Member Info for Fusion98

its a great idea and one i am in favour of. The only fly in the ointment however is bang agreeing to sell coal for power when they don't seem to have enough coal for their own power stations. Lets hope that common sense returns and Phulbari gets mined either for export or domestic, eithers fine with me. :0)

BlueStorm, give it a rest.
Whether you agree or not this share has previously hit £9 per unit however the number of shares in issue since then has more than trebled. The chances of it re-occurring are slim to none, that we can agree.
Having a go at some one who was fairly polite until provoked who is also in remission for terminal cancer is a bit low even for this board.
IF you don't like what he has said put him on ignore.
Fusion98

FTSE 100 is on the brink of a major rally, and could even hit 9,400.

call the police this person is clearly on crack

HIAB - its two separate agreements, FFS learn to read.

CLUE....
The Company is currently in negotiations with PowerChina with the intention to include PowerChina as a party to the Framework Agreement in due course.

this means that GCM is asking nicely for them to join, Until you see an RNS acknowledging they have joined, they are not party to this agreement.

Read the RNS again, you appear to have picked specific parts to suit your argument without acknowledging that the deal you so triumphantly quoted WAS time sensitive, that TIME has now expired.
Let me put in terms even you can understand. What happens when you take out a 24 month guarantee on an electrical device you buy from a shop and it breaks after 25 months?
If you don't understand the question, get someone to read it to you.... slowly.
I would also like to ask, what did you expect Tang to say in the RNS apart from blowing his own horn, that's his job!

HIAB - thank you for proving my point so eloquently.

Still waiting for your answers to the large black hole that is financing for the company to exist.
I won't hold my breath

There is no legal requirement for a company to publicly acknowledge a backer has walked away, this information usually comes from the backers themselves. Unless you hear otherwise, your assumption is correct, they have left.
As for why the board is so quite, its difficult to maintain a conversation with some members who insist on shouting nonsense or option as if its fact, while ignoring actual facts. Most of the cringeworthy idiots on this board have left supporting Trump and joined here it would seem.

red leader, its more likely to end this way
https://www.youtube.com/watch?v=oxHN4fje33w

Sunny63
Despite what others may tell you, we are all in the same boat. We have all bought just before the fall and all have been caught on spikes or trying to catch a falling knife thinking they have found the bottom, don't panic.
Here are my tips to you which i have learnt the hard way.
1) DO NOT invest in AIM
2) buy a company you understand, if you don't know what they do or how they make money, walk away
3) DO NOT BUY AIM
4) Look at debt levels of a company, its cheap to own debt now but in 3 years who knows interest rates might be 5%. If they have more than 2.5x of debt to annual earnings (like BT) then walk
5) don't listen to people who tell you "its a sure thing" or "there is so much product in the ground". A product in the ground means jack **** as you can not sell it.
6) Look at the share price over a minimum of 5 years, if the trend is down, walk, if the average price is near, walk, if the average price is say £5 and the current £2.5 look into why, it could just be Covid, its probably not.
7) DO NOT buy AIM
8) Has the share price risen significantly recently (80%+) or is it a new company, walk it will probably crash just as fast.
9) NEVER invest money you have borrowed.
10) NEVER get attached to your investment, its not personal, its a purchase. Some will not sell at a loss even though its never coming back up, me included.
11) BEST FOR LAST - Do you believe with the information you have today that the company has a possibility of going under?

