Member Info for 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

Does anyone think we will see the prices for HSBC of 336p like we did in 2016?
All opinions welcome
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

You may as well write that cheque out for £200 right now
BT will be around

Actually BT does not have £6B of debt it has £14.28b
Bit of a difference
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.

of course you did
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I brought more another 85 k worth last week

WAHHHH It's not fair

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could u pls summarise the previous 2 comments i have on filter and cannot see them

For those that don't know whats involved in due diligence of a mine, read this
https://amcconsultants.com/experience/technical-due-diligence-mining-industry/

GPBack (Peter) as i've not sent any threatening or abusive emails to anyone including you, i don't think you could quantify me as "scared"

i would also like to remind those who seem to have fogotten that the proposal which was due to be submitted for Phulbari development has yet to reach the government. Why is that do you think?
if i were a government minister i would be looking at key issues like: (1) who is paying for the build (2) are they sustainable as a company (3) what cost will the coal be to the government. GCM fail both points 1 and 2 to date, the chinese won't pay for it all and GCM doesnt have enough money to continue as a company never mind find £2b+ it needs for its part of the build costs.
Thoughts....
Fusion98

Sheikh Hasina isn't quitting, but as she has been in power since 2009 and not made one jot of noise about GCM's specific project that was good i doubt she would be inclined to destroy her reputation as this is her last term. I have no evidence of this but I don't know of any premier that has tried to implement such a diverse policy (excluding thatcher and the poll tax) so close to the end. If Joy becomes the party leader then she will be his guiding hand for many years to come.
I bet Xcite thought that the Chinese were going to push their project through, they too had the same mou with a state Chinese oil firm and look what happened to them.
I just see any movement on this specific project and the power stations already being built will require own coal from the other fields already publicly announced of being current and future development, i think this is what the minister for energy was referring to.
the phrase was "The economy, stupid" which is often misunderstood or taken out of context.

while i think this is a much needed boost remember he is the energy minister for the current PM who has shown no interest in upsetting her legacy so close to leaving. Once she has gone this may proceed, but then the party in power may loose the following election, think how conservatives imploded once thatcher left. It all depends upon how much real power the PM holds within her party, are they part of her team in which case they may continue, or are they yes men in which case it will result with in fighting. Don't know much about their politics but its obvious to a blind man that nothings going to happen until the PM leaves.

if your about to point out that the debt is old news and they were paying it off.
They were not paying it off fast enough for their own investors.

I have shares here and reading this, i've written them off. RKH needs money and investment from Premier oil to proceed, they in turn owe more than £2b in back pay to investors. To pay this down they will sell prospective and current assets to reduce debt, RKH for which they vastly over paid for will be one of them.

https://www.telegraph.co.uk/business/2020/01/04/premier-oil-hires-rothschild-2bn-debt-battle-lenders/?li_source=LI&li_medium=li-recommendation-widget

Fusion98