Tethys Share Discussion Threads

[temporarily insane] 25/3/2017 00:29

So when is there going to be any good news?

[benandemmiboo] 24/3/2017 23:16

If Tethys needs money, why hasn't the stock ever been pumped in the past two years? Almost every biotech company goes up a hundred percent before they announce a financing, and most gold miners always pump their stocks before financings too. During the time they were trying to secure funds, and not merely re-negotiate loans, why would they never try to get their stock moving?

[casual47] 24/3/2017 21:30

There has been much to get upset about since the time i started posting here. And i readily admit that I have flustered and blustered at times more than there was cause to, probably, but hguess has been 100% unwavering at every step. If only he had been a bit more British about it and given the odd tut here and there we would have got on brilliantly.

[benandemmiboo] 24/3/2017 20:52

Hguess, stock is more than 90 percent down since PAM got formally involved. And since you started to post here (right after the Olisol deal failed to go through in Sept 2016), the only postive thing Wells seem able to have done was accept a very dilutive offer from investors with ties that were credible enough to stem off bankruptcy.

And even with that genuine accomplishment, note that the Kumars stated they would only invest if there were no further dilution of the company; we had to then wait a month beyond the expected closing date of their investment as apparently Wells demanded the Kumars let POPE also invest at their offered price before he'd agree. Otherwise, I guess he would have let us go bankrupt after coming up with some way to protect the investment of PAM.

Whether you are a person with insider contacts or not, you never act like an investor playing with your own money. You don't seem to care that the Nostrum deal was sabotaged because Wells/PAM wanted get richer from the sale, not because Nostrum's offer wasn't fair to the company, and you don't seem to care that Tajikistan assets were essentially good as gone after PAM rejected the Nostrum offer.

And as for your ongoing attacks on Robson, is it because he built the company and all its assets, and struck what could have been a company-changing deal with Sinohan -- a deal that also may still have been executed, had Robson remained the head...

When Robson stepped down, he said people were making the wrong move, and how can one think he was not right? I realize some seem to think Tethys would have been bankrupt sooner. But Just look at Stan Bharti, Forbes Asset Mgmt, and all its companies that are also inundated with quarterly consultation fees. If Robson was anything like Bharti, and he seemed to be, then he definitely knew how to raise money, to protect company assets, and to sell companies for a respectable profit.

Post is so long I might be insane. I realize this now.

[1399peter] 24/3/2017 20:34

Quote........

"following a determination by the Company that the costs of maintaining a dual
listing on the London and Toronto stock exchanges is unnecessarily
expensive for a company of Tethys' size."


No Plans to increase the size/turnover/profits of the company then!!

Edit: Just to add I thought that was all very cynically orchestrated news today, not impressed. But hey the Canadian MM's got the shares they were after.

Also sad to hear that people are losing their jobs, I wonder if old people losing their life savings counts for anything with you guys

[itchycrack] 24/3/2017 20:28

1st rule of successful trading - NEVER EVER average down! :-)

[casual47] 24/3/2017 20:01

You certainly remained calm during the whole 4 year drop from 50p+ to now 1 pence. Kudos.

[hguess16] 24/3/2017 19:04

TI,
I have held this share on the basis of proved reserves since 2013 and have continued to average down whenever I could as I still think that as long as PAM are directly involved, my level of risk of TPL failing is reduced. Having read past the financial
data and estimating the average cost of PAM's holding, as I've said before, my view is that PAM has paid more per share than I have.
My holding is very significant through averaging and so I will be staying in ( come hell or high water !) as long as PAM is directly involved.
I was fortunate enough to buy a fair chunk this morning before 9am, noting that the
SP was below what the Kumars paid for the holding.
While there is a risk, this is relative to my decision to hang in there and hope for
better times !.
Casual,
My 45+ years of dealing in share markets globally does give me some understanding of relative risk and return.
I have won some and lost some in my long life in the market. So do not assume that you are an " expert ".
I do not profess to be an expert, but I take, hopefully, A calculated risk based on
available info that I can legitimately obtain.
I try never to panic unnecessarily !.
So calm down !!.

