Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Del
This is the main details of the WK DFS and Mining Plan. It's basically a summary and I wouldn't expect in-depth details to be released for the MT DFS if/when we actually get informed Rosnedra have 'approved' it:
https://www.lse.co.uk/rns/EUA/west-kytlim-update-hzry5cxllgrdqap.html
All the best
Some good short videos there showing the plant actually in production and getting Spod into the bags ready for trucking. GR stated a week to 10 days for the first exports to leave site and get to Johannesberg (in the live interview) so we should be exporting by next week. Once the first batch leaves we'll have more bagged up ready for trucking, and then as the optimisation efficiencies improve, so will the quality and amounts we can produce.
This 'should' be printing lots of money for us very soon. If I was a rich Chinese chap on the mooch for a lithium asset, would I wait for ZULU to start throwing off cash and increasing in value or would I make a premium offer to get in early?
Decisions decisions, must be difficult being a billionaaire.
All the best
Ah, the old response to media speculation RNS, with the faux 'the cat got out the bag so we'll come clean and half tell shareholders that they are soon to be diluted to the max'. Obviously not contrived in any way, and GGP had nothing to do with their 'confidential' news making its way into a media article did they?
Or........... 'the shareprice will now get hammered and played because we've decided to spew out a hugely discounted placing from a low starting price so our shareholders can move a couple of miles back from the start line'.
Once done and we get the listing, we'll 'probably' see more investment in GGP which will help the price. The only question is what % will need to be recovered before we get back to where we started.
Open message to Newmont, please buy GGP's 30% of HAV asap, cheers.
Have a goodun.
Snowking
Yes, a few happened over the past couple of weeks and we've had a lot of very high volume days over the past couple of months so there's definitely a lot of interest out there.
See what tomorrow brings, coffers are replenished so I would like to think dilutions can be consigned to history for this share now (outside of potential M&A deals).
Have a goodun.
I trade ANGS shares as I've stated numerous times. I wait for the inevitable drops after consistent disappointments then let the rampathon do its thing and sell at a profit so I'm not 'on another stock', I'm on a stock I've had for a long time and buy/sell often because it's easy to read the tea leaves here.
As for PREM, I'm more than happy there, it's an exceptional stock run by a management team who aren't perfect but actually deliver projects that 'add value', you know, that thing GL used to talk about when he was constantly destroying it. Nice to see his successor is following in his footsteps and adding 'trading' value.
Might see 1.8p in a month or two.
Well, there you go pom pom wavers. The splendid sidetrack that took 10's of millions to drill (absurd), and still hasn't got a permanent connection assembled is online and spitting out under 10mmscf/d when added to the other two wells. Quite pathetic for the money spent and the fact it was supposed to be producing in December 2022.
Just for a dose of reality and to put to bed the nonsense about Shell buyouts etc, you can all sell your shares today for 1.4p which is .1p LESS than SOU offered for 51% of an UNBUILT Saltfleetby that wasn't even producing.
One of the largest shareholders sells shares as soon as he is able (and will probably do so again very soon), the market makers have dropped the price by 5% today because they see no additional value based on that RNS with no forward guidance or cashflow projections. The trust that barely existed is now extinct, and shareholders can look forward to another mass of dilutions as soon as the Geothermal disaster in waiting rears its ugly head and hoovers up any and all 'profit' from SFB.
If you didn't/don't get out on the spikes, you'll LOSE money on this share as being a long term 'holder' = actual cash destruction.
Trading share only, if you still haven't cottoned on to this fact then I'm sure you can't wait to hear from the soothsayers with their Shell buyouts and 'inside info' that comes from inside a cornflake box.
ANGS is hazardous to your wealth.
People will be buying in and taking slices here due to the FACT we now have a working plant and this dilution should hopefully be the last we see. We are now a producer not just an explorer, and as soon as an RNS is released with facts and figures we can all get an idea of the likely profit for the rest of the year:
15-May-23 17:08:17 0.95 6,000,000 Unknown* 0.94 0.95 57.00k O
Appetite is still there to take chunks.
