Register
Login:
Share:
Email Facebook Twitter


EXCLUSIVE: Petro Matad announce fully funded 4 well Mongolia campaign
#AST: Board changes and new strategy for Ascent as Hutchinson looks at new projects


GCM Resources Share Chat (GCM)



Share Price: 28.75Bid: 27.50Ask: 30.00Change: -6.75 (-19.01%)Faller - Gcm Resources
Spread: 2.50Spread as %: 9.09%Open: 35.50High: 34.00Low: 26.50Yesterday’s Close: 35.50


Share Discussion for GCM Resources


Thread View

Please login or register to post a message on Share Chat.

Posts per page:

Latino
Posts: 7,630
Opinion:No Opinion
Price:28.75
RE: large sales
Today 18:58
Nomad deadline is not Fri 26th, it’s Thu 31st Jan. so chill they have plenty of time plus told us it’s at ‘advanced stage’. So chill!
 
Coldspy
Posts: 924
Premium Chat Member
Opinion:No Opinion
Price:28.75
RE: Dyani - 17th May 2017
Today 18:57
hope2gain

I see they are issued shares as we hit certain milestones as well as a monthly retainer.

So as we progress the deals their share holding is constantly going up. However, they must remain below 29.9% shareholding and so forced to sell.

Haven't been here long as some so they will be able to explain in further detail.

They get an 8% stake once the final investment JVA is signed. So if they're on 25% already for example, they need to sell down 3%

Just my take
redeyemines
Posts: 430
Opinion:No Opinion
Price:28.75
large sales
Today 18:52
---Here's a thought, and it's only a guess.
-
-If for some reason our talks with the new Nomad have hit a stumbling block, and we have to go back a few paces and talk to someone else, then we are not going to meet the Fri deadline.
-
-This may cause us to be temporally suspended----(not the end of the world, even though it could go on for maybe a couple of months)---while we renegotiate with a fresh party.
-
-but this of course would not suit Dyani who seem to be under some "time pressure" to reduce their holding--they, like the rest of us, would not be able to trade and so could wind up holding too big a percentage at a critical time.
-
-Maybe they just bit the bullet and got rid of the stock they had to.
-
-looks like a lot of it has been placed @ around 27/28, so maybe it's all done.
-
-just a guess-lets see what tomorrow brings
rickyroman
Posts: 421
Opinion:No Opinion
Price:28.75
...Dyani the scapegoat...
Today 18:50
..Altube - why this obsession with Dyani selling. Any dip with the SP and Dyani is blamed or the MMs are manipulating.the stock price.

The fact is that today the company and its share price took a mauling because someone dumped nearly 2% of the issued shares. Why would Dyani wait until the price was languishing at 27p to sell, when they were getting 64p last week.

They were large tranches of shares today and if there is a repeat tomorrow then this will head back towards the teens. I'm not comfortable until we know who was behind those sells.

Great news last week, we should have been able to hold 40p. Someone is spooked or desperate for cash.
hope2gain
Posts: 406
Opinion:No Opinion
Price:28.75
RE: Dyani - 17th May 2017
Today 18:48
Coldspy. What do you deduce from this re todays selling of shares ???
Coldspy
Posts: 924
Premium Chat Member
Opinion:No Opinion
Price:28.75
Dyani - 17th May 2017
Today 18:39
LONDON (Alliance News) - GCM Resources PLC on Thursday said it has signed a consultancy agreement with Dyani Corp Ltd concerning the proposed development of a 2,000 megawatt coal fired power plant.

GCM Resources said the consultancy agreement concerns the power plant that is to be developed under the memorandum of understanding with China Gezhouba Group International Engineering Co Ltd.

GCM and China Gezhouba agreed in November to explore the feasibility of a joint venture to develop mine-mouth coal-fired power plants at the Phulbari coal and power project site which AIM-listed GCM operates in Bangladesh.

China Gezhouba is a subsidiary of a core member of the state-owned China Energy Engineering Group Co Ltd.

GCM said Dyani has provided "invaluable introduction, negotiation and advisory services" to the company since May last year on a "good faith basis" while terms of the consultancy agreement were being discussed.

GCM said Dyani was a major part of the introduction to China Gezhouba.

