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Placing 2.5p £500,000 raised .
I managed to top up by buying on the market at 2.5p. Once again this is showing on recent trade data as a sell.
Frustrating over reaction on the SP but they must have had a hard time flogging half a mil. I've bought £2k more but the saying goes 'don't throw good money after bad'. Glutton for punishment :(
i'm not investing any more in any of tang's ventures. twice bitten.....
i do wonder who the "new institutional and professional investors" are and whether any of them are aware of tang's historical treatment of shareholders of polo and gcm. he's a class a ****. why would anyone go near him? is he likely to treat "new institutional and professional investors" any better than us private investors? are they "new" because no "existing" investor is willing to fund him any longer?
my only solace is thinking/hoping tang has lost much more than i have in these failed ventures, even after milking them for his director's fees etc.
Bought back the sale on 6th , one week on.
At the 2.5p placing price.
Polo has disappeared it seems. Why anyone would buy this dawg after that I dont know. Maybe ask Tang where the money is? His investment in this was always a disaster.
5 months on buying at the 2.5p placing a big mistake .
1p now down another 10% today spread over 11%.
Just waiting on a few bad investments to rise from the dead , must be a lot of investors who's life has not lasted the wait .
AIM truly is one murky mudder!
GCM may just about be breathing on life support but where there is life there is hope 🙏
Best outcome for the company would be too attempt to sell the license to Powerchina if they are still interested in the project.
I think a big problem is that the Bangla Government don't want GCM to be involved in the project.
Maybe an even better solution, would be to sell the licence to Petrobangla (the GOB body), and let them do a JV with Power China to develop it.
-That way Bangladesh has the coal back in house, and they won't need to be paying any foreign company, (even Chinese), for their own coal.
-
-Mine your own coal----no import costs ---no drain on FX-----supply constant fuel to Rampal, Payra, Barra, and the others and no more down time at those plants and therefore no more Capacity Charges.
-
-Even though the world is against the use of coal----this is NOT new usage, --just replacing imported coal for home produce----the CO2 output is the same ---or maybe even less as Phulbari coal is better quality.
-
-So yes Stokes, i fully agree----GCM is not a Bangladesh company, and would still need paying for the coal-- that could well be the major problem here, and why we have never been given the GL.
Hypothetically what share price would we get if we sold the license ?
Can we sell half of it if not all
This was 0.9p for the last week ( was new low )
Up 57% today it is the top of the stocks now... *1.8p , and no news.
Nearly back to my placing price last top up at 2.5p.
Hindsight shows I should of gambled even more , good luck and well done to any who did .
1p when I posted on 17th , 13 days ago.
Showing up 52% today 14% spread. the ask is the same as June 2023 placing price of 2.5p.
Looks on chart that it fell back Friday 1st December to 1.55p.
Out and about much more this last 8 months maybe just as well not looking every day .
I own 4 of the top 5 risers shown here today I hope many weeds will now flower .
Hopefully it has been hedge funds , wealthy trades bucking the AIM market last few years .
Maybe you can not buck even the AIM market forever .
Showing up 58% today 8% spread. the ask is 2.8p. now above June 2023 placing price of 2.5p.
Can not see any news .
It had dropped back to 1.65p yesterday .
Did anyone post a buy ?
People begin to position for what very much look like will be the year for GCM.
This is illiquid stock so if you even manage to get shares you have been fortunate.
Upside work out for yourself or you will think exaggeration am sure. Maybe someone else will like to post on this.
You have choice to wait for full developments to take place.
Focus on investment 🦉
Missed this news 28 December 2023.
GCM Resources shares to be suspended following audit delay.
They still are suspended.
( D ) Allowing me to place buy and sell order today !!
Down 30% on this news today.
GCM Resources PLC on Friday said that Chair Christian Taylor-Wilkinson will resign from his role at the end of the month, after the company's largest shareholder proposed to remove him from the board of directors.
GCM Resources shares fell 29% to 1.98 pence each on Friday afternoon in London.
The London-based mining and energy company said it has started the process of appointing a new chair, as Taylor-Wilkinson's resignation will take effect on February 28.
Last week Wednesday, GCM Resources said that its largest shareholder, Polo Investments Ltd, which holds a stake of just under 21%, requested that Taylor-Wilkinson be removed from GCM Resources's board.
All the talk of delisting...
Was there not a plan to list on the Dhaka stock exchange so the locals could invest also?
The problem stares us in the face.
As each day goes by without any new NEDs appointed the closer we get to being delisted...and, as each day goes by, us shareholders will get more and more twitchy and we will be thinking 'do I sell now whilst I can get something for my shares or do I risk waiting until the very last moment and then being told I have lost everything'
Oh well, let's see what next week brings...my guess is it will now be deadly silent.
Gla
They were already looking for an NED as per recent update. More than likely already had someone stepping in after agm, hopefully it’s a case of just pushing his start date back.
If you need the cash, then sell…same with any share. Don’t do it because it’s now more ‘riskier’ than ever…because it’s also now more ‘lucrative’ than ever if you’re looking at it glass half full. Let me explain why:
- decimated share price
- end date in sight (7 weeks, not 7 years)
- every macroeconomic factor in our favour (inflation, gdp, production and employment)
- a power house in Power China as a partner
- someone new investing £500,000 only last week
- lobbying the govt for last 12 months
- crumbing Taka (local currency)
- govt involvement in the project (sweetens the deal)
- coal to be used in country and not sold abroad
Just think logically for a second, why drag this out if they wanted to take down the listing. Polo have given us 3.2m (accruing interest at 15% a year), ‘Tang is a greedy so and so he’s on 300k a year’…but has deferred wages for 3 years and hasn’t been paid anything (owed 800k). They could have taken this private a whole number of ways years ago but didn’t, instead have invested time and and own money into getting approval and we’re now at the end game and you’re thinking of walking away……..
If you want my advice, the saying that comes to mind is ‘buy when others are fearful’
Up 70% today on RNS... 3% spread.
Topping at 3.9p at 2.30pm.
Nearly back to the spike last June 2023 to 4.5p
Placing two days after that last spike at 2.5p
That did not look good by November the low 0.9p.
The AIM casino .
Sad news today.
At least 44 killed and 40 injured in building fire in Dhaka, Bangladesh
Authorities said a petroleum gas tank in a restaurant in the building first caused the fire, which quickly spread.
A fire broke out in a seven-story building in Dhaka, the capital of Bangladesh, killing at least 44 people and injuring 40 others. The injured are in critical condition.
The incident occurred at nearly 10 o'clock last night. The authorities said that a petroleum gas tank in a restaurant in the building first caused the fire. The fire quickly spread upwards and many people were trapped. It took two hours for the fire fighters to control the fire. Some firefighters said that there are restaurants on almost every floor of the building, and these restaurants use LPG tanks.
The Bangladesh government has ordered a thorough investigation into the cause of the fire.
Sold two past top ups today for 4p.
They were 14/6/23 bought for 2.5p & 17/2/23 bought for 3.8p .
My last sale was 6/6/23 for 3.9p bought 25/4/23 for 2.9p
Holding back to 11/11/22 level .
I Was glad I sold last time with hindsight .
Wish I had missed the rise Monday , dipped a little Tuesday , finished the week with a Friday afternoon 56% one day rise , to 6.8p .
My bep 10.2886 might not lose on this one.
WiseOwlSpeak was wise to hold all so far.
14/11/23 they were 0.9p the low stayed there until 27th