The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The share price has been declining since August 2016, what makes you think that it will reverse this long decline? Its nothing to do with Covid19 as that's only been around 6 months.
i suggest some read the article again as the price offered is £15bn which equals £1.50 per share, a 50% increase from todays prices. The offer for BT (or supposed offer as a formal one hasn't been released) is for BT but no government would allow an outsider to own OpenReach as they run the network. Why would you put the communications of the entire Great Brittain in the hands of an untried corporation who is simply trying to make money? This will never happen unless OR and BT part ways, and as yet they haven't
Its a pipe dream
Fusion98
Hearditallbefore, i've been in GCM for 12 years and like your name sake I have heard it all before.
They are 18 months behind submission, the costs of alternatives is lower than their costs. GCM have no money to build anything let alone a power plant and mine. China will not simply build it out of love for anyone, if you believe otherwise your deluded.
I'm in profit by some margin on GCM so if it goes tits up i still walk away with more than i invested, no crying here just don't like the happy clappers when their "belief" is based upon delusion.
Fusion98
Up I’m ecstatic. Down I’m ecstatic, because this project is going to happen.
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that's funny as its in complete contrast to the email you sent me when you were s**ting yourself because you were over leveraged.
Want me to post it again Peter?
Fusion98
well as you dont like org websites, how about Forbes, Guardian and Independent or are they all "Fake News" too?
https://www.forbes.com/sites/jamesellsmoor/2019/06/15/renewable-energy-is-now-the-cheapest-option-even-without-subsidies/#4bed28e65a6b
https://www.theguardian.com/environment/2020/mar/12/wind-and-solar-plants-will-soon-be-cheaper-than-coal-in-all-big-markets-around-world-analysis-finds
https://www.independent.co.uk/environment/renewable-energy-cheaper-fossil-fuels-2020-uk-green-climate-change-global-warming-report-irea-a8160051.html
Fusion98
Many times, an observed golden cross produces a false signal, and a trader placing a long at that time could subsequently find himself in some near-term trouble. Despite its apparent predictive power in forecasting prior large bull markets, golden crosses also do regularly fail to manifest.
With renewable energy now cheaper to build than coal plants, i no longer have any faith in GCM completing this project.
https://ieefa.org/study-shows-renewables-cheaper-than-fossil-fuels-across-middle-east-north-africa-region/
Fusion98
Bought Monday morning and already in profit, for how long is anyone's guess. I think this multinational is in a much better position to recover than Barclays and Lloyds and other must think so too as they both crashed 60%+ while HSBC didn't.
Good luck all
Fusion98
Thats a bit difficult considering all 2g, 3g and 4g kit in and around the core network is all Huawei.
Anyhow, blaming a Chinese company for the stupidity of the state to not stop unsanitary practices in wet markets is a bit much.
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Once this is over Huawei should not be allowed anywhere near UK.
there remains a material uncertainty which may cast doubt as to the Group's ability to continue as a going concern...
If you check all their statements , they have to put this clause in. It’s not a new one .
True but then how many companies have to take out an annual loan in excess of £1m just to exist for another 12 months?
If you company isn't solvent... its not a company... its a liability.
Fusion98
While this is good news for coal development in the country i still revert back to the original concept that GCM have STILL NOT submitted their plan for the coal mine or power stations... now why is this do you think?
Its all very well going fishing but if your rod is on the bank, your never going to catch anything.
99% of AIM never gets traction for sure.. GCM is diffrent some what - Aren't they always on AIM?
As for Tang, look at his actions over the last three years and compare his compulsions to that of a problem gambler. Just a little more and i can make it rich....
Seriously take a 2nd look for yourself.
Fusion98
Well the dilution is out of the way and funding of last resort is also complete, even if it has taken all of POLO's cash fund to do it. I'm looking to trade my way out of this share and short spikes to about 33p a couple of times with dips to 20p or below in between will sort me out just fine. Lets be realistic, just how many shares on AIM have people shouting "this will make millions", "its so under valued", "MM are shaking the tree", "we will be rich". Out of the couple of thousand shares in this category have actually made this occur, slim to none i would guess.
Fusion98
not necessarily, to me it points to the Chinese losing patients and this is the final extension. After all GCM has been trying to get the green light for more than 12 years. Anyhow, which government department in the entire world has ever received an application for such a large project and approved it in under 3 months? NONE!
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The 3-month extension to the MOU was the giveaway, three months is a short timeframe and indicates things are moving towards a conclusion.