The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
A further reminder:
https://www.power-technology.com/marketdata/power-plant-profile-phulbari-coal-fired-power-plant-ii-bangladesh/
A lot of what our big buyers been adding has been appearing there instead of here under trades, take the 15.10 trade, that’s definitely another one of his buys as is the delayed trade from yesterday.
Https://www.lse.co.uk/ShareTrades.html?shareprice=GCM.GB.PL&share=Gcm-Resources-Plc
Yours probably here - been a lot of trades on here last few days too. Yesterday was big volume and whoever did the math earlier hadn’t included them, so even less available to buy.
Don’t bother with him YNIR - i exposed his lies yesterday and it didn’t deter him from posting the same crap over and over.
He’ll get desperate over the next week or so knowing once approval arrives, we’ll be in the clouds and he’ll be looking back at his 2.10p sell and start head butting walls.
Here’s one for you boys:
EarlofAim
Posted in: GCM
Posts: 12,083
Price: 3.45
No Opinion
My average29 Feb 2024 16:04
I have 2.10p average
- Poor earl, had a good entry only to let it go cheaply and got caught napping. What a LOSER. Lol
James, we have a Nomad.
We are awaiting appointment of a Non Executive Director (NED).
‘GCM Resources plc (LON:GCM), an AIM quoted mining and energy company, announces that further to the recent resignation of its non-executive Chairman, it has identified candidates for a replacement Non-executive Chair and a further non-executive director.
The Company and its nominated adviser are conducting due diligence checks and it is hoped the Company can announce the replacements once these checks are concluded.’
This is the only contentious issue currently affecting share price imo and once confirmed brakes will come off. We know from the RNS dated 28/02/24 one has been found, hopefully we get confirmation of appointment tomorrow.
I like this discourse James.
Do you agree with these statements.
Adam/wise
GCM has MASSIVE upside if everything falls into place. - YES, and a lot of it is already in place.
Tang is a highly suspicious character given his absolute disregard to polo share holders (took Polo private and has not uttered a word since). - YES, i wouldn’t want to be a Polo holder and would share the same feelings towards him, however if this comes off there’s every chance you guys have the funds to maintain a listing and find a suitable Nomad (no news is sometimes good news, we’ve had our fair share of lulls in news flow here). I know it’s not nice hearing it but maintaining multiple LSE listings is expensive and Polo was used as a pawn piece for the real prize in GCM, there’s a reason Polo was registered in the British Virgin Islands and GCM is a London listed company.
A potential reason Tang has kept this on the stock exchange is to raise funds as and when he as needed the cash. UNLIKELY - raise funds for what exactly? His wage? He hasn’t taken a wage in over 3 years and has invested via Polo a significant amount of money. Searcher pointed out Gary said funding isn’t an issue going forward as they have people lined up already if needs be.
Tang could take this private when he wants. - If you’re referring to intentionally setting us up for a fall I DISAGREE - he could’ve done this a number of ways (not submit year end accounts for example - instead providing the best update we’ve ever had) over a number of years, we have a clear timeline…project proposals to go across Q1 2024 that’s weeks away if they’re not already on Hasina desk already (I believe todays rns re funds available by PC was a prerequisite of gaining approval).
China buys the licences off GCM - AGREE - If this happens, it happens after approval when every chance the SP is in triple figures (which would still only value us at around 350m - we have a hundred billion $ asset, so expect the offer to be multiples of the triple digit SP).
Fair?
Art i started to write out a reply for you but there’s so much to say. Read through the RNS dated 29/01/24 final results and you will find a lot, if not all of your answers there. It was the best and most thorough update we’ve been given in the history of the company.
Hi Jamesss. Good to see you my old friend.
GCM and Polo are night and day.
Rule number 1 - never invest in a company that’s not registered in the UK (GCM is and Polo isn’t).
I’ll tell you more rules if you agree to adhere to rule number 1. Lol
Anyway you made 100k on here Friday, why the long face?
