Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Ollie by the end of May there’s every chance we’ll be worth pounds not pennies bud, bring on any fundraise and debts needing paying back, it’s all relative and will not matter to those buying in at rock bottom down here.
For 90% of gcm’s existence we’ve traded above double figures with spikes into £’s - we are now at the end game with proposals being put forward to govt this month with everything pointing towards approval. Govt is saying as much in recent press releases.
Any day now we’ll be back on top of the leaderboards and these prices will never be seen again.
This is the same reason why i wasn’t worried going into suspension in Dec - too many people have got too much invested in this not to go through.
Tang wouldn’t have lent over 3 million from his left hand to right if he wasn’t sure of a handsome reward at the end of it, he directly/indirectly holds almost half the shares here and hasn’t taken a wage in 3 years instead offsetting it until AFTER approval given the outlook here will look very different, Power China money will be pumped into GCM and we will be the talk of the market.
Not long to go now gents! GLA
Volume slowing down somewhat last few days, price still holding well. You can be sure LB has her eyes on all of this as she alluded to at end of recent interview. She’ll be getting results to the market asap if it carries on this way as the last lull is what triggered her interview - now is a perfect opportunity to build a holding here for those looking in as results will drive this into double figures coupled with potential jv partnership in the not to distant future. GLA
Big moves are being made. The fact we’re seeing these headlines last month of Q1 2024…the same month our proposal is being put forward, simple math is getting me very very excited.
https://www.tbsnews.net/bangladesh/energy/nasrul-hamid-chinese-envoy-pledge-enhanced-cooperation-bangladeshs-power-sector
‘He noted that an estimated $30 billion investment will be required for Bangladesh's energy and power sectors in the next five years.’
I have read, it will take 2 years and that gcm’s coal is the easiest to reach within any mine in Bangla, with some of the best coal globally or better than that which is currently imported. Will try to post a link tomorrow
Small taste of what’s to come when big money arrives here, which it will. Hardly letting anyone in when it moves up so imagine the scramble then, accumulate at the lows, confirmation of NED’s should arrive this week followed by wind of proposal to govt this month! Could be a transformational month for us boys!! GLA
Crowfoot i’ve not lost hope because i’m firmly of the belief Power China have hung around since 2018/19 for a reason - they’ve financed other mines in Bangla and are in the ‘know’ more than any other ‘connected’ individual. If this was a non starter they never would’ve signed in first place, imo it’s always been a case of if and not when as soon as they arrived on scene (hence previous spike up to 80p on JV with them).
Don't get me wrong the wait has been excruciatingly painful but we’re now at the end game. GLA
There might be more shares in issue but we’re talking about a project in its billions, hundreds of them.
By the time we’re up and running we’ll likely have over double the amount of shares in issue with warrants, conversions and interests on debts etc - there’s a lot of cash invested in us getting approval (and screwed if we don’t)- when approval comes even if we had triple the shares in issue it would matter very little as we’ll still be worth £’s with the value of our assets and strategic partners.
Measly 7m mcap is worth a couple of weeks output.
We’ve jumped 60%+ by just identifying individuals for the 2 roles, on confirmation we’ll see a similar move imo as the uncertainty will totally disappear.
If that can be followed up with news re proposals to govt then you’ll really see us flying! Small volume lifted us thus far, with confirmation and a real plan we’ll get back to dizzy heights again soon.
SP shored up nicely here, people wanting cheap entries will have to pay for them, buying with the herd will only result in a higher price.
Looks great for the rest of us, hopefully NED’s confirmed next week then we can really get excited! GLA
Very lucky to be adding at these prices with NED’s all but confirmed! Mm’s not offering much before lifting price, hopefully going in to sticky hands or LTH’s averaging down, we get a sniff of proposal being submitted then really is boom time. According to recent update this will be done in the next 4 weeks.
Thank you the 3 of you for updates! Sounds very promising!!
I’ve been confident before the agm as it’s only ever a matter of time when big deals/money like this is involved. Power China have committed to over 5 billion $ investment in the Phulbari mine, there’s no way that money is leaving Bangla, more so with everything talked about recently.
Can’t wait to see what the next few weeks bring and hopefully we’re updated along the way (please tell me someone asked specifically to update market when proposals made this month). GLA