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Duster-You don't need to teach me.Been around the markets for years but for you to suggest such low figures is very pessimistic imo.
Never seen a broker target in house met pinch of salt
My original post state this about price targets BUT also state MAIN POINT - should be MULTIPLES of current level.
Unlike you who say "targets all crap" "all guesswork" - then give us YOUR target & Upside LIMIT - Fooolish!! 😂😂
🦉
Booty
Just because you have an 100 billion value in the ground does not equate to a share level
Treat this like and oil company on a farm out they have 1 billion oil in the ground proven but no cash they farm out the rest for cash keep a smaller stake
Coal price is also much HIGHER now! 🦉
Ha ha,£122m-£245m for a $100bn asset.Keep pushing that agenda duster.This was over a £400m m/c when it was thought the GL was coming all those years ago.Bangla's predicament is far worse now that it was then.GCM may well give up a percentage but it wont be anywhere near what you think imo and as GCM board members have said why would they sell their asset in full before production commences.Hopefully the proposal has gone in and we sit tight and wait.
Realistic be it think ..
Broker targets are mostly made up crap there never hardly met am afraid
and mostly based on out of date calculations .
Now here we probably have a much changed mix to calculate as I have said the company imho will have to split tbis 3 or 4 ways to get this over the line retaining a smaller%
If you really think the company retains 100% and they take the all the loot your dreaming.
50p to just over £1 on a deal imho and they will have to do something as it can't keep dragging in
Be realistic owl posts like yours tend to put folk off from buying as it looks unrealistic
Keep it real we know if the green light is given it will prob multibag
But headings like £13 are not helpful
If this is a punt what was Asos for you? Lol
There you lot go again, Tang is a good businesman, Tang would never let this go for such a small percentage...LIKE YOU KNOW THE GUY PERSONALLY???
Tang is here to make money and will screw anyone over if he doesn't get screwed by the chinese in the mean time that is.
This is a punt...start treating like one.
Believe me.
You would not want to be out of this over the weekend.
I don’t think it will be to long till we find out Bangladesh will have to do something soon .
Eid finishes on Friday night, my guess things will start to happen from next week, starting with increased press coverage.
I think your estimations are well of , As much as I don’t like Tang he is a very good businessman , GCM are the sole owners to the mining rights to 200 Billion dollars worth of coal, without there say so there is no mine , Tang would never let this go for such a small percentage. 200 million would be no were near enough , I don’t think it will be to long till we find out Bangladesh will have to do something soon .
Notes
27 Nov 2018 07:00
RNS Number : 5530I
GCM Resources PLC
27 November 2018
· The equity holdings of the coal mine and power plants generating 4,000MW shall be agreed in a future Joint Development Agreement;
RNS Number : 4075N
GCM Resources PLC
17 January 2019
Under the terms of the JV Agreement, GCM shall be the lead party on a newly created joint venture company ("JVC") to own the Power Plant. Subject to a mutually agreed valuation of the Power Plant and investment appraisal, the Company will be entitled to an 80% interest in the Power Plant, with POWERCHINA receiving the remaining 20%. The salient roles and responsibilities of each party are:
· GCM shall be responsible for obtaining the necessary approvals from the Government of Bangladesh and facilitate preparation of the Environmental Impact Assessment;
RNS Number : 0138M
GCM Resources PLC
09 January 2023
· GCM, POWERCHINA, and DYANI, shall:
o Participate in the Solar Project with the interests, rights and liabilities of the Parties within the Solar Project be in the following percentage proportions:
§ GCM Resources plc 50 %
§ PowerChina International Group Limited: 20 %
§ Dyani Corporation Limited: 30 %
o GCM's roles and responsibilities shall include
§ Facilitate to obtain all requisite licenses and approvals/ permits from Government of Bangladesh,
§ Assist and Coordinate residents' resettlement, infrastructure replacement and land acquisition,
§ Facilitate Powerchina to raise debt finance,
§ To provide technical input and assistance for the Project's feasibility study report,
§ Provide details of Mining Project power requirements and land availability schedule,
China Nonferrous Metal Industry's Foreign Engineering and Construction Co. Ltd ("NFC"), one of our Key Development Partners, have confirmed they are moving to resume a normal working status and that they are gearing-up to make progress on commitments for coal mine development as set out in the Framework Agreement signed between the parties on 15 October 2020.
RNS Number : 6113S
GCM Resources PLC
17 March 2021Â
Power Construction Corporation of China, Ltd ("PowerChina"), have additionally confirmed and re-iterated their strong commitment to the Project and to making progress under the extended JV Agreements, as announced on the 19 January 2021. PowerChina are focused on working with the Company to develop the Project using the most advanced mining and power generating technology, while adhering to the strictest compliance of health, safety and environmental standards. Their stated aim is to produce clean and sustainable energy and power for Bangladesh.
This imho will be like a farm out and GCM retains a % of the asset
Bangla if you think valuations are like that you really should not be investing inn the market
Tell me what the AISC Is here to produce ECT and all the other overheads
If you think 20 billion value for GCM at 20% your way way out try 200 mill at a push
To be fair there is 100billion dollars worh of coal and overburden so even at 20% that would value GCM at 20 billion . I could live with that
I imho think we will keep a good share if this route is forthcoming
20% 30% is something politicaly Hasina could alow us to give the go ahead saves her face as well
I'd rather have the green light at that as it's taken far to long to date .
Jamesss, from memory you’ve been singing and replaying the same tune from when the share price was about 4p … just think how much you could have made already had you been invested then 🙄…. The FR that you keep harping on about may as you and all of us know not happen until the end of May….
I wonder what the SP will be then, or what other news may of come out by then ….
You need to come up with another tune 😂😂
I didn’t say we’d keep all of the project but it’s been suggested 20%. Really?
We have 100% currently. Let’s start from there.
Fund raise here in the coming 2 weeks 3-1 placing :).
If you think the company will retain 100% your not thinking straight imho
Never will a foreign company be allowed to take all the spoils it's not politicaly the thing to do over there .
But a good % would keep all parties happy and we should still multibag all imho
ATB
Ohh yeah mankini, better believe it’s time to stock up the ISA accounts and make life changing money!! Imo
A fund raise may not be required for another 6 + weeks yet. Share price could be anywhere by then.
Cheaper to buy what you can now while it’s sub 10p.
Yes mankini but why would that matter if you’re buying your ‘x’ amount of shares at ‘x’ price via a placing. The price could reach whatever price it wanted after and wouldn’t affect you as you’ve bought your lot.
You’re already on the right track with keeping identity a secret though 🫣🫣🫣