Member Info for Fusion98

For what its worth I hope that GCM gets the agreement it wants and is a success.
My personal thoughts are that the company is in trouble. If i were able to get out with break even i would and never return.
To all those still invested in GCM I wish you all the luck in the world.

I've bought in today at 179p with a look to getting out around 200p by end of Jan 2021. USA elections always tick up the markets by 5% but the world markets and Covid might force me to wait a bit longer than planned. Good company, good finance track record.

Do you think your investment in GCM will NOT result in some form of mine and/or power plant before the company goes bust or is sold off to pay Tang?
If yes tick up

Do you think your investment in GCM will result in some form of mine and/or power plant before the company goes bust or is sold off to pay Tang?
If yes tick up

The vaccine is a misnomer to be honest. A friend of mine works in this field and they doubt it will be ready before Q3 2021 at the earliest due to regulation around such things. Even then, you have to mass produce it and its a big IF it works completely as virus's mutate. The biggest stumbling block will getting people to take it.
If you concerned about your investment, ask yourself, is this company financially viable or will it go bust? If the former stay put, if the latter get out.
I am of the former
Fusion98

there is a news article about such behaviour, perhaps you should read it. I did notice it was her house that sold, not yours.
https://www.bbc.co.uk/bbcthree/article/f2b92a97-66d8-42b5-8d70-6a38c29b82e1
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9 years ago I persuaded my partner to sell her house and based on the prospect of the £10 party within 4 or 5 months max, 'we' invested her equity here and Polo and based on our total holding in both

Have a word with your supplier and lay of the crack if i were you.
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altube - China will buy the license for about 120p a share

This contract / no contract non-issue has been around for some time and i contacted GCM directly last year to obtain confirmation. They DO have a contract with the bang gov for coal extraction and mine provision for 30 years.
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ohh hang on the blog said there was no contract

You forgot the three questions, (1) who is being paid in brown envelopes to keep the status quo (2) if solar panels can work in Helmand province in Afghanistan why not Bang? (3) Why approve Phulbari and risk public backlash when there are several other coal plant and mines approved which are not yet on line?
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Magmanus49 said ''Anybody who thinks bangledesh does not want half price local coal, and wants to pay higher export price for the same thing - when coali is main source of energy for time beingis - is dilluded beyond bounds. lol.

I could not possible disagree more with Tiggy statement below. GCM is a London listed company with a license, what they say in RNS has nothing repeat NOTHING to do with bang Gov. GCM have been repeatedly pushed back so they went to the Chinese to get things in order so they can say they are ready the minute the project is approved and prove its a financially viable project, in order to reduce reasons for it to be denied once more. China's companies would have been paid fees and their contracts are "on condition that the project is approved" nothing more. To say they hold weight is a common misconception. Chinese companies have been involved in many AIM companies to the same level as GCM some worked others did not but make no mistake they will want their pound of flesh on unfavourable terms, look at the MG/Rover deal for an insight as to how they work. The PM is not about to U-turn with 3 years left of her rule, her successor however might just do that but will GCM be around in 3 years time? Was polo delisted to asset strip it to fund GCM for 3 more years? no one knows but Tang.
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tiggy2101 - I don't think GCM would be allowed to issue RNS's by the Bangladesh government if this didn't have any legs. I don't think the Chinese would be too happy either having wasted there time on the project.

Magmanus - i haven't shorted this share at all, and good luck trying to short an aim share at all.
been here more than 13 years and have £12,000 still in the game. I sold a couple of grands worth yesterday and I genuinely hope this gets approval but i have been in other AIM shares that have all done very similar deals with China only for them to fold with 18 months and take everyone's money. The alarm bells for me was POLO being delisted.
You pays your money and takes your choice, just don't want to see others blinded by the happy 'BS' clappers who clearly are underwater.

Latino. this will not "re-rate over the next few days" as you put it, the market isn't stupid and has been let down too many times by GCM in the past. the only thing which will raise the price is mine approval or a large cash injection without new shares being produced, neither is likely

Kensigton - i predicted 12p by the end of the day, i was 24 hours out as it hit 12.2p today. Now didn't you call me mad or stupid? Who's smiling now?
Fusion98
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i predict 12p by the end of the day - Fusion98

my name isn't Steven and i'm not shaking.

there has been no approval of the mine or the power station proposed (laugh) by GCM. Primarily due to the fact GCM have yet to submit a proposal to the gov of Bang which was due in 2019 i believe. Bang does need power and several other power stations have been approved. The closest thing GCM's power station has been mentioned is it appearing on a government power presentation with a date of 2021 on it. If this had been approved the price would be much higher.
Where is the evidence that the PM has changed her mind? Where is the approval for the mine? Where is the approval for the power station?
I await you evidence with baited breath.
Fusion98

Lol...they’re just got into an alliance with big money corporations!
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and what have they provided as part of leverage? Before you say a mine and power station, where is the approval for either?

The PM of bang has said no to GCM publicly and she has 3 years left to run, GCM doesn't have 3 years money left to run as a company, their piggy bank POLO is delisted and Tang has decimated both companies.
If i saw a house i liked, got a builder to provide quotes for renovation (MOU), hired a private finance guy to get me a mortgage (NFC) and i told my backers it was in the bag they would be happy. Everyone seems to have ignored the fact the house i liked is not for sale... this is GCM.
There are several other coal power stations approved in the country yet none have started building as far as i am aware, why is that do you think?
GCM is broke and Tang thinks that by getting ready for approval will grant approval... it won't.
Seen this all before
Fusion98

i predict 12p by the end of the day

With polo de-listed there is little to prevent him from liquidating assets and keeping the proceeds for himself to offset losses in purchasing these companies from Dattles. The cash will probably go to prop up GCM which has been hemorrhaging money for years. The PM of Bang has clearly stated GCM will never be approved and she has 3 years left, GCM doesnt have enough cash to last 3 years. As for the MOU today, its just that "a memorandum" and means sweet FA.
No investment has been made, no money changed hands.
If GCM does ever get the green light to produce a mine then the finance package will drown out all PI's leaving them with 5% of their current holdings or less, if you don't believe me check out how finance worked for GKP or SXX.

Filtered
this ain't facebook or therapy