Also GCM getting approval might work out well for Polo shareholders so don’t go too hard on us.
In August 2023, some two years after China’s pledge, 18.1 gigawatts of overseas China-backed coal plants were in operation that had been commissioned since President Xi’s pledge. Furthermore, 7.2 gigawatts of China-backed capacity have been revived after being initially cancelled or shelved over the past two years, and some are even beginning to operate despite the commitment. Additionally, captive coal plants continue to expand, totalling 3.1 gigawatts of capacity by the end of August 2023.
Ripley, the likes of Earl sold this at 3.5p and has been crying ever since watching it go as high as 12p earlier today. That’s why you don’t sell.
You have to have a strategy with trading, any successful strategy requires patience, keeping the gambling element of it to a minimum. Those chasing such dopamine hits should consider trading gold or currencies instead.
No chance it will go back to 4p - there’s more a chance of 40p tomorrow than 4p. Anything sub 7p will get hoovered up like a Dyson on steroids and when this moves there’ll be a scramble to get in - such as this morning. Don’t risk trading when transformational news can land any day now and we open up a few hundred % up.
The reason we’re not much higher today is because the NED issue remains outstanding, one has already been identified and is getting vetted by the Nomad as we speak, once confirmed (hopefully tomorrow) all doubt will be removed and we’ll motor up to dizzy heights.
He would not be arrested, to have a London Stock Exchange listing certain checks are carried out to protect against the type misconceptions you might have.
He who controls the money controls everything - fact is he used Polo as a pawn piece for the big prize that is GCM. Sorry if you can’t see that or lost money but it is what it is.
GCM isn’t going anywhere due to the reasons i provided in last reply.
Yes and Tang owns Polo.
So if he wanted to take this private, why would he give a 3.5m loan from Polo (which he owns) to GCM (where he owns almost half the shares)…why not just take it private on the pretext of no funding available?
I’ll tell you why, because Polo is worth peanuts and GCM is worth a hundred billion. It’s unfortunate what happened to Polo (we have other holders here too like cry baby jamesss, who was ‘warning’ us at 2p) but that’s the stock market hence only risk what you can afford to lose.
The GCM London Stock Exchange listing is almost as important as the Govt approval itself as far as Tang’s concerned (hence him not taking a wage, and yes essentially funding it with his own money)…because without the listing he’d have his pants down in a country like Bangla quicker than you could say i told you so.
There’s also the fact he owns so much of GCM, he has the biggest motivation to see this in triple figures allowing him get the most bang for his buck, whether its on the open market or sale (either way we’ll all retire off it).
Now come back to me with a rationale reply and not a feelings hurt one please.
No new Nomad yet, read RNS, - WHICH RNS STATES WE DONT HAVE A NOMAD?
Placing required in the next few weeks max, - WE ARE FUNDED UNTIL END OF MAY
No Government approval - ARRIVING END OF MONTH/EARLY APRIL, TODAYS RNS A PREREQUISITE TO APPROVAL ENSURING FUNDING IS IN PLACE
no Land bought....... yet - HAVE YOU SEEN THE ‘RAP’ - RESETTLEMENT AND EMPLOYMENT ALREADY AGREED, hence no protestors at recent agm.
so Alan55 can I just start digging your gardens without buying your house? - IDIOT ALERT
this is Bangladesh...... poor people livelihood depends on these fertile lands from 6000 years ago. POOR PEOPLE WILL GET EVEN POORER IF BANGLA DOESN'T SORT ITS DECLINING FOREX RESERVES AND MINE ITS OWN COAL
unless a big compensation is given no one moving, rather they'll probably steal coal and sell it themselves. - STEAL? IT’S NOT A CORNER SHOP LOL
Tang will take this Private via No New Nomad route - WE HAVE A NOMAD, IF HE WANTED THIS PRIVATE HE WOULDN’T HAVE FINANCED IT THE LAST 5 YEARS TO KEEP THE LSE LISTING LIVE.