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"I would not get too excited about this....all HBR have had their performance bonus payments on 25th.....LC probably scoops a batch of shares as part of her bonus structure.....timing coincides"
The RNS suggests this is a personal purchase of shares rather than a Share allocation through a Bonus Award. These generally are reported differently. Ive never seen anyone given cash to purchase shares before as part of their performance bonus.
If Linda has used some of her performance bonus to purchase shares, then that is also suggesting she is confident in where her money is going. She could have coped for some nice shoes and hand bags instead if she wanted to !
I think sending you for a Maths lesson is actually required rather than a walk through !
She bought 86,000 shares.
The shares are £2.85 each
86,000 x £2.85 = £245,000 give or take.
There are many other ways to invest £250k of your hard earned. Linda appears confident !
A fight ! ....
Think Searcher may have a weight advantage ...... moneys on him
Never seen a share price move in a straight line when its rising.
Good things happening again here in the background by the sounds of it. Long long overdue.
Santiago. Who gives a rats ar5e
Its a public discussion board for people who buy and sell stock. Its not the secret service
If you pay attention to anything anyone posts on here to make your own investments then you should think about using your money for lottery tickets !
FYI - Searcher is a very very decent bloke. Appears to have invested in GCM, and only posts facts from news items.
Also seems to treat his women folk well and takes them on holidays !
To be blunt... stating the Company is losing a million a week for the last quarter is actually stating figures !
Im surprised LSE havent reviewed this irresponsible and totally unsubstantiated post & deleted it .
Is it too simple to view the current share buy back as follows;
The lower the SP then it costs the Company less cash to purchase the shares.
The less money spent on shares enables more of the Debt to be repaid, whilst reducing the number of shares in circulation, and ultimately making those remaining shares with shareholders more valuable. ?
Summary.. its good for the company to have a lower sp at the moment, but not so great for the mental and emotional condition of those private investors who are only able to view the value of their investment in the present.
Total rubbish.
Brexit has added huge complexity, process and cost to dealing with our closest trade partners. Most of us in the UK who export, do so to European markets first & ROW next.
Add this to the isolation we now face from our previous EU partners, resulting in many of them re-directing business to fellow EU countries rather than the UK, is contributing significantly to our current crumbling economy.
And this myth about better Trade Deals with the ROW... complete hogwash !
How can standing alone with reduced overall volumes to bargain with, compare to the deal the EU are able to obtain with almost 30 other nations markets behind it.
Those of us in the real world .... who know how trade works are suffering because of Brexit.
The little Englander middle class cardigan club, reflecting on a whiter than white Imperialistic view from the Victorian ages can spout all they like about being better on our own .
The facts are... We arent !
Its worth remembering that the like for like comparative share price for this business, with not too dissimilar oil & gas assets, was £25 in Sept 2018, & £10 in Jul 20... and a whopping £100 in 2012 ( although admittedly a much different shares in issue position) .
It could be argued this is a tad undervalued !
This news was the natural progression for GCM in obtaining the Scheme's ultimate approval. The plan & finance needed to be in place first with credible partners who have a track record of delivery in Bangladesh, i.e The Chinese. Then reach out to the Government for its approval using those who may have close connections and influences within it. This is why the consultants have been chosen this way from a Bangladeshi company. As I stressed previously the work locally has been tireless from GCM and in putting this in place, this now presents them with their best opportunity to link all the pieces together and obtain the GoB's approval on the scheme.
Next news is likely to be regarding an agreement by the GoB to address the wider proposal of power stations, infra structure investments and the mine development.
Just my view and of course, based on pure speculation and guesswork.
Thank you for your nice words.
I actually spend most of my time nowadays in Hong Kong helping with educational sponsorship for college foundations covering S.E Asia & UK . Recent time has been in Beijing and it is hard to get access to a lot of the western-based websites and search engines. Hence my limited contributions.
Other time in Bangladesh is subject to power availability! ;-)
My interest in this project has been long-standing and linked to my time with HSTU in Dinajpur where significant funding and a wider scope of scholarships would be presented to the University when the mine is given the blessing of the government.
Hello..
Without too much boring detail of this, there are a number of priority projects forming the Rural Infrastructure Development Project (IRIDP) for Dinajpur district.
The Long Road scheme is an important one for connecting Upazila and Union Roads. It has been promised for a while, but funds limited.
When discussions have been progressing about the improvements required to accomodate the mining and the new power stations, many of these localised items have been included within specific 'wish lists'. Many of the recent road and brisdge schemes have been carried out by Chinese contractors including the Company currently engaged within the MOU.
Its not a big project in itself by any means, but is important to a lot of local representatives and numerous items such as this are being woven into the overall discussions as part of winning over local support for the GCM mining scheme of development
A while since my last post. Nothing to previously comment on due to the layer and layer of bureaucracy the Chinese & GCM appear to be having to go through just to get heard. It is a typical example of the lifetime it takes for anything within Bangladesh to be decided upon.
However, it would not surprise me that some real progress may now be playing out, especially once Aug 26th passes by.
There appears to be many local discussions currently about the real prospect of a Power Station . These words have been suggested many times before, as have the frequent emergence of rumours of the resulting coal mine. Added to this has been the more significant approach for funds to support the Long Bridge construction project, which potentially link to the Power Station actvity.
There is a high level of renewed optimism with a few interested parties in the coal scheme development due to the required level of governmental dept engagement.
To be fair, some of the current and past GCM board & senior management have been very approachable and interested in sharing views with serious investors, regardless of their stakeholding,
Business cards are readily exchanged at Trade events or AGM's with a variety of people. In country, Gary Lye is always courteous and professional with all the people he discusses the business with. A very very likeable gentleman.
I believe those on here claiming to have contact could well be true.
