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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
What you on about ripley?
Ripley, did you miss the boat?
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.
Lifesgoody - ''Ripley, did you miss the boat?''
Short answer - YES 🤣
'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.
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
Where is the 7.65?
Answer = nowhere
It was nowhere near that when you wrote that so why write it.
Not exactly the talented Mr Ripley are you?
Have you seen how well this held up today.
Move on Ripley move on.
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.
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!!
Second only to 88e GCM Resources (GCM) 813 chat posts last 7 days here.
39 trades to 9.30am today.
Spread 3.37% down 1%
Dreaming about this share last night .
17 trades to 9.30am today , 19 posts .
Spread 3.7% down 1.79%
Topped up today at the placing price 6.5p which puts to bed those saying difficult to buy .
My main broker often blocks buying on AIM shares imposing internal limits on how many they hold in total .
Bought half the tranche back I sold for 4p on the 5th March , never bought a share back higher before .
Seems a wile since I turned down a sell near 10p on 11th but only 19 days.
Interesting post from Stas20 on 88e board .
Apples to rampers as well
15 Apr 2024 at 18:39
All the derampers
Anyone who thinks bulletin boards do not have bearing on shareholders needs to read more. In particularly those of nervous disposition who may not have not been investing / trading long, or that might be a little undecided in their purchase or, who admittedly, have not done as much research as perhaps they should, oh yes these people can be swung by the influence of others you don't have to convince the bigger fish, enough little ones in illiquid stock is often enough.
You should realise that bulletin boards are in effect, for the shorter's in particular, the PI's Carson block report. You need to learn a lot more about thought psychology, in fact its pretty hard to convince someone to buy, but its far far easier to convince someone to sell, indeed it is all part and parcel of why winners often sell out too soon and never realise the big gains of some risers and yet many, indeed most will hold far longer than perhaps they should, you can read the psychology of trading in many places, but interestingly people are often more fearful of losing gains than they are of racking up losses! Bulletin boards do hold influence and as such it stands to reason that if they hold influence over investors then ergo they hold influence over prices.
Bought the second half of the sale 5th March back for an even cheaper 6p today.
This site has it down 11.% spread 9%.
No rush to buy last week cheaper today .
Spread still around 9%
Bought a double tranche in ISA 5.35p
Company looking smart now with the end of April 6.5p placing .
To much in now .