All the best
Yes, everything in EURASIA Mining is slow. However, in 'professional' mining, it just isn't slow at all. No amount of delusion will cover the FACT that our company have wasted 4 years trying to sell a piddling asset in global mining terms, with the lowest costs to extract and a supposed queue of willing 'buyers' who knocked on our door to say they wanted what we had.
And in that supposed 'everything is slow in mining' nonsense, here's one of the largest EVER takeovers covering numerous assets in different countries and continents, that has gone from 'interest' to completed due diligence and an agreed offer between both companies in less than 6 months. No hiding in the shadows, no obfuscation and moving of the goal posts, no flirting with other suitors, just two parties getting together to achieve a mutually beneficial outcome:
https://stockhead.com.au/resources/ground-breakers-the-biggest-takeover-in-aussie-mining-history-is-confirmed-as-newmont-signs-up-newcrest/
Maybe their 'experts' are more expert than ours.
Nobody knows whether a sale will go ahead with EUA, and nobody knows if we have any actual offers on the table that the Board of Incompetence feel comfortable putting in an RNS (I think not, if there are any offers I would imagine they are a lot lower than our highs of 43p based on the reality of where our assets are).
Never mind, Rosnedra will be giving their opinion/approval of the DFS that wasn't required at all but is now apparently essential to the 'sale' in 'the coming weeks', or is it months?
Have a goodun, don't forget to send a Happy Anniversary card to Artem for Thursday, I shudder to think of where would we be without his 'expertise', how lucky are we?
All the best
Morning
Disappointing that a placing was the route chosen to cover the funding gap, particularly when so many stated PREM couldn't place shares because they would need an EGM first (nonsense). I would've thought a loan or advance tied to near term production would be the best way to raise funds but as is the case on UK listed companies, the placing is always at the top of the list because a lot of people get 'paid' out of it.
It seems the block selling last week was in anticipation of this placing and no doubt, those selling at close to 1p will 'probably' be getting a few of the discounted placing shares. Anyway, it's done now and once the money is in the company account we can then see what happens to the share price when we get the initial production numbers.
Other strikes in different areas means there's a good chance we get more high grade raw material to develop, but for now, the export numbers are what I'm keen to hear about and then some forward guidance on the likely output from the plant over the rest of the year.
Onwards and upwards.
Chuck1971
Appreciated we sell spod and not carbonate but the rise is from May so far in Lithium as a whole so yes, my 35% wasn't exactly on the money as I was generalising. We also have other by-products that GR stated will always have a buyer so there's very little waste from our production process and we can sell so much more than just spod.
My post was basically to highlight that we have turned the taps on at a time when what comes out is worth much more than it was only a few months ago and is also in an upward cycle.
Let's see where the price goes from here, I would like to think there's more room for increases in what we sell than decreases in the near term.
All the best
Unfortunately, our market valuation is circa £78 million which is also harsh but very fair as we don't sell anything and more money leaves the company than comes in.
Anyway, to those who were 'comforted' by the recent RNS from the Board of Silence, I'm sure you'll be 'topping up' some more as the price continues to decline.
Have a goodun, time for work.
Yes, the chat is toxic on the whole, hence the lack of posts from a lot of people who used to post more frequently. However, everything you typed from 'The criticism of the Board of Directors is absolutely ridiculous' down is absurd.
People who got to the start line YEARS after EUA have managed to sell assets in RUSSIA and have since left with their proceeds (the massive Kinross, soon to be AMC, many other 'western' companies).
The 'poor' Director(s) who have to hang on to their massive salaries for achieving NOTHING but value destruction and operational incompetence for longer is a travesty? The same BoD who have incumbents joining the boards of other companies and setting up new ventures which isn't exactly retiring is it? They could always RESIGN if they wanted to retire couldn't they? It's not like they are serving a prison sentence and have to wait for parole.
An OFFER was on the table in MAY 2021, the same 'BUYER' completed due diligence in October 2021 when the BINDING deal should've been accepted and we all 'should've' received our 'significant dividend' and had the CHOICE whether to stay for the company destructive Rosgeo based EUAv2 or sell our shares and move on with our lives.
