RE: Investors Chronicle9 Mar 2024 12:47
GCM did have a lot more assets back in those days & cash in the bank. They also owned the Bangla Peoples Tel plus stock in Polo , Aurrora , couple of other coal companies i forget who, i think coal Africa or something.
There is also more than triple the volume of shares now.
However. Coal price has increased, which would counter some of the latter.
I believe the old original Cazenove Broker note predicted around £15 per share at full ramp up.
So, even if you divide that by 3, would still be a conservative £5+ per share. Pretty sure we’d all be happy with that 😂
Obviously thats me looking at it in a very simplistic way.
Another short term projection you could look at is on the SoD submission & potential approval.
When Hasina was first elected this went over £3 on anticipation of green light. So i guess £1 short term is easily achievable.
SoD approval, untested sp reaction but you’d have to say £3-£4, in my opinion