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Yes MUD about time Searcher pulled his finger out... Lol
I probably would have gone Redeye - but I’m currently in Cape Town so will have to give it a miss this time👍
I know Searcher is going so hopefully he can let the bb know - no pressure there Searcher - but thanks in advance! 😂
Hi GUN... its in the fund raise rns
Sadly not MUD, please if you or anyone else who's going, ask them for us all.
Hi Redeye - my apologies for the silly question - I can’t seen any RNS regarding CCM. Is there a historic one I am missing?
Did some sleuthing .. could “Clean Capital Management” refer to the Chinese Solar developer - http://www.asiacleancapital.com/ ? Or if you have any other information on CCM I’d appreciate a link.
Thanks Good luck all
Agreed the facility is still available & so would re-negotiation of the conversation rate.
Hence, maybe keeping the shar price low, until May funding.
Hi Cstallion
I’m personally quite relaxed about the funding spread around and not weighted too heavily with one party - spread the risk/ reward. 👌
That may also mean we still have the Polo loan to fall back on if needed come May.
Hi Redeye
Are you going to the agm and will you be asking these questions?
Cheers
D
Q from me
Why was the Polo drawdown not utilised?
Was there a concern that the re-negotiation on the loan facility & conversion rate for shares unacceptable at 1.65p/shares?
Potential loan conversion could of been.
£3.5m / 1.65p = 212m shares, excluding any 15% interest.
Hmm, that a lot of shares...
And one other question
5) __ if they could generate buyers of 25...30 mill shares over three weeks...... Why have they stopped generating them now.??
On the 2nd of Feb the Co raised £500/- by the issue of 30, 300, 000 shares , which they sold to Clean Capital Management @1.65p--
--That gave the Co an enlarged Share Capital of 237.8 mill shares in issue.----=-CCM therefore had 13.7% of the co.
-Since the 2nd of Feb, up until Fri 24 th, we have seen huge two way turnover totalling over 50 mill, and it appears we have had a seller of about 25-30 mill share @ about 2p----This looks like CCM.
-------If it was not CCM , who else could have sold that amount.?
--Buyers have been generated to take all of this stock at between 205 and 220 over a three week period.
-Now lets look at the Co web site---
---It shows the enlarged Shares in issue @237 mill
---But it only gives Large Shareholders up until 2nd Feb (Polo and Diani)---no mention of CCM who held 13.7% after the fund raise.
---If, as I suspect, CCM have sold down their holding, --they may now only have 5 mill shares or maybe even zero.
-But lets go back to the buying.
---Somebody was out, beating the drum, and has generated buying to the tune of 25--30 mill shares over a three week period.
-------HOW ?????
--What story was being given to these buyers to get that sort reaction ??----and who was spreading it.
-Now, don't get confused and think-- "this is standard placing action "---because it is not.----The placing was done @1.65p----those shares were maybe then sold back into the mkt @2p
-and all the buying of 25--30 shares has been done at the full ask of anywhere between 205 and 220-----not a placing at a discount---but buyers at the full ask.
-
-So let's be clear---All the buying (25--30 mill) has now stopped, just as the selling totalled around 25-30 mill ---this is not a co-incidence
-
-So now, here are some questions that need to be asked at the AGM
-
-1) --why have we had NO Holdings RNS to say that CCM held 30 mill shares (12.7% of CO )
-2) --Why have we had no Holdings RNS to say that CCM have disposed of their holding.
-3) --Who generated the 25--30 mill buyers---was it our broker
-4) --What was the story that they have used to generate all this buying.
-5) --If it was our broker (or the Co itself), why didn't they do that in the first place, in order to raise the £500/- as this would have only needed the issuing of about 23 mill shares and cut down on the dilution.
-
-Question (4) is the one i would really like the answer to.
-
-
That’s how I read and understood it. I may regret it but I believe W2NCY that it’s all in hand but would be lying if I said I wasn’t nervous we will be screwed by Tang. The poster Phulbari, who seems to have totally dropped off the radar, also said he has been in contact with the company and was told nothing underhand was going on…he has been nothing but factual in the 15 yrs I’ve been in and out.
Sharebare2 - "After today if we do not have any NEDS to replace him…the NOMAD will leave, we will then be suspended that is the fact." Wrong, this is not "the fact" Read what the AGM Notice to get the correct facts!
Sharebare2 - you're implying that if we do not have news of NED's being appointed today then the Nomad will leave immediately. Where does it say this please?
Usually about 2 hours but there is a lot to discuss in this one and I would anticipate a lot of questions so could rumble on , I don’t think there is a set time
Anyone know roughly how AGM will last please ??
The nomads will be involved with the process of recruiting new Ned’s which is not a 2 minute process, if they are completing there due diligence and are happy there will be a imminent resolution they might decide not to resign pending the completion of the process, also let’s make it clear a suspension, which we had last month is not a delisting, according to the gcm website last time I looked Kieth fuller had 1.8 million shares so you can be sure he’s doing everything in his power not to delist , I expect the nomad situation to be resolved even if it’s after the AGM ,
Sensational is having titles with SUSPENSION written in them wise one…someone did that not long ago. Lol
What ?? Who’s being sensationalist lol
You turn up here out the blue recently (I’ve been here for years) and act like you know it all.
Today is Christian’s last day
After today if we do not have any NEDS to replace him…the NOMAD will leave, we will then be suspended that is the fact.
We then have a further month to find NEDs otherwise it’s
Game Over - delisted.
I’m not here to deramp…. The share price has been flat for weeks …
Make me wonder why he try to be so sensationalist (and misleading) in post! 😏
Agreed - some people do not like to read RNSs properly LOL!
🦉
Just to clarify, the Company’s Nomad states in the AGM notice that if CTW leaves the Board (he has) then if the Company does not appoint a number of NED’s IN THE SHORT TERM (my caps) then the Nomad is likely to resign…… and if the Company does not have a Nomad then it will be suspended. So I don’t think the announcement of new NEDs has to be made tomorrow…. or else….. rather it has to be made in the short term (whatever that means!)
Tomorrow is Christian’s last day …. Who’s signing his farewell leaving Card ? Who’s going to the pub at lunch time to celebrate .. .. and more importantly is the person who’s taking his place (Ned’s) going to be announced tomorow …. If not we will be suspended ON 29th !
If we get suspended … will the AGM still go ahead? Do they even have to as GCM will be a delisted company ?
Was the timing of the AGM on purpose ???
The announcement of the NED has to be done by RNS and NOT at the AGM…. So tomorrow is the day
Who knows …. No one !
Good luck for tomorow everyone … me included lol
........oh very dear me - someone ought to go back to college and study Maths & Economics.
What a load of old tosh, does he think that all the banks and commodity traders in the world conduct business like him - by guesswork...
Then we have the Adani scam aka 'how to get tucked up in SE Asia and ripped off big time'.
Back to the cliches for Thurs - hope for the best and prepare for the worst'. Can't help but think the price hike data was perfectly timed to put the fear of ....up them. ......fighting in the streets and then oust the government....... maybe.
With a x50, x100, x200 (whatever it is) upside I'm okay with keeping my position!
🦉