As for the website.. unfortunately GCM's admin processes are somewhat loose at the moment , and emails regarding the expiry of the Domain name have been going to the wrong place. - All that is needed is for someone to contact the owners of the domain name in order to update the contract for its use; hopefully no one has since jumped in and purchased it !
Yes BH.. acknowledged. Having read the fine print.
A monthly retainer of £20,000 from 1 July 2016, payable quarterly in arrears by the issuance of Company shares at 20 pence per share (43% premium to the Company's closing share price prior to the MOU being agreed and announced) with no other financial payments nor reimbursement of expenses unless agreed by the Company.
Under the consulting agreement all share issues are conditional upon the Consultants' interest, together with the interest of its in-concert parties, remaining below 30% of the Company's issued capital. With the exception of the monthly retainer, the Consultant is restricted from disposing of any shares received under the consulting agreement for a period of six months from issue.
Dyani have been awarded monthly allocation of shares in £20k & £25k lots since Nov 16. Therefore they can sell on the 6 month anniversary of each monthly lot... It seems they aim to sell on each peak of the SP which happens to occur regularly every 3 to 4 months.
But this is a minor circumstance in consideration to the huge developments in Bangladesh. These selling patterns are no more than a means to an end in order to create the right negotiating vehicle for the acceptance of the Scheme of Development. It enables the deal with the Chinese to progress; and a way for GCM to finance these crucial partnerships. Shareholders should welcome them as a short term requirement in order to expedite the outcome that will deliver a share price that will exceed several £'s .
£266k value sell represents 12 mnths of retainer fees for Dyani which would be paid to them in shares.
Trace the SP spikes . All at the same time as RNS, all at the same time Dyani need to release shares.
So much uninformed guesswork on this site.
Focus on what is happening in Bangladesh rather than conspiracy theories about the sp. Of course the sp is raised in order for Dyani to sell. .. and the PI's ended up funding it .
But this is irrelevant if you look holistically at the situation.
The influence on the Power and Energy Division advisers is the key. Dinajpur & Dhaka rife with activity regarding the Chinese involvement in the power generation plans. The right pressure, on the right people is having a significant effect. The local Dinajpur business and educational communities are desperate now for this to happen. This was stage 1 for GCM & the Chinese. It appears to now be transcending to more senior discussions at the right advisory levels.
lots of guesswork on this board from people just trying to will the sp up or down.
The latest spike is one of several similar patterns during the past 3 years. The reason. Tang is heavily influenced by his main investors, primarily Kilkenny in the early days, and now Dyani. When they need to shed shares, the only way for them to do it at a price that gives them value is to stimulate PI interest. The way to do this is is by releasing a positive RNS, which are well timed and truthful.
This sends the masses scurrying for stock in the hope of the multi % gains. - Meanwhile, those bigger investors release the shares and enjoy the additional equity gained though the inflated sp. - As those shares are sold then the SP drops like a stone back to parity.
Thats it . Nothing more . Nothing less. The release of shares by Dyani is not due to them believing the deal is poor or not happening, but for them to realise some capital for the work they have done and to keep their share holding at a reasonable level. - They will hold plenty enough to make multi millions from the eventual outcome.
The most important aspect to this share price is locked in the discussions between PowerChina,GCM & the advisors from the AL Power & Energy Division. It is my guess that these are now taking place, as activity in Dinajpur in relation to news items, local government profile raising on the matter and delegate visits to Dhaka for a variety of proposal presentations on infrastructure change & investment is far too frequent and high profile now.
The key is however still firmly held by the Head of the Energy & Power Division, who's acknowledgement of the Scheme of Development , and in its consideration, is totally reliant on how much she and her close ministers benefit from it. - Not of course through bribes, but in those 'legal' benefits such as contract awards and similar lines of indirect income.
In my view, this is actually extremely close.
I do not fully understand why so many on here feel that the result of the Elections matter so much in respect of the Scheme of Development being accepted by the GoB. Hasina has been in power for 9 years and not even raised her eyebrows in recognition of GCM.
As the poster Phulbari has noted, the AL were always going to win,.. there is no viable opposition as the AL party and their influence over the police and military ensured the vote was weighted completely towards them. No-one else stood a chance in this election. It was so obvious and the people knew it... but those who stood up and protested were dealt with in the usual way in Bangladesh., hence 17 deaths.
Im surprised the hidden activists on this board haven't tried to blame this on a UK business as well !
The whole issue regarding the acceptance of the SoD is not reliant on which party is in power, but in who benefits from it. Full stop !
The importance of the Bara revelations cannot be stressed enough .. Someone did this in order to blow a long standing major fraud in which many people in government were benefiting. Coal, that was NEVER extracted was invoiced to the government and payments made to a Government appointed company, ( also Chinese managed). Therefore, the likely recipients of years and years of payments are those making the decisions about who gets to mine the coal ! - But as I've noted earlier..... someone found a way to blow this apart. The question is why now ?
And thats where you guys investing in GCM should be focused on.
The Chinese players now involved in this make the GoB look like a group of naughty school children and are calling the shots, as they have done with so many major investments in Bangladesh.
Hasina isnt really that important; BUT how her advisers are influenced and directed is ! This is where Tang has been magnificent in his political landscaping over the past few years. And as for someones comments on this board about the potential of the Chinese dropping this investment due to the perceived hassle... forget it . The return on the overall investment is far greater than anything else the Chinese will be involved with in Bangladesh. All other projects involve high capital investment with tight margins.. although large values. The coal mine offers HUGE margins on MASSIVE volume turnover ( in the billions) ... the large capital investment required will still be minimal compared to the margin return. There is no way the Chinese are walking away from this, especially when so many Chinese coal mines are being restricted in China.
This is a goer.