regarding the viability of the business model and provide confidence that the Company can add further projects to its portfolio.
"The Company has made progress on several projects this year and we are excited about the opportunities that lie ahead. Activity has increased in MFDevCo and we look forward to updating the market as it acquires projects and concludes investigations into alternative marginal field commercialisation methods.
into a leader in the development and production of marginal or stranded oil and gas fields with a portfolio of offshore and onshore assets.
Our priority remains to secure projects and access production as quickly as possible.
We continue to negotiate a number of specific opportunities at different stages of the 'commercialisation cycle'; we have submitted proposals which are being considered and we are hopeful that we will be able to update shareholders with positive developments in due course.
Our marginal field proposals span a range from larger scale opportunities to more standard repeatable and smaller projects, resources are being applied proportionally as required.
We are building a team to speed delivery and as always, our objective remains the identification and acquisition of projects in the 'marginal, stranded' domain with the most appropriate revenue stream and efficient use of capital to maximise returns.
MFDevCo has made tangible progress in a number of ways this year
Firstly, negotiations have continued on a number of larger scale and undervalued opportunities with effort directed to complete the key tasks required to meet MFDevCo's objectives and those of the counterparty.
The technical evaluation including operating plans has been satisfactorily concluded, with the assistance of consortium members, and are being integrated with financing requirements.
Significant project finance will be required to unlock these opportunities but there are innovative means, analagous to shipping finance,
The second strand of activity during the past year has focused on the smaller projects which can be acquired and developed more quickly to deliver significant growth
the U.K.'s Oil and Gas Authority ('OGA') and others refer to as 'small pools', while great fanfare surrounded the industry's initiative to unlock these fields,
We believe that this work will create 'standard, repeatable' projects I referred to earlier which, logically, should be quicker to deliver.
We have identified an alternative way to commercialise a subset of late-life marginal fields and significant progress has been made to create a larger population of viable targets which will have a strong impact upon potential growth. Once we are comfortable with its viability shareholders will be informed.
Absolute bollocks, there was absolutley no mention of a raise required to do a deal....
You don't crash a share price before a raise...
Talking negative crap and then saying they need a deal and a fair bet at 0.7 is not balanced, it sounds like an excuse to me.
they are not going to place at sub 0.6.... not a chance.... do you think the new guy has come in to f people off as his first job...? they know they have news.... they could have placed in November when the shareprice was floating around 1p.
How can the risk be too high??? What do you see the downside from here short term??? I would say it's either bottomed out or absolute minimum worst case scenraio is 0.6, and if it drops i reckon buyers will be quick to take it up.... upside, if a signed deal drops minimum 3-5p... sounds like a pretty fair risk reward opportunity to me.... take into account they raised at 1.15, was supposed to be 1.25 before the new chairman, before the GTW initiative was announced, before the Brazil employee was announced... i would say its much more in the bargain category than the high risk category.
Lot's of investors out there looking for multibag opportunity..... being handed on a palte here in my opinion....
Yes the time scales have been extended and theyv'e failed in the past..... but the couldn't have given much a clearer indication within the rules that times are changing.....
Brazil - still ver much in play, new guy on the ground, proposed deal attractive to shareholders.
GTW - Finalising further strategic collaborations with a view to a deal.... this is a lot more exciting than many think, because of the ability to replicate and enter into multiple projects quickly.
https://www.technavio.com/blog/top-10-gas-turbine-manufacturers
*in
Time to throw the towel on Gary....
Haha gggg only bought back in today and is saying “Us holders” ....... lol I guess it’s been a few hours now.....!!!!
Gary, jumping to conclusions without reading all the facts.... that’s unlike you....!!!
I may be wrong about the salary, but it’s more likely part of a settlement and unlikely cash has changed hands, much more likely than him wanting to take 15% profit after all this time, seeing has he has commented on his increased shareholding.
In terms of insider dealings, again it’s unlikely to give any indication on his knowledge of news or to be falling short of MAR... the options are already vested, and if the nature of the transaction is something along the lines of my assumption on settlement, I am sure that the co sec, legal advisor and nomad would all agree that there is no contradiction to any MAR provisions. It might be different if his intention was to sell immediatley, but seeing he has vested options in the money, exercise and non sale is market neutral. He may still need permission for further dealings despite no longer being a director.
Sorry that none of this suits your desire to find negativity wherever you can
He also attended the AGM as a shareholder and spent time talking to other shareholders... if he was chomping at the bit to get out he probably wouldn't have bothered.
Good to see Nigel commenting that he is happy to increase his shareholding..... tnot increasing which says he is holding onto them not selling
gggg can't believe your luck getting these at t his price now.
Cobra.... wait for the first deal and buy at multiples of the share price appears to be the advice.... i think id rather be in before...
Every company has to start somewhere.... that's why they are calling it "Proof of Concept" and they expect a pipeline of projects to follow once we get the first one we could see a flurry of activity. If you want to invest in a major or proven company go invest in shell, bp and ride the oil price..... investors that have bought NUOG are after innovation and high growth.
Someone has to bring it all together....and make it commercial.. are you really that thick!!!
If I sell gas turbines I need someone to sell it to... if I have vessels I need someone to lease them to.... I’m not going to go out and buy a gas asset so I can use my own turbines!!!
Any asset owner or project manager of an asset has to contract the services of others to develop an asset, nobody can do it all in house.... even the shells and bod of this word contract out various services.... and it wouldn’t be cost effective or a shared risk model otherwise
I think you will find whoever has the gas turbines will be proven, I think we can probably prove the Marnavi vessels work and we can probably prove there is offshore wind infrastructure in the North Sea. And elsewhere I am sure people like Brian Chang and the large companies of Aker, Aibel et all are better judges of their technology than you are.
In Gary's article he claims that suddenly they have become Gas experts..... Not like we've always been an oil and gas company, and mentioned a gas to wire back in April 2016....
https://www.offshore-mag.com/articles/print/volume-76/issue-4/subsea/normally-unattended-platforms-offer-opex-capex-reductions.html
This article also gives a good understanding of how they work with consortium members.
"The various consortium members involved then commit to provide resources and to work at their own cost where necessary in order to implement the proven technology concepts, with formal collaboration part of the process of advancing a project"
I really think Gary has zero understanding of what MFDevCo are actually doing..... he talks about using their technology.... you are well out of date, they moved on from their technology a long time ago..... They are using technology of very large companies like COSL, Aker, Aibel...... MFDevCo are working on solutions, bringing others technology together.