Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
It’s going sub a penny today unfortunately…..Pete has no new MSC to bail him out this time…..Pesky traders I can hear from bumbly towers….B
Oh gawd…. If TW is on the case, Wsg are fooked….. B
JL… your bored because you actually looked at my history…. Not sure why it bothers you….
Regarding the “restaurant analogy”… it’s wrong… it should be….if I had bought a stake in a restaurant and found the food and service horrible and told the management team to change the menu as everyone has upset tummies, and they did nothing but continue to peddle the same old 5h1 T, I think I had a duty to warn potential new customers… a kind of public service if you will… it’s better than a few who come on here and tell us everything is wonderful and it’s good value food….. lol… enough for today… is retiree’s have to mow the lawns….. see you next week for the next instalment….B
Who are the “big boys”….. lol……JL suggested tons of value here at 1.35p…. It’s now 1.1p…. More value then?…. So where are all the big boys… I tell you where they are… they are waiting to pay 0.5p at the next placement.. when we go to a billion shares….B
JL76….
They had a ferry business with a £500m tag line…. And how much of that did we see… zilch… plus we bought a ferry for £1M that never made a single journey apart from to the repair shop for a new prop shaft… we sold it for buttons in hire purchase…
DRC is a pipe dream
KSA has no recurring revenue.. they sold some hundred for a tenner
IRAN will never happen
Everyone else sees it but you… why do you think we are a penny?……B
wonder what it will take for Pete to know its time to go.......
B
1.05p….. oh oh…. 1p looming…. B
JL76… you are a bit of a d1ck….. I know lots of peeps who “have bought at a tenth”.. but guess what ….shares usually go down by 90% for a reason…. and not many then go on to recover…. And since when did you become the BB police……Let’s hope for another rip roaring day….. B
Lol Bilge…. So how do you know DRC is not dead…. So Pete saying “it’s encouraging progress” does it for you does it….Last year his retort to sceptical shareholders was that “ it’s a formality”…. So with 18 months of formality, why does he still need to talk about “making progress”…..The sharp brains amongst us will also have spotted that his KSA will contribute to 2022 and beyond from his last update has now lost the 2022 contribution….Liberia is “waiting” for ground to be allocated… was that not specified in the contract of June 2021… also Liberia has now lost timescales…. So ain’t turning up anytime soon…. We once again wait for an MSC to pump life in to our dead parrot… going by the SP today, I think this parrot died a bit more today…. There is no quick fix here… Pete resignation would lift the sp more than a new contract I suspect… believers keep believing…. I watch mr parrot on fire, sailing off in to the sunset….B
Kread…. He cloaks placings RNS in “a transformational contract” that requires expenses… as he hasn’t had one of those yet, he cannot get his placing away… he wants the spike to get more “expenses”…. but at a penny, he will struggle to find placees who haven’t been burnt before….so he will wait for that next biggy and he has already threatened there may be a new contract before end of year… so that’s his chance, until then, he and his family live on fumes…..B
Groundhog day I am afraid Misty... we will be told late Nov that the opportunities slipped in to 2023.....just like those 2020 and 2021 ones did.... unfortunately they don't actually exist.. but as long as Pete can show "an enquiry" form, then its a fish.... the fact he never catches them doesnt matter...... B
Looks like my sp guess has proven accurate… 7% down on an encouraging H1 report…..good job it wasn’t poor… lol….wonder how his cornerstone investors are feeling after having their trousers pulled down at 5.7p….. and the 4p brigade when we reset in 2020
thanks NH, nice to hear from you....... yep, need to move on... but I would love to see Pete in front of "the beak" to explain his business acumin...B
John... he habitually places every year.... Financially.....what comes in goes out.. and that is after you include all the placings he does each year.... begging bowl hasnt been out for a year.... money still not coming in...never made a profit.... he lives off the word "ENCOURAGING"............. B
And we will finish red today…..1.2p-1.3p my guess….Nothing but a news msc without strings is going to move this dog…..everyone expected a gold nugget in todays news, but all we got was Peter s usual “encouraging “ to every single opportunity that has been delayed……
B
And…. “IF” DRC does start in Q4, will he require the capital costs again… that £2.5m he asked for cannot be asked for agai… can it?…….Pete does have thick skin, so probably…. Yes!…..B
Thing is Gibbo, Wsg have £3m less cash than this time last year… overheads are the same… revenue about the same….prospects about the same… so ifs it’s not a placement, then that loan is going to be nibbled very soon. B
Wonder if this will happen…. Says it every year… but will there be strings attached… like a ratification perhaps…..
“We continue to have an active business development programme and continue to develop a number of large-scale project opportunities in both our Services and Technology Divisions. Whilst there is never certainty of timing or outcome, we expect to secure one or more such projects in the current year.”
B
just lies.........
Proposed Placing of the Placing Shares at the Issue Price, raising approximately £2.5 million (before expenses). The Placing will be carried out using the Company's existing shareholder authorities.
The Placing will serve to put the Company in a stronger position for the next stage of its development by providing additional working capital to support the growth and delivery of the recently secured contracts, which require upfront capital investment from the Company, together with ensuring the Company is better able to deliver on its strong pipeline of near-term potential major projects, which it hopes to be successful in winning.
B
So... what happened to the £2.5M placed to start up DRC?.... if DRC hasnt started, then shouldnt that placement money still be sitting in the "DRC account"..... with only £400K left, that money has obviously been spent on xmas parties and the storage costs for the Vending machines and mango masks, plus the museum that houses the Ferry Prop Shaft.... but quite clearly not on DRC as it hasnt started......naughty Fowlers......B