The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Hoping a suitable government sponsored appointee is being sorted hence why the other prospective ned and Tang are in Bangladesh at a guess. I am guessing Tang is on the job there anyway. It is possible the local NED will be a sensitive appointment and might give too many clues to market ahead of an approval so rns delayed but so what why delay?
I don't think GCM will be bought out Adam. As your call today intimated, GCM is going to take on a Bangladesh complexion with the new neds, and the licence will be divvied up iro profits with quite a few % to different parties in Bangladesh and to PC but I do think GCM might retain a decent % of the pie for management control which will be no easy task and as acknowledgement for years of hard work and keeping the government up to date with progress and also to permit easy fundraising as required.
Bangladesh is a muslim country with a non fungible stockmarket and they will not allow, imo, a thoroughly western company set up in their country. PIs need to be pretty reasonable over expectations with the above in mind.
This is what is being thrashed out in outline at a guess so that the change in direction can be announced with a fanfare if not the detail straight away.
I envisage 1bn shares in issue with a 50p price tag after 4 years as acceptable for them with the discount to this giving a rapid rise on approval and then a less steep rise. Potential for rerates as operational metrics are available in annual reports.
All musings imo
Trawling old advfn messages I found this
29 September 2020
Polo Resources Limited
( " Polo " or the " Company ")
AIM Delisting
Polo Resources Limited (AIM: POL), the multi-sector investment company with interests in oil, gold, coal, copper, phosphate, lithium, iron and vanadium, has been unable to appoint an AIM Nominated Adviser within the timeframe set by the AIM Rules. The Company's shares will therefore be delisted with effect from 30 (th) September 2020 and will no longer trade on the AIM exchange.
Previous discussions on here https://www.lse.co.uk/ShareChat.html?ShareTicker=GCM&share=GCM-Resources&thread=35954AC6-D669-4640-8975-6CBF02515AC8
https://www.lse.co.uk/ShareChat.html?ShareTicker=GCM&share=GCM-Resources&thread=72C7C8F5-9FD8-4AB4-9AE0-A196F89400E9
second link, message 15.06
nomad not being evasive so would say all good.
The longer they take then the more LTHs will slip into the neutral gear again as things drift as we have become conditioned! The signal for progress happening lies with Bangladesh Government and Tang/PC; expectations need a wide compass in the current situation even though it is one that is the most positive there has been from the political point of view in Bangladesh.
I have understood what has moved the shares having been invested so long and with a big holding. It has been a bit of a classic from that SP movement angle and it has not worried me. I just want the corporate rns to confirm a positive scenario.
I am heavily invested having increased stake Mr adam but it makes me more nervous. This will require more personnel on the ground and I hope GCM can confidently present with their partners to Hasina soon and she can make the announcement.
A bit ominous though, I was hoping wrong board. Would Bangla go ahead at Pulbari OPM only if a Bangla company in charge (Petrobangla?) which points up maybe the fundamental issue was always not displacing locals but the old colonial power presenting the project to Hasina.