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Thanks for the answer.I struggle to understand then why the chinese don’t just buy us out now while we are incredibly cheap ! Any comments as to why not?
That is interesting Professional.
When I have been brought inside on placings I am read the standard warning that it is illegal to deal in the share in question
Jamess is here airing his frustration from asos holding, down another 3% - he bought in @ over 900p and is drowning. Thank you for the laughs as usual…you never disappoint jamess!!
Can all you silly billys post on a different thread .
At least I can see eight posters to ignore is my only gain here today.
I don't normally reply to crack smokers, but on this occasion I will.
Jamesss, accept it, You've been rumbled. We are all here to make money agreed?
But I think you are a little bit deluded and too immature to be spending money on stocks and shares.
I wish you the very best. :-)
Tbf Jamesss, none of know the reason. It will only become clear in hindsight. I just go by the cold hard facts in RNSs and try and avoid the noise.
Overall I’m happy we now have 16 months of funding at not an awful placing discount. Only time will tell!
'Didn't you miss out on £100k order at 3pence Jimbob?'
Lol he didn't really miss out Lifesgoody as he claimed he placed the order for 3p when gcm was 9p.
Of course, he never actually placed the order, he was just trying to spread doubt and mislead gcm shareholders. However just like on all his other investments, he failed miserably and called it wrong. :)
Jamesss @ 19:53 - ''LG you are indeed thick''
jamesss, where you looking yourself in the mirror when you said that?
You've been nothing but thick from the go.
Depends on what % is retained in the proposal submitted soon .
i doubt it will be 100 % GP
but even i can see at 25% of the project retained that will be well ove 1.50
Didn't you miss out on £100k order at 3pence Jimbob?
Looking at the other shares you are invested in, I don't think you're in a position or indeed qualified to give individuals financial advice. Lol
Ha ha ha ha what boat has left guys?
Sitting at 8p and what?
There's a boat incoming with a shed load of extra shares.
Why would Tang issue shares days before the supposed announcement and diddle himself?
Why?
Not exactly the talented Mr Ripley are you?
Have you seen how well this held up today.
Move on Ripley move on.
Where is the 7.65?
Answer = nowhere
It was nowhere near that when you wrote that so why write it.
Like other lth I’m more confident than ever. Chuffed that we actually may make a return! Talk about getting rich slowly!! Bought £6k Monday 8.1p then saw us open up with rns at 7p. Ffs. Although not really that bothered - would have been nice to grab more shares but it didn’t happen. If people are lucky enough to join the party recently, welcome and best of luck.
How can we hold 100% if the chinese are injecting a billion dollars i heard into the project?
100% of the mine.
Yeah, you derampers were spot on.
We are all devastated that the planned fund raise for May has actually come early & secured us a further £2mil in working capital. Enough for another 16 months. What a nightmare 😂😂
Great day folks, SP held up well above the placing price says it all. Investor confidence 👍
Ignore the noise
Excuse the predictive text typo.What percentage do we hold i meant of the project?
What’s the likely price on approval anyone sheets percentage do we hold of the project given the huge injection by the chinese?
'Not the news the rampers wanted , the derampers correct as of today.'
The derampers correct? Never have been and never will be!
For long term holders it's been a great day - the £2m fundraise is done and is now out of the way, gcm's solvency is secured for 16 months at a price far above the last fundraise. And the price held up as a huge volume of shares were bought. We've just had £2m investment from investors who believe in the project. It's been a good day all round! And the big Bangla energy meeting at the weekend. Things are looking great from our end Ripley.
Lifesgoody - ''Ripley, did you miss the boat?''
Short answer - YES 🤣
This is more like it at 17:35 pm on tuesday evening 😊
Closed at 8.13p despite a placing at 6.5p with just under 9M traded of which very likely over 8M were buys (probably more) or thereabouts.
Firstly it shows massive confidence after a placing and secondly it reassures us that from all the provided verifiable information that things are coming together now more so than ever before.
Ripley, did you miss the boat?
What you on about ripley?
Not the news the rampers wanted , the derampers correct as of today.
Typical AIM share .
I never give thoughts usually just post trades.
Placing 6.5p
GCM Resources raises GBP2.0 million via direct subscription
(Alliance News) - GCM Resources PLC on Tuesday said that it has raised GBP2.0 million via a subscription of 30.8 million shares at 6.5 pence each.
GCM is a mining company focused on the Phulbari coal and power project in Bangladesh.
The subscription price represents a discount of 25% to the closing price of 8.63p for GCM's shares on Monday. The issue will represent 11% of the company's enlarged issued share capital.
According to GCM, the net proceeds will be used for working capital purposes, in order to progress the Phulbari coal and power project through the next 16 months.
"I am delighted with the support from the London Market, which comes at a time when we are increasingly more confident that the Government of Bangladesh is receptive to the advantages of domestic energy production; our focus and main effort now is to secure the consent to develop the Phulbari Coal and Power Project, which we are well placed to develop alongside our global energy infrastructure partners, Power China," said Chief Executive Officer Michael Tang.
GCM shares were trading 11% lower at 7.65 pence each in London on Tuesday afternoon. The firm has a market cap of GBP18.8 million.
By Holly Beveridge, Alliance News reporter