Tethys Share Discussion Threads

[casual47] 19/1/2017 16:19

TI, sure, it happens sometimes that a share gets pumped up resulting in crazy valuations. But it doesn't last for very long.

20p, assuming there will be 900million shares in issue, means a company worth 221 million.

Given the many 10s of millions of additional investment this company needs just to do some drills and increase supply...I think it's not going to happen.

If this reaches 5pence soon and there is no news re. fundamentals to back it up (e.g. massive discovery, lucrative export contract)..........SELL

[temporarily insane] 19/1/2017 16:15

I too am backing the new team. We just need to see some of them get a bit of dirt underneath their manicured finger nails.

Isnt a share price based upon what people will pay for it. 20 pence is just the beginning.


Im expecting way higher than that.

[hguess16] 19/1/2017 16:13

Although " PI's share of the pie gets three times smaller ...",I view this as a price
worth paying for now. The fact that Pope has taken direct control as chairman of Tethys through Wells, as founder of Pope, ( who manage over $400m of funds), must surely provide a level of confidence that was lacking following the demise of the previous lot.
Ken May as CEO, has made some good progress in steadying the ship !.
With the Kumars' on board, and their trading and distribution knowledge and experience, I am backing the new team !.

[casual47] 19/1/2017 16:08

I'm hoping share price will at least reach 2.5 pence......

Based on a company value of $75 million, if Kumars/Pope fully dilute and there is no further dilution then the absolute upper value the share price could go to is 4 pence.....

Bottom range valuation of $50 million would be 1.8 pence.......

Quite a dramatic difference compared to the 20 pence most of us were dreaming of not so long ago....

But that's dilution for ya

[temporarily insane] 19/1/2017 16:02

Hey Casual47, when are you selling? lol

[casual47] 19/1/2017 15:50

Large ownership is good a sign, unless you're talking about a failing/distressed company....plenty of examples around on AIM/LSE where it doesn't stop a vicious cycle of dilution and ever falling share price See for example CRND.

The more shares in issue, the smaller the upside. The company has a limited valuation range. The SinoHan offer valued TPL at $150 million, that was during the good times when everybody thought the China boom would last for ever. A more conservative valuation of TPL is $50-$75 million now. They are $30 million in debt. That leaves $20-$45 million for shareholders. Do the maths.

It's not because you triple the shares in issue that the company becomes three times more valuable, all it means is that the PI's share of the pie gets three times smaller.....

[hguess16] 19/1/2017 14:33

Re Sinohan, We should ask why Robson, ( RIP), negotiated an agreement with the Chinese, prior to obtaining KAZ Govt approval ?. He broadcast the deal to the world as if it had been all sown up !. The " super salesman Dr" thought he was invincible !.
At least Skyland Petroleum will not be subject, anymore, to a similar fate !.

PI's too had an opportunity to stock up on more Tethys shares at between 1p-1.25p per share when it was in free fall !. So there is no point now in complaining that Pope
and the Kumars' stocked up, which they did, when no one else was willing to step in !.

Enough of the rancour and utter disappointment expressed so far !.

Let us look ahead and expect the new team ( led by Wells/May and backed by Kumars')
to deliver real results to the long suffering shareholders !.

[temporarily insane] 19/1/2017 13:51

NOW LETS GET THIS BLOODY SHOW ON THE ROAD.

[casual47] 19/1/2017 13:30

The question is: Why did they walk away? Was it only because the Kaz government blocked it -- i.e. neither TPL nor SinoHan had sufficient influence?

Even so, they could have extended the deal to give more time to "massage" the Kaz officials, and negotiate TPL down to a more reasonable price?

Or did TPL refuse to renegotiate the deal?

[casual47] 19/1/2017 13:26

Fact is, if SinoHan had gone through with the deal it would have severely overpaid (by about $50 million at least) at a time when the industry and the Chinese economy was going through turmoil.

[casual47] 19/1/2017 13:13

My view:

Whatever the circumstances that have lead to it, whatever their true intentions (good, bad, in-between), whatever bad outcomes they may have saved us from (e.g. administration):

Pope and Kumars have had their snouts deep into the trough at our expense, severely limiting any potential upside.

And that is before there is any plan on the table which will realistically bring money that will pay for the drills, so there may yet be more pigs who want to have a good snouting of the trough, as nobody gives money for nothing.

[casual47] 19/1/2017 13:06

Re. SinoHan: The floundering of the Chinese "powerhouse" economy, the collapse of the POO and the long-term downward pressure it is experiencing from the fracking industry may have had more to do with it. That and possibly also Kaz government corruption.

[benandemmiboo] 19/1/2017 13:06

Anyway, good luck to all. Hope we have some sunny days post-EGM, with or without the assistance of Wells. And hopefully at some point, we will get press releases like we had from 9/2014 and prior -- press releases about work that's being done.

[benandemmiboo] 19/1/2017 13:01

Definitely don't share the good will toward Wells. And he definitely shouldn't have tried to seize control of Tethys prior to the demise of the Sinohan deal. If anyone could have gotten that deal to go through, it would have been the guy (RObson) whose small company mystifyingly got the huge land package in Tajikistan, not the guy who voted for the small company to risk giving the huge land package away in order to protect Pope's status as main creditor.

[temporarily insane] 19/1/2017 12:17

Agreed Dorset64.

Once the Board is up an running and running successfully, exporting oil and gas to every corner of the world with the share price up in the 50s THEN, and only then should he be allowed to stand down, as long as somebody better can move into his place.

We dont want another fiascos like the previous board of idiots ruining this company again.

[dorset64] 19/1/2017 12:14

benandemmiboo, you say you want Bill Wells removed but I would actually say if it was not for him, you would not be posting on this thread any more as the Co. would had been bust along time ago under Robson.

He is not the total shining light by a long way, but you have to realise the mess he took over and, in all honesty, he didn't have to take it over he could had simply wrote his investment off and carried on with his life.

Do you honestly believe he ever wished to be on the board of directors as I can assure you he didn't, he did it to keep the company going as at the time there were no other takers.

[hguess16] 19/1/2017 12:02

After both resolutions are approved on 27/1, I expect the new team not only to drill the existing wells, but also to put in place a system to distribute and market the oil and gas products with the active support of the Kumars' !.

[temporarily insane] 19/1/2017 11:29

No more EGMs.........Lets get on with drilling for some bloody oil and gas, open up the taps to the existing pipelines and lets get all this previously tapped oil and gas flowing to outside markets at market prices.

[neilyb675] 19/1/2017 10:59

Oooh👀

[benandemmiboo] 19/1/2017 10:46

The 11/6/2016 press release which introduced the Kumars included the following:

The Company would not be permitted to enter into any form of debt funding that would result in share dilution for a period of 12 months unless approved by both Investors (such approval not to be unreasonably withheld) provided that this would no longer apply to an Investor if the respective Investor's shareholding is less than 9.9% of the total number of issued ordinary shares of Tethys.

It also said the Kumar expected to close by 11/11, but almost 3 more weeks passed before it happened. Am assuming the delay was a result of Wells' demand to give POPE a similar deal. The Kumars mulled it over, gradually came to accept Wells' request/demand, and still invested.

As the Kumars still expect to profit from their investment, even after the POPE dilution, some positive share price movement, maybe even liquidity, is likely forthcoming in the future-- but, for me at least, it doesn't negate the belief that Wells would have chased away the Kumars too if they didn't accept his conditions. At some point, for the benefit of Tethys shareholders, I would love to see another EGM which forces Wells' removal...

[hguess16] 18/1/2017 12:06

Thanks TI,
Good summary of signs of progress by the new team 1.