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Started: ukmicky, Today 14:41
Last post: Professional, Today 17:58
redeyemines ******* ramper. **** off
What a bs again. Nobody interested
He did overdo it a bit. I like to think if some party wants control they want it quickly and will pay sensible money so our % is irrelevant hopefully.
My 😂 was at mankini doze, not necessarily your post 🫡
😂😂😂😂😂
Https://thefinancialexpress.com.bd/economy/govt-to-allocate-tk-350bn-in-power-subsidy-for-fy25
Or £2.35Bn
So coal from Phulbari will reduce this to £1.8Bn per annum (guess) £0.55Bn for 10 years discounted.
£5.5Bn say plus solar and overburden benefits say £8Bn to Bangla plus ancilliary factors means a quick purchase of GCM is worth £1.80/share surely.
India are going for own coal and Bangla will copy.
All the BoD would need to do is RNS where discussions are up to and we’d be 50p+ 😂
Any take over would have to reflect the value of the assets.
I agree that there has been a lot of shuffling around but to whose benefit? More to the point, why bother.
At our present Mcap, I think we will still be valued in increments of £100`s millions.
We need that approval or some sign of it. My guess is that it is being worked on in the background and will come to the fore soon.
Redeye. There are takeover rules fora reason. They apply to us including when TR1’s aren’t logged when they should have been. The shares don’t count in any takeover bid.
The BoD just need to block it unless they aren’t acting in our best interests which they have a Fiduciary duty to do.
-- Searcher added up the T/O from early Feb and it comes to over 350 mill shares traded.
-
---Think about that ---350 million shares traded.
-
-Not ONE holdings RNS, and the SP is stuck , rock solid, in a tight range.
-
-So how on the earth can those things balance out ??------They can't.
-
-What I suspect is happening, is that the SP is being held steady by huge amounts being shuffled backwards and then forwards, with no real change of ownership, but with the effect of swamping any real trade, and making it impossible to tell what is really happening.
-
-I thought we had a seller, who was filling in all the enthusiastic PI's, but that looks too simple an answer now, (and would have also required a holdings RNS by now), ----so what have we got ?
-
-May well be an orchestrated buyer hiding in all the smoke, going through any number of holding accounts, so as not to trigger a TI rns, and accumulating while everyone is distracted by the huge two way turnover.
-
-With the SP held steady for what seems like months now-----what price a T/O ?
-
--------If our major shareholders are involved behind the scenes, then you can forget all the big numbers we have all been hoping for (£1, £2, £3--or the £10 party).
-
---This could easily be just a % "Premium" of the average SP over a short historic period----
----a 50% premium is normally enough-----that would take us to 9p ---AAAARrrrhhhh.
-
-They could of course be very generous and offer 20--25p----thats a huge jump from 5.5p
-
-Don't ask me how they could sort the mechanics of such a bid, --all I know is that it's starting to feel like a distinct possibility to me----ESPECIALLY with the one line denial from the Co.
-
-Hope i'm talking carp.
Started: doze, Today 10:30
Last post: redeyemines, Today 14:27
If the turnover drops away while there is a holiday period in Asia, then that tells us exactly where all the buying has been coming from.
-Bangla (insider) buying can only mean one thing.
-The GL is coming.
-If so ---follow the money---and it will be a STRONG buy
To be honest GCM haven’t released news for 2 months. Been very quiet. Who knows how long it will take.
I know that I will be ripped apart by some for posting this or even intermating it as an idea, but taking in to consideration the Eid ul-Adha holiday, I wonder if there will also be a change to the trading in the coming week as well….
Https://www.bbc.co.uk/bitesize/articles/zhjjf4j
Holiday Sunday 16 June and end on the evening of Thursday 20 June.
Started: Searcher, 14 Jun 2024 12:06
Last post: Gudge, 14 Jun 2024 20:04
With the amount of money moving around here at the moment something is definitely going on in the background.
Time will tell but imho we are close to some sort of news.
And another delayed 275k from today after close at 5.59 so I would think a buy
This one counts as its now 4 positives to 3 negatives, MM's at it again, LSE should sort them out as its distorting the market and not fair to the majority of us shareholders
There have been that many trades now where some have been traded and then cancelled I have no idea if this one counts or not, but I see we have another 425k just turned up from yesterday
They are creeping it up to try encourage more selling imo. So greedy paws can snap them all up…
Sorry, you are not getting my shares.