Under the consultancy agreement that will run to the end of June 2018, Dyani will procure a preliminary feasibility study on the proposed power plant at "no external cost to GCM", negotiate a final joint venture investment agreement for the plant, as well as an engineering, procurement, construction and commissioning contract.

For the work completed since May 2016, Dyani will be issued with 3.9 million shares in GCM and a monthly retainer of GBP20,000 from the start of July 2016 that will be settled at shares issued at 20.0 pence each, a 43% premium to the share price before the memorandum of understanding was signed.

GCM shares closed down 0.3% on Thursday at 27.18 pence.

Further shares will be issued to Dyani when certain milestones are reached. Dyani will get a "success fee" of a 5% stake in GCM once the preliminary feasibility study is complete, a further 5% once a framework EPCC contract has been agreed, an 8% stake once the final investment joint venture agreement is signed, and a further 5% once the framework EPCC is executed.

Dyani will be limited to owning a 29.99% stake in the company.

"The board is acutely aware of the potential dilution arising from the consulting agreement. As fees for services similar to those provided by the Consultant are typically based upon a percentage rate of the value of the underlying contract, and given that a 2,000 megawatt ultra super critical coal fired plant would cost in the region of USD4.00 billion, GCM does not have the resources to pay such fees in cash," said GCM.

"The company is fortunate to have found an introducer and consultant of their calibre who is agreeable to be compensated with shares of the Company, recognizing a cash payment would be beyond the company's current ability to fund," GCM added.

GCM issued 900,000 shares on Thursday to cover the retainer for the months between May 2016 and March 2017, and another 3.9 million shares to Dyani for the work performed to date
NewKOTB
Posts: 1,068
Opinion:No Opinion
Price:28.75
RE: Another 350 MW coal-fired Power Pla
Today 18:32
"I mean what kind of a team could a company like Woolies have fielded."

Be careful, could be wolf in sheep clothing ...
hope2gain
Posts: 406
Opinion:No Opinion
Price:28.75
RE: Another 350 MW coal-fired Power Pla
Today 18:31
Perhaps we can say what we like after 5pm?????
hope2gain
Posts: 406
Opinion:No Opinion
Price:28.75
RE: Another 350 MW coal-fired Power Pla
Today 18:29
Hi all, just to lighten the mood slightly, I was watching Sky last week in a pub and the sub titles said that Man City had beaten Woolworths 3 nil. Should have been Wolverhampton Wanderers of course. I mean what kind of a team could a company like Woolies have fielded. Not sure what division they are in either??
Latino
Posts: 7,630
Opinion:No Opinion
Price:28.75
£1/2M Worth
Today 18:25
Shares sold from earlier in the day..hopefully seller now out.
Antha
Posts: 95
Opinion:No Opinion
Price:28.75
RE: Another 350 MW coal-fired Power Pla
Today 18:24
Lol, seems lse has no swear filter now.
ToeDipper
Posts: 208
Opinion:No Opinion
Price:28.75
RE: Another 350 MW coal-fired Power Pla
Today 18:20
Ha ha yeah was meant to be join a gym. Oops. I think I got my point across and I'm sure it will be removed anyway but a few thumbs up shows what people think of this moron.
NewKOTB
Posts: 1,068
Opinion:No Opinion
Price:28.75
RE: Another 350 MW coal-fired Power Pla
Today 18:18
Don't you just love predictive text ...

"Joanna gym" ...... I guess 'Joanna Jim' is more politically correct. !!!
ToeDipper
Posts: 208
Opinion:No Opinion
Price:28.75
RE: Another 350 MW coal-fired Power Pla
Today 18:14
Bjpenn
Not only are you an absolute disgrace to the name but your about as welcome as a wasp in a car.
Have you really got nothing better to do than pollute this board with your nonsensical transparent deramping.

Get a real hobby.
Maybe join a club and meet people.
Bake cakes.
Go fishing.
Collect stamps.
Joanna gym.
Play chicken on the motorway.
Anything really but do us all a favour and FUCK OFF!
beeshoney
Posts: 2,391
Opinion:Strong Buy
Price:28.75
great news again
Today 18:12
Bullish news every day,,

China's coal output hits highest in over three years

China's December coal output climbed 2.1 percent from the year before, government data showed, hitting the highest level in over three years as major miners ramped up production amid robust winter demand and after the country started up new mines.