[neilyb675] 24/3/2017 17:29

Average now 4p, happy with that. ✔

[temporarily insane] 24/3/2017 16:07

If we had the choice now, none of us would have bought in the 50s and all the way down.

Hindsight is a great thing.

I wonder how many will be moaning that they sold or didnt buy more when/if the share price rises dramatically.

[casual47] 24/3/2017 16:03

TI, if you had made the choice at any point previously you could have bought back the same amount of shares and have money left over to spend on other things...That kinda puts things in perspective.

[temporarily insane] 24/3/2017 16:03

Meanwhile TD Securities (007) are the ones that sell and buy through themselves and creates the drop in share price as has been the case for over a year using a 'W' trade to control the price over on TSX.

[temporarily insane] 24/3/2017 15:59

I am not interested in trading on foreign exchanges, but I am now forced into that position due to this recent announcement so I will have to live with it. Nothing has so far changed with the companies future strategy as hguess has said.


I dont have much choice really thanks to what has happened, the same as I dont have a choice apart from to hold if I dont want to sell at a massive loss.


As log as it creates a future huge potential for share price gains they could have strippers running the show. ;-)

[casual47] 24/3/2017 15:42

D64, you can have mine for 1.40p a pop -- better be quick as I may not be so generous next week!

[casual47] 24/3/2017 15:40

Hguess, as you have been holding since the share price was above 50p who has the limited horizon? Do you post on any other shares here besides TPL? Hmmmmmmm

[dorset64] 24/3/2017 15:38

Well, I have to admit to of being too rash first thing this morning and for selling down to 500k shares.

I will look to buy early next week or buy some back if the share price drops any lower or perhaps casual, if you offer me yours for under a penny a pop, I'll take them from you.

As for trading on the tax, you can do that now easily on TD Waterhouse and most other brokers on the net.

[hguess16] 24/3/2017 15:34

Casual,
Typical from someone like you with a limited horizon !.
The £ has weakened vs the $. While there is added risk in the future, there is also
potential for a higher return.
I have traded in foreign markets, so have no problem in taking the added risk into account !.

[casual47] 24/3/2017 15:15

Because not everyone is interested in trading in foreign shares?

The majority of PIs only every play on UK stock exchanges.

Once you take into account currency fx, taxes, fees and charges it becomes even more speculative to play on foreign markets unless you really know what you are doing.

Investing in TPL on a foreign market is not a good example of "knowing what you are doing", more an example of either desperation or a thirst for highly speculative and risky trading.

[hguess16] 24/3/2017 15:12

TI,
I bought some more this morning purely on the basis that nothing has changed apart from the fact that Tethys Mgt have decided to focus on a TSX listing.
After all the Kumars and PAM are not selling !. So why sell ?.
Puzzles me why one has to sell out unless one is locked into some "tax efficient scheme".

[casual47] 24/3/2017 15:09

Why would TSX share price move?

Also, the TSX is about as illiquid as the London listing was. The daily sales of hundred odd dollars doesn't make it liquid.

[temporarily insane] 24/3/2017 15:05

And back to Tethys, nice one wrighty46.


Each to their own casual47. I wish you well either way.


Meanwhile, has anybody told the Canadians. Lol, 717000 trades and the share price stays the same. Maybe just goes to show how small an ordeal it really is overall. Hey who knows.

[casual47] 24/3/2017 14:38

TI: I am thinking of getting an international dealing account with my broker so i can sell my remaining shares on TSX and limit loss here. I have half in an ISA and half in a SIPP so it will be tricky. Not sure it will be worth the hassle and extra costs, might decide to just sell all on the London listing before it goes.

Need to look into it as i am not 100% on what happens with my UK shares and how i can sell them on TSX. Might not be worth the exercise after taking into account fx, fees ,tax and other charges.

[wrighty46] 24/3/2017 14:37

TI I'll put my hand up. Added today. A fool and his money lol. We shall see.

[wrighty46] 24/3/2017 14:35

So sorry for your loss my dear. Advice is not something you should take from here I'm afraid.