Started: GPback, 14 Jun 2024 16:02
Last post: Shakeyerbooty, 14 Jun 2024 18:00
And not many do it on the main market.Just a question of picking the right stock.
Percentage wise still still very small compared to the 800 plus companies on aim.
Positive2021-There have been more than the odd one.I can name quite a few,GCM being one previously not to mention QXL,GKP,REM,ASOS,HNR,West China Cement,PYC.Even recently HE1 went up x15 (yes,I know where it is now).There are others out there if you look hard enough or have been around for as long as I have.Good luck.
You tried to imply idiot
I didn't say it was all for us did I ? Idiot.
Hopefully Bangladesh will follow suit! 🤞🏼
https://www.financialexpress.com/business/industry-to-step-up-coal-production-reduce-imports-reddy-3524332/lite/
Started: GPback, 14 Jun 2024 14:36
Last post: Professional, 14 Jun 2024 15:48
Simple. No genuine buyers . Only traders
I knew Friday would be a non-event. It’s been continuous for some time. No point getting excited until news lands.
And todays excuse for the SP not rising will be …………..
The good thing is if it’s being held in this range more people that buy are happy to hold.
It’s been the same format for a large number of weeks. Trading between 5 and 6p. You can easily predict the same next week and after. To me it’s been held here for a reason. If 5m plus buys can’t nudge it far only news can.
Started: Polio, 14 Jun 2024 12:54
Last post: stevehuges, 14 Jun 2024 12:56
Good idea
An afternoon rally to 6p...... :D
I'll have a beer tonight if it reaches it (and will have one if it doesn't)
Let's gooooooo
Started: GPback, 14 Jun 2024 08:03
Last post: Invester007, 14 Jun 2024 11:54
If that valuation from 2011 was accurate .. would it not be right to think that our valuation now would be considerably higher due to a variety of reasons (coal prices being higher being one of them).
I know we've had to raise more cash and due to that there would be more shares in circulation ... however, compared to many other AIM stocks we have a lot less shares in circulation. This has been proven on a number of occasions when us or bigger buyers through asis have struggled to accumulate a decent amount of shares.
Not suggesting it would reach this price instantaneously but you would like to think it could reach those estimates in due course.
GLA!
Heres a write up regarding the Evo valuation back in 2011. Although coal price has increased & we will have the solar project, remember back then we also had cash in the bank & other assets that have since been sold off.
https://www.investorschronicle.co.uk/2011/09/08/tips-and-ideas/share-tips/tips-of-the-week/gcm-close-to-unlocking-phulbari-riches-UkPOTbSmGY9lD9RRxfAPzL/article.html
Yep, I noticed that I had a lot of green on my screen this morning and from your post Gudge it’s the same culprits trying to convince everyone that it’s just normal trading for GCM…
I can’t be bothered to unfilter them to check, but for what it’s worth a couple of my observations and my opinions would be…
• NO – This is far from normal trading for GCM
• Never have we had the control over the share price as we have had recently. That’s not normal!
• In the last 4 ½ months of trading, we have had over 350 million shares traded, trust me that’s massive volume for GCM. Thats not normal!
• I would not mind betting that we have had more shares traded in the last five months than we have had in the last 5 years. That’s not normal!
So there is plenty going on here (that’s not normal), what and how the price is being manipulated and kept down in the way it has been, I have no idea, but I do personally believe that it is being controlled and it’s positive that it’s happening, because from all our research, we know the massive returns here on the announcement of the green light, and it means that there are those that are far more in the know than we are that want a piece of our cake, and are trying their upmost to fill their stomachs.
There are obviously loads of other reasons and viewpoints from professionals within the country, as well as statements from, Nasrul Hamid, (The Energy Minister), Power China and GCM that gives us optimism that Phulbari will finally be given the green light sooner rather than later now, so I am happy to let them play their games and wait for the fruitful returns that this will hopefully bring…
All imho of course 😊
GL whatever you decide
Those are the ones mankini, although I forgot about the £45 target 🤯🤯🤯🤯🤯
Heres some links to previous broker notes. Unfortunately i can no longer open them. Maybe someone else can
The Evo note from March 2011:
http://www.scribd.com/doc/50775047/GCM-L-GCM-Resources-11-03-11
Initial target is 440p but they speculate that it could be worth over £45 later.
Caz buy note:
http://img228.imageshack.us/img228
Started: dusterinmong, 14 Jun 2024 11:37
Last post: Positive2021, 14 Jun 2024 11:43
Can’t see this happening. No idea when this will fly. Next week could be the same story.
