Tethys Share Discussion Threads

[benandemmiboo] 10/4/2017 23:24

Curious, did Tethys shoot up after Robson was forced to resign? Was there ever enthusiasm by the markets for this change in mgmt?

And why did the change in mgmt have to happen before the potentially company-changing Sinohan deal either culminate or collapse? It wasn't just the land that got that deal to take place; it was also Robson. (And you fool yourself if you think any CEO would have been able to acquire the properties in Kazakhstan, Tajikistan, Uzbekistan, etc...Robson did have some skills that are sorely missed.)
SO why remove him before it was certain the deal would not happen? And why should we have reason to believe it was all Kazakhstan govt's fault for the deal not taking place?

[hguess16] 10/4/2017 22:08

I consider that the investor "B" on this BB simply does not get it on how a business is run !.
Majority shareholders decide on whether a company is properly run for the ultimate
benefit of its shareholders !.
Robson and his team simply ignored the shareholders and benefited themselves at the
expense of its shareholders !
If you want to remove the existing team, why not put your money where your mouth is
instead of pontificating about removing Wells !. Stupid and ignorant comment !!.
Holding a relatively insignificant holding in Tethys and spouting on about removing Wells is a poor response and reflects little or no knowledge of how a public company functions !.

[temporarily insane] 10/4/2017 21:56

I think we are all just very frustrated with minimal positive share price movement.


I can assure you I am but I do have faith in Bill and Ken. They have done well so far which has had no effect on the share price.

[dorset64] 10/4/2017 21:22

Ben you are 100% wrong imo

[benandemmiboo] 10/4/2017 21:02

On a serious note, when if ever will shareholders be allowed to vote to keep or remove Wells (and others) from their positions? Wells is the only chairman I have ever known who took control over a company right after he sold some shares in it.
I admittedly think he's purely self-motivated, and no more ethical than George Economou (DryShips), and would far prefer oil men to hedge fund folk running an exploratory oil company.

[temporarily insane] 10/4/2017 20:58

Edited... ;-)

[hguess16] 10/4/2017 20:25

TI,
If you have not followed the development of Tethys, here is a bit of history which might be of interest:

Tethys previously known as CanArgo and later Tethys Investments had its first IPO in 2007 and Dr David Robson, its founder, was its promoter.
From what I read, Robson, the expert geologist with experience in energy exploration
in the former Soviet Union, was intent on expanding his energy business in KAZ, Taj, Georgia and decided to focus on raising capital with every licence he acquired in
each of these countries.
As I perceive, he and his team incl Peter Lilley ( vice chairman) of Tethys (and former Tory Minister and observer at the KAZ election ) had ambitions of greatness
for Tethys.
It seems that Robson, (as founder and promoter of Tethys) had been operating on the
basis of expansion at any cost with no intention of providing any returns in the form of dividends to investors, but rather expecting capital growth to reward them
in time in the hope that KAZ, Taj and Georgia oil and gas operations would bring the long awaited returns.
It is fair to assume that Robson and his team were simply " overtrading" !.
Putting it simply, Robson and his team used up all the capital to run its operations and only accumulated losses from 2007 - 2014.
In the meantime Robson and his team seem to have rewarded themselves with NIL returns to its investors
Enough was Enough !.
Robson and his team were forcibly removed in 2014 by its main shareholder, PAM.
Bell replaced Robson !.
Bell tried to resuscitate Tethys through approaches to AGR Energy and Nostrum and tried to keep it afloat via short term loans from Cayman, AGR Energy.
Oliosl then enters the scene as a " white or Black knight" based on its previous
relationship with Tethys and its AOT and customer.
In reality, Wells only takes charge in November 2016 after the failure of the Investment Agreement with Olisol and its chairman Abramov to fulfill its obligations.
So, TI,
Wells and May have only been in control since Nov 2016.
And to put it in perspective, you should stop moaning about Wells and May and give them a few more months to set matters right for a company that has been raped by
unscrupulous, uncaring and inexperienced people for many years !.
It would be useful if you could stop using the "F" word and stop blaming it all on Wells and May !. IMO !!.

[neilyb675] 10/4/2017 19:44

Dear Mr XXXXX

Thank you for your recent email.
If they trade on another recognised exchange we are able to offer a service called Cross Border. If they qualify we can take an instruction from you over the telephone. Please note, they can take 6 - 8 weeks before they appear back on your account under the new exchange.
Kind regards
Mark Gallone | Customer Services Team | TD Direct Investing

[temporarily insane] 10/4/2017 15:58

And we are now forced to join the TSX.

[temporarily insane] 10/4/2017 15:56

So why the selling over on TSX and LSE with no share price movement.


Sick of this share doing sod all.

