Member Info for crowfoot

It's normally worth reading the weekend chat. What the feck has gone on?

GLA - looks like we've (finally) changed direction. Could soon get very exciting again. Still blows my mind that we raised cash at 50p and not much surprises me regarding AIM shares.

Until there is official good news (other than Dr C), this is all just rampy momentum trading based on what's been known for ages. Good luck to everybody, traders and investors alike.

CTSFO, yep that's all the wing and a prayer stuff. I invested with the idea that the court case result would see us through to profitability. That's now hopefully in 2026 so it's whether the last fundraise and line of credit can see us through or whether the good Dr C can come up with some non-dilutive funding. Not convinced enough to average down yet but remain hopeful now after presuming this was dead in the water. GLA

I'm a shareholder from before the court case verdict so massively underwater. What good news is anybody expecting in the near term? GLA

It's like the good old days. Getting Creme Brulee back together :o)

Costs reimbursed ffs! So what was the point of them even doing it from the start? Are you having a giraffe?

Duster,

It was kind of a flippant question granted. However I'm quite sure we'll hit 50p within a couple of sessions upon approval. Then it depends if we are raising money or not imo as to where the shares will come from. I agree something is brewing though. GLA

Why £100m?

1% of value of coal is £870m. Is 30 years not worth 1%. Asking for a friend! :o)

That would be very naughty Prof, I'm sure they wouldn't consider something like that!

Yes agreed, but I'm sure the IPO was to fund the projects right? There is no free money these days. Fund raising for loss making companies is near impossible on AIM without losing half your equity!

With Polo owning 18%, I can't see Tang accepting 25p. They probably paid more than that for some of their shares. I know I did! Would love to see your spreadsheet Mr P! Cheers, crowfood :o)

Simon - it's 30 years in the making one way or another and Hasina's headline will be 'green clean energy machine'. Locals will be overpaid for their land and China will fund pretty much the whole caboodle. I'm not sure who will care if some UK investors make a bit too. GLA

Why £100m and not 250 or 500? Based on what exactly???

MM games get too much credibility at times imo. I traded for a living for a number of years with Level 2 and RSP access and watched certain liquid AIM stocks all day. What's absolutely certain is that constant buying volume cannot be held back. I've seen many times daily when an MM will jump on the level 2 bid while actually on the offer if you check the RSP. That's just what they do to make a living but real volume without a supply source is a one way ticket, with lots of little bumps along the way! Coming soon hopefully. GLA

At the risk of regretting asking as I presume most have you filtered. What do you think a successful outcome is worth Mr Successful Professional? What wold somebody be prepared to pay or GCM?

Yes but where is the funding coming from? We need a successful flagship project first. Walk before you run etc... GLA

You’ve got to remember we were sat at 1.5p not long ago so trading at a 400% premium to the lows. We’ve had raises at 1.65p and 6.5p and now have a cash runway for a couple of years. However we are still completely under the radar as a company who have never delivered anything and have only ever raised more cash. The knowledgeable here can only see one outcome and I’m completely camped at their site however it’s still very much a binary bet and from the outside very high risk. Roll on Hasina’s trip north! GLA

The printed trades add up to very little and shouldn’t really get anybody over excited. Especially Janet who might keel over if we ever release good news. Elandsfontein has cost around £150m and we’re valued around £15m so with a 10% free float this could literally go mental if they are successful with their goals. Do they need more money though or have they actually pulled their pants up and hit a target? Recent history points to a negative outcome. I’m happy to sit on my hands and hold for gold. GLA

Https://www.fmp-tv.co.uk/2024/03/28/kropz/

He talks a good game but like he said 'talk is cheap'. GLA

Sorry should have said, it's taken from our final results last year. As Phulbari is clearly a political pawn for the opposition, it creates a lovely narrative for Sheikh Hasina and the Awami League party. GLA

https://www.lse.co.uk/rns/GCM/final-results-for-the-year-ended-30-june-2023-mbppkize9au4ebz.html