Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
The problem is who's going to sack them? They set their own pay, extend their own undeserved low cost options after they expire. They basically mark their own homework and give themselves a 1st Class Honours Degree when the only question they got 'right' on their test paper was their name.
They are 'worried' that their huge salaries for achieving NOTHING will come to an end soon when they fail to get a deal agreed, tell us they're going to have to develop MT on their own (SINO deal doesn't exist any longer obviously), and then when they are no longer in a closed period Dmitry will probably offload most if not all of his current 400 + million shares knowing he has the 'no lose' options as a back up just in case an offer comes out of the blue (and not via the FSP or the 'experts' who've been doing such a wonderful job over the past 4 years).
Good 'work' if you can get it.
Peckhamrye1
Absolutely not mate. We are in a closed period due to the fact the BoD keep telling us they can't tell us anything due to NDAs, discussions with interested parties (not buyers) etc etc. It's also the reason they were unable to exercise their options as that would constitute 'insider dealing' so they 'protected' their nigh on freebies by extending something (TWICE) that was supposed to have an expiration date but actually didn't.
Unlike the Rosgeo options that we wasted $35 million on that had an expiration date that actually did.
Priorities and all that.
Strongly 'suggest' people look at the continual drop in the market capitalisation coupled with the abject failure of the BoD to deliver ANYTHING positive in nigh on 25 years other than 'talk' of a sale and complete silence at the first hint of a 'challenge'.
But no, those pointing out FACTS are the ones to watch out for. This consistent level of delusion is indicative of a cult, not a share chat.
When the facts change etc etc
Scuba101
The $35 million (plus warrants that now are VERY unlikely to ever be exercised), were raised specifically and solely to progress the Rosgeo JV options that we as a company had already paid fees for to acquire the options. The cash was 'actually' used to pay for all the BoD's and staff salaries, numerous fees to lawyers, fees to UBS as our in-house investment bank 'working' on the offer we received that would allow us to be paid a significant dividend but actually wouldn't.
Fees to Wardell Armstrong to do ALL the new exploratory work on miles and miles of dirt, attempting to identify potential mine sites and conduct geological due diligence on the Rosgeo areas that we allowed to EXPIRE due to the fact we are unable to enter into a deal with the government of RUSSIA being a UK listed company.
So basically it was used for wages, G&A, fees and what we ended up with is the 'right' to obtain 75% of Nyud now that the licence has transfered into a subsidiary of Rosgeo who we STILL can't enter into a deal with so that's why EUA STILL haven't activated the option to acquire the licence.
As a comparison and convenient read across seeing as though the figures are identical. PREM found a piece of bushland in the baked Zimbabwean soil, used $35 million they received from a Chinese company who wanted Spodumene (Lithium) for their batteries, built an entire mine/processing plant from scratch in about 9 months, constructed a dam to capture fresh water for use in the production cycle and are building an irrigation system that will allow locals to grow crops in the vicinity of the mine.
We paid other people to not do stuff and decided NOT to sell the produce from our only active asset. Masterstroke.
All the best
Close to a 30% drop on the day. NOTHING from the BoD. No RNS stating 'they know of no NEW information that would result in the drop in the shareprice', no media or defending of the company by laying out what we have of value and the 'interest' we have 'apparently' received in our asset base. No, just the usual pom pom waving deluded idiots 'topping up' rude not to' 'this is good news because we are down 30% so the buys are outstripping the sells' (beyond nonsense).
Either there's bad news on the way....shortly.....Or yet another trading pack has decided to attack our share AGAIN like they did a few months back when they ran it up to 8p ish and sold out before it dropped right back down and then some.
Hello BoD, anybody home?
Yes, a suspension would not surprise me in the slightest. Whatever has happened (or hasn't as the case may be, ie a sale), we as the inconveniences known as shareholders will be the last to know.
Hopefully this disgraceful attitude shown by this egregious BoD will force the NOMAD's hand to put pressure on them to release the information what they 'obviously' know that we don't.
Allowing 'preferred' shareholders to sell out before bad news is dropped anyone?
I would expect us to go into yoyo mode soon, spikes and drops and traders taking slices out of us on the way up and the way back down.
Good luck, we'll need it.
Pushing a 20% drop on the daily price and the BoD continue with their preferred tumbleweed approach to 'adding shareholder value'.
I would expect what I posted last week to soon materialise (more bad news of some sort, probably the 'we aren't selling ANYTHING because we haven't received any suitable offers' RNS).
Oh well, when you've fallen 95% the way down the cliff the bumps and bruises are already there so the last 5% won't hurt too much.
Never mind, the 'value' is apparently in the ground and we're 'still' worth 10s of billions of dollars according to some. Set aside the fact that it would probably be preferable to have our assets on Mars than in Russia currently, I'm sure the companies circling the Eurasia nest won't have long to wait before they are able to pick up our licences up for a paltry sum.
I sense a 'farm out' deal with NN or another major on the horizon.
Time will tell
Google got bored waiting for the sale and it hurt the intern's fingers dropping the price all the time so they just stopped listing EUA.
