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Hi Adam , you are correct as a shareholder in polo and someone who lost thousands of pounds when Tang simply decided to delist the company for his own gains I am very anti-Tang , Gcm is in a better position now than it has been for years and believe if it wasn’t for Tang/polo asking for a section 168 to remove Christian we wouldn’t be suspended and the share price would be way north of here , I am worried lightning will strike twice and I will loose considerably more if tang wins this vote .
I do except it looks unlikely someone would put 500k into a company without the expectation of a return so that is a big positive. If we managed to recruit another couple of NED’s meaning even if Christian was dismissed we wouldn’t get suspended I would be delighted and more relaxed about the situation, after what tang done to polo he simply can not be trusted .
If Christian is removed from the board the nomad has said they will resign with immediate affect resulting in GCM being suspended. Not forgetting it is Tang who has instigated this and what he has done to the polo shareholders in my mind it is imperative we keep Christian on the board, I’ve already voted to this affect and ordered my letter from IG , £120 disgusting, to attend the AGM ,
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Got this from IG this morning regarding AGM attendance
What do you need to no, If Tang wins the nomad will resign with immediate effect and GCM will get delisted, exactly the sam as polo, shareholder will loose everything, exactly like polo, it is imperative we keep Christian on the board, we all need to vote,
I fully agree with you and I think anyone with shares in GCM would to which makes it all the more sinister why tang is trying to oust Christian causing the nomad to resign and GCM to delist , The timing of this is both suspicious and appalling
One thing I did notice is tangs wages are crippling our finances, 303k , almost twice Gary lye who lives in Bangladesh and runs the office , has always shown to be fully committed to GCM, if I remember correctly he spearheaded the campaign the last time approval was given,I for one would love to see him chairman instead of tang , we would be 303k a year better of straight away , I read somewhere in the rns about it takes 20% of shareholders to table a vote to remove tang , is there intone on this board who has a better idea how to go about this
There is a lot at good news in that rns , The fact that they are welcoming a partnership with the GOB is a stroke of genius as you said last week redimines they will not let the “foreigners “walk of with the Crown Jewels This gives them the opportunity to give approval but claim a victory at the same time , this should of happened years ago and we would have approval already , Things are looking so much brighter now with are chances of success massively improved. I wonder what the share price will do once the suspension is lifted
The Board considers that its composition is satisfactory and complies with the QCA Code, however, is currently actively recruiting one or two further non-executive directors to improve its Board composition.
It seems they are in the process of recruiting more NED’s at the moment, It is clear Tang is no acting in the best interests of the company by trying to remove Christian and also that Christian is standing up to Tang and refusing to go , I will be at the meeting voting for Christian to stay and would very much like a motion to get rid of tang , Does anyone no what w need to do to make this happen
At this stage it is all possible as I’ve said before GCM has a watertight ship nothing is ever leaked, this is why we need to find out who the new votes are voting for . Hopefully it will all come out in the wash this week and be favourable for the shareholders
Between polo and diani they have 34.9% . There is also DG inretch who get paid in shares for seemingly doing very little so are probably under Tangs control so he probably has 40% ish. But that also means every person who doesn’t vote is a vote for Tang so we need to really ramp up and get the message across how important it is for everyone to vote.
It would be amazing if we could vote a couple of new board members before the AGM , maybe the guy who has just stumped up 500k or some one from ETX Capital who put 1.3 million in at the last raise. Both these parties have deep pockets and we would expect them to fight for there investments
The board refused the polo loan knowing it would give Tang full control instead opting for this option which hopefully takes control over the destiny of GCM back from Tang and he’s going after Christian as a result. We need to know who controls the new shares.
Having already had shares affectively stole from me when Tang delisted polo I have always hated him. He can not be trusted and I am sure he does not have our best interests at heart. We need to do our part now and turn up at the AGM and vote for Christian to stay. Tang doesn’t have enough votes and is relying on us not bothering to go. You can not complain if Tang delists GCM if you don’t vote. We need to show him we will fight for what is ours. WE ALL NEED TO VOTE
On a more positive note the fact that tang has seemingly made a move I am more confident there are wheels in motion to mine Phulbari. We just need to make sure us, the shareholders are at the party.
