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Sakura, I remember your warning posts.
I tried to get some conversation going but nobody on here was listening all calling you a deramper, fake profile etc yet could offer no counter argument.
You certainly were 'cancelled' which is not what these boards are for, conversation should be two sided but these days the bullish always gang up on the bears.
On the back of your posts and supported research I did reduce my holding slightly, I wish I had sold all of them.
Now I'm sitting here contemplating selling what's left and moving it into better performing places.
I await the perma bulls comments trying to discredit me.
No doubt that will help me make my mind up regarding my holding.
Donkey, Your reply certainly confirms some doubts I've been having.
As you say cash burn is high especially whilst nothing is progressing, sitting around waiting for this elusive Anglo deal to be signed off is posing more questions than answers.
There are other projects which could should be being advanced but it appears NVS is resting on his laurels.
Illaquens, Thank you for the link.
It's interesting that ARCM appointed Rothschild & Co as its retained financial adviser in March 21.
Donkey, this is off topic.
You mentioned Nick Von schirnding as being a reason for staying away from a share.
Could you elaborate further on this?
I hold ARCM and have done since ORTAC days. Nick came in and focussed on the company and has increased share value focusing on the Zambian Copper and Cobalt Project.
Luckily I took some profits but have been thinking of buying some more on a pull back under 2.50.
At the moment I'm losing faith that a JV with Anglo American will ever happen.
GCM Resources plc
("GCM" or the "Company")
(AIM:GCM)
Statement Regarding Share Price Increase
GCM Resources plc, an AIM quoted mining and energy company, notes the recent increase in its share price over the previous 3 days and is aware of reports in Bangladesh concerning coal supply shortages and significant power load shedding in Bangladesh. It also notes significant associated commentary within Bangladesh on a suggested move towards developing and extracting coal from its own domestic mines, rather than rely predominantly on imported coal.
The Company confirms that it has no price sensitive information to announce at this time and there are no material updates to add to its previous trading update included in its interim results announced on 22 March 2023.
Looks like the market is on the move.
Uranium starting the seasonal move up as the utilities start securing contracts, Sprott has been having a little nibble.
Loads of positive Uranium news coming out.
Over recent months Uranium market has done well at holding up when wider markets which have mostly been trashed.
Put these on 'watch' at just over 30p.
I'm still out, wish I had paid more attention.
A 'damp squib' is something that fails ignominiously to satisfy expectations; an anti-climax, a disappointment.
The first thing to say about the expression 'damp squib' is that is is 'squib', not 'squid'. Squid are a species of cephalopod. In their natural environment squid are usually damp but that's as near to this phrase as they are likely to get.
A squib is a form of firework, usually cylindrical in shape with a paper fuse at one end, which provides a mild explosion - think 'dynamite lite'. Clearly, fireworks work best when they are dry. Anyone who, at a backyard bonfire, has lit the blue touch paper and retired only to see the firework phut and fizzle out will know the disappointment of a damp squib.
In the 16th century, 'squibs' were also short, sharp literary compositions of a satirical or sarcastic character. Both the 'firework' meaning and the 'satire' meaning are first found in print in the 1520s and it isn't entirely clear which came first.
Damp squibThe first use that I can find of the expression being used figuratively certainly derives from the 'firework' meaning. That is in the London newspaper The Morning Post, March 1837, in a complimentary article about the British parliamentarian George Grote:
Mr. Grote is a nice man. We rather like Mr. Grote. Mr. Grote does not vote black white; or fiz and splutter, after the fashion of a damp squib.
'Squib' isn't a word that we find ourselves using very often, hence the erroneous 'damp squid' isn't difficult to find in print, for example, this piece from the Trinidad & Tobago Express, June 2005:
I imagine the excitement will last for another few weeks before it peters out into a damp squid...