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You need to read between the lines the ducks have all been lined up...Chinese state backed PCHINA & NFC have now entered into a JV, NFC taking 5% equity in the project and taking charge of EPC.

Grab them if they let you!

Shares in GCM Resources PLC jumped Thursday after the company said that it had signed an agreement with China Nonferrous Metal Industry's Foreign Engineering & Construction Co. to develop GCM's Phulbari coal and power project in Bangladesh.

The AIM-listed mining-and-energy company said the two companies have agreed to establish a joint venture to discuss and arrange works related to the project, including a definitive feasibility study and financing. China Nonferrous Metal is expected to acquire a 5% stake in the joint venture, GCM said.

As part of the agreement, China Nonferrous Metal will facilitate to arrange financing for the project and be appointed as exclusive engineering, procurement, construction and commissioning contractor, GCM said.

Yep brace yourselves big bounce coming into close lol....derampers honestly no shame! By the way SP 17.88p to buy.

Lol...they’re just got into an alliance with big money corporations!

https://mobile.twitter.com/hashtag/bulletinboardheroes?f=live

Yep 30p...but this is even bigger news. Company maker, remember GCM were priced to fail!

Bid creeping up..

Showing as sells at 18

You need to read again...lol that was a MoU!!!

Should know PC is Chinese state owned company! They wouldn’t be signing MOU and now committing to Framework Agreement if there was any doubt! This now gives market confidence and certainty this GCM will get licence.

But it this way Chinese would not have committed themselves here if there was any doubt!

Nothing of RNS...holding RNS nothing more.

Big global Powerhouse players all joining together...this is monumental news for GCM key highlights:
- NFC to take 5% equity in project
- NFC to be EPC Contractor
- JDA Agreement Entered and commenced
- GCM backed by strategic partners

More than 100% likely...priced to fail!

Those 10-20%ers can pay premium tomorrow to get in lol

Company have been paying the debt already with proceeds of warrant and CLNs...they confirmed this last week..around £600k paid..so I reckon it’s around £500k to pay.

With £1m owed by Greencastle, 100k/month + 25% profits, this could be settled very quickly...

I don’t agree, although we haven’t seen 100m sells recently it however does mean EGHOS have not been selling. I’m suspecting they’ve been selling in smaller portions, otherwise who on earth has been selling at around 0.014 levels for over a week now??

Remember normally when EGHOS are not selling this SP rises very swiftly...SP has been stagnant for over a week since last TR-1, with loads of selling...

They’re generating big revenues (+ more to come) and they’re planning conventional finance by end of quarter dec 2020, by this time this company will be in a very strong position and expect SP tone significantly higher.

This is yet to come, so in essence we could pay off EGHOS very quickly as JM gets fully operational with £1m Owed + £100k/month + 25% of Profits on this alone...notwithstanding the other business with Alexa / Intafagion / GSN etc

Seriously...anybody deramping is looking like a fool on these boards. Best take a walk and clear your head before you lose any credibility you have left on here!