Member Info for Coldspy

Think the stakeholders agreed to stump up an extra 2 million. Up to 12 from initial 10 Wouldn't it be nice to have that kind of cash lying around for them to agree in 24 hours. On confirmation this will go mental. $12m dollars cash coming in to secure the future and buy out and fully own TI With a market cap down here of £7m. People will be buying here at 40p. Will still look cheap

Nice to see everyone has been 'Bonding' this afternoon. Looking forward to the week ahead. Flightman, you're used to heights so won't be dizzy like us when this is flying high on Monday GLA, we're close. I'm sure they said this is the final offer to BHs. So it's like a take it or leave it (leaving it will screw you over by losing control of TI)

15% Friday will do me

Good base to start rise on Monday

Will gap up and auction straight away

Major stakeholders injecting $12m dollars in to buy final 10% of TI.

MTMY own remaining 90% of TI already..

Do the math people :)

http://investors.matomy.com/~/media/Files/M/Matomy-IR-Media/presentations/matomy-bh-presentation-final-english-230119.pdf

Monday, but a couple of days for re-rate.

1 day over 200% is a lot as many will sell. But I think at £20m would be undervalued still, so expect momentum and traders to take us nearer 30p by Wednesday. Then drop back to settle

OK you got me.. 100% was conservative. Priced to fail recently. Long way back up from here with loss makers cut away, cash in the bank, bondholders happy, stakeholders committed, hugely valuable TI bringing home of money, £25m market cap should be first stop easily.

Will be fun to get a massive rise on Sunday in TA If they do 100% + you wake up Monday knowing you're in the money :) Looking forward to it

Blue days in a row :)

BHs asked for 3.5m more.

We are offering 2.5m more.

Good negotiation ongoing. Stakeholders have upped from 10m to 12m.

Should say yes, come on BHs

Also said suspension last Sunday in TA

So he can do one

Holding boom or bust

Here's to a good day here.

7p finish will do me. Not too greedy :)

Waiting for early next week news, not too bothered what happens in between, up or down. I'm loaded up

GLA

hope2gain

I see they are issued shares as we hit certain milestones as well as a monthly retainer.

So as we progress the deals their share holding is constantly going up. However, they must remain below 29.9% shareholding and so forced to sell.

Haven't been here long as some so they will be able to explain in further detail.

They get an 8% stake once the final investment JVA is signed. So if they're on 25% already for example, they need to sell down 3%

Just my take

LONDON (Alliance News) - GCM Resources PLC on Thursday said it has signed a consultancy agreement with Dyani Corp Ltd concerning the proposed development of a 2,000 megawatt coal fired power plant.

GCM Resources said the consultancy agreement concerns the power plant that is to be developed under the memorandum of understanding with China Gezhouba Group International Engineering Co Ltd.

GCM and China Gezhouba agreed in November to explore the feasibility of a joint venture to develop mine-mouth coal-fired power plants at the Phulbari coal and power project site which AIM-listed GCM operates in Bangladesh.

China Gezhouba is a subsidiary of a core member of the state-owned China Energy Engineering Group Co Ltd.

GCM said Dyani has provided "invaluable introduction, negotiation and advisory services" to the company since May last year on a "good faith basis" while terms of the consultancy agreement were being discussed.

GCM said Dyani was a major part of the introduction to China Gezhouba.

Under the consultancy agreement that will run to the end of June 2018, Dyani will procure a preliminary feasibility study on the proposed power plant at "no external cost to GCM", negotiate a final joint venture investment agreement for the plant, as well as an engineering, procurement, construction and commissioning contract.

For the work completed since May 2016, Dyani will be issued with 3.9 million shares in GCM and a monthly retainer of GBP20,000 from the start of July 2016 that will be settled at shares issued at 20.0 pence each, a 43% premium to the share price before the memorandum of understanding was signed.

GCM shares closed down 0.3% on Thursday at 27.18 pence.

Further shares will be issued to Dyani when certain milestones are reached. Dyani will get a "success fee" of a 5% stake in GCM once the preliminary feasibility study is complete, a further 5% once a framework EPCC contract has been agreed, an 8% stake once the final investment joint venture agreement is signed, and a further 5% once the framework EPCC is executed.

Dyani will be limited to owning a 29.99% stake in the company.

"The board is acutely aware of the potential dilution arising from the consulting agreement. As fees for services similar to those provided by the Consultant are typically based upon a percentage rate of the value of the underlying contract, and given that a 2,000 megawatt ultra super critical coal fired plant would cost in the region of USD4.00 billion, GCM does not have the resources to pay such fees in cash," said GCM.

"The company is fortunate to have found an introducer and consultant of their calibre who is agreeable to be compensated with shares of the Company, recognizing a cash payment would be beyond the company's current ability to fund," GCM added.

GCM issued 900,000 shares on Thursday to cover the retainer for the months between May 2016 and March 2017, and another 3.9 million shares to Dyani for the work performed to date

Huge sells, more showing up.

One at 25p

The provision of the outstanding unpaid balance of the debentures for immediate repayment, which shall take effect
On 2019.1.26, if and to the extent that all of the following conditions are not fulfilled by the said date:
1. The Company's shareholders will inject an amount of not less than $ 15 million that will not be returned to the Company
Before the debentures were repaid in full.

It's like both TASE and us moved swiftly up around the same time.

Could be a leak I suppose..

Hoping for good news, whether it's sale of TI at big numbers, or Stakeholder agreement to inject funds.

(also noticed that $15m dollars is mentioned rather than $13.5m ..)

Holy shmoly lol

to be a deramper telling us about POLO selling their stake.

Could be a massive offer by an enitity for their share

Can't buy almost 30% just on the open market. So buy straight off largest holder.

Either a Chinese company, or Bangladeshi one (someone mentioned the rich Bangladeshi guys name yesterday, I forget but will dig it up)

Last time POLO were going to sell their holding 2011:

Polo Resources was in focus on Tuesday amid rumours the resource investment company could be about to dispose of its 29.82 per cent holding in GCM Resources, which is developing the Phulbari coal project in Bangladesh.

Earlier this month, Polo said it had instructed advisers to evaluate strategic options for the stake. The talk in the market on Tuesday was that Polo might sell the holding either to the government of Bangladesh or Malaysia’s sovereign wealth fund.

Polo’s average ‘’in-price’’ for its stake is 170p. As such, traders reasoned that Polo would want a decent premium to that price and some sort of option that would allow the company to share in the upside should GCM get regulatory approval for Phulbari. Shares in Polo firmed 2.4 per cent to 5.9p, while GCM rose 14.1 per cent to 113p.