Member Info for Fusion98

You can't possibly be that stupid? ....are you an american? if so i can believe your that stupid.
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theres plenty of scientific facts countering man made climate THEORIES

I bought in on Friday at 212 and seem to have got it right for once. I see the investigations ending in either a fine or simply ending in no result even though there are three of them going on, so something smells at Glencore.
I will sit and wait this one out, resources are cycle products and sooner or later they will be in favour once again.
Fusion98

Phone your bank manager and ask them if they take "potential" as payment for your mortgage?
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They all know the upside potential on this project and the asset worth is immense

While i am invested here I can't help but notice that large investment firms, HSBC included, have been badgered by climate change groups to stop financing coal projects. Most of the institutions (HSBC not inc) have acknowledged this and have stopped financing future projects, mines and power stations. Lender of last resort is coming soon and the terms will NOT be favourable.

the asset alone is worth 80p - really John112334?
You seem to have forgotten the golden rule of asset management. A resource is worth fek all while its in the ground, you simply can't sell it.

GCM is down heavily due to financing concern and not for the project but the going concern for the company to remain. We have been here before but POLO had a lot more cash at the time. Polo is the lender of last resort, think about that for a moment. Only once financing is resolved (if) will the share price rise. As for Tang not taking his options, why would you personally invest heavily in a company that may not exist in 24 months time? He is obviously concerned or he would have bought them already, 100% of zero is still zero.

Company directors and government ministers have fallen for this trap numerus times (DeLorean plant in Northern Ireland is a fine example) Ok so we've spent £5m only another £2m, ok now we need another £3m but we have spent £7m already and I’m not losing that. Ah we need £2.5m but I’ve spent £10m so it’s only 25% more......
Eventually the penny drops and they realise they are pouring money into a scheme that either never happens or is badly managed. In GCM's position it’s the latter. When Dattles was running the show, he invested wisely with POLO money and made returns and special dividend payments every 2 years or so... What’s Tang done again apart from destroy the share price, made lousy investments, and turned both companies future into a single bet on Phulbari - 2/10 back to school.
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The man who knows more than any one is still backing GCM with his own money.if this is not likely to go ahead or be sold he would not be putting another 1.2 on the table.

Working alongside PowerChina, GCM's team has prepared the documents required by the Government for approval of the initial 4,000MW power plants
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Prepared..... not submitted (due Jan 2019)
Only a year late then.

So we had better tell Caterpillar in Leicester to stop manufacturing diggers then?
$6.1b turnover company too
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If it wasn't for Thatcher for distroying our manufacturing industry ,we would still probably be exporting products around the world, and a world leader. Instead she wanted service industry, hence we have no high skilled, world class leading workforce

sorry johnson36, that should have read danielh

Johnson36, you missed the point totally. Its nothing to do with the size of a country, its got all to do with proving, and there are multiple examples, of why governments should not be involved in running companies. Companies have a board of directors and a CEO who has the final say, governments are run by inept, arrogant, sheltered lives attention seekers which is why it take nearly 300 of them from both sides of the house to pass laws in the UK. Turns out Australia isn't that different.
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I don't get how you can compare a vast country like Australia to the the U.K. when it comes to nationalising broadband - johnson36

yer, whats a £2b shortfall between friends?
Where is GCM going to get that again considering their share price is 13p?
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Well that’s funding sorted.

Jazzers,
Genuine question, Under what circumstances do you think GCM would see a penny if GOB decided not to proceed with the development plan submitted, sorry discussed for submission in Jan 2019 which has yet to be submitted in November 2019?
GCM are a private enterprise, apart from paying for a license that allows them to prepare for development they have nothing. If GOB remove the license then GCM will have had to have broken the rules, they haven't. Ergo no payout.
The question you should be asking is "what going to last longer, the GOB decision making process once submission has taken place OR GCM liquidity status?"
China wont hang around forever without movement and GCM can't loose £1.3m a year forever either. The GOB have proven over the last 14 years that coal can remain in the ground as long as it suits them.
Fusion98

Try googling Broadband in Australia who pay per MB downloaded, can not access specific sites, cant get speeds unless in cities, had a government that nationalised Broadband and make a total **** of it. Now they install copper and fibre depending upon where you live, no better than before only now its costs a lot more, takes a lot longer and is completely under funded making it next to useless. Yer great idea.
Oh, and would you pay 3p to 5p extra on income tax to pay for the roll out of fibre which will take decades? Instead of saying Government money, replace those words with Tax-payers money, which is the truth as Governments don't have any actual money.
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Free high speed broadband for every household in the UK is not a pipe dream, it's actually achievable with investment and the ability to recruit the best staff from around the globe. - David773

If Brois gets in, he wont need to sell. If Corbin gets in it will be taken from them with brute force for at least 40% below market value. Think RailTrack. Besides no UK Government has EVER given money away to shareholders, the class it as gambling (all but Thatcher) and a socialist government giving money to bankers - NEVER
I find it deeply upsetting that some great people were like John Lennon, Malcolm X, Marvin Gaye and Jill Dando were all murdered but somehow Corbin and his brainless side kick Diane Abbott are still alive, no justice in the world.
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Jansen could be thinking if boris gets in he can get a premium price,

BT Future. Well the biggest elephant is debt and pension liability. Until they get a plan for either to be under control i see no serious growth coming soon. 5G and fibre will cost monumental amounts of money and while people may upgrade little at first it will be the norm eventually. I think it will be a gradual thing rather than the next must have item.
I see cut in div either during or after 5G roll out, one headache at a time. The money will then be used on both debt repayment and investment. When, how much and what on only the CEO knows.
12 month price guess - £2.20

BT are not stupid enough to sell off OpenReach as its the goose that lays the golden eggs. Why take a 1 time payment when you can milk it for years? Corbin will never get in unless the entitled generation all vote labour and i have one quote for those people. "The problem with socialism is that you eventually run out of other people's money"
take a look at this link, to me socialism is like communism - equal shares for everyone denies the ability to create wealth and opportunity by limiting how high you can grow as a person or as a company.

https://www.forbes.com/sites/kylesmith/2013/04/10/margaret-thatcher-exposed-the-infantile-illusions-of-socialism/#5b04b8b7caf2

9p
mmm
what about the strong support at 11p Goonerpete?

Granted China have "won" laugh, a lot of contracts to build infrastructure all with money on a loan agreement from... oh yer China and the PM may be playing the "look at your new railway in 56 months time" card we need power for building a future. However if you google map the town/city of phulbari, the people are dirt poor and I personally think she is choosing projects with the biggest impact with least resistance, better transport being a fine example. The loans will mount up through and the question will be, will she sign up for more than they can afford (Tony Blair and his 99 year rent lease on hospitals - which lasts longer the loan or the hospital?) or worst still turn the country into the next African state with crippling repayment plans? (no Bang is not in Africa before you shout)
Ironically no one seems to have noticed SXX and the similarities, get the approval and immedaitly dilute all share holders out of existance on the same day, that would be ironic after 14 years of waiting.
Thoughts? (happy clappers need not apply, i'm sure i'll be listed as a "deramper" laugh, or better yet maybe i'll be upgraded to a broker trying to get in cheaper (ffs really?)
Let the hate message commence......

Sheikh Hasina hasn't signed off phulbari due to 50,000 people standing up to the original development plan over 10 years ago, if they kicked off that would be a riot to watch. She is leaving at the end of this period and not standing for the next. Who is to say she doesn't sign it off before walking out the door only to be cancelled by the next pm? Well it wouldn't do her legacy any good would it and for that reason alone i dont think she ever will. Roll onto the next PM please.