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“I really hope approval gives a meaningful boost to SP”
You don’t need to be concerned about that 😂
£50,000 in warrants money makes the average/share over the year 3.8 p - fat finger for 19/4 entry- is 6.5p/share.
I really hope approval gives a meaningful boost to SP as these raises which was my point in summarising, really do dilute so the higher the raise/share the better. If the raises are above my average entry I assume I am making something on the investment.
Thought I would summarise
14/6/23 placing £500,000 raise 20m 9.6% of new total 2.5p/share to GCM
the Company has completed a Gross equity fund raise of £500,000 by way of subscription for Ordinary Shares with Clear
Financial Statements
29
Capital Markets, at a price of 1.65p per share. At the date of this report the Company is not yet in receipt of these funds
...................bottom of p28/top of p29 Annual Report and Accounts 2023 referring to subscription 2/2/24
issued to clear capital clients 30.3m 12.7% of new total 1.65p/share to GCM
subscription 19/4/24 to raise £2m issued to Axiom Capital clients 30.7m 11.1% of new total 5.5p/share to GCM
over 12 month period £3m raised through 81m shares to grease the wheels at discounts of 41%, 37.7% and 24.6% representing 30% of new total at an average 3.7p. prior to approval.
2023 report; Financing – risk that the Company
will not be able to raise necessary
working capital to sustain its activities
ahead of presenting the Project
Proposal to the government or the
funding required to take the Project
through the government approval
process to implementation stage.
The former financing risk is off-set by
the Company’s track-record of being
able to raise funds through the equity
market. The latter financing risk is
offset by agreements in place with our
Development Partner, PowerChina,
whereby in return for being awarded
EOC Contracts, PowerChina has
expressed a willingness to assist
with project financing. The Directors
are confident that the necessary
funds will be obtained as and when
required. For further details refer to the
Directors’ Report.
https://www.gcmplc.com/sites/gcm-resources/files/2024-01/GCM_Resources_ARA_2023_Final_Glossy.pdf
Yes hoping the P word is reported as a major discussion point at the energy meeting Suday
One thing for sure TANG was not lying when he said "there's plenty of interest in gcm at the moment" hence the £2m raised recently
BLU
It would be great if no placing ever got forward sold
The reality is every placing seems to
Honesty and integrity are not part of these markets despite what is claimed
Given the timings and volume though, the odds that it is not in some way connected seems low. But who knows
This 4.5m trade took place on the 16th April
The shares Axis have taken don't come to the market till about 19th April according to the RNS released on the 16th April
I come back to the board after thinking about the 4.5m and see this thread. I was thinking the 4.5m might be an Axis transfer to the client/retail arm as retail investors have taken them by surprise and they are scared of losing control of the mates rates range they are keeping prior to approval. Would explain the good price they were taken at. I know it is all opaque but Tang's best interests are in GCM remaining as the management company and that requires greasing the wheels by possibly the only way available and that encourages me.
😂😂😂 Professional, your posts really are class, I think I’ll join the many others that have already done so and put you on filter!!
I certainly won’t be missing anything important 🙄
These guys trade ofcourse for a profit. But that is different from trade all shares for a profit.... it would not be the first time if they sell last part below placing price.
Could be different reasons for it...lets see
The subscription share s issued ends in 230 so does the 4.5 million
Redeyemines apologies!
Pappi I'm almost certain CCM were never mentioned in the RNS, only Allenby Capital. Can RNSs even be altered afterwards? Allenby had the warrants also. CCM were only mentioned on this bb, as i remember thinking how would he know that unless privy to that information? If you check post history it might be more clear.
With regards developments this week, I alway thought the sp would drop back to the fundraise price. That said if Axis are looking to flip the shares they will be looking to do it at above 6.5p or else they will be losing money. Its a lot of shares and I'd think that they already have the buyers who are looking for a medium/long term hold to project approval. I wouldnt anticipate a price drop. Indeed we still have the other buyer, quite likely outside the circle of Tang, who is still buying 100k blocks numerous times a day and now after that 4.5m trade is done the 100k buying should send sp upwards.
For sure the next few days will be eventful!
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
-
-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
-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 ?
-
-I have tried to speak to he co on this but am getting no reply.