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I look at all background factors which help me to understand Obvious & Inevitable position of Bangladesh Govt for Phulbari approval - this should open up Staggering Multiple Upside and not just X5 or X10 on the share price (I think this use fair conclusion).
- Bangladesh cannot survive with current Economic / Energy policy! This is accepted Fact!
- Foreign Currency reserves critical
- Industrial infrastructure breaking down and we hear about export Industry closures (which brings in foreign currency) like Textile Insustry.
This is why I expect GoB 'New Energy Plan' will give go ahead for domestic coal production at Phulbari.
Current two way discussion already suggest this & GoB JV with GCM on Solar Park link to this (Source: 29th Jan RNS).
This will initiate spectacular price rise here & couple with low stock availability.
Shagged, I have no idea who 🙄 but someone has bought them whether one person or a few smaller trades, and are already up … So imo is a nice trade!!
At that price Friday, most likely an offset Sell feeding MM's to fill lots of smaller buys, without killing the price. 🤔
Moved a little bit freer today vice Friday, so perhaps last of our overhang cleared, will soon find out in the morning, more of the same ticking up through the day.🤔 GLALTH.
Not a bad trade for who and how do you know?
Delayed trade from the 23rd Feb …. 1.75 Million shares £35K
Not a bad trade ;)
23-Feb-24 10:35:53 2.00 1,750,000 Unknown* 35.00k
Change 0.125 (5.88%)
Volume 1,352,057
Market cap £5.35m
Multiple projects worth $ billions each.... 😉
if back on track.🙄
👍
And a dam fine finish to the session, pre close auction 1630-1635 spat out a UT for 2.25p
should keep climbing in the morning. 🤔
26-Feb-24 16:35:22 2.25p UT
Think I DEFINATELY prefer Holding to Not Holding - Upside is too staggering not to be involved!
🦉
That's GCM - running the process right up to the wire. I am reasonably happy with the situation but anybody can write an RNS and scupper the whole restructuring deal.
2 No, NED's approved will add a lot of credibility, but will that actually happen or will it be 'Unfortunately, I am disappointed etc....blah, blah, blah
Somebody knows the state of play to use a cricket metaphor but I'm not sure they are convinced' we should be nearer 5p not two,
Shares in Issue 237.83m
Change 0.10 (4.71%)
Volume 962,364
Bring on those 10-25%+ of share base days🤗😋
Sharebare2, in the RNS on the 2nd Feb, we were told that .......
"The Company is currently in the process of seeking to recruit two new Independent Non-Executive Directors ("NEDs"), including a Non-Executive Chairman."
This is obviously not a two minute process and takes time to complete, I am sure that the Nomads would be involved in the DD process, which is why i am personally confident that the positions will be filled to the Nomads satisfaction ...
I am sure that the buyers of the recent 500K probably feel the same.....
On rns news wire, the message is an RNA and not all RNA's originate on the rns but like all good wires, picks up the rest and relays them, which is why the logged is an utter myth, speak to a nomad, only two releases, Immediate (now) or embargoed, if the latter, it will state so at the top of the RNA Message text and the reason why. 😉
Strange the real LSE now gives them credit, since an upgrade a year or so ago, previously claimed all under rns, still origin sources BZY BUS PRN GNW EQN EQS at least still around and all non company Research/Broker notes etc , given a REACH designator.
Evolved over time, we all now call for the machine and not the document, NASDAQ , ASX , CSE , etc all are RNA
Regulatory News Announcements on various own market platforms. 😉
Back to GCM , still ticking on low volumes, come on Mr Market/Herd join the party early for a change.😂
‘If such additions to the board are not made to WH Ireland's satisfaction’
A LOT of ambiguity with this, not open and shut as you think. That’s how these things work, it’s better for us a strongly worded statement was put out and outside of this we’ve spoken in depths about for and against arguments.
Apologies for typo Mr SHAREBARE
Mr Shatebare
Very right to point this out and something I was explaining to other poster when he have tantrum on BB when I do same.
This is in RNS and exactly as say for one who want to check.
My approchbto investment is bit different and for very clear reason - I EXPECT THE GoB 'NEW PLAN' (reveal soon)TO GIVE GO AHEAD FOR PHULBARI.
If GCM was excluded from AIM fur any reason we would STILL OWN THE STOCK and it would still be in VERY HIGH DEMAND on the OTC market which is not usual case.
At these prices for entry it is a very easy Investment decision (for me). This is even without 2nd Feb RNS where they confirm NED recruitment process.
NED confirmation RNS and expect stock will be very hard to secure & at a Re-rates price.
Gosh this is going to the wire init....