Bedwetters out buyers in
Started: Searcher, 14 Jun 2024 09:10
Last post: Searcher, 14 Jun 2024 09:10
With this article, are they starting again to warm the people up to the idea of new Thermal Coal Green technology and what environment-friendly technology can do for the economic and growth of the country even if it is coal ...
Obviously using Phulbari thermal coal and the latest technology in the power plant would fit perfectly 😉
The Maitree Super Thermal Power Plant in Rampal of Bagerhat is silently playing a role in the economic growth by adding electricity to the national grid leveraging an environment-friendly technology.
The use of special technology to protect the environment to reduce the damage of coal-based projects or plants is called supercritical technology. Due to the use of this technology, the very small particles of coal have no chance to mix with the air. As a result, environmental pollution is greatly reduced.
The Maitree power plant has emerged as a ‘game changer’ in the economy of Bangladesh, according to economists.
Former Bangladesh Bank Governor Dr Atiur Rahman thinks the plant is contributing to industrialisation as the driving force of the country’s economy by constantly supplying electricity to the national grid.
https://www.daily-sun.com/post/753242
Started: aimofthegame6, 14 Jun 2024 07:57
Last post: aimofthegame6, 14 Jun 2024 07:57
Huge buys yesterday, big delayed buy Wednesday
Buyers above 6p yesterday
Started: WiseOwlSpeak, 14 Jun 2024 06:12
Last post: WiseOwlSpeak, 14 Jun 2024 07:45
LIFE CHANGING! is way I prefer to look at it and base on REAL 'in country' Developments and REAL Price projections.
What happen on Thursdays or Fridays or what MMs do us not really my focus but do not put other opiniin down here - this is my approach.
As Management say at AGM will probably find out BEFORE official RNS from 'in country Intel' - people maybe do not realize but this include all Seperate PIECES which put complete picture together.
Also
We know how much Research people like Mr Pappikon & Sear her do over Weekends.
How long before they post Final Decision Intel? EVERYTHING is pointing to this now anyway.
First comment 'Lifechanging' is accurate & see for yourself for every ex £1000 invested now.
I keep focus very much where I need to - on INVESTMENT & UNFOLDING INTEL!
I’m expecting it to stay in this price range until news or MMs decide to let it fly on volume.
‘Optimism Thursdays’ are often followed by ‘the wait continues Fridays’, with a steep drop off in volumes.
Let’s hope I am wrong 😂.
In all seriousness IF this happens it is most likely to be around the visit in July. Those things don’t just come out the blue so hopefully a heavy increase in media output over the next few weeks to add weight to the argument.
Then Hasina can get some nice photos signing the dotted line (or her stooges can if she wants a way to blame them in the future) and we are laughing
Header say all and for those who are used to talking up usual Aim rubbish - this is actual REAL projections.
*We already have one broker target of around 2,700% upside from current price.
Also we should remember very big increase in Coal prices from past when we look at past share prices AND additional revenue base of operations attach to coal extraction.
Good problem to have when bears talk about 'Only' low triple digit upside lol BUT very clearly show MASSIVE upside potential here.
Link this to ALL Intel kindly provided to cover ECONOMIC, STRATEGIC & Political drive which point to only one outcome really - Phulbari go ahead with strategic China partnership.
Buy hold or sell your choice - my opinion is madness not to have some footprint in stock at least with what we exoect to see soon!
Started: Pappiklon, 13 Jun 2024 21:54
Last post: Pappiklon, 14 Jun 2024 00:06
Duster re appropriation from gcm of its rights there's protection via trade / investments signed with UK and there's their own Foreign Private Investment (Promotion and Protection) Act of 1980 which specifically states no foreign investor's project will be exproproated or suffer anything that even looks like that.
GCM management refused considerably more than 50p a share in the past. They won’t let it all go for pennies!
Just my opinion and the situation it's in now after a long time of waiting you clearly know nothing of what has happened over the years still min 50p ish if correct and that's not a bad return from this level
Costs reimbursed ffs! So what was the point of them even doing it from the start? Are you having a giraffe?
If you think Hasina and co will let GCM milk that kind of profit your crazy .
All GCM have is a licence no money to develope the asset. That will come from PC
So how you value that just a licence hence imho a small % left or costs reimbursed
Started: Goonerpete, 13 Jun 2024 21:51
Last post: Goonerpete, 13 Jun 2024 21:51
... Ah ok
I'll await the RNS then......
