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Searcher not like you to miss a trick but we don’t 100% need a fundraise end of May, we still have 3-400k to draw down on the polo loan facility yet which would see us through another 4 months.
Not that it matters much at current prices because all the action is happening the next few weeks. Come end of May we may well be sat at a pound a share.
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.
Mrtwisted looking at your posting history the term jack of all trades, master of none really does apply.
Let me tell you a short story.
Short story for you.
GCM have cash until end of May 2024
GCM proposal to gov March 2024
GCM proposal approved well before cash runs out resulting in a SP likely 50p-£1
Come June nobody is worried about a raise when the SP is 10x today at least.
Then come Power China our JV partners invest billions to get the mine operational and we retire.
The end.
I believe it was over £8 Searcher and that was without a Power China type entity on board, it was just based on sheer value of asset. Today’s money with dilution that’s £2 a share, with Power China and path to production already in place I’m expecting this will go higher on approval.
Power China are that massive when they came on board the SP did a 600% rise the same day from around 11p to over 70p in late 2018, they are the perfect partner, plenty of ongoing dealings with Bangla govt.
Such is Aim over the years the SP has tanked as it does with delays etc but now is our time, we have the energy minister talking about us at a time when proposals are being submitted to a govt with nowhere else to go, more press releases likely in the coming days and weeks..any sniff of the go ahead on a hundred billion asset and we’ll be quids in…literally.
I can’t wait. GLA
I’ll start with my 2 cents:
- Proposals to be submitted this month
- Energy minister openly talking in press as Phulbari being the answer to countries coal problems
- Every macroeconomic factor
- Locals are happy to relocate and are finally on board
- Power China, a power house as JV partner already committed to investing billions to get mine operational has hung around and probably whispered in a few ears re this project (they already have an operational mine in Bangla amongst other ventures, so know all the right people)
- Gov left with no choice but to mine own coal
- 100 billion asset of which GCM own the license for
- Have been lobbying the govt the past 12 months
- Offering govt involvement in the project (final piece of the jigsaw imo)
- Coal to be used in Bangla and not sold off abroad (historical gripe of locals, who are now onboard)
- Almost half the shares are held tightly by CEO and associates directly or indirectly (why it’s so hard to buy and moves the way it does)
- CEO practically self funded this not taking a wage in over 3 years and keeping us afloat because the LSE listing and the securities it brings is essential with the kind of money involved in a country like Bangladesh
- Funded until end of May at which point we’ll hopefully be in the pounds, not pennies and future fundraises (3m loan repayment) will be off the back of this new SP
A lot of posters went to the recent AGM where the mood was the best they’ve described in years and comments like ‘next year Champagne instead of tea’ do little to calm enthusiasm like mine lol
We have so much short term price triggers to come with confirmation of NED appt, TR1’s, press releases and details of the proposals this month being leaked a measly 10m mcap will hopefully be blown out the water when we have a hundred billion pound asset on our hands. So first for me is 100m mcap which equates to around a 60-70p share price.
New entrants need to know us LTH’s have waited years for this and most are in red, there’s no way we leave here without approval.
As always, with any share on Aim only risk what you can afford to lose but as far as risk vs reward go this is the best gamble available on Aim right now and being top of the leaderboard today reflects that. GLA and have a great weekend
Earl this feels like de ja vu
You were here last week and sent with tail between your legs.
Short story for you.
GCM have cash until May 2024
GCM proposal to gov March 2024
GCM proposal approved well before cash runs out resulting in a SP likely 50p-£1
Come June nobody is worried about a raise when the SP is 10x today at least.
Then come Power China our JV partners invest billions to get the mine operational and we retire.
The end.
Anyone looking in read through this thread, it’s a press release from yesterday. GCM open pit mining talked about by energy minister as one of very very limited options available to them given current climate and their need for coal.
Dickie calm down on the spam PLEASE
I did say a few days ago it wont be long until we appear top of leaderboards boys, but this isn’t it. We got a long way to go yet, with such little available on the ask and NED confirmation yet to come coupler with proposals to govt this month and an inevitably looking green light, new years fireworks are coming early for GCM this year.
As Keith said at the AGM ‘next year it’ll be champagne at the agm instead of tea’…..read between the lines!
Those looking in really need to read through Pappi’s comments earlier with press releasing mentioning GCM and the need for open pit mining from energy minister. Proposal to govt getting submitted Q1 2024….yes, that’s this month!!! 100 billion asset with the green light seeming inevitable….5p is nothing, like literally nothing.