[rogsim] 10/4/2017 12:09

NorthWestWirral,

I don't know if this is helpful, but I received this from HL:

"I can confirm that the Tethys Petroleum shares can continue to be held within your Stocks & Shares ISA following the change. We can already trade shares listed on the Toronto Stock Exchange and therefore fully expect for you to continue to be able to trade the shares through ourselves via this exchange in future."

This was further confirmed in a telephone call. HL will continue to quote in sterling in my ISA account but there may be some alteration in the way they refer to the stock in the spreadsheet.

[temporarily insane] 10/4/2017 09:30

But on the other hand somebody over on stockhouse thinks differently........

[temporarily insane] 10/4/2017 09:27

So, lets see what excitement the Board can bring top this stock this week!


Oh wait a minute Im writing about Tethys Petroleum, so there wont be any.




Wells is certainly playing the waiting game.

[northwestwirral] 10/4/2017 08:00

Transferring of shares to another broker.

Thanks for the reply's - Neilyb675, hguess16, 1399Peter, Clive_H & Casual47.

From what I now believe I can hold on to my shares in HL in the hope that HL will use the TSX exchange but if not I can transfer my holding to another broker after the 2nd May 2017.

Hope I am correct.
Please bear with me, just a novice at this game.

[scallywag] 10/4/2017 07:48

Hi y'all. I have TPL with HL, Selftrade and TDW. I have sent off transfer request forms to TDW, with the objective of bulking together my holdings within TDW, but in view of the 4 to 6 weeks timescale to transfer holdings from broker to broker, I wouldn't be surprised if it doesn't get done in time. I was told by TDW that there would be a "third party charge" for the cross border transfer, but they couldn't even give me a ball park estimate for how much this would be. Even if the broker to broker transfer doesn't complete before delisting, I could still transfer the shares in certificated form. I think the bottom line will be what charges are applied.

[clive_h] 10/4/2017 07:30

Hi Casual, I think the 'around 4 weeks' previously mention on site perhaps relates to ISA stock transfer as in my case the stock in my trading account went across in a couple of days but I am still awaiting confirmation nearly a week later about my ISA stocks being received..?? Maybe ISA transfers are more regulation bound..??

[hguess16] 09/4/2017 17:42

TI,
Thanks.
Interested where you found this !

[casual47] 09/4/2017 15:18

It could already be too late for TD's bulk crossing cut off date. It was mentioned on here it takes around 4 weeks to transfer shares between providers.

There is no hurry. I am waiting until shares are delisted and will then transfer the shares at my leisure. This will guarantee i can keep trading while the shares are listed on LSE rather than have a period of 4 weeks where i can't do anything.

[clive_h] 09/4/2017 15:00

Hi NorthwestWirral, I received basically the same answer as you did from the online firm I use so I transferred to TD Direct after receiving their email as follows:
"Thank you for your recent email.
I have looked into your query and you are able to transfer your shares to us free of charge for you transfer your shares to TD Direct investing. You would have to open up a Trading ISA with us and a Stocks and Shares ISA with us for us to be able to facilitate a transfer.
In relation to your TPL shares you are correct the stock does delist on the 2nd of May, we will be able to facilitate trading these shares. We have a bulk crossing that we will do on the 25th of April. What this means for you is that your shares should be with TD and settled in this time frame, so we can facilitate the change. If when the shares come across and you have the London listing we can do a cross boarder for you, but this may incur a charge."
The second para is particularly interesting as it gives a cut-off for their 'bulk crossing' date.
This is of course only my own path of action and no recommendation or advice for others.

[hguess16] 09/4/2017 09:36

NorthwestWirral,
I have been with TD for years.
If you wish to remove the uncertainty, might as well transfer the holding to TD 1.
Ultimately, its your decision !.
Best

[northwestwirral] 09/4/2017 09:07

Question sent to HL

If I leave my share holding with HL and the de-list occurs on the 2nd May how will my Tethys holding be managed?

Answer

The shares will continue to be held in your Vantage Stocks & Shares ISA but will show a nil balance, we will continue to inform shareholders of any changes and their options in respect of Tethys Petroleum Ltd should we receive this.

Help!!!

Will I still be able to trade the shares with HL?
Will I still be able to transfer the shares to TD Direct after 2nd May or should this be done before the 2nd May.

[1399peter] 08/4/2017 15:53

hguess

Sorry it must have been someone else that said it then. It was the comparison of the Tajik resources to the Kaz resources I was getting at. No worries

[hguess16] 08/4/2017 13:53

1399Peter,
I meant Tajik Prospective Resources of 27.5 Bn barrels oil equivalent comprising
- 113.7 trillion cubic feet of natural gas
- 8.5 billion barrels of oil/condensate
Report by Gustavson June 2012
This was a handout by Robson at a presentation in London in 2013