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Tethys Share Discussion Threads
Showing 52176 to 52194 of 52200 messages
Just to remind you about what we expect from the New Team and the New Investors who
started the turn round at Tethys in Nov 2016.
1. Favourably resolve the detrimental issues the Company has been facing in KAZ
2. Obtain a bank loan from a reputable bank in KAZ for the Company's subsidiary
Tethys Aral Gas LLP to enable it to repay and restructure current loans and to
3. Market the Company's gas sales for export
4. Improve the pricing of Tethys' oil and gas products; and
5. Engage with the Company's current corporate lenders with a view to restructuring
existing loan terms in order to improve cash flow.
From what we know, Item 1. has been resolved with the TAG operations back to normal
Items 2-5 are being negotiated at present and the BOD will release credible news
if and when these items/issues are resolved.
TI, Surely, you will understand that the BOD and its 300 employees may not be in a position to resolve anything unless they are able to obtain agreement on key terms and issues on items 2-5 with Third Parties such as banks and current corporate lenders.|
|It's been nearly a month and a half since the Cayman's loan maturation date. I guess no news is good news, but would renegotiating it really take that long as I assume they didn't start negotiating the day of the maturation....
I suppose if I was the Cayman's lender I might want to see concrete proof that the business is a going concern before agreeing to a deal on e.g. postponing maturation date to 2018 onwards.
Maybe that's the piece of the puzzle it all hinges on? And once sorted the Cayman's loan and all other pieces will fall in place?|
|I also sent them the paper article casual of which they were good enough to reply by return straightaway.
I was told that discussions on a number of fronts were ongoing and that they were not going to release any news until they have something substantial & binding to say.|
|Anyone been in touch with TPL?
I last sent an email to them 10 days ago, asking if Pete had an idea of when there would be an update, I also shared the link to the Olisol interview in the time.kz newspaper. I didn't get a reply but they did contact time.kz to give their own version of the events shortly after.|
Yes he was a bit of a character but now hopefully with this management team Tethy's will finally make something of itself.|
In fact a bit more personal than described, because I met with and partied with Dr David Robson back in 2012 in the Channel Islands and fell for the big Tethys chat.
He was full of it and both I and many, many gullible and unknowing friends of mine fell for the entire game, hook line and dosh.
Any return would make me feel and sleep a little easier!!
Well that makes two of us, good luck with getting your 150k shares, although I wouldn't take any advice or direction from a BB. It's anyone's guess as to how this will pan out.|
No, not a clue, but I can afford to send a few thousand on a mission to try and get back a much bigger loss.
In bridge play, we call it sending a boy on a mans errand!!
Never was good at cards!!|
You have been around a long time fella, I am sure you know exactly what you're doing|
|In light of recent posts I am going to increase my TPL holding from 50,00 to 200,000 shares to leave me at an average cost of circa 14p per share. If wiped out then so be it, but at best hope of maybe some agreement at 6p to 10p (asset value is still rated at dollars.56 per share)I will recoup some of my (already lost and written off) losses for a very small input!!
The knife has fallen but it might just rebound a little!!|
|They also need to remember this important note!!
22 Feb '17 - 18:21 - 13619 of 13645
TIME IS MONEY|
It seems evident that the uncertainty surrounding the next challenges/opportunities for the new team will be determined by the known/unknown factors and events that lie ahead and consequently, we as virtual " sleeping partners " in this enterprise are totally dependent on both the team's ability to overcome the difficulties and hopefully try to capitalise on available opportunities through a maximum use of its resources incl the existing oil and gas reserves, its new trading relationships, and being " street wise " in a KAZ business environment.
The current burden of short term loans and the need for finance to drill existing wells and market the produce efficiently, needs to be solved through a credible business plan and corporate guarantees, which provides a level of credibility and confidence to existing/potential lenders.
I am sure that the new team is working towards a resolution with the Kumars', as noted in their joint agreement. I hope that current negotiations will result in
successful contractual arrangements between Tethys and the parties involved.
If this happens, I have no doubt that the future for Tethys could result in tangible returns for us.
-My perception is that the relative risk/return ratio to my investment in Tethys reached its highest level ( possibility of bankruptcy !) when Olisol breached the IA and committed illegal acts against TPL.
-When the agreement between Tethys and the Kumars' was announced the risk level fell by about 20% to 80%.
-The approval of the resolutions reduced the risk further by 10% to 70%.
-The news that Medgat Kumar had arranged sales of Tethys products via Altyn/Kyran
reduced the risk by 10% to 60%
-The announcement that Tethys commenced legal action against Olisol in Alberta
provided added confidence and reduced the risk by 10% to 50%
-When the contractual agreements with the lenders and the new trading relationships
are announced, the risk could be reduced by 25% to 25%.
A 25/75 % Risk/Return ratio should signal a hike in the TPL share price.
I sincerely hope that happens !.|
|Re. last question: I am comfortable enough with the risk/reward of holding versus actual loss to be incurred of selling my shares before news to keep holding for now. I am not sure they can pull it off in a way that allows PIs to reap the dreamed multibag but if worst case is that the best we can hope for is 3-5p then that is much better than selling now.|
|Thanks Casual for your prompt and clear response.|
|Yes, yes, no, yes and finally "don't know"|
Your comments have prompted me to ask the following while we wait for some positive news:
- Do you not think that the new team at TPL were determined to neutralise Olisol at any cost after their unscrupulous conduct over the breach and the thuggery in KAZ ?.
- Were the Kumars' the only investors willing to take on TPL at the time when TPL
had virtually no business and zero customers ?.
- If TPL had been able to offer us 50m shares at that time at 1.593 cents per share
would you have taken up a proportion of the offer, assuming of course that Olisol
would be excluded from any take-up of new shares ?.
- Do you not think that PAM took up an equivalent proportion of shares to the
Kumars in order (a) maintain equal parity with them and (b) to keep out Olisol ?.
- Based on what you know has taken place since Nov last year, do you consider that
the new team at TPL can negotiate agreements with key third parties incl banks
and new partners which enables TPL to survive and grow its business ?.
I look forward to your response !.|
|So here is the big question... I still hold 50,000 of these from 50p back some years.
Do I buy another 50,000 for about £1000 now and bring my average down to 25p area to break even?
Will anything good ever happen here? If it does, my possible new holding of 100,000 may yet be valuable.....?
|I have nearly 2 million shares so I would very much like to share both of your targets but they do seem awfully unrealistic.
I'm keeping everything crossed to see it go past 3p and then I'll decide what to do with my holdings.|
Have to agree with yourself and Casual on that matter, there does seem to be a reluctance to communicate. I hope there is a good reason for that!!
Perhaps the Chinese are going to take us out for £5.00ish a share. (cos that's what we want)
Seriously though what value is placed on 11billion boe of unrisked resource (apologies if slightly exaggerated)|