Tethys Share Discussion Threads

[casual47] 01/4/2017 11:32

Around 250 million shares are in the hands of retail private investors. Some of those on TSX some on LSE, let's say 125m in LSE. We can assume not all LSE will move to TSX. If there is an orderly exit throughout the month the market should easily absorb it. If even just 10% (12.5m shares) leave​ it to the last day then we may see a bit of a crunch like we saw the first day.

[redstone64] 01/4/2017 11:08

Hguess, yes that is their business and the question of whether it fits within the boundaries is not really with us, that's not to say it is fair on the regular investor...Anyway we all are no doubt becoming aware (and appreciate you raising the topic) and to adjust our own thinking regarding our own holdings in light of the delisting. Having received a letter from one of my current providers (Share centre) they state, 'If the shares are withdrawn from Crest we will no longer be able to deal the stock. with this in mind we would ask that you consider your options carefully.' That is a similar position I've been reading for other brokers so that decision will be a key one when it is announced.In the case of external market arbitrage (as opposed to house broker internal trades) it is welcome as something that should add some volume to the market as well as ensure that no real gap forms between LSE and TSX traded shares but at the same time it makes it even more of a bumpy ride at a time of uncertainty within the company.

[hguess16] 01/4/2017 11:02

The focus on the share price will shift to TSX !.
Let's wait for a few of the 10 oil wells to start gushing and the mini compressor to get into action after May and that should shift the share price !.

[temporarily insane] 01/4/2017 10:36

It doesnt make that much difference now.

[hguess16] 01/4/2017 10:13

Redstone,TI,
Brokers would say " that's why we are in this business" as we do not make much on commissions. Arbitragers would relish the opportunity if they have millions to play with as every point difference * a million provides a daily profit and this could go on until end April.

[temporarily insane] 01/4/2017 09:29

And look at the charts, and still minimal upward chart movement. 1 trade, up 20%, 4 million trades and up 20%.

[temporarily insane] 01/4/2017 09:23

The brokers have been manipulating the market using the difference between TSX and LSE for years.

Probably written into the small print somewhere when the high flying Robson borrowed the money off of TDSecurities.

[redstone64] 01/4/2017 09:18

Indeed, over the past week a discount has opened up between LSE and TSX with yesterday normal trading (excluding the 1m buy) and no real price movement in the range 1.3 to 1.50 on LSE and the 1.5 to 1.8 on TSX. That's a 38% spread for the brokers!It will be interesting to see if the lag on LSE continues until delisting as the MMs no doubt are expecting that some will decide to sell on prior to delisting. For those with small holdings it would not be a surprise.

[hguess16] 01/4/2017 07:14

The Brokers seem to be capitalising on the delisting uncertainty !.
But it has created TPL pricing arbitrage between the LSE and TSX and provides an opportunity for traders to buy on LSE and sell on TSX !.

[temporarily insane] 01/4/2017 01:03

TDSecurities being corrupt cuxxs..Standard...

[temporarily insane] 31/3/2017 17:18

I wonder why they were all put through in different amounts totalling 1 million? It must have been four separate investors randomly somewhere in the world feeling for a positive outcome in an oil company.

[casual47] 31/3/2017 16:10

Using mid price fx the TSX range is 1.5-1.8p

[redstone64] 31/3/2017 16:07

Another 1m just bought on TSX so a few taking their positions...

[hguess16] 31/3/2017 15:31

thanks TI.
1m at 1.7p at 8.06am followed by 917k at 1.30p at 9.05am !. what a difference of perception !.

[casual47] 31/3/2017 15:27

Ben - yikes.

I think for our collective sanity it might be best for TPL to have to deal with only one corrupt regime at a time....

[benandemmiboo] 31/3/2017 15:07

Last August's update re: Tajikistan partnership, and tax issues, etc:

[temporarily insane] 31/3/2017 14:54

TSX...........

[casual47] 31/3/2017 14:53

Also the 25% government claw back was just an official somewhere who was grandstanding, as reported in an online article somewhere. As far as we know the 25% claw back is not actually happening.

[wrighty46] 31/3/2017 14:39

My guess would be, while there is not much buying, the mark down is in the hope of being able to accommodate a buyer.

[casual47] 31/3/2017 14:24

TPL already owes more than $10 million for Taj. The first phase alone cost 80 Millon USD. How much will the second phase cost? It hasn't even properly started and at last count the whole project already spent an additional 20 million USD more of which TPL needs to pay a third.

TPL just can't afford it, imo.

I'd rather they were able to sell down their stake and then pump the money into Klymene etc.