Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
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The Govt need this project to start sooner RATHER than later....
Too much Barolo!
My guess is before end of May.
If you look at the skill set of our new additions, it plays into the possibility of a reorganisation of the company structure including several joint ventures, each with their own project to build up, to deal with the various segments which will be required for Phulbari to be mined.
Financing is NOT going to be a problem, this was discussed at the AGM (I was not there) but has been reiterated in earlier conversations with the company.
PowerChina will not be letting this project go, talks have been going on for some time now and at Govt to Govt level.
The GOB need this project to start sooner than later as any delays will only add to the country`s problems and if you look at the article below, time and money are running out.
Suggestion from the RNS is that this could happen soon rather than later? Interesting few weeks ahead...
When THEY are good and ready.
Realistically when do we think the Government will sign this off?
This is why I do NOT DARE to let any of my GCM go - Everything point to Govt agreement & everything in-between is distraction.
Upside is LIFE CHANGING! 🦉
GKP those were the days,
Mates rates placing at 6p, 3 weeks late 90p!!!!
Worked out the other day if I had put my GKP profits into Tesla in 2012 I would be worth 250M now lol
I made a shed load of cash with GKP. Didn’t need to work for someone else for over 5yrs!
GKP was mis-managed. Too much debt etc etc. that won’t happen here.
That GKP re-financing was at .89 of a penny. I think i've missed a zero out.
If the Government of BD are going to get 'onside', then they will ALL want to be 'inside' before this goes rocketing.
From the recent RNS, there is talk of Government involvement throughout the report. Without the Government, nothing happens.
My baptism of fire into these type of investments was with GKP back in about 2007 I think. I bought initally at 6p. It went as high as £4.50 something I think. It eventially got re-financed at .089p something, if I recall.
Why do I tell my little story?
Well, if look over at GKP, its still all happening, all theses years on, and the Government runs through the public company that is GKP like Blackpool through a stick of rock.
The ride with GCM, I believe will be similar. There will be mates rates placings in the early days. There will be things that happen that make no sense, the price will drop only to rocket the following day /week.
Expect the unexpected. Watch like a hawk, and look to learn along the way (if you are relatively new to this stuff.)
This board will be infected by all manor of conspirators along the way, and threats of legal action, and fist fights will ensue!
Finally, strap in and try to enjoy the ride.
GLA - something tells me that we are going to need it!
Danno.
BD’s forex reserves see over half a billion dollar dip amid wide sales in a week
Does the government really have a choice but to try and use ALL their own resources!!
https://thefinancialexpress.com.bd/economy/bangladesh/bds-forex-reserves-see-over-half-a-billion-dollar-dip-amid-wide-sales-in-a-week#google_vignette
I was expecting a 10% recovery after the early sell off this morning. I misjudged that, slightly! 🙈
Hoping for a smooth ride here then; I enjoy my lie-ins whatever but help in being a steady investor.
I honestly wouldn't worry about the current share price.
I've recently 8 - bagged in HE1, there was all the doom sayers, 5% traders and loads of sellers at the bottom price. I didn't have to do anything just let the initial results land and waited 4 sessions to exit with healthy profits.
Similar will happen here IMO
🤔 the end of May is 8 weeks away… that in my eyes is only a few weeks away, and by then depending on what news comes through, whether it’s from the Bangla press or from the company, the SP could / should be in a totally different place, and as I said earlier, 10, 15 or 20 million shares in issue really is not going to make that much difference imo if we get the green light 🤞
Disappointing all round Searcher. So it sounds like we won't get the boost of knowing that the project submittal has been done. On top of that they've declared that the fundraise will be done in the 'coming weeks', way before it was due at the end of May24. We all know what happens to the sp after a fundraise. And how long for a response from Bangladesh after?
And to you Searcher....just look at where we are compared to pre AGM...and could be worse I suppose if the Wetherspoons crew get more of their mates to wake up in the morning 🙂
Disappointing end to the week if i am honest, especially after yesterdays gains, but hopefully some positive news in the Bangla press over the next few days ;)
Have a great break all,..
I’m going for 8.20
Next Tuesday is a long way off. 8.75p close is my bet.
Thank you for confirming that Searcher! .. and good afternoon to you too. Can you imagine if it was submitted a couple of weeks ago and the deal approval gets announced over the weekend by Hasina. Its very possible.
We also should u derstand people who think share price will go to find raise price may be very disappointed LOL.
Did NOT go close even with last raise when sentiment just start building little bit - Now much bigger Sentiment / Awareness AND potential very near term development with GCM / Power China submission to Govt.
I will keep my shareholding complete thank you! 🦉
Thank you for the information, much appreciated. So a couple of days off, will have to go racing then. Thanks again.
Is the Stock Market Closed on Good Friday 2024?
The stock market is closed on Good Friday
2d ago · By William White, InvestorPlace Writer
https://investorplace.com/2024/03/is-the-stock-market-closed-on-good-friday-2024/
I see the thorny question of future fund raising has reared its ugly head.-----Maybe a tad early to start fretting about that, but I suppose we are "over the hump" and it is starting to come down the track towards us.----so what does it mean for us now.
---We have until the end of May before we run out of cash, and anything could happen between now and then.
-Personally I would like to see any raise done well before that deadline and leave us all with plenty of clear headed breathing space.----In fact I would like to see it done NOW.
-As to what price suits who, well Searcher is right.
-If its Tang's money, --then he would wont it low so as to get a larger stake and restore his %.
-(he has been diluted from around 24% down to 17.5% through recent raises)
--Anybody else's money, and the co would want as high a SP as possible to reduce the dilution.
-Having done a good job with the last one, I think Clear Capital Markets should be fairly near the top of the queue again, and maybe arrange another £500,000 at around these levels.
----but either way, ---its not important at this stage