The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Back into Barclays with a minor stake at 159p
Barclays news announced that if Brexit deal is signed all UK banks will go up 15%, if not then tank 10% followed by nothing when it limps over the line.
I have faith that the board will be cleaned out in 12 months or less once Brexit is over. They need to increase their IB side of things once more, it used to be a cash cow.... well until it turned out they were all on the make and fines followed.
Barclays will NEVER go bust, they proved this in 2008, i have faith they will find punters to screw over to replenish their coffers and increase the share price but will take a while.
Fusion98
Personal opinion is that once the JDA appears the share price will fall to 15p or lower. Buy on the rumour sell on the news. Seen it occur here and other places too many times. The ONLY thing that will get it moving after the JDA is announced is the involvement of another large company or the green light, nothing else.
Fusion98
Polo have provided a loan and as Tang is the man in charge of both companies you can guarentee that he will get his money BEFORE anyone else and just before the company goes bust, should it come to that. One notice immediately after the other and PI's will be out in the cold.
NOT saying this WILL happen as GCM currently has liquidity.
Tang must think this is a final role of the dice, if a power plant, mine and Chinese backing won't get the green light, what will?
Fusion98
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1. Why have Polo provided funding now and not previously? Do they already know something?
Not if your the one paying out it isn't
Neither GCM nor Polo has that sort of wedge and i doubt the Chinese will pay it either. Brown paper bags to the right people and a riot squad seems more like the order of the day.
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ets be generous and offer them 2 years average salary each to relocate so total of 288,000,000 usd seems reasonable
They may offer me 1 million if i can get the License for GCM.
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1) GCM already has a license, i checked, its valid for 30 years or more.
2) I don't think anyone, even the idiots in Bangladesh who are unwilling or unable to elect someone who can find their arse with a map will take a blind bit of notice of a keyboard warrior sitting in his mums basement somewhere in Leicester.
Closettrader,
I am not suggesting that PowerChina is walking away from any deal, but the problem is there is currently no deal to walk away from. GCM is a company wishing to mine coal and to entice this to be granted they have sweetened the offer by combining their efforts with a major power provider to dig out the coal and produce electricity. There are however a few things in the way.
Look i think GCM will get the go ahead or i would not be here, just not by xmas 2018 which is what the idiots on here seem to think and i for one am fed up of the sheep telling one another that you should invest here as its a "sure thing to get a blank cheque".
Anyone tying to provide balance or simply call people on the lies that would make donnald trump blush are classed as "derampers" how child like is that? This is not the playground, although sometime i wonder.
Trumpy were you schooled by the blind idiots on GKP? What is a deramper exactly? Is it someone who does not agree with your diluted thoughts? Is there someone who takes care of you, i think you better call them.
Name one, just one, business or PI who makes investment decisions based upon focus boards like this one and i will show you a fricking idiot
Some people should not be allowed out on their own and your one of them.
Really?? How do you know? Have you been counting how many they have sold? Do you know how many they have left? No? Then stop spouting garbage like its the fricking gospel, you don't know jack s**t
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This was down to dyani selling very likely, now they’re done this should re-rate.
The number of back slappers who have appeared on here recently is amazing. All of a sudden they all know better and this share price will simply rise and rise. I was about to suggest a similarity to Dell boy but someone actually posted that too, FFS you could not make it up.
The deadline by end of year is just a paper agreement between the Chinese and GCM, to the government this means jack s**t and is not mine approval.
Wake me up in 6 months when the agreement expires and the price is 11p once more.
EYEGUY - probably because as GCM has little to do over the last 12 years they have had time to think about what they would offer and have a draft agreement already in place. Google Xcite and their Chinese MOU and JDA, again which occurred in a short period and see what happened to that.
WHYAST1605, you need to read the post a 2nd time, i said it will retrace back to 25p after a period of stagnation. Take a look at the graphs, it spikes more than GKP used to as its traded quickly and in short bursts.
The price has not been above 50 pence in over 5 years and as my average is 86p I have been here a long time.
I don't think the price will be above 50p by end of play tomorrow and if you wish to bet 100 shares to only that effect so be it.
Above 50 pence by 16:31 (UT included) on 28th November 2018 and i pay up
Below 50 pence by 16:31 (UT included) on 28th November 2018 and you pay up
Confirm (y/n)
While i wish everyone good luck i think this rise should be traded and not bought into. While the MOU is a great thing, talk of £1+ is disillusion for now. MOU's by the Chinese get signed all the time and half don't mean jack. Phulbari is a great resource but there are several thousand people living on this land at this present moment and an election in less than 3 months, do you know of a politician that wishes to commit suicide BEFORE an election? After an election is always preferable as they have 4 years to make it go away. I think the price will stagnate for a while then fall back to 25p once the dust settles. There is no green light yet and the government have made no signs of encouragement this just adds to the readiness of GCM if this decision is signed off, and as such could come to nothing. I'm guessing GCM will announce shortly the cost of the MOU as this wasn't free and if the green light is given then shares will be produced by the millions out of fresh air just like SXX.
I hope i am wrong but i doubt it.
Fusion98 - 12 years in
Its reports like this one that will pressure banks in to denying money for investments into coal. GCM better hurry up.
https://www.bbc.co.uk/news/science-environment-46310807
A lot of people on here are suggesting that 5G will be the end of fibre broadband. I have two words to say to them and the 2nd one is off. 4G was supposed to be the bringer of video and to some extent it is, however coverage is still sketchy many years since its release and it didn't damage fibre BB, neither will 5G. Today we have toasters, fridges and tablets all of which work on wifi, you gonna buy a seperate sim unit just for them or even replace them all? Of course not, you just connect them to your regular internet. PC users will NEVER use mobile technology to play games and i doubt console users would either. The thing about fibre, because its glass it has no speed limit, apart from the speed of light and if you have internet that fast you device wouldn't keep up.
I look forward to the share price recovering, DT may put in a bid or just a large stake next year, either way i'm in profit and looking forward to my investment growing
Long live the technology revolution!
Fusion98
No
But i like watching the ticker go up for the time being.
New CEO will tick it up on speculation, then fall on news.
Div cut to is highly probable in relation to debt, pensions and new start.
I would cut it as CEO to 3.5% of current price to show financial prudence in dealing with the debt with a promise to review it annually depending upon performance, debt paid back and cash flow.
Cut it later due to necessity and the new CEO looks inept.
Why do you think no one has jumped at the chance of holding the poison chalice?
Fusion98
True, financing is becoming harder to come by, and how long before shareholder pressure stops HSBC from supporting coal all together?
If GCM and the Bang GOV don't sort out their priorities and soon GCM will be a non-starter due to lack of finance options, unless they go cap in hand to China and end up paying Wonga interest rates then go bust and hand the license over for nothing.
Fusion98
Last time it went to 240 it dropped like a brick shortly afterwards back to 221
Thoughts regarding stability of the price V's possible repeat of visiting 220's?
All prices fluctuate, its timing that makes all the difference.
Fusion98