In other news, £80 million market capitalisation, getting closer to being worth what the BoD take in wages, plus costs and fees to all the 'experts' and lawyers.
Wouldn't be a bad idea to SELL some of that precious shiny stuff locked in bags of black sand in a big yellow self-storage locker in Ekaterinberg would it?
Feet up and all that
There is no 'stable' price for EUA because there's no 'trust' in EUA (why would there be)?
It was very predictable that we would drop into a lower range and that will continue to be the case in the absence of news around a SALE and only a sale. If/when we get an answer from Rosnedra and they 'agree' with the DFS as submitted, there will be a spike in the price which is where two things will happen.
1. New posters will appear with 'lols', 'going to the moon', 'sale news leaked' etc etc, while waiting for the 20-50% spike, which is when they will dump their shares they bought at market opening before the 'herd' and momentum traders arrive.
2. The posters who have been consistently WRONG about EVERYTHING for the past couple of years will profess that this time they are correct, and at some point, like the broken clock, they will be out of nothing but chance and time probability.
There can't be any additional 'hurdles' to a binding deal being signed when the DFS that wasn't required 2 years ago but is now arrives can there? I mean, that's the 'key' to the sale now apparently.
Nice sunny day, work/walk time for me, prepare to see the 'number 2' more often now. Pretty much sums up the BoD of Eurasia Mining, number 2.
All the best
Morning
We aren't likely to see any major increase/decrease in the price until we have the numbers. How much SPOD are we producing, how much have we shipped out to China, what revenue and more importantly PROFIT are we making, and what are GR's cash flow and production projections for the next quarter/half/year.
Once we have the initial production data and we know what prices we are currently achieving, the price of our shares can be adjusted accordingly. Yes, we could be 'played' with a bit by any number of short contracts, traders etc, but when we have the numbers we can all see what our price to earnings will be, and then if we all see value, we buy more. If we don't, we sell.
I for one am happy to pick up more in drips and drabs because in my view, the company is now undervalued based on the FACT we have a brand new operational processing plant with an offtake deal agreed plus other 'suitors' talking with GR about further deals and/or making an offer for ZULU.
We've spent years putting on our racing spikes and stretching our hamstrings, we're literally over the starting line now and the race has only just begun. It wasn't a false start and the race officials haven't called us back to the starting line, so I'm looking forward to clocking up the miles and picking up the pounds shillings and pence along the way.
All the best
Morning
As we are a micro cap company, we will always have to give a way the majority of our assets to get a deal agreed. Giving away 80% (if it was our core project area) would be a very bad deal, but it's a peripheral project on the other side of the world so getting anything for it is a bonus right now.
The 50k (aussie dollars) is a pittance, and won't cover wages alone for very long, but IF a positive gold strike happens (western Australia holds a shed load of gold & copper), having 20% exposure is better than zero. GGP 'only' has 30% of the Haveiron gold mine, but they went from a fraction of a penny right up to the high 30s during the drilling and exploration phase (and back down again), so with a LOT of luck, a similar gold asset will be discovered on our patch.
I'm happy with this simply because it's something that now requires little or no attention from Naheed, therefore all efforts can now be concentrated on arranging a BINDING financial deal to get the PAK assets in the construction phase. GH seems to be the focus but a farm out or farm in on the THAR coal block would also be welcome. Coal is needed, it's there in the ground and power stations and energy companies could very well fund construction in exchange for an offtake deal.
Today's news won't move the needle but I'm happy we've finally agreed a deal for something.
All the best
the summary is as follows:
nonsense chart voodoo with nothing but hindsight 'predictions' after the share price moves, telling everyone why something happened after the event and never before. golden showers, macdaddy lines, fib lines, reverse squirrels and the ubiquitous 'gaps being filled' ****** perpetuate this psuedo-religion that only rings partially true due to the fact so many complete muppets follow the exact same methodology, therefore creating self generated 'patterns' that don't actually exist in reality.
apart from that, charting is perfect, that's why they are all billionaires.......oh wait.
meanwhile, back at the ranch, prem is looking good for a 'breakout' because the 'chart' is loaded (otherwise known as there's likely to be a value adding rns due to the fact a processing plant has just been built, and at some point this month we will be informed that our first shipment has left africa on a slow boat to china and some money will be sent back in due course).
oh look, venus is passing through cassiopea so that means there's 'support' at any number between 1 and infinity.
have a goodun, looking forward to more info from mark and co.
1. I would sell the gold assets in Australia immediately for a considerable discount to sweeten the deal and get some cash into the coffers and agree a % royalty based on future success. The acquiring company gets all the licences for a small upfront fee and then only gives up a % if they find commercial gold which is a win win.
2. PAK imports coal and constantly tells us they need to increase energy supply and reduce costs. We have Thar Block 6 with mountains of coal close to existing and proposed infrastructure and railways to get said coal to market. Agree an offtake deal with a coal purchaser/power company, get a pilot plant built which can be extended as production increases and start MINING coal to be used in PAK's power plants.