Miners produced 320.38 million tonnes of coal in December, according to data released on Monday by the National Bureau of Statistics. That is the largest volume since June, 2015.
China's coal output hits highest in over three years

China approved more than 45 billion yuan's ($6.64 billion)worth of new coal mining projects last year, much more than 2017, official documents show.

That came after the country closed old and more-polluting coal mines as part of its battle to clean up the environment.
altube
Posts: 297
Opinion:No Opinion
Price:28.75
Reported sell trades
Today 18:12
These are delayed traders from earlier today. Who are the seller/s.

My view is that why would anyone sell today when they could have sold yesterday or Friday for higher. Its not stop loss driven, It therefore does not feel like a PI. The only other option would be Dyani, who until recently have been gradually selling their stake down to not got over 30% on final deal news. But today they seem to have increased the amount that they are selling, in full view. This can only mean one thing they know the deal is close as they are rushing to sell to get under the 30% threshold.

An interesting thought and could be the main reason. Seems something is going to happen one way or the other. Hold onto your hats.
MickR
Posts: 1,809
Opinion:No Opinion
Price:28.75
RE: Late trades
Today 18:05
Hope2gain,

I hear you.

Fingers crossed for us all? Yes, it is a casino. I mean look at FLYB, CAKE today, us PI’s keep getting shafted right left and centre.
beeshoney
Posts: 2,391
Opinion:Strong Buy
Price:28.75
RE: Another 350 MW coal-fired Power Pla
Today 18:01
im invested in many things,
i lived in Asia and am extremely well connected there, and i have not sold a share on recent spike, but have many times in the past,,
now why are you here ? are you short ,,,long ?
or just a troll
NewKOTB
Posts: 1,068
Opinion:No Opinion
Price:28.75
BJpenn
Today 18:01
"2% of the mcap sold in 3 trades!"

Think you need to start at KS1 maths, or even Pre-School if you find that to difficult.
hope2gain
Posts: 406
Opinion:No Opinion
Price:28.75
RE: Late trades
Today 18:00
Hi Mick R. I am well under water as well. This is either a HNWI or an Institution IMO. As has been stated people sell for a variety of reasons. The price recovered slightly at the close of play today and the days low was not that bad if you look at the slow but steady increase in the low points over the last couple of months. This is AIM. The price could go up 20% or even 50% tomorrow with no apparent reason and then we get an RNS re the NOMAD. Remember Thomas Cook recovered by 50% in one day after it fell big time, a massive company. Its a casino.
BJpenn
Posts: 1,776
Opinion:No Opinion
Price:28.75
2% of the mcap sold in 3 trades!
Today 17:58
Oh dear me
beeshoney
Posts: 2,391
Opinion:Strong Buy
Price:28.75
market
Today 17:57
JUST GETS TAKEN TO A PLACE THAT CAN TRADE THE SELLS,& They were brought,
Dyani are selling we are almost certain they provide the funds moving forward,, unless there is bad news and i can find none,, its a massive buy,
for me and if i was not fully loaded id be buying, Power China are dealing with government every day,
does anyone really believe they have not done the due diligence through out dec ?
& they chased us,
dont be spooked here,,,,
BJpenn
Posts: 1,776
Opinion:No Opinion
Price:28.75
RE: Another 350 MW coal-fired Power Pla
Today 17:56
Beeshoney has been invested here for over 10 years...

Wonder why else he could have done with the money he invested here
BJpenn
Posts: 1,776
Opinion:No Opinion
Price:28.75
RE: Late trades
Today 17:55
Say goodbye to that 10k
MickR
Posts: 1,809
Opinion:No Opinion
Price:28.75
RE: Late trades
Today 17:47
There is normal selling and then there is a rush for the exit. These sells look like the same person making a dash for the exit. What do they know that we do not? Why did they not sell last week when the RNS came?

Placing? Suspension? Nomad declined. This doesn’t look good to me and I have £10,000 pounds here at 40p.




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk









Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.