Like a true AIM stock we are being played like a fiddle.
Started: GPback, 13 Jun 2024 16:12
Last post: GPback, 13 Jun 2024 21:23
SG, the broker note back then had a price of 2450p on the GL. That was with 50 mill shares.
Work that one out 😉
what’s the coal price now compared to then too. (2006)
Shakeyerbooty, it took around 6 months for the stock to go from ~80p to 850p. I researched the trading patterns a lot back then.
We are in the first major phase of the same pattern. A rise from low pennies to 13p, a pull back and then a long push through. Just waiting for that bit 😂
That's about 150p in today's money. Pre approval.
Blumagnet, no GCM isn’t dual listed.
Adam-agree with most of your post other than to say the m/c reached £400m. We hit over £8 per share with around 50m shares in issue.
Started: Searcher, 13 Jun 2024 13:19
Last post: crowfoot, 13 Jun 2024 18:43
MM games get too much credibility at times imo. I traded for a living for a number of years with Level 2 and RSP access and watched certain liquid AIM stocks all day. What's absolutely certain is that constant buying volume cannot be held back. I've seen many times daily when an MM will jump on the level 2 bid while actually on the offer if you check the RSP. That's just what they do to make a living but real volume without a supply source is a one way ticket, with lots of little bumps along the way! Coming soon hopefully. GLA
Traders didn't do much.
As expected not ready to let it fly even with 5.4m buys. MMs and traders playing a blinder.
Nice flurry into the close would set up a good FOMO friday
3 people come and buy 100k each and it probably doesnt go back again
Last post: Positive2021, 13 Jun 2024 17:04
Which weekend 😀
We’ve had so many and still no news
Would not want to be out of this over the weekend!!!!!!!!!!!!!!!!
Started: livinhope, 13 Jun 2024 16:45
Last post: livinhope, 13 Jun 2024 16:45
Time Trade Price Volume Value
16:38:32 5.965 250,000 14.91k
16:38:12 5.965 425,000 25.35k
Started: aimofthegame6, 13 Jun 2024 16:16
Last post: aimofthegame6, 13 Jun 2024 16:16
Mental. Teach the MM's a lesson tomorrow when this goes above 6p again
Started: GPback, 13 Jun 2024 14:11
Last post: mankiniparty, 13 Jun 2024 14:58
We wouldn’t be at 6p if the green light was about to drop.
Siesta over
Someone has lost control of events somewhere!
Is there news out we haven’t seen and it’s suspended trading?
It is 7.19pm over there, what time would it be announced?
Started: YouKnowItsRight, 13 Jun 2024 13:53
Last post: aimofthegame6, 13 Jun 2024 13:59
It's not a real print don't worry.
Anyway more to the point, look how many were buying at 6p.. follow the money
290 sold at 5.75 despite bid 5.92p
How is this even still in the 5p after the huge volume bought today?
Are we expecting another Friday super RNS I wonder?
The pattern is there............
Started: aimofthegame6, 13 Jun 2024 13:45
Last post: aimofthegame6, 13 Jun 2024 13:45
People still happy to pay over 6p, bid looks strong
Could hav ea nice 6.25/6.5p close
12.9M 7/5
7.4M so far today
definitely not 7/1/7/1......
agree there is a lull before next head of steam as more coal chucked on the fire. Difficult to let it go before GL so MMs sensibly use their arts.
Positive2021, totally agree with the fact that its being traded mate, but this is more than just normal trading volume and imo is being very well controlled
All large buys seem to be delayed like they are hiding something, wont't take much to make them rally
7m plus traded one day, next day drops down to 1m. Strange behaviour. Traders all over this one.
One and a half hours allowing for this site delay, so mine just came up so agrees with your post stevehuges.
Started: Pappiklon, 13 Jun 2024 10:48
Last post: livinhope, 13 Jun 2024 11:21
Nice 700k shares buy!
Those who missed out at 6p the first time, here's your chance! MMs false drop to buy some stock back :)
Totally agree Pappi.... and what better time to announce the green light than in her up and coming "Game Changing" visit to China in the first two weeks or July 😉
Envoy: PM Hasina's China visit will be a game-changer
https://www.dhakatribune.com/bangladesh/foreign-affairs/348219/envoy-pm-hasina-s-china-visit-will-be-a
Close that spread and more buyers will be here.
This does feel very close now with recent articles, only pointing in one direction for me. 🟢