3. STOP diluting shareholders and use this supoosed close relationship with a multi-billionaire Shiekh who owns football clubs, racing stables and basically a country, and get a loan/advance from him to progress the initial stages of foundation work for a GH plant that 'apparently' everyone is keen to see built.
4. Don't pay yourself £150k per year and use shareholder funds to fly here, there and everywhere without a binding deal coming back through customs in your baggage. Video calls and phones are not new, make use of them.
5. Agree and work towards a definitive timescale to get projects funded and initiated. If you can't do this, resign and appoint someone who can. How can you talk of economic imperatives for getting more power into the grid of PAK and NOT get a binding deal agreed in a period of neccessity? LOIs, MOIs etc are completely meaningless without committment. Get a deal agreed, get a project started, STOP diluting shareholders to pay wages and actually add value.
Have a good Bank Holiday, see where we open on Tuesday with or without a dilution RNS.
Salary is £150k PER YEAR. She has NOT being using her own money to buy shares. The market capitalisation of ORCP and the continual decline in the share price tells you all you need to know about sentiment here. Tack that fact onto the pitifully low volume of daily trades and that should give you an indication of how the market makers and wider investor community rate this stock.
It's a complete and utter gamble as to whether a deal will be agreed to get just one of these projects off the ground. If it happens, we'll spike and traders will arrive, that's when I'm out as the price will 'obviously' spike and then collapse soon after when details emerge of what will be given up to get a spade in the ground.
We 'should' all make money IF we sell a portion of our holdings. Let's see what happens.
All the best
Probably been posted on here already but I don't read this board too often so I might've missed it. Newcrest are smiling on the Newmont offer according to an article I read:
https://www.mining.com/web/newcrest-board-backs-19-5-billion-newmont-takeover/
All the best
She is paid using shareholder funds raised via dilution after dilution for the sole purpose of paying her own and the other staff's wages. She has ZERO skin in the game as the entire holding she has is from money she has paid herself while bringing ZERO money into the company.
I would happily use a portion of my £100k plus salary to buy shares in my own company because it's impossible to lose, it wasn't 'my' money in the first place.
Until she brings a project to ACTUAL fruition in a legally binding deal that results in a massive rerate of the shareprice, she's doing nothing more than spending money talking to people and getting irrelevant letters with the words 'potential' written all over them.
The volume on this share on a daily basis is pitiful, there's no interest whatsoever apart from those small time retail investors (us) and the staff who use wages they receive from dilutions to buy up shares with money obtained through placings.
At some point we 'might' get a binding deal, but when we do, we'll be giving up a hell of a lot because funnily enough, we are valued at the same price as a 3 bed flat in Kensington therefore we have no leverage other than the land we have licences for.
The longer we go without confirmed deals, the more dilutions we'll see and the lower we'll go. She needs to bring something tangible to the table soon because if she doesn't, what is she actually doing other than spending money to NOT get deals agreed.
Develop or sell Thar coal, sell the gold prospects immediately as we have no business being in Australia when we can't even get deals agreed in PAK where Naheed is supposed to have close contacts. Get a financial package agreed and get some solar panels out of the box and pointing at the sun, it really isn't rocket science.
Have a goodun
'We are not in the 2's'
05-May-23 15:25:29 2.926 544,606 Buy* 2.50 3.25 15.94k O
In other news, these aren't the droids you are looking for, and Bill Clinton absolutely, positively did NOT have sexual relations with that woman.
Jedi Mind tricks clearly work on the weak minded.
I would also expect some bad news to be released at some point soon based on the fact every RNS is written worse and less clear than the one before with a somber tone to any discussions around the 'sale' (sp) of assets.
It might be time for them to fess up with their RNS telling us all they are excited to bring MT to production etc etc as the price collapses due to mass selling and trading hyenas targeting the weary holders who have 'apparently' been 'topping up, rude not to, bargain prices' continually (they haven't and will no doubt be first to sell and scarper).
Let's see what the next RNS does to the share price, I'm going for red not blue.
All the best
Unfortunately, very predictable and expected (by those with eyes and a grasp of reality). The 3p on the Bid reconnaissance was successful, the 2's will now be visited more frequently with spikes back into the 3's to facilitate some short term trading and to let the pom-pom wavers give it the 'this is it', 'leaky leaky', 'hold onto your golden tickets', 'where are the derampers now' and the ubiquitous 'lols' that accompany such posts from those who have yet to transition through puberty.
Meanwhile, back at the EUA ranch, Christian is pleased to announce he's successfully completed the Connect 4 set and has now moved on to the words with friends so he can keep in touch with his other BoD pals who are also 'working' from home.
All the best
All of these large value trades could be a mass closure of short contracts (or a new institution joining the party). I would like to think word has got out about a certain M&A deal currently being worked on and the outcome appears to be favourable for GGP's 30% share of HAV but that might be pushing it a bit (it's the hope that kills you).
Regardless, the price has suddenly jumped so it's someone buying and not selling, which is usually a positive sign when big trades like these start being printed one after the other.
Onwards and upwards