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The price will fluctuate a lot between now and the end of Feb. my advise to those who wish to buy is to be patient and wait for a more reasonable price (mid 20's or even lower) Some say the RNS will kick in this afternoon, nope sorry that ship has sailed.
The next rise will be the submission to the government and this deadline is probably going to be missed, every other one nearly has been. There will then be (in my opinion only) a long delay before any news comes out about green lights or other news and the share price will fall as a result.
Although GCM has a great plan it relies upon JOY and his mum signing it off and he has publicly said that outside companies need not apply. The pre-signing of 3 coal mines does not include GCM's that i am sure of.
I am convinced this will get the sign off eventually however at what price and how GCM is to raise their share of the investment (£2b i think, could be wrong) is still a mystery.
Fusion98
Mercedesman
No i am not full of it as you put it, i purchased on 24/1/19 for 28p and sold today for 39.
Everything on aim, particularly those stocks which some believe "like winning the lottery" attract a lot of attention and people jump in at the wrong time and get caught on spikes. I learnt my lesson from loosing a shed load on GKP many years ago, take a profit when you see one. This share jumps up and down like a lift and the spikes are short lived, todays was very short lived (8 minutes i think).
I wish you well in your trades and for the record i don't have an account capable of shorting stocks.
Fusion98
It's nothing to do with Market Makers at all, its supply and demand. This is AIM not the FTSE100. YOu could have rang your broker and got them to sell it but the costs are about 3x more. Use Google for live prices, even my broker prices are delayed and i use AJ BELL. I too had trouble selling, it was just blind luck.
Now waiting for 25p to re-appear so i can get back in with a limit order.
Have fun
Fusion98
one word to describe the persons thoughts below..... Delusional.
I have little doubt NOMAD will be done and it will have zero effect on the share price. If Nomad is not sorted and the share is de-listed and then removed from AIM then i can see Tang and he cronies taking the company away with zero recompense to share holders (not saying this will happen)
There are only two items of news that will send this north, (1) the submission to bang gov of the application (little effect 5p max) and then the green light (assuming we get it, £1+) Nothing else.
Fusion98
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I hoping for one of two things this week...
1) GCM drop the Nomad RNS at 4.15pm on Thursday and spike the SP to 60p+, just after all the pussys and baby’s have sold at a loss because they were to chickenshit to stand by their original decision to invest have left. Then itl open over 70p Fri.
2) Suspend it, drop the funding RNS which is coming ; ) and green light the motherfvcker in Feb, then sort Nomad and re-open it at £4+
Just so i can laugh at all the gutless weener’s who bottled it.
Simple, the dividend is covered 0.9 times by free cash flow. IE they have to borrow money to pay it out.
Add to this the fact Vod have a huge amount of debt and their profit just took a hit of 800,000,000
It doesn't take a genius to work out what should be used to fill the hole.
it goes straight to your trading account, no need to register.
Ah and there is the fault in your plan, GCM are not in charge, Hasina and now her son Joy are, they hold the key to unlocking the mine and the powerplant, no one else. Did you not find it interesting that the deal with China relies upon GCM and not China getting the go ahead? Seems like GCM may have been paying off the wrong people.
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A deal is a deal fusion. We are in the driving seat. Only we can produce 6000MW of the 12000 by 2024!!
Reading the below statement, i don't think a minor 10% stake is what they are after, try above 50%
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The coalmines will not be leased out to any foreign or local private sector company or their joint venture (JV) for exploration
The government is planning to develop new coalmines on its own, breaking the decade-old stalemate over the issue.
The coalmines will not be leased out to any foreign or local private sector company or their joint venture (JV) for exploration
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How does this fit with GCM and the China investment. further more does this mean that a large percentage of the project will be "given" to the bang government in order to satisfy this above statement?
Answers will be forthcoming but you may not like it.
Fusion98
Well i got it slightly wrong in my timing and yes the £2m value was there to grab your attention, having seen todays RNS i have no doubt that my fears were unfounded.
So as the most stable people on the board which is now full of happy clappers, how do you think the finance will be met?
1- Debt repayments using profit for both companies (my preferred option)
2 -Equity percentage sale of company (aka dragons den)
3 - Sell the local inhabitants as slaves to pay for it. (joke)
Thoughts please
I am an open person, i still have over £8k riding in GCM but have taken £3k off the table for now.
The delay, have you thought that possible the Chinese (who are very smart cherry pickers - see MG motors) are not the ones over a barrel? GCM has a license, sure, but no money and neither has polo. So instead of the Chinese paying for the plant, the mine and then getting stiffed by GCM for money as well, they have perhaps gone down the sub-letting route?
China pays GCM a nominal amount for use of the license, china builds everything and pockets the lion share of cash, GCM gets £2m to shut up and ....off.
China could dissolve any hope of GCM getting the green light without them simply by bribing the Bang Gov and as we all know China holds has their ear.
I have no evidence to back this up but i have read how they do business and paying out is never high on their list.
Either way its clearly not the champagne party most were expecting or it would be hinted a lot stronger by now. Also this is yet to be agreed, never mind submitted and then approved by the government.
Fusion98
besides the contract clearly stipulates "Dyani will be limited to owning a 29.99% stake in the company"
GCM already made 5 million new shares for the work they have already completed.
That £10 party is looking mighty far away
besides the contract clearly stipulates "Dyani will be limited to owning a 29.99% stake in the company"
GCM already made 5 million new shares for the work they have already completed.
That £10 party is looking mighty far away
because of the law.
A mandatory offer of a UK listed company must be made when...
"Once a person either:
Acquires 30% or more of the target's voting rights.
Is interested in shares carrying 30% to 50% of the target's voting rights, and that person or a concert party acquires an interest in any other voting shares in the target."
For those people who are expecting a new years day gift i suggest you read the RNS once more.
"The MOU sets out a projected timeframe of concluding a Joint Development Agreement with the parties by 31 December 2018, and subsequently submitting a formal proposal to the Government of Bangladesh by 28 February 2019"
For a limited 6 month period only, extendable by either party. So either they get approval very quickly or the loose the partnership as they will not wait around another 12 years like the pi's have. Does this not sound like a last throw of the dice to you?
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What other company, lol.
World's 6th biggest contractor already hovering.
What more would you want!?