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I think any 3 or even 4 way deal will involve locals Hasina and co the Chinese and GCM
Personaly think it will still be worth many multiples of the sp from here but think that Gcm would be left with around 20%
Just my take
From my notes and figures (all in RNS if you go back far enough)
The original MOU for the coal mine, GCM 80% - Power China 20%. With Power china arranging finance to GCM agreement on terms.
Thermal power plants, GCM 50%, power China 20% and Dyson 30% with the same split on the solar park. With Power China arranging the financing to all to agree terms. There is also a schedule of responsibilities assigned to each party.
Although the MOU’s have been extended and moved forward etc, I believe the split remains.
May need to recheck these as they were noted at the time of the agreements.
So should Bangla Government get involved, one would think GCM would surrender 10-15% on a free carry.
Just my take on that one.
Sorry DYANI not Dyson (Spell check on an IPhone)
Could be Dyson hoovering up the shares 🤭
I’ll get my coat
Mankini. Only Hoover can Hoover up ☝️😅
Gooner 😂😂
Buyer’s collecting early morning so far 3 days running - yesterdays delayed trades showed a 200,000 buy on this ticker at 8.14am and on the other gcm ticker (when searching GCM in searchbar 2 appear) showed a delayed buy of 100,000 at 8.11am.
This leads me to believe the same person is behind both 100,000 and 200,000 delayed blocks (probably the 50,000 x 100 or so delayed trades in March too).
If that’s the case then it puts our buyer at well over 10% overall shareholding. This type of investment on the open market hasn’t ever been seen with GCM….so close to transformational news too, coincidence?? No chance!!!
Ask yourself if someone wanted this many shares why not go down the traditional route of financing a placing? I’m pretty sure i know why, but will save that convo for a different day.
Well Adam. The reason i would go down the accumulation route rather than the financing/placing route would be to keep my identity secret as long as possible.
Especially if said identity would give the game away 100% that the deal is done, thus sending the share price into orbit.
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 🫣🫣🫣
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.
Ohh yeah mankini, better believe it’s time to stock up the ISA accounts and make life changing money!! Imo
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
Fund raise here in the coming 2 weeks 3-1 placing :).
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.
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 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 .
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
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
This imho will be like a farm out and GCM retains a % of the asset
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 2021
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.
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 .
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.
Believe me.
You would not want to be out of this over the weekend.
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.
If this is a punt what was Asos for you? Lol
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