I now stick to FTSE 100 companies only. When it looks like Covid is over and Brexit is done (say feb 2021) I would personally look at Bank Shares once more, Pharmaceuticals are good but expensive, insurance is usually a good revenue earner, stay away from builders until May 2021. Lloyds is in a world of pain if Brexit is a load of tosh and jobs disappear over night.
Fusion98

at least you admitted that there is a possibility of GCM going under. While you contemplate this, how about you ask yourself where the day-today running costs (£1.3m pa) are going to be funded from? Polo is out of the question with less than £1m in the bank before being delisted, the Chinese certainly won't pay up for that and last time they couldn't get outside help either which is why Polo got fleeced. Now with a pandemic in full swing, international lenders going against carbon investments and the bang government "reviewing" all power stations which are approved (GCM still not submitted never mind approved) who is going to cough up? Tang himself? PMSL

oh Rocketman why don't you grow up?
on the filter list you go

There is no dividend for 2020, i thought it had been cancelled along with the majority of the FTSE100.
Ex-date is therefor irrelevant as the price will not fluctuate as in a normal year.
Fusion98

The 5% jump from Bidens win is starting to appear but as that train is yet to arrive i've decided to stay and ride the rise for a while. IT won't last forever but its always nice to see a winner in the portfolio for once.
Good luck all, Fusion98
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I've bought in today at 179p with a look to getting out around 200p by end of Jan 2021

CStallion, thanks for the link, i noticed in the article it was Prof. M. Tamim said "It is better to establish coal fired power plant at the mine mouth". GCM has worked hard to prove they are a low cost provider of electricity and can provide more coal than under ground mining, they also have proposed a power station at the mine mouth which fits this conclusion.
However State Minister for Power, Energy and Mineral Resources Mr. Nasrul Hamid MP said "We are now planning for future how to generate low cost uninterrupted power using mix fuels" ... due to costs and lack of coal in the article.
At no point did either mention open pit
So i ask you. Did they not mention open pit due to... (a) not wishing to contradict the PM? (b) Prevent giving unwanted attention to the likes of GCM? (c) go against the governments current policy of gas imports? (d) not asked by interviewer?
I am not personally aware of another open pit mine proposal in the country but that doesn't mean there isn't one.
What are your thoughts please?
Fusion98

RichieRich, Deramping is about as real as "deep state" neither exist.

https://chinadialogue.net/en/energy/11988-shelving-of-huge-bri-coal-plant-highlights-overcapacity-risk-in-pakistan-and-bangladesh/

I've decided to keep my thoughts to myself regarding my personal stance in this project as some people get very upset. Instead here is some actual factual news, i would be interested to see FACTUAL objections to this report.

In August 2020, signalling a potential pivot in Bangladesh away from coal power towards increased reliance on gas-based power from imported liquified natural gas (LNG), Bangladesh’s minister of power, energy and mineral resources, Nasrul Hamid stated that the government is planning to review an array of planned coal plants with the exception of three which are in construction and nearing completion: the Rampal power station, the Matarbari power station and the Payra power station. According to Minister Hamid, "We are reviewing how we can move from coal-based power plants." Phulbari Coal Project (China Gezhouba) is, therefore, likely to be reviewed by the government which may cause delays to the project or even cancellation

You clearly don't understand finance records or how much it costs to list a company on AIM exchange and you sound over leveraged as reality of your choices is starting to hit home. Never play the stock market with borrowed money or money you can not afford to loose, specifically on AIM and my personal investment choices are none of your business.
Why would i want to sell up when i can live rent free inside your head?

HIAB - 'Shares are worth less, they have zero value, there is no way to sell them even if they did' WRONG
So how do you sell POLO shares then or any company that has been delisted?..... evidence please.

How is it wrong exactly to say that NAV is irrelevant? If you had a house you bought for 500k and the market collapsed but its still listed as worth 500k but the only buyer is offering 350k and you have to sell, how is it still worth 500k?

Your ignorance is starting to show, I'm guessing your under 25 years old. Don't bother replying, your acting like a Trump supporter where evidence and truth hold no value in your deluded conspiracy theory world.

No they don't and no they won't.
Shares are worth less, they have zero value, there is no way to sell them even if they did. NAV is irrelevant, something is only worth what someone else is willing to pay,
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Polo shareholders still own their shares and its NAV was far greater than its last traded price. They will still be entitled to a
share of any GCM success.