The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
As I mentioned earlier, the very fact that we opened and were trading over the PP today was confidence by the market.
Now we are trading BUY at 7.5p which is full asking price.
What does this tell you? Market is confident.
From observation here there seems to be a misconception about these placing shares. It's highly unlikely that the whole £2m was done to one party, indeed I know of one connected individual who claims to have some of them, it follows on that if multiple parties got shares they are not all going to have the same agenda, some will want a quick profit, some will hold and sell some, others will hold. Any influential Bangladeshi parties are highly unlikely to have participated for an immediate profit, so whilst we have seen some forward selling it stands to reason that there isn't necessarily going to continue and those thinking that most of this placing will get sold into the market imho are misguided. I've relapsed on having an opinion rather than just providing news but there you go, tomorrows a new day !
Another 300k shares then, pretty irrelevant in the grand scale. £200k at this price Professional
Anyone got a crystal ball?
Couldn't resist ahead of weekend. Fancy a big move next week
How much % of the project will GCM need to give up to PowerChina when this deal goes ahead?
Anyone know?
Reading that really puts me at a loss as to why we are still under 10p, there will of been months of work and negotiations gone in to that contract, do people really believe they would of gone through the trouble ,time and expense if they didn’t believe they would get permission
Uh Oh looking like many will be left behind here when its 15p+ next week
InvestingGenius, from the RNS on the 11th March,
"The Company advises that working under the coal mine development MOU with Power Construction Corporation of China, Ltd. ("PowerChina") (refer to RNS of 28 November 2023), it has signed a contract with PowerChina International Group Limited covering mine development works of approximately US$1 billion necessary to facilitate coal extraction at the Phulbari Coal and Power Project ("the Project"). "
Polio wrong 275mln shares in issue.
Not admitted to market today means only one thing... even you guys can figure this one out ;)
Do people really think a multi billion dollar global name would waste their time signing an MOU with GCm and fronting $1b worth of investment if they didn't think it was highly likely they'd get approval
They have contacts in the government. This ain't a pie in the sky deal. This is the big boys league
Plenty are going to be kicking themselves for not loading up at these prices
funding sorted - so much potential. chill.
you know we are on to a winner when the de-rampers /****s rock up
shares in issue 245.60m
market capitalisation £17.50m
Hopefully, OPM gets a mention this Sunday. Let’s not get too excited just yet, with huge expectations for a Mon boom. If it happens, it happens. I’m in no rush to sell my holding until I get to my tgt price, which (let’s be honest) could take many weeks.
Enjoy the ride and GL
Another day of big delayed trades .
Placing shares are irrelevant, if you sell be prepared to miss out..
This is irrelevant. The stock has been sold already or they've had the ability to sell already. It may be they still holding as they know its a big pay day coming. They trade on extended settlement so this stock has already been factored into the market.
Hope everyone practicing for Monday ! Lol
Placing shares to be admitted on or around 19.4.24
The market doesn't seem to be worried, that's why we are steady and trading over the 6.5p PP.
This shows confidence from the wider market. This is being prepped for a deserving rerate next week. We saw how quick this moves from around mid 6's to almost 13p on PC 1B contract.
Now imagine what news on mining own coal will do to this SP next week?
Peo[ple going to be piling in today
BIG blue day
Excellent post Pappi.... you have to now believe that with all the recent press reports since coming back from their holidays, it seems that they really are running out of options and that mining their own coal now is becoming more and more the only option left....
That's obviously why the energy minister Nasrul Hamid has been shouting so loudly about it and discussing openly Phulbari and open pit mining....
Https://youtube.com/shorts/hqjM4wS-9iY?si=RPnI6DV0HsPq3auR
Getting the move right for Monday Open
The Japanese invested billions into this, it was the jewel in the crown, deep sea port, supercritical technology but the Government isn't paying them for the power they have taken out of this huge investment all because they can't pay for the imported coal. I suspect one of the reasons there has been no attempt to pay is also because paying off all these energy import bills will drop their forex reserves even lower that they are already taking them under the IMF requirement of maintained reserves to get their 3rd loan tranche. They really are in dire straights and need to prove to he IMF and their creditors that they are taking positive steps for the future. If my business was deeply in the hole and I went to the bank for a loan they would want to see what I was going to do to fix the problem before even considering lending, There is only one way to do that here and thats to start mining their own resources and alleviate the energy import bills anything else is like putting a sticking plaster on after a motorway pile up
https://unb.com.bd/category/Bangladesh/matarbari-power-plant-not-getting-payment-against-power-supply-to-national-grid/134113
Remember the zone we’re in boys, if you’re being offered a gifted price then rude not to take it!
Looming. Last trading day. Should get some buyers ahead of this. Especially now we are down at the lows again with cash in bank for 16 months
Great Risk v Reward
Could go anywhere today. Guessing theres still subscription shares to filter in, countered by speculation on what will be discussed on Sunday.
Short term fluctuations matter not. End game is imminent approval that will send the SP into triple figures anyway.
Everything else is just noise