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22m mcap currently was 250m previously when approval was about to be given back then, with a target of 750m.
Read that out loud, do your research. Weigh up risk v reward and throw in everything you can afford to lose. If it comes good you wave bye bye to the cesspit that is trading and ride off into the sunset.
😉 🦉
From this site.
Shares in Issue 243.17m
Market Cap. £22.08m
Market Size 30,000
PE Ratio -12.97143
Earnings -0.70
Dividend 0.00
Yield 0.00%
Shows up 24% today shre went to 9p at 9.30am bounced up and down next hour within the 12% spread.
Fell back to 7.6p by 4pm closing back at 9p .
Last Monday the spread was 9% .
1270 post here last two weeks .
This post from MATD BB.
RNS is the key driver to market share price and manipulation by MMs. The rest of the BB can only have marginal influence mainly on private investors who aren't majority share holders.
17% down today with 14% spread.
Spread on the biggest rise Monday 11th morning after the weekend hype 9%.
2% spread Friday 8th.
WiseOwlSpeak
YKIR the value of the large holdings are £ ?
The site has an odd layout with a "p" after the numbers.
Try this Searcher - all the other names are very familiar. James Brearley are based in Blackpool.
https://uk.marketscreener.com/quote/stock/GCM-RESOURCES-PLC-4004649/company/
21% Spike came at 4pm to 9p the end of trading day this time the spread is 12%.
The spread the biggest danger for traders.
Might break even again tomorrow lol
What, hold sell , buy.
Do what you personally want to do but this share price is only going one way and it will be like a rocket on government approval. And I mean multi multi bag.
A fair price right now would give the company at least a £50 million valuation.
People are wary of course but Bangladesh need this to happen and fast or they will be broke and with no electricity.
It will 100% happen.
Shows down 2% with 7% spread today.
In hindsight a shame I missed first hour spike yesterday.
Posts on here difficult to buy is not the case was able to place order last night , did not leave it on.
This Bangladeshi newspaper giving hope to buyers.
Https://businesspostbd.com/power-energy/govt-reviving-plans-despite-strong-opposition
Primary bid offer 24/11/2017 was at 34.4p a 20% discount.
I see share continued to fall to bottom at 6.8p....11am today.
I read yesterday a post advising do not trade first hour ?
I was not online but you would of made 100% if you had sold and bought back is a fact with hindsight .
Wiseowl and searcher unwise to watch and not do that no matter what happens in future .
Big rise first 10 mins to 13p , then dipped to 11.4p by 8.20am spread 9% equal to difference.
Back to 13p by 8.30pm , settling back at 9.5p by 9.50am .
Early birds might of manged to sell at 12p if lucky.
Have in ISA and ( X ) Transferd in probably a primary bid offer 24/11/2017.
Major HoldersCurrency in GBp
Breakdown
21.29% % of Shares Held by All Insider
18.22% % of Shares Held by Institutions
23.15% % of Float Held by Institutions
1 Number of Institutions Holding Shares
This from Wikipedia, the free encyclopedia might be worth reading for those like myself who did not hold before 11/1/2007. ( Asia Energy name change )
GCM Resources plc
Company type Public company
Industry Coal mining
Founded 1998?
Headquarters London, United Kingdom
Key people Leslie chow Chief Executive (London)
Website www.gcmplc.com
GCM Resources plc (AIM: GCM), formerly Asia Energy and Global Coal Management, is a mining company quoted in the London Alternative Investment Market. Its major asset and goal is to exploit open cast coal mining opportunities in the Phulbari region of Dinajpur District, Bangladesh.
It’s illiquid as far as trying to build a decent holding is impossible - very little is available to buy at these prices without having to negotiate trades for a higher price due to small free float, a shot share price compared to asset value amongst other reasons.
Market is using every opportunity to take this higher so to incentivise buyers and sellers instead of opening up +1000% on day of approval in the coming weeks, accumulating shares along the way.
If Friday told us anything it’s that they really want to take this higher given buys and sells were around the same… maybe they’ve got wind of something, who knows, but if buys and sell marry up next week as they did Friday then expect us to go much higher.
God forbid people realise the potential here and try to build holdings, this will do a sonic boom.
I do not agree with WiseOwlSpeak that GCM is Illiquid
Illiquid stocks are high-risk stocks that cannot be easily and readily sold or exchanged for cash without a substantial loss in value, even using a stock trading app. They are difficult to sell as a result of the cost, lack of ready buyers, low trading activity, and other such factors.
