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Exactly Jim. The potential here is huge and things will start falling into place very soon.
The SP is bloody cheap right now compared to where it will be in the coming months/years.
LOI is the next step and should see a decent rerate.
Tasty I agree with you our sentiment. Hold for a steady rise IMO..not sure where it’s going to end up, but a lot higher than today’s price I am certain!!
Nice post tasty. I am confident of this being much higher come closer to production and from then on the benefits will be better and better.
Being in this early could reap big rewards. If you can then try to stop looking at the daily SP and forget about your shares.
This will come good soon enough.
> hope she pulls something out the bag!! Not much confidence in her what so ever!!
I was accused of being a deramper for having a new account, but I'm just a fool who was easily parted from his money, wasn't good enough to trade-up on the spike and got impaled. Now I'm reading up to choose cut my losses or hold. Yeah maybe it will drift and fall lower, but overall it's not as bad as I feared - and she's one reason why.
Since she's taken over as CEO, they have got CPEC to re-rate the project as power + fertiliser which makes it more tempting for the government because it addresses power and food insecurities. The LOI application has been hanging around 2 years, now submitted (it's not the golden ticket, but it's movement, and progress). One reason for building a mine-mouth power station is because there's no infrastructure to deliver the coal and sell direct to the market - she's involved in talks with the government about a railway line running through Thar. Why would the government care about a railway line for a private company to sell coal for profit? Because it could also help with fertiliser and food security, it's been made more compelling for them to support. The Sheikh has been voluntarily locked in for 12 months, and much of his holding is only good above 0.5p/share, so at the end of the 12 months either he's sold at a good profit and the share price is high so I can sell too, or he's stuck with no profit and may as well help make the company better. Someone is paying attention - maybe to ADME? - to arrange for that. The John C. MasterInvestor article suggests a price of 1p/share with power flowing but if they avoid more dilution while funding, maybe 2p/share. They just announced trying to avoid much more dilution. The government has said they want to push these projects forward without delay, and even an article on collapsing CPEC projects says the main ones Beijing is pushing for are power plants. Boots on the ground "very soon, literally".
Certainly waiting ten years for 1p/share is poor, and a high risk of another false dawn and corruption delays makes it worse. Waiting 4 years for 2p and it actually happens this time is more interesting. Dreamland of waiting 4 years for a production power plant, selling selling coal to market and coal ash to concrete companies using trains, genuine Sheikh contributions, urea plans in the works with more interest because they came through on the a power plant .. 's not likely, but not unthinkable.
If I'd read into them before, probably wouldn't have bought after GCM (I'm a fool, I told you). No party hats and multibagging for me, but no panic selling either. I'm interested. Watching the coming months, rooting for Ms Memon (who put £50k of her own money into it), and going to read up on the railway line proposal next.
In my opinion the .59 2.533m sell and the 2.5m .5999 buy are a Bed & ISA. Bought and sold in the same minute - as usually happens.
2.5 million is a buy at the same time as the 502k buy
GLA
those big buys weren't buys, they were sells, but the 502,502 a few mins ago was a buy.
You have to understand they are invested too, the sp going down impacts them too. Hopefully will be profitable to all long term holders, soon. ALB
Come down, mate. Look at those big buys! maybe she just opened the gate for those who were waiting to load up. Be patient and average down your basket, and wait for the count down to be started soon!
The RNS was awful the other day and didn’t make a blind bit of difference what was spouted today. She did the damage with her careless approach and lack of market knowledge. She’s just single handedly wiped 1/3 of the market cap by saying 18 months. Didn’t need to be said full stop.