Member Info for Gdale1997

I agree this looks primed to move up above 6p.

A lot of chunky trades today, the likes of which we haven't seen in the past few months. I feel news is imminent.

Attack on 6p?

Strange how we are seeing these large trades appear but the share price isn't budging, I wonder if there is something larger being worked in the background?

Hopefully we get some good news this week!

I'm not entirely sure what will happen, I resided myself to the thought that I will lose what I have invested here. RG clearly has a plan, however I reckon us PI's will get screwed over. Obviously I hope that I am wrong, but time will tell. All the best everyone.

I have to agree with MIBO here, large spread is due to how illiquid the share is and the risk that the MM's are taking to make the market.

I thought that once a shareholder held more than 30% of a public listed company, a mandatory offer had to be submitted?

I have just checked the MMC website, which has BlueGem Delta Sarl at 31.29%?

Currently bouncing on the lower trend line of a trend channel, we need to close above 4p and then next week break the top of the descending wedge.

I think that we will only get an early RNS because of the time difference. I think that at this rate the company will have to pass another delisting resolution as I can't see being granted approval before tuesday.

I'm no charting expert but we seem to be in a falling wedge pattern and nearly the confluence of the two edges. We should see some sort of move in the near future, hopefully to the upside. Initially I thought there may be another seller but I'm not too sure now as volume is very low compared to the past few weeks.

Would be nice if the company updated its significant shareholders information on their website.

I think that news will be required for the next push, we weren't able to break ~6p so seems there's some resistance there. I think people will start to sell if there isn't news within a week to 10 days, as we get closer to the end of H1. Would be nice if we finish the day flat or slightly up.

From the application document, I assume the following reasons are what the raised capital will be used for:

approximately [REDACTED], or HK$[REDACTED] (equivalent to approximately
RMB[REDACTED]) of the [REDACTED] will be used to strengthen our financial position so
that we can satisfy the cost commitment at the early stage of the projects and therefore there
would allow us to undertake more projects in the future, thereby maintaining and further
consolidating our market position in the industry;

approximately [REDACTED], or HK$[REDACTED] (equivalent to approximately
RMB[REDACTED]) of the [REDACTED] will be used for the development of demonstration
projects for (i) Generation 2.0 technology; and (ii) molecular sieve dehydration technology;
and

approximately [REDACTED], or HK$[REDACTED] (equivalent to approximately
RMB[REDACTED]) of the [REDACTED] will be used as our general working capital.

Out of curiosity what price per share do you expect the buy back to be? Additionally, do you expect this to be before or after delisting? Like I said earlier I fully expect to see no value from these shares, however I would love to be proven wrong. No point selling in my opinion as the price quoted is **** poor.

I don't expect to extract any sort of value from my position, hoping for a buy back but not too sure how likely that is.

I reckon this will be a steady riser all week, cant buy a bean and little to no sellers.

Diversified Richard Bennett (Non-executive Director) tweeted: "The answer should come from HKEx 4 weeks from submission. We are expecting to have an update next week at latest. The China/USA news does not seem to adversely affect the HK market."

Diversified to list on the HKEX you are required to have a minimum MCAP of ~£50 million, which equates to around 11p a share.