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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tethys | LSE:TPL | London | Ordinary Share | KYG876361091 | ORD USD0.10 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.125 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
18/9/2018 20:59 | Wells and his team underestimated the extent of the damage that would be caused by Olisol in KZ. Their focus on litigation to resolve the dispute was a failure and their lack of focus on drilling wells to increase output resulted in near bankruptcy of Tethys. Perhaps Wells and his team now recognise the importance of avoiding disputes at a local local level and building real relationships in KZ. | hguess16 | |
18/9/2018 18:05 | There has to be a reason/plan why Wells and his team have spent nearly 4 years achieving nothing but things behind the scenes, that has so far created zero shareholder value......so far. Hopefully to make a change for the positive. Its about time. | temporarily insane | |
18/9/2018 17:38 | Yes, major funding for drilling which has not occurred during the last few years !. NI has to step up to the plate !. | hguess16 | |
18/9/2018 17:08 | Well whatever they call it, they are still going to need a shed load of funding to get it going. | 1399peter | |
18/9/2018 16:43 | Hopefully the change of name, if that is what is happening, is a sign of a significant company and business restructuring. The challenges ahead are too big for Tethys. Perhaps it would be wise to e.g. cede control over their oil assets so they can focus on gas. Surely a deal can be done here. Retain a free carry or interest in the oil and wipe the slate clean to get going with the gas. No point sucking at two things. Let them try to do one thing right. | casual47 | |
18/9/2018 16:22 | It looks like Tethys Group would in future be focused only in KZ as the notes in the financial accounts reveal that the Board intends to dispose of its 18% stake in Georgia. | hguess16 | |
18/9/2018 16:19 | A logical reason for the special resolution, based on info that we know, would be a special resolution to change the name of the company from Tethys Petroleum to Tethys Group. There is, as far as I can see, no reason for any special resolution to do with the NI, based on what we know. | casual47 | |
18/9/2018 16:16 | Sorry if you have been misled by my ref: to special purpose. I really meant that " special " has been added to the AGM to finalise the deal with NI. The reason for the "special" addition, I think is to get approval for the deal with NI. There is no reason to set up an SPV as all that is taking place is that NI obtains 127m shares incl warrants which would increase the existing 508m to 635m shares. | hguess16 | |
18/9/2018 16:12 | Just for clarification......S | temporarily insane | |
18/9/2018 16:09 | An awful lot of wishin' and hopin' and thinkin' and prayin' going on here. How about we stick to what we know and add a smidgen of well-deserved scepticism? | casual47 | |
18/9/2018 16:06 | Interesting but irrelevant (and nonsensical within context of Tethys). The Sedar article just says "annual general and special meeting." It's hguess who phrased it as "special purpose". | casual47 | |
18/9/2018 15:15 | Interesting find there TI, could it be we have a minimum of $30million being invested. That could have a nice effect on the SP | 1399peter | |
18/9/2018 14:50 | Is this what the 'special purpose' relates to.....? "Special Purpose Acquisition Corporation" | temporarily insane | |
18/9/2018 14:31 | Hguess, why would the warrants need a special resolution? Individually they won't give them more than 20% each, so within the rules..... | casual47 | |
18/9/2018 14:15 | I think the warrants have already been taken up. Otherwise why call a meeting to incl special purpose and voting deadline for 12 Oct for the Nov meeting.All it needs is the announcement to confirm this. | hguess16 | |
18/9/2018 14:10 | Another way to look at it: According to the last shareprice of 1 Canadian cent the market cap was CAD$ 5 million. A shareprice of 2 cents would mean a market cap of about CAD$ 12 million - that would be a good trick, by selling a chunk of equity at 1 million US dollars they would add CAD$ 7 million to the market cap.... | casual47 | |
18/9/2018 13:57 | Either way we are talking about low volumes, not many people have been adding/buying for months now. The shareprice before TSX halting was stuck at 1 cent with a huge spread (50%). While not many people would have sold out at 1 cent there should be sellers at 1.5-2 cent. I don't think the NI news was positive: A huge chunk of equity for 1 million dollars. What can they do with that apart from keeping the lights on for a bit longer? The story changes if the warrants are taken up. Only two weeks to see... | casual47 | |
18/9/2018 13:54 | I would have thought that the people who wanted to sell would have sold before the TSX halting and before that. The only news we have had since has been in theory airing on the positive side for the company. | temporarily insane | |
18/9/2018 11:00 | My guess is that the broker dealers might price it at 2 to sell and 3 to buy and then make a small killing !. | hguess16 | |
18/9/2018 10:58 | The buyers from Stockhouse could push the price up to dizzying heights ( sic ). The sellers from ADVFN could crash the price down !. Anybody's guess. Olisol's silence may provide the key to the deal. Perhaps NI power and influence has kept Oliosl on side finally, which is a positive !. | hguess16 | |
18/9/2018 10:13 | But not sure who the buyers will be. For sure lots of sellers who have been stuck like all of us. But apart from a punt, who wants to put serious money into this? So overall volume might be quite low. | casual47 | |
18/9/2018 10:08 | The new NI are buying at 2.5 Canadian cents. There are probably going to be a good few shares on sale at 2 cents, seeing as it is 100% increase on last closing. There is no reason for positivity or confidence so not sure why anyone would pay more than the NI. My guess is: technical rerated to 2.5, lots of selling at 2, maybe finish at 1.5. | casual47 | |
18/9/2018 09:59 | There might be pent up demand at 3 but note that NI is getting new shares ie diluted from 508m to 635m. Confidence is some way off and more evidence on drilling is vital !. | hguess16 | |
18/9/2018 09:22 | Who would want to buy shares at 3 cents? | casual47 |
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