Member Info for Fusion98

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."

GP said "Dyani forced seller"
why would they be forced to sell shares they obtained from the company legitimately and what evidence do you have to back up this claim?
I think this is BS

Fusion98

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"

Please do not misconstrued my comments, i DO whole heartedly hope that this gets signed off and quickly
Fusion98

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!?

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.