Member Info for adamk87

Damn, that’s great! Thank you Phulbari

Leaderboard really does attract all the idiots. No licence? Pretty sure you’ve played this card before and were sent with tail between your legs.

Renfinancing, you are correct but with proposal being put forward Q1 the landscape will look totally different on any future fundraise. We’re talking a hundred billion pound project here not your typical aim squabbles - on approval our cash injections will look very different with Power China already committing over 5 billion $ to get this up and running within 2 years.

Hope that helps Torino. What i will add is, nearly all of us LTH’s invested here are in the red, with very little volume available at these levels, so any and all day traders will be flushed out relatively quickly.

There’s risk involved (if approval is rejected), but imo it’s the best risk vs reward share available on Aim. The ducks seemed to be lined up correctly so lets hope for the best.

The best/thorough update we’ve ever been provided was 29th Jan you can find all relevant info in there, here are some extracts from it:

- The State Minister for Power, Energy and Mineral Resources even spoke in parliament on the extraction of these coal resources, citing that the Phulbari coal deposit is the country's only realistic open pit coal mine option, implying its potential for delivering significant long-term coal production for power generation. 

- Throughout the reporting period and beyond, the Company's Dhaka-based team has maintained contact with the relevant government agencies and there is credible evidence that the "new plans" cited by the Honourable Prime Minister are being framed and that such plans are addressing domestic coal extraction and exploration efforts for new gas. This is exciting news for the Company, the Project and its Shareholders and efforts are being made to ensure we are in the strongest position to engage with the newly elected government within the 1st Quarter 2024 and deliver the Project Proposal which includes a large-scale Solar Power Park as an adjunct.

 

The Company's relationship with its Development Partner, PowerChina, continues favourably evolve and they are now also involved in the proposed Solar Power Park via a JDA signed in January 2023.

- Our Dhaka team maintains contact with government agencies and has seen evidence that the forementioned momentum towards developing the country's known domestic coal resources and increasing exploration to identify new gas fields is waxing. The downturn in key economic indicators has seemingly been an awakening and it is most fortunate that the country has such a world class energy resource as the Phulbari coal deposit that can easily be developed and help insulate against the vagaries of the world energy market.

- GCM has patiently been working to be in the best position to present the Project Proposal to the Bangladesh Government and would welcome its participation as a partner in the Project. With the apparent move towards finally realising the potential of domestic energy resources, now that the National Election has been completed and the Awami League government returned, we are targeting Project Proposal delivery once the new government has settled in.

Yes and no Altube, although I’m convinced it will happen there is the possibility the govt will ask for ‘x’ & ‘y’ before they can approve. This grey area or any shift in govt stance towards approval will see a substantial rerate imo.

If it’s a No outright then i agree, it’s back to the drawing board but everything (literally everything) points towards a YES!

I think not posting is a wise idea, just clicking on some of the posters id’s like petro and he’s posted the same deramping drivel across like 20 shares this week. Will get back to it once they clear off. GLA

Something i posted almost 4 weeks ago as a brief update to those looking in and curious as to the rise - reasons below are why we believe approval will be given. We were waiting on confirmation of NED appt’s which were all but confirmed yesterday, SP should be much much higher with potential approval only around the corner.

adamk87

Posted in: GCM

Posts: 3,606

Price: 1.85

No Opinion

RE: Topped up again3 Feb 2024 12:31

They were already looking for an NED as per recent update. More than likely already had someone stepping in after agm, hopefully it’s a case of just pushing his start date back.

If you need the cash, then sell…same with any share. Don’t do it because it’s now more ‘riskier’ than ever…because it’s also now more ‘lucrative’ than ever if you’re looking at it glass half full. Let me explain why:

- decimated share price

- end date in sight (7 weeks, not 7 years)

- every macroeconomic factor in our favour (inflation, gdp, production and employment)

- a power house in Power China as a partner

- someone new investing £500,000 only last week

- lobbying the govt for last 12 months

- crumbing Taka (local currency)

- govt involvement in the project (sweetens the deal)

- coal to be used in country and not sold abroad

Huge spread to dissuade traders, due a huge rerate and can’t move it up in 0.1 increments hence wider spread

For anyone looking in, proposal to govt to be submitted Q1 2024 (might already be with govt for all we know) for hundred billion pound asset with the vast majority of us LTH believing approval will be given this time round.

Most of us LTH are in at a much higher average than current SP so buying sub 5p is a steal (values company at 10mcap - will be closer to 100x that on approval next month).

GLA

I’m glad the market isn’t giving these up cheaply and well done to those adding ‘when others were fearful’ now let’s get back to 3.5p followed by 6p, 12p and 25p for starters.

It’s hardly letting anyone in already, market knows what’s up.

Gcm is a diesel engine that can very easily turn super sonic at any time. The whole of aim knows this, when they get wind of proposal put forward within 4 weeks every man and his dog will arrive here. Hoping we’re still off radar and approaching 6p by then, the gravity of what we have compared to a few million mcap will kick in big time then.

Ngl i’ll be a little disappointed if SP isn’t 3.5p close of play tomorrow. We were at this price less than 2 months ago prior to temporary suspension, with news flow and confirmed proposal to be put forward within 4 weeks this is the least we can expect now NED are all but confirmed.

So basically company is happy with their 2 candidates, waiting from the OK from nomad before confirming appointments.

Proposal put forward Q1 boys, that’s in less than 4 weeks…it might already be with the govt for all we know! Once nomad ok’s the NED’s it means we aren’t going anywhere and i believe wholeheartedly the proposal put forward will get the go ahead this time round with govt involvement in the project.

Price has been held back for far too long with what’s around the corner for GCM - it’s time to make moves! GLA can’t wait to see what the next few weeks bring us!!!

Yes but that was always going to be the case, first week of March is what i figured back when they first announced it. The fact they now have their candidate it’s a case of dotting the i’s and crossing the t’s.

Boom time is coming very very soon!!!

Ooooo yeahhh!!!!! That’s exactly what we needed!

Sensational is having titles with SUSPENSION written in them wise one…someone did that not long ago. Lol

Wow plenty of nice worked buys into close, makes sense with the SP being held back on what is still big volume, similar buys/sell ratio to what it was on the recent climb up.

With potential double (short term) and triple (long term) figure SP potential i’m firmly holding here and taking my chances, i like the idea of ‘transformational share holders growth’. GLA

‘If such additions to the board are not made to WH Ireland's satisfaction’

A LOT of ambiguity with this, not open and shut as you think. That’s how these things work, it’s better for us a strongly worded statement was put out and outside of this we’ve spoken in depths about for and against arguments.

For what it’s worth here is how i see things playing out.

Current SP 2.1p

Confirmation of NED appt this week/next week with mention of plan being put forward to govt Q1 as stated last month will see a SP of 6p

Towards the end of March in anticipation of getting approval pre confirmation 12p

If no NED announced by next week then we drop back to 1.7p and suspension until one is found, which they will and above scenario plays out again.

If approved which it feels like now is our time, then sky is the limit, literally…early retirements.