Member Info for horse1

Yes previous losses can offset any CGT you have to pay. I think you can go back 4 years.
https://www.galleyandtindle.co.uk/when-is-it-too-late-for-capital-gains-tax-losses/

I tell you what Thoth2, for a 62 year old lady she is looking good. I met Toyah in about 1977 when she was just starting out. We were dong a Disco at the Fort Dunlop works club in Brum and she did an hour, sounded weird but that was punk starting out. She looks better now than then IMHO. GLA

Another piece of news of how much the Chinese are ploughing into Bangladesh. There is an interesting mention on land being allocated for a 1,320MW power plant, not us as we are going for 6.000MW. GLA
https://ena-news.com/national/economy-national/china-top-investor-in-bangladeshs-economic-zones/

Apology accepted. GLA

All of our advisors are being paid in shares, they are willing to have shares instead of cash because, they too believe, it might get the go ahead. If anyone wants to buy them at this price they can, but once they exceed 3% of the total shares in circulation they have to declare an interest.
The whole idea of investing in shares is to buy low and sell high.
Did I miss your prediction? GLA
P.S.I have no more time for your sniping, last blog from me on this matter, I was asked to explain my prediction, I did, and you rubbished it. Put or shut up, your prediction please, no more waffle.

OK if you think making reasoned assumptions are pulling things out of the air then we can agree to disagree. You are on your way to answering my question, prediction please, and how you got to that figure, when you criticise others for their predictions, and how they got to them, you must at least give us yours. GLA.

To make predictions you have to make assumptions, 12MT a year is an assumption, Again what is your prediction, there are others on here as well suggesting £2-3. Looking forward to your detailed prediction. GLA.

I invite you to predict how much the share would be worth if given GL. You are amongst friends, people who say utter B.S to others opinion, even with some justification, whether you agree or not. It is so easy to rubbish others whilst not having the courage to state your own. Can we now see your value/SP if we get the GL with detail please.
PS REDEYEMINES you are absolutely right about the power generation, but I left that out

Good morning LifeofBrian. Here is why I suggested, if we get the go ahead, a share price of between £2-3.
Hopefully others on here can produce something as clear and concise on their prediction, not you by the way, as you are asking a genuine question.
Phulbari Asset is 570million tons of high quality coking and thermal coal.
IF we get the go ahead and mine say 12 million tons a year:
12 million x £70 (Current Newcastle thermal coal price) income of £840 million per year
6% royalty tax (-50.4 million) and 30% tax (-252 million)
Income after tax = £537 Million per year
A modest NPV of x 5 (Modest because of the massive Capital outlay of possible £3-4 Billion) gets us to £2.68 Billion. I believe by the time we have all shares weighed in we will be at 300 million shares
So 2.6 Billion/300Million gets us to £8.9p a share
If the Chinese take a massive chunk, which they will, and they supply the Capex my estimation is the shares will be worth between around a 1/3 of the above calculations. £3 ish
The figures above are not plucked out of the air like others on here think, and you can see why the Chinese are so keen on getting on board. Obviously it is all about getting the GL and everyone knows that, but if it goes the figures eye watering. PS most NPV run between 8 and 15 multiples. Thanks
GLA

Does anyone think it is possible that Sierra could make a one off bid for Sareum’s 27% share. Some posters have suggested a “clearing the decks” as Tyk2 is the hot property. Just ask because we are not mentioned in any of their bumf and they recently renegotiated the terms. GLA

MD 99, instead of sniping from the sidelines, share your prediction for the next 6 months. Reading your posts you mock others but never make a prediction. £2-3 is my prediction, laugh at it or not, what is your prediction. Sniping is easy. GLA

I have held GCM for 12 years and have missed all the spikes waiting for the elusive green light. Interesting and welcomed news about James Hobson returning. He left 18 months ago after serving 13 years with GCM and along with Gary Lye has untold experience about this company. With the news about Power China wanting a bigger piece of the action and only extending the current framework agreement for 6 months, Polo cash drawdown also about 6 months worth and the return of James, IMHO I think they may have had a nod. Things seem to be moving quickly, I would expect a new Framework with Power China to be the next news and I would expect 40-50% share of the participation.
This is probably the last throw of the dice for GCM and hopefully it will give us some success. With the years and years of dilution and more to come, I think a £2-3 return is the range we will be looking at, but I think it will be resolved one way or the other within the 6 months. GLA

From original RNS they resign from today.
GCM Resources plc, an AIM quoted mining and energy company, announces that the Company has received notice from Strand Hanson Limited, confirming that it has formally resigned as Nominated Adviser and Broker to the Company, with such resignation to take effect on 6 January 2021.

Very small but interesting clip, with the 3 main reasons NOMAD's walk. I wonder if our NOMAD walked for one of these reasons?
https://www.uhy-uk.com/insights/over-150-companies-forced-aim-after-loss-nomad-last-decade

Hello Stach, I fully understand the difference in Market Cap between the 2 companies, but the scope for multiples of existing SP's is still probable. I am with you though on expectations, although I am a bit more optimistic, 10-15p would see me in great shape and would be life changing. GLA.

Thank you Brighty, you have saved me a job. That comparison really does show the potential here. GLA

My apologies, you are correct Fusion, it was the previous one before the last one (2018) being 2014 that threw me, albeit in Jan. I will repost next year. GLA

The next election in Bangladesh should be in 2022. Hasina has already said that she will not stand, and I recollect people’s views are that her son may take over as leader, as this is how it works in Bangladesh. As she is half way through her tenure she may bail out at any time, giving her replacement some time to get established.
Many on here, including myself, have blamed the lack of Phulbari progress on Hasina, as she has allegedly made promises about not mining the area. I think our last chance of success is having a new leader, and I would expect that to be soon or by the end of 2021 at the latest.
I will try and dig out where I read about her not standing next time. GLA

Great find Bassar, very interesting indeed. Why only a 48 month lease? GLA.

if they wait for successful trial results, then all bets are off.