I’m tempering my expectations to be honest.
We are in a far better position than we have ever been and with international backing from the Chinese.
However, this can only move up when the seller(s) dry up...and hopefully this is soon. This can swing 20-30% in a day in either direction and at some point the sellers will be done IMHO.
I think it has something to do with vested options. Someone else mentioned this a couple of days ago.
Just working so can’t dig out the details...this is why we need Searcher back!!!
For anyone that is researching you may want to cast your eyes on this...for the sake of research and balance of course!
https://www.investegate.co.uk/gcm-resources-plc--gcm-/rns/oecd-process-concludes-on-release-of-final-report/201509101405046632Y/
Someone is clearly doing their best to undermine things here and it’s interesting that after months of nothing and disinterest posts are being removed!
There is also a seller selling in 20k chunks. Once they have cleared we should hopefully stabilise and move up. Tang is due to arrive in the UK today. AGM shortly as is JDA.
Someone posted this early 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....
Cheers GP - been ages since I read that! But what a read...£26 a share!!! That was when there were approx 40M shares in issue...even with approx 100M in issue this could be £10 a share based on that report!!
Still hoping for that £10 party!! Lol
Fair play mate and a fairly chunky punt!
I’ve been adding on the dips as I feel this is PRIMED to go! Lol
It feels like this is being held in a trading range at the moment...
MMs don’t want it rising above 27p and then there are large buys when it dips to around 24p...happy for it to consolidate before the next rise
And then someone offloads 25k 2 mins before close to smash the bid down again...hmmm
Just gone through...that’s not punt money!!!
Who thinks games aren’t being played here to scare out the weak??!
Erm...Autobots...Transform and Roll Out! Lol
It’s bouncing back up into the close...few more buys and we might end up even!
Was a genuine question mate given the 70% rise at the time I posted. As someone else has posted, AIM is a cesspit.
It has now risen too much for me to jump in now but good luck to those invested.
All the best.
To be fair...anything Align are involved in usually causes me concern...they don’t have the best track record and do seem to be involved in / promote some shoddy companies.
But good luck to those invested. Hope it comes good and remember to take profits (as many seem to be doing already).
Fair enough mate. Does this mean that a placing is categorically ruled out??
Well done on your profit mate.
I don’t think anyone is taking issue with you if you don’t feel it isn’t the right investment for you - that is fair enough. But why are continuing to post and try to spread fear and misinformation? Most of the posters here are longer term and have done their research and understand the risks / rewards.
Normally, once someone sells up in a share they move on (or at least the majority do unless they have ulterior motives imho).
Cheers mate. Looks like a good strategy to me.
Thanks guys. Poulden is an ABSOLUTE AVOID imho.
For anyone that is in the blue with this I hope they do take profit given past history with this and other shares that Mr P has been involved with. But each to their own and good luck all.
Just seen the rise here. Well done holders. Is the news actually worth the rise in the SP or is this a pump and dump???
Don’t let it get to you Searcher mate. There are a handful of us that have known the GCM story for almost 10 years now and as you say, I think we are on the cusp of this finally coming good.
Games are being played with the SP at the moment. There are those ramping and deramping this to their own ends (and having posts removed to suit their agenda) however at the end it won’t make any difference...with any positive newsflow (which is due imminently) this is only going one way I think!
Good luck all