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Stas if you really are thinking of investment then you have to do your own research and protect your own money.
Anyway - GCM.......
'Legal - risk that the mining lease and exploration licences are revoked. The Group continues to comply with all terms of the Contract with the Government for "Exploration and Mining of Coal in Northern Bangladesh" and is careful to ensure that all ongoing conditions of the Contract and the associated mining lease and exploration licences are met. GCM has received a recent comprehensive legal opinion that the Contract is enforceable under Bangladesh and International law.'
Stats, you're not allowed to ask questions like that here unfortunately.
May I ask one of the more knowledgeable / researched here what is GCM's position in terms of IP licensing etc.
Being such a tiny company reliant on the Chinese and with potentially a hugely valuable asset, what guarantees do GCM have that it is theirs to profit from, in most cases, the Chinese, the Indians and a plethora of powerful intermediaries would try to ensure a little outfit like GCM cannot either call the shots or take the lions share of profits - What do GCM have that ties their guarantees to the asset.
SP is creating a new support as it bounces around 6-10p the last few weeks. This and background buying/selling are reasons price is being manipulated, clear for all to see.
Within 150k worth of share trades the buy price went from 6.7 to negotiated trade at 7.5p (less than 10 grands worth of trades).
Plenty of funding options per conversations held at AGM - everyone here assumes Tang takes this up himself hence a discount, what if it’s someone Government or China affiliated taking it? Definitely won’t be a discount offered there boys…and the price will rocket!!
With us being so close to transformational news anything is possible and a strategy of being ‘in’ at the pennies while awaiting pounds feels like the right one for me!
That's 3 more 100k delayed trades this afternoon... just saying ;)
Stas agree.
Even with good news you typically see that a lot of people want to sell to take trading profit.
I just cant see anybody putting serious money in unless they can forward sell or know signature is done deal.
Forward selling will result in a placing below 3. Imho
"Stas GCM is in a totally different situation to the last fundraise at 1.65"
- I totally agree and its only this reason and what might be likely to transpire in Phulbari that I am showing an interest. However I would have to be pretty foolish to jump in now when the price is at multiples of the last raise, particularly when its a known they need another and nothing with GCM has ever moved at faster than a snails pace. However if it transpires that good news of higher funding did come in in the meantime, with each day of SP drop the potential of still making a great return, even if you have to pay a little more, is still possible, but avoids all the much higher risk of a large discounted placing putting you into a large red position.
Each to their own, I wish all good luck however you play this one.
"hold off Buying the worst case for an entry could be some GOOD NEWS" 😂😂😂
Are you SERIOUS!!
Are you aware of what "GOOD NEWS" we can expect & AFFECT ON PRICE!
Madness! LOL
🦉
Stas GCM is in a totally different situation to the last fundraise at 1.65. I would guess that was why it was only done for 500k just to get through 1st Quarter. Whilst mates rates might be at play Tang won't be giving shares away for any where near 1.65p. I was hoping we wouldn't need a fundraise before May24 but if there has to be one I don't see it at under 5p.
Professional what makes you think they will be lucky to get 3p?
TBF and open, I'm looking for an entry so selfishly obviously looking for lowest possible. I do though agree they might struggle if all the warrants continue to put pressure on the price, along with investors who will likely sell into the drop knowing they will pick up more cheaper, then you have the forward selling into a placing.
Lets see what happens but in my mind there is no risk for now, hold off buying and its likely to drop much more, worst case for an entry could be some good news or an early placing comes along, in which case, if they are fully funded then likely derisked thus no problem jumping in at that point, seems a win win to wait it out for now.
Mt Stas - this raise is expected to give company security moving into very exciting & important phase.
You talk about last raise at discount but do not see what price did soon after with MASSIVE Investor interest - what do you think will happen this time? Price did not go near placing price last time 😏
Since then we have Energy Minister himself mention Phulbari and open pit mining / Multiple in country Intel pointing to this / Domestic Energy suppliers already dealing with Company / PowerChina move to Contract from MOU.
*Remember these big players have DIRECT contact with highest level Govt sources.
What do you want? People to exit and wait for raise which last time see a multiple price move and when GCM / POWER CHINA SUBMISSION TO GOVT BEING ORESENTED? lol
You ask a LOT of people when Approval RNS can come at any time now! 😏🦉
Stas i have suggested 3p as well but i think they would already be Lucky to get that... but will also depend on how much they want to raise this time and whether shares can be succesfully forward sold.
How much discount to prevailing price are you expecting on the placing, I expect the investors are going to play hard ball, they will push the price down as low as they can first to worry the company, then ask for a discount on that price, seems obvious the warrants are being sold of immediately and I expect the institutions will want maximum price uplift opportunity again.
Last raise was at 1.65p, I can't see them getting that again but the raise was at 37.7 per cent discount to the closing, so going by todays price that's 4.17p, I'm guessing they will raise at 3p, around the 100 day sma if they do I'll take some at that price.
Header says all. . Stock will go down further. No real buying . All imho dyor
I am.one who is comfortably holding Mr James - you are one who has been here for weeks trying to talk stock down.
Header say all so who do you think is relax one lol.
Remember fund raise is EXPECTED and last onecresukt in share price MULTIPLY!
With all DEVELOPMENTS we see I expect SAME again and with even better move since PowerChina move to Conttact base.
In meantime mrJames will still be crying in BB and will cry even more when GCM share price shoot into Triple Digit on feedback from submission we expect in coming few days.
WHY you think so much AGGRESSIVE BUYING from clever ones who understand this - keep up sir! 😏
🦉💰
Well hello there….
02-Apr-24 13:43:36 7.25 100,000 Unknown* 7,250 O
😃
---- lot of people are sitting on the side lines waiting to put more money into their ISA's on Mond (the new Tax Year).
-The mmk's are well aware of this, and have accumulated stock over the last couple of sessions ready to feed into ISA buying next week.
---But
--Don't think they will let you in cheaply.
-The SP will be taken back up between now and Monday, and you will be paying closer to 10p by then
Looks like we may even possibly finish blue today at this rate .....
And here he is.
Wos with his 'header say it all posts'.
Get ready for the 3-1 placing champ.
Header say it ALL & very AGGRESIVE BUYING to take advantage of the intraday dip.
People should expect this when all other I tell point to the Govt go ahead for Phulbari & we understand lot of stock will start to be held very tightly for the expected 'Meteoric Rise' from decision to ahead.
*Understand I do not say anything is guaranteed and most sensible person understand my post does not say this. What I say is EVERYTHING point to go ahead and point about TIGHTER HOLDING / REDUCING FREE FLOAT is obvious I think.
My stock is built up & held tight - rest is just Fun & Games to watch.
Potentially one of BIGGEST EVER RISER potential on AIM - which sensible person really want to Play around!
🦉
Warrant Exercise
The Company has received a notice to exercise warrants over 606,060 new ordinary shares of 1 pence each in the Company ("Warrant Shares") at an exercise price of 1.65 p per Warrant Share, raising £10,000 for the Company.
The above was mentioned in 7 March RNS, could be the same people as those shares was also exercised at 1.65
Well that was 6.75 again. back to 9p as we wait on newsflow?
NewboF - I've no idea to be honest, maybe somebody here has a good memory? You'd have to look back through all the RNS info regarding fundraising, maybe even Asia Energy. Good luck!
Should push back up towards 10p level now... the right news drops and its game on here
Searcher it means Mm are playing. And ready to do it again coming days.... at even lower levels....Just watch and learn...
Everybody will obviously have forgotten what they told at 9/10 or even today ;)