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another rally?
The MOU sets out a projected timeframe of concluding a Joint Development Agreement with the parties by 31 December 2018, and subsequently submitting a formal proposal to the Government of Bangladesh by 28 February 2019.
Just over 4 extra weeks have been given to the original 3 month timeframe. Would expect the proposal to be in place early April - will go for 5 April 2019 for next RNS.
except shareholders
they think of the deal. Management could not care less regardless.
only you can decide. Ask a holder and they want the price to go up so will say yes buy. Ask someone that is short on the stock who needs the price to drop they will say no don't buy.
In the event that the conditions pertaining to the availability of the first tranche of Facility B are not satisfied by 8 April 2019 the company is likely to utilise restructuring options which would result in the core operating subsidiaries of the company (and in particular Debenhams Retail Limited and Debenhams Properties Limited) being transferred into the ownership of a lender-approved entity.
'We have also preserved a route for our shareholders to participate in the future of the business, but this requires the support of our major shareholder.'
Directors to shaft shareholders further!
turning blue
ticking up
below nominal price 0.1p
one deal = large % gain
Polo is pleased that GCM has attracted reputable and leading companies as equity partners, a significant endorsement on the viability and attractiveness of the Phulbari Coal and Power Project.
GCM announced in November 2018 that it had secured a £1.2 million increase to its existing short-term loan facility of £1.1 million with Polo Resources Limited bringing the total loan facility to £2.3 million. The original £1.1 million has already been utilised and this latest amount will be drawn down in equal quarterly instalments of £300,000 and will be used in progressing joint venture arrangements with development partners and preparation of a joint submission to the Government of Bangladesh.