Astonishingly bad. Wow how this share has fallen. It will take a miracle to save this co.The co has saud itself that it is likely that there will not be a NOMAD appointed in time to stop these shares being suspended.
Do you really think the Nomad issue has any relevance here at all?? Really? Don't be silly. The JV is great news BUT Hasina has not allowed GCM any traction here and I don't see that changing.The Chinese prima facae seem to be saying GCM if you can get this moving then we will join in the fun.However there is a glimmer that maybe just maybe Power China may get involved after all they must have some influence here.Mustnt they? 're read the RNS again.The problem here is!Want I needed to sell and this dampened the PI fervour. This will probably come good but just not as quo k as some are hoping for.Look at the size of that bug today and the sp didn't flicker.I repeat this is nothing I repeat nothing to do with The NOMAD!!!7
Here.The activity on here is top drawer with many in at a high price now trying to average down.The mms pushing the price up and down like a whores drawers.One minute 33p the next sub 30p.Get in at sub 30p and will do well here.Dont get in at 42p like I did.I can wait though. Ignore this chat about £1 next week.Not going to happen.All about the mms now as they fill a large sell order prob Danyi? Next news anticipated end of Feb but as last RNS was delayed some three weeks don't expect any more news till March.Thus share will move north again and soon but not IMO thus week.Try to keep your feet on the ground guys!!!
the MOU, the key objectives of the parties include a Joint Development Agreement by 31 December 2018 followed by a joint submission to the Government of Bangladesh, expected by 28 February 2019. This increased debt funding will be used by the Company in progressing towards these deadlines, to pursue a strategic partner for the development of the proposed coal mine as well as for working capital purposes.
Buys raining in but the sp continues to fall.Personalky didn't see that coming as bought in at 42p Hey no We all learn.TBH can see this dropping further as we wait.Will recover in time but may have to wait till next positive RNS for that.GLAHs
After the news re jv so many people have been shafted and ended up being spiked at 60p 50p and 40p and not to say70p. They are going to have to wait some time to recoup their capital.Even today despite buys exceeding sells by 2 to 1 the sp falls.So much for those stating there are limited number of shares avail.Personally my view is that GCM have a massive asset and after this jv partic with this Chinese company should have moved the sp further north. It seems though this was a clear buy on rumour and sell on news situation. Now all holders need to sit on their hands and wait to see if this recovers.Its not going to be a quick fix.The GOB are just so slow however perhaps PowerChina can have the influence that GCM clearly don't ha e.GLAHSbut you will prob be waiting a while.B4 anyway cries de ramper I am a holder but unfortunately in at 45p!!!!!
O thoughtvthst it was a good RNS but there is so much more work to do here and the The GOB have been dragging their heels for years 're Allowing GCM to mine here.Environmentally there are so many issues but it is clear economically there are a lot if advantages.This JV could work as our partner is a massive company truly massive and of course they already have on going mining projects in this country.In addition the!BOG may find the Chinese a lot harder to resist.Talk of a huge increase in the sp from here is wishful thinking.Feel for those suckered in yesterday at 70p. Definitely interesting times
POWERCHINA has made a strong contribution to Bangladesh, having completed 10 infrastructure projects including 5 power plants totaling US$750m and 12 current projects amounting to US$4.6 billion including two coal fired power plants of 1,670MW. We look forward to working with Datuk Michael Tang PJN and his team to deliver a world class proposal that is beneficial and acceptable to the Government of Bangladesh.
Bought some at 40p.Prib not a good move but shit this is a big player with some huuuge projects in Bangladesh.Just thinking there may be some power now behind GCMs elbow.Still feel for those hit at 70p!!! Good luck guys and you make a wee profit
Bangladesh, POWERCHINA is an investor in and contractor for three large projects, namely, two coal fired power plants with a combined capacity of 1,670MW and a joint venture for the Dhaka Elevated Expressway.