The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Been saying this for a while , they sell a few off below bid to bring the price back down while they are accumulating, the higher they let it go the more they pay for there stock , it won’t go anywhere until they have what they want and let it go , legalised fraud .
IG ISA
1 4€
• GCM Resources PLC
Quote details
SELL at 5.3
Quantity:
Consideration:
PM Levy:
Commission:
Total Proceeds:
1000000 shares
£53,000.00 *
£1.00 *
£8.00 *
£52,991.00 *
* Estimated Values
You don’t see this often …..The mm’s will take 1 million shares in 1 go at 5.3 .
Good find , you have to feel sorry for the Bangladesh people they have been failed by there government while they fill there own pockets, It must be a living hell there at the moment and the solution is so obvious,
USE YOUR OWN RESOURCES….DIG YOUR OWN COAL
Can a delisted stock be relisted? A delisted stock can theoretically be relisted on a major exchange, but it's rare. The delisted company would have to avoid bankruptcy, solve the issue that forced the delisting, and again become compliant with the exchange's standards.
I have seen delisted company’s relist in the past, Polo has substantial assets and is by no means bankrupt. My understanding of it is tang allowed it to delist by not replacing the nomad as other large shareholders wanted him to do something he didn’t want to do so he delisted it to keep control. When the time is right for him I’m pretty sure he will relist,
All the management in GCM have plenty of shares or/and share options it would make no sense to delist gcm , take no notice. I would also of thought if GCM get the green light Tang will relist polo the unlock his own wealth, just my thoughts.
It would be ideal for hasina if joy takes over, like mother like son. He’s not exactly going to look into the corruption that’s been going on for the last 20 years or so. She’ll be able to hand over her black book of corrupt contacts and even put him in touch with her Swiss banker . On the back of mass suffering of the people she has Vowed to protect . Everything that is happening in Bangladesh right now falls squarely at her feet . Never mind retire I’d like to see her thrown in jail. Maybe she’s planning on signing the phulbari deal as a last thing to go out on a high and do the only single decent act she’s done since coming to power.
I take your point about supply and demand 99 but still not sure the trades are not manufactured to manipulate the share price to where they want it which I find annoying but agree sales of 300k are neither here nor there as I am here till the end good or bad.
I’m sure £3 per share would be enough to have most shareholders vote and love your confidence. It would be a lovely Christmas present for me personally suppose we can live in hope. Would be happy with just for another update at the moment to try build on the recent momentum I hope they don’t let the recent confidence fade away again
They have wiped of 16% of all shareholders holdings without any justification , any other business it would be classed as fraud but they do whatever they want with no one to answer to . There is a lot of money at stake here it’s about time it was regulated , would be an idea for the mm’s to need a nomad to keep an eye on them.
386,262 sold
271,323 bought
114,939 net sold , approximately £7000.
And that’s if they reported the trades correctly which I very much doubt, and they bring it down 16% , absolutely ridiculous , in my opinion should be criminal. Mm’s looking desperate.
MM’s at it again , someone bought over 10k yesterday morning and didn’t move the price at all 7k of sells today and they drop it 8%, More than likely trying to panic people into selling while the pick up cheap shares, hold tight something has to give soon with the odds shifting in last few months in GCM’s favour. DYOR
Fair enough. if you had asked me at Christmas I would of probably agreed with you. I bought back in at the time of the last raise thinking if Kilkenny and co are getting back in something must be going on only to see it drop 50%.
I’m now convinced something is going on. What that is or what it will mean to shareholders is anyones guess but things feel different this time round, just my opinion, it is clear pulbari is well and truly back on the agenda and being seriously considered. And Bangladesh are desperate with very little options . Things have have changed worldwide with most of Europe going back to coal, they have a new power station getting commissioned with no coal to run it, it’s farcical.
I watched a presentation Gary Lye gave years ago recently in which I think he addresses all the water and farming issues and things have moved on massively since then , if the government want this to happen it will happen, protesters or no protesters .
https://www.youtube.com/watch?v=1R4_TPa7mUk
I think this is it,
Pulbari. I don’t want to get personal or course an argument but was wondering why you are here ? Having a quick look at your posts you have been constant in your opinion that hasina will not give permission to mine , your favourite saying which you have used regularly since you joined, is “she won’t dig a big hole in her own back yard” I mean I wouldn’t dig a big hole in my back yard but might change my mind if someone was going to give me $100billion. Unless there is something your telling us , like everyone els you have no idea what the discussions with the gov are .
Of course you have the right to your opinion and it’s just as valid as anybody else’s . You don’t try force it on anyone els and I do respect that , I just don’t understand why someone would invest money in something they have no confidence of happening,
Obviously there is no guarantees and your right we’re all just hoping and guessing but pulbari has been a dirty word for years with government officials scared to even mention it now at least it has been confirmed they are seriously considering it.
This is the Phulbari section from that article:
“The Phulbari conundrum
The Phulbari coal mine project has been one of the most discussed topics in the country’s energy sector for many years for the controversies surrounding it.
It has been “radioactive” since three people were killed and hundreds injured when law enforcers opened fire on a procession of locals protesting against the open-pit mining project on August 26, 2006.
Awami League, which was the opposition party at the time, supported the protesters and pledged to not open the mine if/once it comes to power. However, amid the ongoing crisis, the government is wholeheartedly considering all aspects — environmental, economic and political — and taking precautions to even discuss mining at Phulbari, said officials.
Meanwhile, multiple sources have confirmed that both local and foreign syndicates are using the energy shortage as an excuse and lobbying hard to get the government to restart the Phulbari project.
Even Asia Energy, which rechristened itself to Global Coal Management after facing mass protest in 2006-07 when it was working on implementing the project, has approached Petrobangla to get its hands again on the Phulbari coal field. The company gave a presentation at the energy division recently, highlighting the benefits, sources said.
It’s been said that the total amount of coal from the Phulbari field will be able to generate 6,600 MW of electricity for 30 years and the government will earn $7.5 billion in taxes and royalties, said sources at Petrobangla.
Talking to The Business Post, energy expert Professor Badrul Imam said that domestic coal extraction has become a highly debated issue. “We need energy but we need to protect the environment as well.
“We need to find out the right methods and technology to figure out the most feasible way to extract coal from the local fields without harming the environment while protecting the national interest,” he stressed.”
It is clear that Phulbari is definitely being discussed and has been for some months. The need to mine coal in Bangladesh is very clear and Phulbari is ready to go as soon as they give the green light.
Bangladesh is up sh@t street without a paddle pulbari is the only realistic answere to there problems , They have no funds for any other options and as far as I no ( happy to be corrected) we are the only mine with all the studies done and ready to go , I’d say we are a 5/10. A big improvement on 1/10 from last month
Sorry gooner I have to disagree the story has completely changed. The government is openly talking about mining pulbari and GCM have confirmed they are in talks with the GOB , Im thinking either the proposal is already in or they are negotiating the details of the proposal. What ever way you look at it things are certainly looking more positive.
Date Time Trade Prc Volume Buy/Sell Value
14-Sep-22 08:50:14 6.00 50,000 Sell* 3,000 O
14-Sep-22 08:49:39 5.80 1,020 Sell* 59.16 O
14-Sep-22 08:49:31 6.00 50,000 Buy* 3,000 O
14-Sep-22 08:00:28 5.95 200,000 Buy* 11.90k UT
How can the 3k buy and the 3k sell be exactly the same with a 12% spread. This won’t have a decent rise until it’s what the mm’s want. They report the buy and sell which ever way they want to keep the price where they want it. I would like to see it regulated so they had to report it accurately.