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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.
No===== Nbof---i'm not expecting a drop in the SP at all ---rather think it will be held in the 7.5--9 p range until at least 25 of the 30 mill has changed hands----after that-----we are as we were
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-In Hasina's hands
Good post redeyes … and explains really well what happened at the last fundraiser as we discussed many times, and what’s probably happening now..
the positive is that they obviously want to make profit on their investment, so they are not going to take the price down further, and once they had finished the SP rose dramatically, as you have said in your post …
So a few more days at around the price we are, or above and then we move on up …. I think I can handle that!!
Redeyemines - thank you for a wonderful insight and information.
So, the long and short of it is?
Very good redeyemines. So the long and short of it (assuming you are correct) is that we might see some whacking of the SP over the next week based on this, bad news of course.
Interesting stuff
Yes I thought they were YKIT----i didn't make it up ---i'm sur it was in the RNS's ---but its not there now---or have I got t wrong ?
Redeyemines were CCM ever mentioned by gcm? They were mentioned on this bb but I could never find confirmation at the time, only Allenby Capital were ever named in company RNSs.
===just to focus you on some of the finer points
----If im right
--Some of these shares are being fed to mmks and so on to traders ---maybe aose 100/- ---200/- that we are seeing
----also we should expect to see larger "lumps" changing hands (the 4.5 mill is a classic example) as they (ACM) find " clients to take larger positions.
0So to sort pout an argument the 4.5n mill is probably both a buy and a sale, and i'd expect to see more like this in the coming days
0
-As i say----what the volumes
Redeye good post
First research i have seen here
Is there any need to be so supercilious P?
If you have something worthwhile to contribute then I'm sure you'll find most would be receptive, even if it counters their belief that their investment in GCM which demands a positive outcome for the Phulbari project to realise a multibagger gain.
Incessantly following a poster around the message boards countering anything they say with snide comments is at the very least extremely infantile and could be argued as being obsessional. Every time I see your grandiose narcissistic remarks it reminds me of Ricky Gervais line from the Golden Globes, 'accept your little reward, thank your agent and your God and Foxtrot Oscar'.
-Shares will be admitted on about the 19th so will AXIS C M appear as a large share holder list and will any drop in holding also be RNS'd---or will ACM disappear the same way CCM has ?
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-I have tried to speak to he co on this but am getting no reply.
---- I want to take a close look at this latest fund raise, and I think it may be important to look at the previous one first and see if there are any similarities.
---- When i looked at the FR in Jan, the first thing that stood out, was that it was not a placing, but rather it was a Subscription----a difference just in wording ?---no, in my opinion it was more of a money lending exercise from an outfit called Clear Capital Management.
-On paper it looked like they had BOUGHT 30,3 mill shares at 1.65p for £500/-, but did they.?
-They NEVER appeared on the large shareholder list, even though it looked like they had "bought" 12.5% of the company----so what really happened ?
-Well my guess (and this really is just my opinion) is that CCM lent GCM £500/- in exchange for 30.3 mill shares, which CCM then sold on to "clients" and into the mkt,( at anywhere between 1.9p and 2.2p), in order to recoup their outlay.----I was tallying the sales all along, and sure enough, when those sales totalled £500/- , the selling stopped and the SP moved up all the way from 2.2p tp 10p
-What was in it for CCM i hear you ask----well they managed to recoup their outlay by selling around 25 mill shares, so they finished up with 5 mill shares for free (or they could have sold out completely and made £100/- or 20% profit over less than 1 month)----not bad at all.
--The shares finished up in Client (ii's ?) and our PI's hands.
----Think im wrong ?
-Then look at the large shareholders list on GCM web site---you wont find them there with that 12.5% holding---they are not there and in fact they never have been, not even from the admission date of the new shares---not a mention.
-----Now that doesn't sound right to me----but there is something even more alarming.
----Clear Capital Management seem to have been air brushed out of GCM's history all together.
-Go back on all the fund raise RNS's and you wont find one mention of CCM in any one of them-----they were there when the RNS's came out ---but they are not there now----the RNS's have been altered (don't think that is allowed , is it ?), and all mention of CCM has been removed.
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-Anyway---lets come back to this current fund raise.
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-Is it going down the same rout---my personal opinion is,--- yes it is
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-It's another Subscription, again not a placing----so i'm looking to see if we are in for the same ride.
-Will this latest 30 mill shares now be passed on to "clients" and also fed into the mkt for us PI's to consume------
--------WHATCH THE VOLUMES
-If i'm right then we have to start adding up the large sales volume again-----with the sp static i'm assuming 59% of daily turnover is sales and 50% is buys
-so at the moment i think they have shifted about 9 mill shares, and if they are following the same route as before, then they will need to sell about 25 of the 30 mill before they get their money back---should take maybe about a week----lets see.
However which way you look at it buy or sell, 4.5M shares were absorbed into 1 transaction, that in itself bodes very well indeed.
Comedy gold:
Probably part of forward selling and we expect some which counter well with demand also
Whahahaha good one wos .
LoL these guys ;)
The trade is from yesterday could have been a buy or sell??
Definitely explains why this has been dragged down.
Hey ho. All these shenanigans will be irrelevant once approval is officially given.
So add little sense to that!
Probably part of forward selling and we expect some which counter well with demand also.
As Mr Pappiklon say - every seller with buyer etc
Does not mean in ANY way all (like some people try to say) new shares will be sold.
This is why I bring price movement up after previous placing and also recent Warrant exercise - Share price went UP!
Now sensible approach to price move we can expect combine this with Company / PowerChina Project submission and Govt Energy / Economic position.
This is why levels to BB discussion and THANK YOU again to usual sensible ones!
🦉
16-Apr-24 16:42:48 7.60 4,544,230 345.36k
Quality buy, price movement very strange today and now we can see why.
Good Night all!
Surely it's Axis Capital forward selling part of its 30,769,230 shares? Another 6 amounts like this and they're cleared if their clients are indeed offloading all of their holding.
Don't laugh.
But I reckon that 4.5m was Jamesssss buy!
Lol
That is not a PI. That is an II
Definitely holding back the price. I can’t think of many reasons why people will sell now?!?! Baffles me. I’m loaded up and happy
Must have been that what was holding the sp down. Should fly tomorrow once the 100k buyer gets going again.
Someone bought it and someone sold it