I think we can all agree with someone willing to put 500k in to GCM they must be confident of a return on there investment , I would expect us to be out of suspension this week and trading again,
What I’m really interested in is ,If tang is trying to push Christian out whose side are the new 30million votes going to?Tang or Christian.I don’t trust Tang at all and am confident he would throw us all under a bus and leave us with nothing if he had could. So for me it is crucial to no if Tang controls them votes or not. If he does along with Diani ,polo and DG he now controls the vote and can do as he pleases if he doesn’t by my reckoning he’s lost control of GCM vote,
Read back through my posts I’ve been saying this for such a long time , Tang is a vile disgusting human being , The rest of the board should of stood up to him years ago, Kieth Fuller has over 1 million shares and Gary Lye has a decent allocation in his contract so both stand to loose as much as us no to mention there jobs.
The question is what can we do about it now? We all need to stand up and be counted. We all need to vote against the removal of Christian at the AGM. Tang is one very clever man , has been a QC and head of legal in a huge firm so we are most definitely up against it but we must stick together and try
My mistrust and dislike of Tang are well known, however in this instance I think it would be extremely risky for Tang to delist GCM when the tide has most definitely turned in GCM’s favour with mining there own coal articles in the Bangladesh press almost a daily occurrence , How would Power china or the Bangladesh government view such a move ? The Bangladesh government might use it as an excuse to revoke the licence all together.Also why would he want to now, if mining approval is given he stands to be a very wealthy man , GCM have a watertight ship they tell no one nothing so we will just have to wait and see , hopefully only a week left unless it is extended again, literally anything could happen
Even the UK is opening a coal mine after 30 years, Is there hope for phulbari after all these year, the stance on coal has definitely changed, phulbari has been consistent for years saying she won’t mine phulbari, I have questioned in the past why anyone would spend all these years in a share they don’t think will ever pay off, he would have us believe he is a share holder but I find it hard to believe anyone would stay in a share watching the price plummet to 1p if they new it was hopeless. This is only my personal opinion just like him saying she won’t mine is simply his opinion, just an opinion, I also believe phulbari will be mined this year , I believe this because she will simply have no choice , my only worry/concern is wether we the shareholders will get stiffed by Tang .
https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwjBvY3K9s2DAxX0_rsIHeFkAW4QFnoECBUQAQ&url=https%3A%2F%2Fwww.theguardian.com%2Fenvironment%2F2022%2Fdec%2F07%2Fuk-first-new-coalmine-for-30-years-gets-go-ahead-in-cumbria&usg=AOvVaw1RijtQRFe2KtVioRDec6u5&opi=89978449
Https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwjniYjj9M2DAxXTVEEAHbhpDqEQFnoECA0QAQ&url=https%3A%2F%2Fwww.ft.com%2Fcontent%2Fc60d0b27-cc11-4f8b-9de0-0139540369c7&usg=AOvVaw08Z2WcGHHgUNV15ksugrKI&opi=89978449
The world is changing and Maybee she will have no choice but to change with it or risk bankrupting the country,
So let me get this right, Tang has loaned GCM money so he can pay it back to himself in wages and not only will he get most of the money back in wages he will get a shed load of shares for his troubles, the man in a genius. Once again demonstrating his only concern is himself , demonstrated by all the polo share holders who are left in limbo with no way to access there investment simply because Tang has delisted it, The man can not be trusted.
Is she wins the election we are back we’re we started I believe it is not a case of she won’t use phulbari coal more a case of she won’t let a London based company have it , she can not be seen to hand over one of there Crown Jewels to the west, I would like to see us sell the licence to power china or back to Bangladesh and put us long suffering shareholders out of our misery. Surly £1 per share is a bargain for the licence.
The worst thing that ever happened to GCM is Michael tang. He’s on a ridiculous salary and apart from milk the company dry by introducing companies like dyani who are probably a ghost company belonging to tang , who keep getting a huge amount of shares for hitting invisible milestones has done nothing in his tenure, we are in a far worst place than when ho took over. The next share rise is simply more money for tang, we can’t even vote him out it’s far to late he has too much power, I’m sorry to say we’re screwed..