I can buy and sell easily fact is spread under 2% Friday.
Wish I had missed the rise Monday , dipped a little Tuesday , finished the week with a Friday afternoon 56% one day rise , to 6.8p .
My bep 10.2886 might not lose on this one.
WiseOwlSpeak was wise to hold all so far.
14/11/23 they were 0.9p the low stayed there until 27th
Sold two past top ups today for 4p.
They were 14/6/23 bought for 2.5p & 17/2/23 bought for 3.8p .
My last sale was 6/6/23 for 3.9p bought 25/4/23 for 2.9p
Holding back to 11/11/22 level .
I Was glad I sold last time with hindsight .
Sad news today.
At least 44 killed and 40 injured in building fire in Dhaka, Bangladesh
Authorities said a petroleum gas tank in a restaurant in the building first caused the fire, which quickly spread.
A fire broke out in a seven-story building in Dhaka, the capital of Bangladesh, killing at least 44 people and injuring 40 others. The injured are in critical condition.
The incident occurred at nearly 10 o'clock last night. The authorities said that a petroleum gas tank in a restaurant in the building first caused the fire. The fire quickly spread upwards and many people were trapped. It took two hours for the fire fighters to control the fire. Some firefighters said that there are restaurants on almost every floor of the building, and these restaurants use LPG tanks.
The Bangladesh government has ordered a thorough investigation into the cause of the fire.
Up 70% today on RNS... 3% spread.
Topping at 3.9p at 2.30pm.
Nearly back to the spike last June 2023 to 4.5p
Placing two days after that last spike at 2.5p
That did not look good by November the low 0.9p.
The AIM casino .
They were already looking for an NED as per recent update. More than likely already had someone stepping in after agm, hopefully it’s a case of just pushing his start date back.
If you need the cash, then sell…same with any share. Don’t do it because it’s now more ‘riskier’ than ever…because it’s also now more ‘lucrative’ than ever if you’re looking at it glass half full. Let me explain why:
- decimated share price
- end date in sight (7 weeks, not 7 years)
- every macroeconomic factor in our favour (inflation, gdp, production and employment)
- a power house in Power China as a partner
- someone new investing £500,000 only last week
- lobbying the govt for last 12 months
- crumbing Taka (local currency)
- govt involvement in the project (sweetens the deal)
- coal to be used in country and not sold abroad
Just think logically for a second, why drag this out if they wanted to take down the listing. Polo have given us 3.2m (accruing interest at 15% a year), ‘Tang is a greedy so and so he’s on 300k a year’…but has deferred wages for 3 years and hasn’t been paid anything (owed 800k). They could have taken this private a whole number of ways years ago but didn’t, instead have invested time and and own money into getting approval and we’re now at the end game and you’re thinking of walking away……..
If you want my advice, the saying that comes to mind is ‘buy when others are fearful’
The problem stares us in the face.
As each day goes by without any new NEDs appointed the closer we get to being delisted...and, as each day goes by, us shareholders will get more and more twitchy and we will be thinking 'do I sell now whilst I can get something for my shares or do I risk waiting until the very last moment and then being told I have lost everything'
Oh well, let's see what next week brings...my guess is it will now be deadly silent.
Gla
All the talk of delisting...
Was there not a plan to list on the Dhaka stock exchange so the locals could invest also?
Down 30% on this news today.
GCM Resources PLC on Friday said that Chair Christian Taylor-Wilkinson will resign from his role at the end of the month, after the company's largest shareholder proposed to remove him from the board of directors.
GCM Resources shares fell 29% to 1.98 pence each on Friday afternoon in London.
The London-based mining and energy company said it has started the process of appointing a new chair, as Taylor-Wilkinson's resignation will take effect on February 28.
Last week Wednesday, GCM Resources said that its largest shareholder, Polo Investments Ltd, which holds a stake of just under 21%, requested that Taylor-Wilkinson be removed from GCM Resources's board.
Missed this news 28 December 2023.
GCM Resources shares to be suspended following audit delay.
They still are suspended.
( D ) Allowing me to place buy and sell order today !!
People begin to position for what very much look like will be the year for GCM.
This is illiquid stock so if you even manage to get shares you have been fortunate.
Upside work out for yourself or you will think exaggeration am sure. Maybe someone else will like to post on this.
You have choice to wait for full developments to take place.
Focus on investment 🦉