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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!
🦉
Everything is a big IF at the moment. Tang had a great chance to appease the market after getting rid of Christian by simply putting up the remaining 350,000 quid for the company or at the very least explaining why he hasn't done this. For whatever reason though, he chooses not too.
Can't speak for anyone else but I for one don't fancy having my shares stuck in limbo until such time as, or if ever, the GOB decide to give the go ahead to Phulbari and GCM. Yes, it finally seems as if they may be leaning toward giving it the go ahead, but it's not a certainty by any means.
“Nasrul Hamid said the exchange rate of the US dollar was estimated at Tk 70-80 a dollar while setting up the coal-fired power station, but the dollar price increased by Tk 40 per dollar. As a result, power production costs increased immensely. Besides, power tariff is adjusted based on fuel costs across the world.”
https://en.prothomalo.com/amp/story/bangladesh/btz6rrccld
“The neglected reserves of high quality coal should also be considered. A developing country cannot import fuels to sustain a growing economy beyond a certain limit.”
https://www.thedailystar.net/opinion/views/news/how-can-bangladesh-enhance-its-energy-security-3553836?amp
Biggest factor is DEMAND!
If Phulbari go ahead given in GoB New Plan AND shares are OTC then Buyer Demand will be massive and your broker will probably be approach directly for stock.
I had this with stock where broker did contact me to sell all my holding. Usually you ask broker and they try to match with buyer but Supply v Demand will see brokers approach imo.
BUT this is only if OTC happen - I do not think this will be case as very different from POLO and Capital Mkt access / Listing will be big advantage.
This is why I see major price re-rate & Limited Supply / High Demand situation in coming few days with NED appointment RNS imo.
🦉
In the hopefully unlikely event that we do actually delist, has anyone any direct experience of OTC trading?
I post POWECHINA recently received Award from Bangladesh Govt and probably part of PR move for acceoyabke link to announcing Phulbari develoment.
Also we see Bangladesh is one of "core markets in its global business scope".
"In Bangladesh, POWERCHINA has completed 20 projects and 24 Projects are ongoing"
"POWERCHINA is a contributor to promoting Bangladesh's Economic Growth and social security and played an important role in enhancing the livelihood & life standard of the local people, strengthening the cooperation between Bangladesh and China"
"As of today, POWERCHINA has provided 14,568 job positions through projects in Bangladesh"
Source: en.powerchina.cn/2022-10/c_818524.htm
Think everyone can see how influential Power China is in country and at the top Govt level - it is GCMs partner and has renewed its agreement with the company.
The reasons will be based on much better Intel then we shareholders have but key is in the statement of discussions between parties and the New Energy Plan about to be reveal.
The background Economic situation backs this up - there is NO alternative!
Clever ones are accumulating I think - make your own investment decisions!
🦉
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.🙄