Adrian Hargrave, CEO of SEEEN, explains how the Company is now funded through to profitability. Watch the video here.
Isn’t the only reason Dyani are selling is to stay below the 30% when milestones are complete??
It will be interesting to see how much MMs try and play this tomorrow - if they drop this into the teens I will be buying 50 - 100k if I can.
Truth is nothing has changed other than a delay which is more than likely going to be a week or two at the most and probably down to the elections.
I assume the election results will be known in day or so after the polls close and then hopefully the focus can shift back. The fact is that:
1. GCM are in a far stronger position than they have ever been
2. Chinese are backing this
3. Chinese are investing big in Bangladesh
4. Bangladesh need investment and power and cannot afford to upset the Chinese
AGM will provide the opportunity to question Tang and find out more. In the meantime, watch your stops (if you have them here then I think that is foolish given the volatility) and watch out for MM games!
Fair point and could be the reason for the delay. I suspect GCM / Chinese will want to agree terms once they know who they will be dealing with. It seems odds are for Hasina to remain in power though.
In any case, we can find out more at the AGM and I suspect the delay won’t be more than a week or two.
The delays might in part be caused by the fact the documents etc must be legally checked etc and, assuming this is done by UK entities in the case of GCM, the they have probably shut up shop for Christmas / New Year or at least would be winding down.
As for the equity dilution, I have no problems with GCM giving away a portion of the mine etc to the Chinese in order to get this done. Remember this is a state owned Chinese entity, China has huge leverage over Bangladesh and if it is refused can pull the plug on a number of investment initiatives in Bangladesh. The Chinese will get this done and even if we only end up with 50% of the project (not saying that will be the case) then this is still worth upwards of £10 a share!!!
2019 is going to be HUGE for GCM...at long last it looks like this will happen!
If we are to use this analogy mate then all that has happened is that the spud date has been moved back by a week or two due to choppy weather conditions!
Drill is still planned and COS is pretty damn nailed on!!
Again, MMs May take this down to a silly level on Monday and I would love it if they did as I would add. There will be more info at the AGM on the 28th.
They may knock this down to low 20s come Monday but I suspect it will be quickly bought up if so. The market is closed for a few days over Christmas and we have the AGM at which point it will give the opportunity to question the BOD.
Will look to take advantage of any dips if I can.
It really depends on how long the delay is mate. Which is why it will be good to question the BOD about this. If the delay is by a week or so then not too fussed. It may then mean that the Feb deadline is also pushed back by a week or so but either or both events will be game changers IMHO.
Disappointing that it won’t be complete by the 31st but at least there will be chance to question the BOD about this on the 28th.
Can’t be delayed for longer than a week or two.
Repost of something that was posted by someone earlier this year.
1. GCM hold the licence to explore the Philbari coal mine
2. GCM hold data regarding the geographic extent and quality of the coal
3. Phulbari is the only economically viable mine in Bangladesh
4. Bangladesh needs Phulbari coal to transform it into a middle income country
5. The Chinese have a foothold in Bangladesh and a desire to createca JV with GCM
6. The JDA details are expected to be completed by end of Dec 2018
7. Tang has declared his intention to exploit the Phulbari coal resource
8. Bangladesh is building coal fired power stations that have no established coal supply
9. Free float of shares limited, total approx 100 million
10 Resource worth 50 billion....
Lunch time lull mate...hoping for a strong afternoon here!
Hopefully it consolidates at these levels before the next leg up this afternoon. If the buying continues and the selling is done we could close well above 30p!
Seriously reminds me of what happened with GCM about 10 years ago when it went from 17p to £1 in a few days and then went on to £3 a few months afterwards!
BMO Capital are doing their best to skew things I think...
Anyone else havibg problems getting a price for 20k shares or more??
Looks like they are going to have to let it go!!!
Oh and a nice 30K buy at 27.3 to get the ball rolling!!
Topsy Turvy morning but MMs struggling to keep a lid on it...at some point they will have to let it go!
Yes, which means that anyone with a normal L2 subscription won’t be able to see the real volume. There where some big buys on NEX early doors.
This does feel like it is primed to go...good volume and some nice buys so far...let’s see where this goes!!!
Lovely, normally don’t post is an understatement mate - you last posted in 2011! Lol. Wonder what prompted you to reply to a post directed at Jefry?
In any case, the JDA has nothing (fortunately!) to do with Bangla. It is between GCM and the Chinese...whilst there is a possibility it may be delayed I doubt the GCM would have committed to the timeframe only a couple of weeks ago unless they were confident of it being met.
There was plenty of buying into the close and funnily enough Tang is rumoured to have landed in the UK today!
We’ve got the Wick spud imminently.
But that’s not the main event...we have news due on the Sarawak and Tunisia...both of those could be game changers!
Then to add to all this...we have someone scoop up 4 MILLION shares at a £128k!
This is about to get exciting!!!
Just gone through..WTF??