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Nice summary of the state of play Searcher - thank you.
Well we’ve gone up 1,000% recently, so it’s not out of the realms of possibility for us to do it again.
It can’t be too long before we find out where we go from here too.
Exciting times for sure 👍
Hi Cloughie.
I believe a company doesn't know how many shares anyone has until they are notified by the buyer. They can't tell them if they've passed a threshold if they don't know how many they have.
We had this years ago with another stock and i can't remember the exact details but i think that was the case.
Hope you are keeping well mate.
It seems the media is longer fearful of being critical of the powers that be.
It also feels like it’s ‘chip, chip away’ at the populous that open pit mining IS coming….
Or maybe rose tinted? 🤷🏼♂️
Djm1 - “has the feel of a softening up job,”
I was discussing exactly this with a friend earlier and used the same ‘softening up’ phrase.
I’m actually getting more and more confident by the day that they will announce it soon.
“However, the question arises as the power and energy sector has been managed in crisis management mode over the past two years. There exists a huge crisis in the dollar and local currency availability. Hence power and energy sectors huff and puff with outstanding payments. The banking sector, though interested in investment in power, has now turned around. The crisis in fuel imports is getting intense. Whatever the power sector earns in trading power is barely enough to meet regular expenses. Hence outstanding payments are accruing.”
It’s interesting to see people are now being openly critical of the decisions that have been made that have left the country in this total mess.
Good couple of articles Searcher 👍
Crazy Searcher.
“The government is bound by its commitment to the IMF-bailout package to maintain a threshold on its foreign exchange reserve. That is non-negotiable. ”
They could have avoided all this by green lighting Phulbari 10+ years ago (at least).
They have to sort this out - and soon.
I would be careful what you write ‘Mr enthusiastic’
Unusual first post on this board to say the least.
I can see one article from someone who appears to like to short stocks, so that isn’t exactly a damning article in the FT is it.
Posts like this could be libellous.
Ramper! 😂😂
Only joking!……. It’s good to reflect back at all the important recent news we have had.
Invaluable too, if you are new to this share and want to know a lot of factual information.
👍
"BBC Bangla has learned from the Ministry of Energy that a proposal based on various surveys and feasibility studies conducted in the country's coal mines will be presented to the Prime Minister by April and approval will be sought."
April it is then - and this is from the Ministry of Energy not GCM.
Great find Pappi!
GCM Resources plc ("GCM" or the "Company"), an AIM quoted mining and energy company, announces that it has received notification from James Hobson, a former director, to exercise 425,000 options ("Options") over new ordinary shares of 10 pence each in the capital of the Company (the "Option Shares") at a price of 11 pence per Option Share. The consideration received by the Company on the exercise of the Options is, in aggregate, £46,750.
Application has been made for the Option Shares to be admitted to trading on AIM, which is expected to become effective on 28 June 2019 ("Admission"). The Option Shares will rank pari passu with the ordinary shares of the Company in issue.
Following Admission, the Company's enlarged issued share capital will comprise 98,638,655 ordinary shares with voting rights in the Company.