George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Jamesss; he won't make 'datuk' of Bangladesh aswell as Malaya if he does that, he is only 50 or 51 years old and been executive chairman for 11 years https://otp.investis.com/clients/uk/gcm_resources/rns/regulatory-story.aspx?cid=1564&newsid=750153 and is on the verge of leveraging his efforts in Malaya by using his contacts developed there and in Bangladesh over a long stint.
Bangladesh Freedom Honour is the highest award for a foreigner
Track11; is that your way of saying you agree with me? if I understand you correctly and BHP are trying to steal.
Spent not sent
Woodsmith is such a potential cash generator and have they sent a few billion on it already. It will be such an efficient low cost operation that I am sure £25/share will look cheap in two years as the Woodsmith potential comes into focus.
GCM's SoD does not call for any funds from Bangladesh and relocation of locals will be an immediate injection of cash so what are Nasrul and the Sheikh waiting for; they are just totally disconnected with the imperatives of a solution and more concerned with ensuring their begging bowl is filled.
Clear Capital and Axis clients holding such a big slug could have instructions with their broker to play the market which is easily done I would have thought if volume is low enough and there are traders about and the MMs use their arts. If they are in the know which some of them must be imo, then of course it is market abuse but tolerable if approval is assured.
It sounds like the application for approval meeting with the ministry/Hasina will be made by the committee members who are getting down to the detail. This means the Government take all the plaudits which is OK with me, I like GCM in the background.
£50,000 in warrants money makes the average/share over the year 3.8 p - fat finger for 19/4 entry- is 6.5p/share.
I really hope approval gives a meaningful boost to SP as these raises which was my point in summarising, really do dilute so the higher the raise/share the better. If the raises are above my average entry I assume I am making something on the investment.
I must have been checking before then as don't remember DG Infratech on the register. 13/4 is only a week ago, I know it is possible to examine a websites entries on an earlier date but don't know how to do it. I think a date a bit earlier would be more conclusive ruling out Infratech as part of the fund raise.
Thought I would summarise
14/6/23 placing £500,000 raise 20m 9.6% of new total 2.5p/share to GCM
the Company has completed a Gross equity fund raise of £500,000 by way of subscription for Ordinary Shares with Clear
Financial Statements
29
Capital Markets, at a price of 1.65p per share. At the date of this report the Company is not yet in receipt of these funds
...................bottom of p28/top of p29 Annual Report and Accounts 2023 referring to subscription 2/2/24
issued to clear capital clients 30.3m 12.7% of new total 1.65p/share to GCM
subscription 19/4/24 to raise £2m issued to Axiom Capital clients 30.7m 11.1% of new total 5.5p/share to GCM
over 12 month period £3m raised through 81m shares to grease the wheels at discounts of 41%, 37.7% and 24.6% representing 30% of new total at an average 3.7p. prior to approval.
2023 report; Financing – risk that the Company
will not be able to raise necessary
working capital to sustain its activities
ahead of presenting the Project
Proposal to the government or the
funding required to take the Project
through the government approval
process to implementation stage.
The former financing risk is off-set by
the Company’s track-record of being
able to raise funds through the equity
market. The latter financing risk is
offset by agreements in place with our
Development Partner, PowerChina,
whereby in return for being awarded
EOC Contracts, PowerChina has
expressed a willingness to assist
with project financing. The Directors
are confident that the necessary
funds will be obtained as and when
required. For further details refer to the
Directors’ Report.
https://www.gcmplc.com/sites/gcm-resources/files/2024-01/GCM_Resources_ARA_2023_Final_Glossy.pdf