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I remember this post from redeyemines a few weeks back and it’s spot on . If we can get a couple of new NED’s on board and get a proposal into the government in the fist quarter , this will be in the ££££,

RE: FAILURE IN SUPPLYING PRIMARY FUEL TO IMPEDE ECONOMIC GROWTH22 Jan 2024 15:03

Unfortunately SMTM you are of course dead right.

-There must be deals already in operation that are keeping various people in luxury, and we will need to offer a huge incentive to be able to turn things in our favour.

-One of the biggest hurdles, must be that we are still regarded as a "foreigner" trying to steal the crown jewels, and of course, i suppose we are.-------

-Would it be different if GoB owned the licence and not GCM--you bet it would---and i'm sure that if that had been the case, then the deposit would have been dug up years ago.

-So how can the Gov change things ?

--By getting hold of the licence, or at least a huge % of it----so here's a suggestion.

-It looks like we have another placing heading our way, ---anything from say £500/- to £3 mill.

-So instead of just giving it to unnamed II's, how about giving the whole issue of new stock to GoB.

--A fund raise of say £2 mill @2p could give the GoB 100mill shares, or about 33% of GCM.

that really would be a substantial stake for next to nothing, and would put us all on the same page.

-I did suggest this to the Co, but as usual, I got no reply.

Crazy couple of weeks a head for GCM one way or the other this is it .

Regardless of what we think about M Tang someone has put up 500,000 thousand pounds. If we were delisted that would be a huge blunder, I have decided on that news to stay in and see how it goes, Pays your money and takes your chance,If the proposal is put forward this will absolutely explode. Good luck to all shareholders

You would have to assume who ever stumped up 500k knew Christian was resigning and was still happy to invest , wonder if they bought in for a position on the board Not long till we find out .good luck to all holders one way or the other this is the end game

The way I see it I will be voting for the pr-exemption rights , I think they are used to raise money if the company needs it in an emergency, like the 500k we have just raised ,

Also don’t forget to vote FOR the re-election of Gary Lye , if it is tangs goal to get the company delisted like polo it’s possible he will use his votes to block Gary Lye from being re-elected which would be disastrous for GCM ,

Legal - risk that the mining lease and exploration licences are revoked. The Group continues to comply with all terms of the Contract with the Government for "Exploration and Mining of Coal in Northern Bangladesh" and is careful to ensure that all ongoing conditions of the Contract and the associated mining lease and exploration licences are met. GCM has received a recent comprehensive legal opinion that the Contract is enforceable under Bangladesh and International law.

GCM have had the licence to mine phulbari confirmed as being enforceable and legal so no problem there

Some years ago phulbari was given approval to mine and the share went to £8 only for a rival political party to organise a protest where the Bangladesh police shot and killed a couple of protesters . Since then GCM bough the licence and have spent millions doing water table surveys feasibility study’s , resettlement studies and much much more along with joint venturing with power China to build a power station and solar park ,

The Bangladesh government have driven the country into near bankruptcy with there miss management and corruption along with a suicidal policy of importing inferior coal at crazy prices from all over the world , not only does it produce a lot more harmful pollution due to being low grade there is also the extra pollution of transportation

Given the state of Bangladesh’s economy and the fact GCM have announced they will be ready to do the proposal and are welcoming a partnership with the GOB in the first quarter I would say this is the best chance GCM has of approval for many a year, just need a positive outcome at the AGM and GCM will fly , imo

There is a lot of variables for sure and it’s complicated and not straightforward but for me if there is any chance we can get delisted we need to eliminate that option in the bud , if we are ok after the AGM GCM in my opinion should be back in double figures awaiting the proposal to BOD with some sort of partnership on the cards

Can everyone check the amount of votes you have matches the amount of shares you have , I got my vote options through today and it was 340,000 votes but I have 460,000 shares , I have been on the phone today to sort it out and am awaiting a response, every vote counts.

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 ,

Please be informed that when you buy stock using our share dealing service, your stock will be held in our nominee account. We can arrange AGM attendance for you on your behalf – the charge for this service is £100 plus VAT.

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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’m sure I read it somewhere in the rns this morning, I’ll try find it again

AGM has been announced it’s the 29th feb in London .

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.