Most of us bought in for a SALE as that was what we were told was the plan way back in 2019. It's now approaching H2 2023, and the ONLY company that was up for sale BEFORE the conflict is STILL left without the sale of a single asset or licence. This is also the company that informed us via one of their 'gospel' RNS releases that 'sanctions do not impact the company or prevent us from executing on our M&A strategy', which aged as well as the JORC will be released.....shortly.
Two of the largest gold mining companies with assets all over the planet are now going through an offer period that has been going on for about 3 months (Newmont/Newcrest). Due diligence has been 'substantially completed' and they have extended it by a WEEK, yes one WEEK, before they will submit a binding offer or walk away. EUA is a minnow with a licence to mine MT and flanks, with years and years of state and private exploration data, and one single tiny PGM asset called West Kytlim that in mining terms is the size of a pube in a lake and they STILL can't sell it after 4 years of failure paying fees to countless 'experts' who are supposed to be able to complete these deals as it's what they do (or don't as the case may be).
If they 'can't' sell anything as you put it (they can, obviously, and they stated this when referencing AMC in an RNS) then that means one thing and one thing only. The 'offers' are firesale prices and they don't have the guts to come clean with them to shareholders.
It's gone on long enough, mine MT, start SELLING PGMS from WK, and tell all the 'experts' to do one and then 'if' the political situation changes we'll at least have a functioning mine to sell and not a piece of paper with a promise on it.
All the best
Morning
We have to wait to see the actual numbers and cash receipts for our first batch of exports before we can see any real movement here. Yes the price doesn't seem to correspond to the recent 'media' but that could very well be down to the fact that it was media and not official communication via RNS (which will be with us soon as we know we are now producing).
The fact the price for what we are selling appears to be in an upward cycle means we receive considerably more profit for doing ZERO additional work. 35% increase in what we sell in less than 2 weeks while costs to produce remain the same is what's called a Win Win situation. I've sold down a couple of other dogs with severe fleas to put another batch in here because this share is where I see the best chance for a short term gain.
I would 'expect' that once we have confirmation of exports, coupled with the effective optimisation of the production process over the next few months, we will see a rerate in the price as more investors join the party. We have turned the tap on at the exact time the value of what we sell is increasing, the profit projections will need to be adjusted accordingly.
There's a lot of metals in the ground around our plant, I'm sure GR will find a few more sweet spots and the fact he's actively searching for more Directors to join the board, I would like to think the company will be looking at new exploration projects. And let's not forget, M&A deals (Chinese) are still on the horizon as GR alluded to in the interview when referencing keeping an eye out for the Chinese driving past ZULU with binoculars.
Rinse and repeat, all the best.
Or........The cash raise we will need very very shortly due to wages and G&A reducing cash on a daily basis, will mean the shareprice will drop as we will need to dilute a considerable amount of shares for any meaningful sum due to the low valuation of our company.
Let's see what Naheed can achieve now her entire focus is on PAK. We need funds soon, hopefully she can arrange a package that doesn't involve diluting from a 0.14p base.
We'll find out one way or the other soon enough.
Oriens1
The FACTS in the RNS are that we now all of a sudden have sanctions that DO impact us, we have $35 million turned to dust because the Rosgeo options EXPIRED and now we are left with a non-exercisable 75% 'right' to acquire something owned by the Russian Government (we are a UK company therefore we CANNOT enter a binding deal with Rosgeo).
Oh, and the main fact is that we've dropped from over 3p to under 2p in less than 2 trading sessions and currently sit in the low 2's with no 'protection' from the BoD.
Keep reading those 'gospel' RNS releases, there's a 'significant dividend' coming from the 'buyer' soon........Oh wait.
How about selling our 68% share of the pitifully tiny amount of as yet unprocessed sand from last year's entire mining season first?
The only 'stripping' going on is from our shareprice, due to the complete and utter failure of those who are supposed to protect shareholders instead deciding to throw us to the wolves while they close the curtains and play connect 4.
There is ZERO value in WK because nobody wants to BUY it and when we mine it we PAY to store the produce instead of SELLING it.
