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The shares as we have seen over the last few days have probably already been forward sold into the market, so if there is any at all, there will not be a lot left!!
The placing shares may or may not even get admitted to the market tomorrow!!
From the RNS…….
“The Subscription Shares will be admitted ("Admission") to trading on the AIM market ("AIM") of London Stock Exchange plc ("LSE") on or around 19 April 2024.”
Even if they are the price imho will not drop because of these shares being entered into the market!!
Plus, there is obviously a natural bottom where Axis or their clients will not sell below, they are not going to sell at a loss!!
Hopefully this overhang will be done with soon and we can move forward!
All imo of course!
Fingers crossed your prediction is better than all the others you have made so far 😂🤦
Looking like Phulbari will very likely be in the agenda for discussion this Sunday at the Energy meeting.
This is primed to rerate on mention of discussion at the meeting next Monday in the Bangla news outlet, media etc and we should see a nice recalibration of the SP.
Leave him alone. I think he’s bought nearly all the direct subscription shares by now 😂
Recalibrate - he's been chatting utter deramping garbage on another company I follow last 2 days also.
As I said on that board, either a total fruit cake or a stooge sent by brokers to attempt to create chaos/liquidity/shorting or buy in opportunities
Either way I just laugh at them.
8p open tomorrow 10p then onward we go.
12% dilution first thing tomorrow.
30m shares, some will be on the market.
What's everyone's predictions?
I'll be surprised if the bid is any higher than 6p.
The amount of clairvoyant clowns arriving here this year is comical 😀
This will fly tomorrow we will see 10p plus tomorrow.
What a plank this Open fella. Loser doesn't cut it buy hey, each to their own I guess.
Once the SP rerates, it quietly disappears back into it's hole.
Again Open - must try harder.
Good buys today nice close today into the 7p range.
This will be 8p/10p tomorrow.
Who’s got the bag of gold stars for our resident nuclear scientist?
Its going under. I warned you all before. This is going to tank into close.
Excited to see where we are next week. Could be at multiples
They may have been forward selling before that RNS came out. Anytime since the previous RNS saying fund raise in a couple of weeks. They may be nearly done for all any of us know. Non of us know when that deal was done
There has been a couple of large sells today however the buys have far far outweighed them. So for this to pull back as much as it has I would imagine an after hours huge delayed sell again like yesterday.
Just my opinion let’s see.
I’m holding tight to my shares
All will come good in the end! GLA
No just as to be expected!
Good one again mr Wos. Keep making me money bud
At first sight, technically it moves in suspicially orderly way again.
No such thing as sticky holders in a discount fund raise mr Stephen
30 odd million that’s a lot of shares to shift and the sp been doing well lately. They may of had heads up that it’s a done deal and decided to play stickers like the rest of us . We shall see
MMs will get shares for clients as cheap as they can up to approval. Fund raise ahead of meeting on Sunday was cutting it tight to play the market with forward sells but hope enough in the know have filled their troughs as this is what will underpin approval, just as adequate compensation for farmers needs to be in the mix. All is fair to Bengali people, GCM are not stripping out their resource for profit but enabling a greener way to have coal and help the balance of payments and Taka Fx but they have to approve OPM asap.
"What will Axis do?" - probably nothing as shares that were going to be forward sold have been forward sold & Energy Meeting with Minister on WEEKEND!
🦉
12% dilution tomorrow @ 6.5p . What will Axis do with their 30m shares? Have they forward sold? Most of the 25% discount has evaporated so will it be a bloodbath tomorrow?
Next week mr AlfredGeorge and probably much higher!
We KNOW PowerChina / GCM Project submission wiki be "shortly" in 11th March RNS.
Energy Committee Meeting is where Project submission will be seen.
🦉
Wos at matd people are waiting for over a year now and you promissed them richness next week for 52 weeks...zzzzzzzz