Member Info for adamk87

Goody no way anyones trusting professional with more than £100 - you get more sense outta a loaf of bread!! LOL

It’s usual and predictable GP, without a definitive end date the market will test the resolve of holders, accumulate shares that they’ll sell back higher.

Why offer a bid of 9-10p while waiting knowing plenty (mainly newer holders) will become impatient and sell - offer 6p, coupling impatience with doubt/fear and boom.

Nothings changed here as far as approval being a near on certainty, what happens between now and then is almost irrelevant given what the SP will reach.

‘Buy when others are fearful’ quote was made for times like these! GL

Spot on Terry 🎯

GP….some words of wisdom from NC. Safe to apply the same logic here. LOL

NCTrade

Posted in: HE1

Posts: 868

Price: 1.025

No Opinion

RE: Buy buy2 Apr 2024 09:01

Just remember folks, nobody spends so much time and effort knocking a bad share…

NCTrade

Posted in: HE1

Posts: 868

Price: 1.075

No Opinion

RE: Terrible Humans28 Mar 2024 12:23

A whiff of news and this will surge...

I think he’s bullish.

From the link posted:

Nasrul Hamid said, "It is time to consider the opportunity costs, whether it is more profitable to set up an alternative fuel power plant, and who will be the potential customers even if electricity is generated. Some proposals have come to set up solar power plants," he said.

From JDA:

GCM Resources plc (LON: GCM), an AIM quoted mining and energy company, is pleased to advise that it has agreed a Joint Development Agreement ("JDA") with PowerChina International Group Limited ("POWERCHINA"), and Dyani Corporation Ltd ("DYANI") in relation to a proposed new greenfield solar project called the Dinajpur Solar Power Project ("SOLAR PROJECT") which would be an adjunct project in conjunction with the Phulbari Coal and Power Project ("the Project").

In 2006 when approval was almost a certainty (until locals protested, resulting in deaths and pressure on the GOVT on election year) the share price was 850p, the equivalent of 150p in todays money, a ton of coal cost approx £13 then compared to almost £100 now (more given the quality of coal at Phulbari).

In 2000’s the likes of Barclays were ready to finance the mine, partnering Asia Energy - given it was Hasinas first term as president, it being election year, the pressure resulting from loss of life at protests was too much so she decided against giving it.

A lot has changed since then and we’re now into Hasinas last term as president, we have Power China on board, the locals who contrary to popular belief have only been in the area since the mid 1970’s and in the most part were fully supportive of the original bid for approval. The main kicker being the price of importing coal isn’t sustainable, a local alternative is needed…that alternative is Phulbari.

It’s a weird one, a sell went through 8.01 for £500 @ 5.61 - the 250k trade was a minute later for 5.67, a higher price.

Looking at the spread one would assume it’s a sell - the above logic indicates it’s a buy… one things for sure, mm’s are having a field day in the background.

I think we can. GL

Fyi their current selling average is more than 7.1p.

Profits are calculated once all their shares are sold, they’ve been selling from 6-8p - if their average sell price is 7.1p they’ve made 200k in under a month.

Newbof try to open a short on GCM and see if it’s possible.

Assuming the green filter box is professional commenting (there’s 3 of them on there now so can’t be sure), he’s only here to stalk wise owl - he’s not a buyer on the rises or has any shorts on the drops, just a full time stalker.

On the price action itself, more background shenanigans taking place, expecting a 6p close before a gradual climb back up having visited the low today. Mm’s clearly desperate to fill whatever orders they have in the background, let them have their fun..non of it matters to us when news drops.

GP it’s markets equivalent of foreplay.

I believe they have an expiration date on the buy order, our news will arrive shortly after it, join the dots…that’s AIM for you.

Power China are an arm of the government, in 2023 it was 105th among Fortune Global 500 companies - couldn’t ask for a bigger/better player!

What they’re doing with Phulbari they’ve already done before with the Barisal coal fired power station (investment, construction & operation) among other projects like wind farms etc.

I agree the funding contract is a stipulation to approval ensuring cash is readily available….there’s no reason to put it out otherwise and PC don’t sign contracts for the sake of it. Sit on your hands now, we’re at the end game!

** Established in 2009, PowerChina's main business includes infrastructure engineering and the construction and design of energy and power projects. It inked deals worth over CNY1.1 trillion (USD152.4 billion) last year, a 13.2 percent increase on the prior year.

😂😂😂

I pointed out the trading zone last week or so, it’s gonna remain within it and as mank pointed out, once the impatient/bored holders have given up theirs cheaply there’ll be a spike back up to incentivise more activity.

Redeye i was typing out my post while yours went live so only just read it. I believe we’re thinking along the same lines…my figures do however match up with sha***d.

I still believe there’s a decent amount of churn left and the makers will create a market soon for them to offload, be that a random spike or off the back of imminent news is anyones guess.

My figures match up pretty much exactly the same as yours sh***ed (nice name lol).

They took the placing, essentially buying for the same reason as us, to make a profit.

They’ve sold some early, recouping some of the cash used in the placing and will continue to do so until they’ve recouped the fronted money, once they’ve banked that it’ll be interesting to see what they do with the remaining 20% or so shares they’ll have for free.

Getting through a churn of 30 million shares is no joke, especially for a ‘binary bet’ of a share that is GCM with historically low/average trading volume, it’s a massive gamble to take for 10-15% profits…

Given we had these guys and plenty of others interested in taking up the placing, you know they’ve been given more info on current happenings with the company than us pi’s (we’re usually the last to know) - anyone who thinks ‘market sensitive info’ isn’t subtly or blatantly presented to financiers is playing ignorant.

To conclude, nobody is throwing away 2m into a company in Bangla that’s never turned a profit, unless they are 100% certain of returns…have a think about it guys.

There’s no comparable alternative to Phulbari for the amount of coal, in the time it’ll take to produce.

The buck stops with us boys, you can be certain of it.

Mm’s filling background orders - record breaking volume month on month for GCM since the new year, moving the price up & down like a yo yo, non of it’ll matter when the market gets wind of approval…until then, we wait. GLA!

It’s a free board, say what you like.

Filter option really is your friend as I’ve recently found out!

We are on the cusp of a major breakthrough, 20 years in the making..55 million invested by GCM to get us this far with feasibility studies etc, ‘someone’ taken more than 15% of the company having accumulated since beginning of Feb, 1 billion pound agreement recently signed with a fortune top 500 company (place 104), bangla in desperate need of the coal, a hundred billion $ asset with money to be made as coal is mined (17 billion $ worth) - I believe is a stipulation before approval ensuring funding is readily available, govt has nowhere else to turn!

Hawk hopefully that is rampy enough for you 😉 it’s the truth!! Anyone that doesn’t agree feel free to filter me!

Now let’s get this churn out the way so we can start moving back up!

Searcher, they have no choice but to give us the 👍🏽

Thank you for translating.