Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Lovely opportunity ahead of the weekend
MM need buyers and sellers to create a market
Alfred
I personally believe makers bit of market makers allows them to do exactly that
Make the market I.e. set the prices....
Market Makers don’t control the price of a share ! The market does! As long as they make their margin that’s all they care about !
25p, 50p...? Who knows Mr InvesringGenius.
Think it obvious will be a Massive & Immediate re-rate and all indications are for the two points
a) Project Submission "shortly" as officially communicated vis RNS 11th January
b) Critucal Necessity / Acceptance of proposal (with some discussion on details) - "Approval assured, although there may be several iterations involved to clarify ahead of Approval" - RNS 28th March
Also almost certain this will be brought up at Sunday Meeting for reasons given.
🦉
Think, and could be wrong but there is forward selling. The fact that the SP hasn't dipped into the 6's or close to PP is a good omen that MM's also want to keep it at this range, i.e 7-9p and allow profit taking from the 30+M subscription shares as they too will want to make a profit albeit they would be happy with 5-10% easy and quick returns I'm sure.
TBH - it simply allows for an opportunity to get more of these at a relatively decent price when considering the SP almost touched 13p few weeks ago.
These trades and transactions are irrelevant on the grand scheme of things as the ONLY thing that matters now is if we are going to have some or any news of proposal submission and or acceptance.
Have to think will be some buyers today and tomorrow ahead of this
Could be trading at 25p+ next week
Header say all and no interest in "fundraise shenanigans" discussion - prefer real Operational focus!
- We understand Economic Crisis that relates to Energy & Foreign Exchange Critical position
- We see Multiple media coverage from major credible outlets on this subject
- We hear statements from Energy Minister himself
- Two Way discussions between Govt agencies / GCM confirm this
- PowerChina AND Major Domestic Energy Suppliers involved with GCM now
Power China / GCM expected to submit Project Proposal "SHORTLY" once Govt settle in place - this Energy Meeting look like it & will certainly discuss Critical Energy situation (and solutions).
PowerChina have STRONG Govt contacts & track record of infrastructure development / employment in Bangladesh - and they rapidly move to CONTRACT basus before this Project Submission "shortly".
- Environmental Impact & Local support addressed!
We can get lost in "trading shenanigans" or other such chit chat but main focus is CLEAR & STRONG for investors here - those NOT holding seem to be ones most stress because of Staggering potential Upside here.
*For note - last time we had placing shares enter market or Warrants exercised - Share Price Push up Strongly afterwards. Tells me lot are looking at bigger picture developing & shares are getting tighter held.
This is most exciting & biggest upside stick BY FAR anywhere on Aim!
Buy hold or sell - my strategy is Accumulation (like my other oil stock).
Research & Rational thinking beyond BB chit chat help alot! 🦉
Yes hoping the P word is reported as a major discussion point at the energy meeting Suday
One thing for sure TANG was not lying when he said "there's plenty of interest in gcm at the moment" hence the £2m raised recently
BLU
It would be great if no placing ever got forward sold
The reality is every placing seems to
Honesty and integrity are not part of these markets despite what is claimed
Given the timings and volume though, the odds that it is not in some way connected seems low. But who knows
This 4.5m trade took place on the 16th April
The shares Axis have taken don't come to the market till about 19th April according to the RNS released on the 16th April
I come back to the board after thinking about the 4.5m and see this thread. I was thinking the 4.5m might be an Axis transfer to the client/retail arm as retail investors have taken them by surprise and they are scared of losing control of the mates rates range they are keeping prior to approval. Would explain the good price they were taken at. I know it is all opaque but Tang's best interests are in GCM remaining as the management company and that requires greasing the wheels by possibly the only way available and that encourages me.
Bangladesh gets 13 times more electricity from coal than from green energy sources!!
“It Is often reported that emerging industrial powers like China, India, Indonesia and Bangladesh are getting more power from solar and wind. But these countries get much more additional power from coal. Last year, China got more additional power from coal than it did from solar and wind. India got three times more electricity from coal than from green energy sources, Bangladesh 13 times more and Indonesia an astonishing 90 times more. If solar and wind really were cheaper, why would these countries not use them? Because reliability matters.”
https://ca.finance.yahoo.com/news/bjorn-lomborg-why-solar-wind-100053561.html
coal is a return to the real world!
“we have never used more coal and demand has gone up again in the past year. but we are planning and opening more mines than ever before, led of course by china.
china, along with a long list of players from greece to vietnam to ****stan to korea, “bangladesh” and japan are all opening mines. ”
https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/opinion/mikes-minute-coal-is-a-return-to-the-real-world/
😂😂😂 Professional, your posts really are class, I think I’ll join the many others that have already done so and put you on filter!!
I certainly won’t be missing anything important 🙄
These guys trade ofcourse for a profit. But that is different from trade all shares for a profit.... it would not be the first time if they sell last part below placing price.
Could be different reasons for it...lets see
The subscription share s issued ends in 230 so does the 4.5 million
Link to page
https://www.gcmplc.com/sites/gcm-resources/files/2024-01/GCM_Resources_ARA_2023_Final_Glossy.pdf
Search gcm resources clear capital and it will take you to the gcm webdite and the annual report so it will be in there, its 69 pages long snd i’m jet lagged and going to sleep so u will need to do it yourselves, plus from memory it was mentioned at the agm during or after
Redeyemines apologies!
Pappi I'm almost certain CCM were never mentioned in the RNS, only Allenby Capital. Can RNSs even be altered afterwards? Allenby had the warrants also. CCM were only mentioned on this bb, as i remember thinking how would he know that unless privy to that information? If you check post history it might be more clear.
With regards developments this week, I alway thought the sp would drop back to the fundraise price. That said if Axis are looking to flip the shares they will be looking to do it at above 6.5p or else they will be losing money. Its a lot of shares and I'd think that they already have the buyers who are looking for a medium/long term hold to project approval. I wouldnt anticipate a price drop. Indeed we still have the other buyer, quite likely outside the circle of Tang, who is still buying 100k blocks numerous times a day and now after that 4.5m trade is done the 100k buying should send sp upwards.
For sure the next few days will be eventful!
Good sleuthing Redeye 👍
Makes perfect sense. I had completely forgotten about the similar activity after the last fund raise.
The long and short of it is, us PI's may be able to pile in at a lower share price!
Beautiful.
GCM - The share that keeps on giving ;-)
Appreciate the insight Redeye.