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Haha mankini 😂😂😂
Remember boys, last week’s funding RNS was provided for a reason, it definitely felt like a stipulation for green light and was given. I’m certainly of the opinion our time is coming very very soon!!
100% mate either way it’s win win for us. They stop buying and TR1 is issued will send us up, they carry on buying will keep pushing the SP up.
I’ve kept a close eye on them for weeks, the buying has been more relenting this week, so either their trying to fill the order, are expecting a rise and accumulating as many as possible at these levels or this sort of volume is what will come through each day (will definitely help SP).
Https://www.lse.co.uk/ShareTrades.html?shareprice=GCM.GB.PL&share=Gcm-Resources-Plc
You ever include these Searcher?
I make that 8x 100k buys today, there were quite a few yesterday too. Not chump change that’s for sure….and they’ve been accumulating for weeks.
The number of 100k tranches picked up over the last 7 weeks is crazy. Someone is taking up a big holding here, which can only be good for us pi’s. Can’t wait to find out who it is….
I’ll answer for you Duster, previously we were at £8 per share with a target price of £21 thats a £800 million mcap for approval when the coal price was lower, no partners, none of the studies completed the past 15 years, a path to commercialisation that would’ve taken considerably longer with many obstacles, so yeah a billion is definitely within reach and for your metrics that’s 1% of asset value, which is a below minimum metric reading for any book you might recommend. Lol
Fyi i’m of the opinion we get bought out before any coal is sold, the Chinese will be all over this once approved. Paying a billion $ mcap value for a 100 billion asset is good business, wouldn’t you agree?
My response wasn’t from GCM - i contacted our Nomad and asked to speak to the person listed on RNS, he wasn’t available so spoke to a colleague who was very forthcoming.
Advised them of our predicament and any advice is appreciated, he asked which company i was calling about and was super helpful discussing in more detail than i expected (all of which I can’t write on here - but if anyone needs peace of mind, it’s definitely worth a call).
Duster the last time this WAS ABOUT to get given the go ahead it had a mcap of over 300 million, that was when the price of coal was considerably less than what it is now, before we had a financier and partner in Power China providing us with an avenue to actually extract the coal, before agreements were reached with locals to move them out.
If we were a 300 mcap on ‘potential’ approval then, what would we have been if given it??? Add into that all of the above and you’ll come to the realisation that you’re the one talking crap.
What value would you put on a 100 billion $ resource? Given we have a path to commercialisation lined up already
He hasn’t posted on this board and doubt he will.
Our accounts were submitted and we will remain on Aim.
https://www.lse.co.uk/ShareChat.html?ShareTicker=POL&share=Pol
Maybe ask here. Polo own a large % of GCM and will be in the money soon, what that means for you shareholders I don’t know exactly but it can’t be any worse than it is now.
Hoping you guys can share the coming success of GCM.
So i just called our Nomad, receptionist put me through to ** in wealth management and he said although he’s not the correct person to talk to, it’s normal for any background checks to take weeks especially if the business is overseas and the nationals in question are foreign, that it’s nothing to worry about, having asked company name just before that. He can’t give market sensitive info but was very reassuring.
An NED was at the recent AGM, one will be appointed.
If not, personally I don’t expect anything without a LSE listing. Regardless of being able to sell on alternative markets etc.
Tangs own investment hinges on the LSE listing hence self funding and not taking a wage in years to keep it alive. We already know an NED has been found and will be appointed once Nomad completed checks, maybe give the Nomad.
18-Mar-24 10:08:15 9.00 100,000 Unknown* 9,000 O
18-Mar-24 10:05:14 8.94 100,000 Unknown* 8,940 O
18-Mar-24 11:04:54 8.30 1,090 Buy* 90.47 O
18-Mar-24 10:04:52 8.94 100,000 Unknown* 8,940 O
Our buyer continues to add.
Must have a ridiculous amount of shares, given they’ve been loading up since 1st Feb - need a 3 day lull in buying before having to issue TR1. Would love to know who it is haha but either way, follow the money.
If they keep going another 2-3 weeks and approval given, there’ll be a good chance it’s a govt linked entity taking a position.
- Proposal submitted within 13 days
- 100 billion $ asset
- Active buyer
- Small free float
- Bangla needs our coal more than we need them
Perfect storm is brewing boys. Once we break 13p it’s a clear run up to 40p
The article says ‘by April’…so the next 12-13 days.
Imagine saying to someone you’ll have work done by 10pm. That means come 10pm work needs to be done.
April starts in 13 days, so ‘by’ then this will be with govt.
Am i reading this wrong? Or are others. Lol
It wasn’t aimed at you mankini, but question for you…when was the last proposal put forward to govt (not including soft approaches)? Something we can compare this too.
Hint..you’ll struggle to find one. Lol
We can’t compare this to late updates, financial reporting etc because it’s not just GCM involved in the process, hence i believe it will be done as stated in official release.