Still no RNS from the BoD, that tells you all you need to know about what they think of us.
Oriens1
You're the kind of person who refuses to drive up the road you KNOW leads to your destination because your new 'satnav' tells you to go down a different road.
Your postings are completely deluded and the FACTS continue to prove you wrong. When has an RNS put out by these charlatans EVER been accurate? Apart from the expired options that don't expire because that would go against 'adding significant BoD value'.
Join the real world
Bid has dropped to 1.80p. Clearly there's bad news being withheld by those who can't manage to lie straight in bed (the BoD).
Where is the RNS telling us there's no reason for the drop as nothing new has happened (or hasn't as the case is) ?
They are atrocious, and hopefully now the pom pom wavers will remove their heads from the sand and acknowledge reality. Never mind, all those 'genuine' shareholders who topped up with thousands more 'golden tickets' yesterday can now get them 30% cheaper.
Rude not to and all that, the value's in the ground (the ground is a swamp).
Have a goodun, there's other stocks out there who do what they say they will so a lot of us can make back these losses in time.
All the best
Good time to be bagging up some initial production ready for trucking out. I watched the interview last night before the footy started, very informative and although GR didn't confirm exactly how much would be exported this month he seemed confident that we would be fulfilling the deal requirements by the end of this month.
A week to 10 days was mentioned (from the interview on Monday) so I would like to think that an RNS will be here towards the end of the month letting us know some facts and figures. A lot of positives around extending the plant in a modular way, which is great for any future amendments that may be required to increase production or process other materials.
All in all we are now officially a producer and not just an explorer, and with the prices for what we produce on the way up, a significant increase in revenue/profit won't be far behind. Once optimised, that plant will be printing money and it's good to see that so many local residents are benefiting from what PREM are currently doing. Keeping the community involved and happy is paramount.
Good job on the questioning Snowking.
All the best
Barry
POLY has been targeted by an establishment that wants them out of the UK and off the LSE, they succeeded. They have been under cyber attacks, had their sole customer for gold sanctioned making them unable to sell what they mine, they then found other buyers in Asia and sold their gold with no discount which was a tremendous achievement. SETS unilaterally removed POLY shares from trading leaving the share effectively suspended as nobody was able to buy/sell shares for many hours. POLY found an alternative and were trading again within a day. Unfortunately, today we now know the UK and 'west' wanted nothing to do with POLY, as a secondary listing which is offered to so many other companies was denied to POLY:
'Since the beginning of the Russia-Ukraine conflict in February 2022, the US, the UK and the EU (and other nations, such as Canada, Switzerland, Australia, Japan and, relevant to the Company, the Crown Dependency of Jersey) have each progressively imposed sanctions on certain Russian persons, entities and sectors.
Russia has adopted its own set of counter-sanctions measures. Such measures include the sanctioning of persons and entities within jurisdictions on the “Unfriendly Countries List” under Russian law. Specifically, on 7 March 2022 Jersey was included on such list. Consequently, the Company, being established in an Unfriendly Jurisdiction, is currently subject to Russian counter-sanctions measures.
These sanctions have had an impact on the operations of the Group as a whole. The designation of Jersey as an “Unfriendly Jurisdiction” therefore places a significant restriction on the ability of the Company to carry out customary corporate activity with its Russian operations and, moreover, places a significant risk on the continued existence of the Group in its current form.'
As you can all see, SANCTIONS do impact companies operating in Russia regardless of where your banks are, and regardless of whether you have Russian subsidiaries or not. Companies like Kinross, AMC, Mercedes, KFC etc sold or 'give up' their assets in Russia AFTER the conflict started and sanctions were in place from both sides. EUA has been through a long drawn out Formal Sale Process and had their assets up for sale way BEFORE this conflict and still can't manage to sell a single pencil let alone a mining licence.
Let's hope that a deal is agreed soon to sell something or we'll end up stuck in limbo for longer than we have been already while trading jackals target the share for an easy 20% profit up and down. It's not like the BoD will 'protect' us is it?
Open Goals all round