Member Info for Jazzer67

Gooner only 10 hours now, we can tell the time, is this in relation to Dyani's share options expiring? , please do tell mate rather than teasing like so..

To be involved in a presentation to the Bangla government?

Surely we should know on 31st May if this is going to happen or not. the man closest to wether it will go ahead is surely Tang. If it is correct he has 7m options at 11p and he does not come up with the cash for the options or nobody funds him to do it they must have concerns. If we look at a minimum of a pound a share on JV, taking up the 11p a share option would surely be a no-brainer. Interesting times. GLA...

Thanks for the reply glaw, it was my spell checker that changed your name to glad. Yes we're all nervous, the aggressive seller is really frustrating. The constant blocks of 10k and sometimes more sells are really keeping the price from going anywhere. What are peoples ideas on who the seller is and why? If it is the consultancy company selling their payment shares in a company they're trying to win a mega deal for surely that would tell us something.

glad, if you're a holder here why put lol?

Thanks Marv, I mibbee should have checked the organisers website :-)

Marv are any of the other parties proposing coal mines in Bangladesh on the exhibitor or speaker list?
I can't find the list any chance of a link?

Thank you very much for the detailed reply Jonah, makes everything that is going on a lot more understandable for myself. As I said I have a fair investment in GCM going back over ten years. I can only hope this is another one that Tang eventually delivers on. It is very much a binary bet as they say, it must happen in next month or two or it is gone. There seems to be a lot of recent press about Bangla going against the grain due to necessity and going for coal plants. I really hope that Power China still being involved means that something positive must be happening behind the scenes. We await with baited breath. Good Luck to all.

Just posted message below to Polo BB but don't think it's a very busy one...

I am not a shareholder in Polo but I am invested in GCM. Can I please ask for some Polo holders thoughts. I know there is a shareholder group trying to prevent the re-election of Tang to the board. Does Tang's continuing investment in GCM have a major bearing on this as Polo shareholders do not think he will be able to deliver on GCM's Phulbari project? or is this a whole further reaching discontent with his actions?. If Tang could deliver on GCM surely it would be fantastic for Polo.

I am not a shareholder in Polo but I am invested in GCM. Can I please ask for some Polo holders thoughts. I know there is a shareholder group trying to prevent the re-election of Tang to the board. Does Tang's continuing investment in GCM have a major bearing on this as Polo shareholders do not think he will be able to deliver on GCM's Phulbari project? or is this a whole further reaching discontent with his actions?. If Tang could deliver on GCM surely it would be fantastic for Polo.

Yes let's hope so Marv, certainly needs something to get it moving.

Marv731, Tang has still not been re-elected to the Polo board. It's a non binding agreement with Polo re. the funding, could this be holding up any notification on this matter.

I was hoping to cut & paste Mass-Debate99's post from 14.49 yesterday but I see it has since been removed. The post stated that this share will not rise anytime soon and was ended with the word "FACT" (in capital letters too). As Mass-Debate99 takes infantile pleasure along with others at poking fun at posters who post opinions/guesses/hopes, I was hoping that if he knows the facts he could post this information on the board for the benefit of us fellow investors (who don't know the facts) of what is actually happening in the background. Thanks in advance to MD99.

Fusion, Goonerpete, rocket.....why are you here?? genuine question.

Thanks redeye, makes sense. GCM have gone very quiet, I tried to email the company but after 3 attempts I have had no reply, hopefully they will surprise us soon with good news but it is getting quite worrying.

Can someone please confirm my recollection that if the plug is pulled on Phulbari the GOB are liable to compensate GCM for expenses incurred to date. It is reckoned that this figure is in the region of £60 million. If this is correct surely the share price should have an insurance policy of around the 60p region. Have I got this wrong?

One of the reasons I invested further in GCM at the beginning of the year was the announcement of advanced talks with a major mining company. Since then nothing, surely if these talks are still ongoing after all these months this company are really very, very interested but if they have walked away we should surely be told by RNS. I really hope a lot is going on behind the scenes and we hear something soon. GLA.

Thanks rickyroman, I have read the website and various other articles and forums. A lot of people are saying it's an obvious buyout by the Chinese and are quoting various figures.
I would be delighted with a decent buyout price , been waiting a long time.
I was trying to research what this price could be and was struggling to see what they are actually selling. I presume it's the
binding contract that has been mentioned and all the research to date but I have no idea how this is valued.
The most relevant comment I found was the chairman's comment below from an agm a few years ago.

"The Chairman said that the first company that secured the contract was BHP Billiton, which secured it from the BNP (Bangladesh National Party) government. GCM subsequently acquired the contract from BHP, and it was endorsed by the Awami League government, so there were two governments endorsing the contract. Within the contract is a licence for mining under certain conditions. In the company’s view, GCM has fulfilled all these conditions, and it is now for the government to issue the go-ahead. GCM’s position is that it has a valid mining contract with the government, and the government happily accepts its licence fees."

here's hoping for a deal, GLA.

I've held shares in gcm for over 10 years now, way before Chinese interest. I now have time to have a look at the current situation.
Can I please ask you guys more up to speed for some answers to some questions I have for starters.

1. GCM own the licence for Phulbari, who owns the actual coal in the ground, is it the Bangla Govt?
Can GCM do a deal to sell this coal in the ground to a Chinese consortium?. There are 570 million tonnes of coal and if being sold today fetches circa $130 a tonne. If GCM sold for $1 a tonne whilst still in the ground, very roughly we are talking £500 million.
100 million shares = £5 a share.....very simplistic I know but is it feasible?

2. If we do not own the coal and just the licence to mine, how do you value this licence? I presume it would be valued at some kind of ratio to the amount of coal available but I wouldn't know where to start. Do any of the more experienced posters on here have any idea.

Any answers greatly appreciated,
also willing to accept any criticism for being a simplistic numpty too as it would be well deserved...Cheers

Hi R-du-R, thanks for your well balanced post on the current situation. The tone of your post seems very different to your highly positive posts from July, copied below. Your posts even alludes to funding from the Mutual Bank, h
ave your contacts given you some information causing this turnaround ? if so is it anything you can share with the board here? Regards

RE: Who is the miner?
22 Jul 2019 12:22
Personally think once these things are in place then once day in September we'll get an AIM suspension notice pending announcement and then this will be sold.

So few shares in public circulation and in so few hands this will be sold quickly to a Chinese consortium before the 'approval' announcement is made in Jan 2020. Tang will naturally be on the board as a type of NED for a handsome fee also.

You read it here first, although you'd have to be brain dead not to realise this is what was going to happen here. £7.25p is my guess for the buyout price.

Who is the miner?
22 Jul 2019 11:11
Pretty sure now that NFC are just the infrastructure and management company and not the 'major' miner that has been previously discussed.

We are due news very very shortly on the miner and the project funding (MBoB)

Hold tight, another jigsaw piece about to click into place.