Reading back the RNS - Christian leaves on Feb28th
If we don't have the NEDS announced by this WEDS... the Nomad will leave with immediate effect...
GCM will Firstly be SUSPENDED... and then have a further 28 days to find the NEDS .... otherwise we are then formally DELISTED.
I guess we will also need to find new Nomads too? or will our old one come back? - anyone know ???
Quote from that RNS below:
"WH Ireland, the Company's Nominated Adviser ("Nomad"), has advised that if such a circumstance occurs the Company would therefore have to add a number of independent non-executive directors to the board in the short term. If such additions to the board are not made to WH Ireland's satisfaction , it is highly likely that the WH Ireland would tender its resignation with immediate effect.
Pursuant to Rule 1 of the AIM Rules for Companies, if a company ceases to have a Nomad the Exchange will suspend trading in its AIM securities with immediate effect. If a new Nomad is not appointed within one month of the date of resignation of the original Nomad, this will result in the Company's ordinary shares being delisted from AIM and the Company's admission to AIM being cancelled."
Bythesea1973, like all of us I would like to think that we will get the news of the appointments of the new NED's and Chairman, hopefully this week, if not next week at the latest. I guess if we have not had an RNS by Thursday, we will get an idea of how the appointments are going at the AGM just through shareholders questions to the board, BUT I do know that they can't keep the news back just to save it just to announce at the AGM so I guess we should expect it at any time, either before or after....
Hope that helps
Hi Searcher. Do you think the NEDs and Chairman will be announced at/just before the AGM?
With the overhang clear double those price estimates!
Whoever is right it should be multiple of present anyway!
For what it’s worth here is how i see things playing out.
Current SP 2.1p
Confirmation of NED appt this week/next week with mention of plan being put forward to govt Q1 as stated last month will see a SP of 6p
Towards the end of March in anticipation of getting approval pre confirmation 12p
If no NED announced by next week then we drop back to 1.7p and suspension until one is found, which they will and above scenario plays out again.
If approved which it feels like now is our time, then sky is the limit, literally…early retirements.
Trading is obviously slower today, but with buying at 2.20 it looks like we are slowing moving north now, ...
No ramp intended, but as we move towards Thursday for confirmation of the new NED's and Chairman it looks like this could be the last time that we are able to buy at these levels ;)
Dummies for small, medium and large all ticked up again on small volume today, primed for a major bounce, on news and hearing the herd have heard GCM one to watch 😉
Will it be days of yore and a good old fashioned , GCM master blaster , vertical take off and multi bags inside 30 minutes, about time he Tangoed the sp 😉😅
Thought I'd repost my gen. info about the AGM being held this coming Thursday. For those attending you can fill in a voting form on the Resolutions at the AGM - if you have already sent in a Form of Proxy this will stand (as long as it is received by Link Group by tomorrow) unless you fill in a voting form at the AGM in which case it will be voided. Please note that if your shares are held in a Nominee a/c then you have to have a Letter of Representation to attend the AGM.
'Just to remind everyone that the Company's AGM is on Thursday 29 Feb at QEII Centre, Broad Sanctuary, Westminster, London, SW1P 3EE, starting at 10.00am. It is probably the most important AGM in the Company's history.
If you want to attend and your shares are held in a Nominee A/C (Barclays, HL, etc), as most PI's are, then you need to phone the holder of your shares and request a Letter of Representation....as time is now short then it's best to ask them to email it to you.
A Form of Proxy to vote on the resolutions can be downloaded from the Company's website .
Shareholders are asked to complete and return the Form of Proxy in accordance with the instructions printed
thereon as soon as possible, but, in any event, so as to be received by the Company’s registrars, Link
Group, PXS 1, Central Square, 29 Wellington Street, Leeds. LS1 4DL by no later than 10.00 a.m. on Tuesday
27 February 2024 whether or not they propose to be present at the 2023 Annual General Meeting.
It is important to vote for Gary Lye to be re-appointed as a Director....otherwise we'll need another NED on top of the 2 already (hopefully!) being recruited.
Hope to see a number of you there......'
...I was just listening to the retiring John Kerry banging on about climate change and how we were headed for a 4% increase in global temperatures but with countries pulling in the right direction this will hopefully be nearer 2.5% direction by the time of the next COP.
However and it's a big however, the push needs to be for renewables and solar because coming down the tracks from ASIA is 500GW of COAL FIRED ELECTRICITY which 'writes off' all the efforts made so far to reduce global warming in the region - yes our friends in China Vietnam and India are singing off a different song sheet........hahahahaha.
No wonder he is retiring, wait 'til Trump climbs on board shouting climate change is a con and a lie. Time for another luvvly jubbly celebration - is there Bangla coal produced leccy in that 500GW ??