Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Yeah you're right and how lucky markets have collapsed so that they can hide behind the current world position. Fact is that because nobodys interested in KMR, hardly anybodys sold out - Well Done Mikey! Genius at work....
' Patronising cupid stunt. Is that how you make friends? If you want to take issue with the BOD or members thereof, specifically the MD, try turning up to an AGM and putting your views in the open in person where there is a forum that allows a response.' This sounds to me like a company stooge in action. I may well turn up, ask them what they are doing about the sp and why they haven't dipped into their very deep pockets and bought some shares to foster some support! Presumably you'll be vetting everyone on the door. �2.63 is a disgrace no matter what way you look at it.
This is not the broader market and never has been. Heavy mineral industry doesn't work with main stream UK or European economies as seen in 2011 or 2012 when world was rebalancing after the collapse in 2008. Where KMR sp is now, is a DISGRACE in comparison to most other titania mineral miners. When long standing shareholders should start seeing some light at the end of a bloody long tunnel, all we get is news on additional expenditure and capex requirements. Their sales team is underperforming on sales price and their directors are underperforming in selling the company. The Mid East investors must be aghast at the sp performance whilst Mikey boy et al award themselves even bigger pay awards. I may not post regularly but I'm not asleep and know that this company is failing on a number of levels.
Buck, your posts are getting so personal,defensive & insulting to the 'usual detractors' that anyone might think you were related or a personal friend of MC, or even worse a companystooge on here. The figures speak for themselves. £2.62 is a disgrace no matter what way you look at it.
Standing still would be acceptable for KMR in a rising market with supply tightness. We are not. We are going backwards. 12months ago with a much bleaker picture we were 9% ahead of our current sp. Look at the trading volume of today with an announcement about a site visit and a reasonable presentation. They couldn't stir interest for a cut price heater in Greenland.
All so simple, yet even if those figures are correct, everyone knows that both primary and secondary grades have been increasing in value - significantly - in the past year, so why tf would KMR's sp be falling given the industry back drop of rising price and supply tightness. All the fancy figures in the world don't account for incompetence..
It gets tiresome the amount of bo..ox spouted on here as to how great the future is for KMR. Look at the facts: in the past 12 months - ILU has increased by 43.27% and KMR has decreased by 8.71%. Essentially to the MM's and PI's they are in the same business. The same info is out there about both businesses. TiO2 minerals are going up and with some there is significant tightness KMR has the single biggest ilmenite mine worldwide and supply about 7-8% of the worlds zircon. The sharing trading volume of KMR is abysmal and it is not only to do with a lack available. So wtf are the board of ILU doing right that the greedy board of KMR are incapable or unable to do.......?
Chinese ilmenite prices soften By CAMERON PERKS Published: Thursday, 18 January 2018 Print | Email | Comment | Share Tweet inShare Ilmenite prices have dropped in China while demand slows in the lead up to Lunar New Year. Chinese imported ilmenite pries have softened in the lead up to the Lunar New Year while the market enters a traditionally slow time for titanium dioxide feedstock demand. Industrial Minerals assessed the ilmenite concentrate, 47-49% TiO2, cif China price at $175-185 per tonne on January 18, down from $190-200 per tonne previously. The country-wide celebrations are followed by plant maintenance in February, which means that Chinese feedstock demand will not return in full force until March once production restarts, market participants told Industrial Minerals. With world economies in relatively good shape, one trader said he expects current conditions to be a "price adjustment and pause". The market is now relatively stable following declines, one producer commented.
Dunno about that but 60k share buy yesterday evening caught my attention.. More notably apart from the lack of interest in the KMR share movement, I am getting well f...ed off with the FTSE 100. Look at the gains in the Dow Jones and DAX over the past 15 years or so and then take a look at the FTSE 100. If I scroll back to the start of 2000, FTSE 100 up by 11%, Dow Jones up by 186%, DAX up by 93%. F... the City. Shift it all to Frankfurt and we might have a better chance of getting a decent return on our money. London seems to be a bluffers paradise with bonuses for s..t performance all over the place. Somebody please educate me on this.
Yes, did see that late this afternoon! Hopefully I'm wrong on the disinterest front! However we've all been pretty patient here whilst most of KMR's peers have moved forward substantially. Our turn needs to come soon!
Actions speak louder than all the words posted on this site. Nobodys buying, worse, nobodys interested. Struggled to find any mention on Irish media websites. Big backers must be a tad f...ed off! Meanwhile Mikey et al are busy calculating how far their snouts can descend into the trough. Buck, Contago you gotta be disappointed too.
Buck, Its more than noise - its disappointing. Debt reduction less than expected. Next years production less than expected. Grades poorer next year. Only upside is turnover and lagging price rises due to probably incompetence. Being patient is one thing but the board persistently overpaying themselves and always behind the line is another. I myself have defended them for years but 'jam tomorrow' is wearing out.
Nosi,, there is one bit of cheer which is notable - rising prices. And they will impact on the figures. Agreed that the production figures are going to be down on 2017 but the turnover will be significantly up..... However as you say, profits may be affected after the lads extract their bonuses....
Good post that Jager15. Was trying to get something other than the usual bickering from posters who seem to dislike each other. I suppose the other thing to consider is that the China consumption isn't quite as buoyant as in previous times. Thanks. Next week will be revealing, the board can feel vindicated regardless of the sp and if the sp does move significantly, well Mikey boy et al will be popping the corks in The Shelbourne.
RoP, a new angle, whether plausible or not, its yet to be seen. But at least its something new to consider. If you had suggested next 10 years instead of 100 years, it may have been more convincing. Somehow I doubt Mikey boy is concerned about the next 100 years performance...