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https://twitter.com/RalphEhoff/status/1438115649130278916?s=20
Thanks for posting Pappiklon. So sad to hear about Andy. I was hoping to meet up with him again at the next AGM and have our usual chat over a cup of coffee, a regular feature before Covid interupted the face to face AGM meetings. He really believed in GCM's potential and enjoyed engaging with the directors Gary Lye and James Hobson, and Michael Tang on the rare occasions he attended. I will miss him and his knowledgeable opinions and offer my condolences to his family and friends. RIP Andy and God bless.
For those that missed it and wonder where it's gone. I had it saved. "Good Morning,
The first point I would like to make is in reference to the link below:-
https://t.co/LKwJnImiBd?amp=1
"LFT's will be as common as Milk and Break"
Omega are now poised to enter a period of news which will allow the true fundamentals of the business to be captured. The business is now becoming a Military Operation (staff c250 whilst they assert themselves as one of the largest Diagnostics businesses in Europe).
Colin at al, have always been extremely conservative to the market, I am happy with this as it will enable true LTH's to benefit from a sustained rise over time as the story unfolds. I find it truly shocking for any shareholder, to call out Colin or any other Director considering you could have bought Omega 1 year ago for 7p. Simon Douglas has been granted options at 89p for a reason - because long term they believe this will be exceptional value for him (This bodes well for us)
A quick analysis of projections for this coming year:-
-U.K. Gov = 50% (£374m)
-ABC-19 = 10%
-CD4 = 5% (7 years to reach the milestone where they are and c65% margin) Colin King, CEO of Omega commented: “I am delighted to receive self-test approval in China which was a key
commercial objective for this year. This is another excellent reward for all the hard work put in by both our and our
partner’s teams in what has remained challenging times around the world.”
-Vistect Antigen = 35%
*BIG* = £750m-£1b revenue (Twitter comment remains correct)
M’cap = £163m (Step change will happen for SP)
I remain EXTREMELY bullish on the company going forward - please remember, whilst there are voids in news, doubt can set in and "white noise" can affect your judgement. The growth is all there for us to see above.
* A couple of pertinent points to be addressed*
Please can all Avacta holder's stop bombarding the board- I am happy that you are progressing and the SP reflects it...great news and well done but to come on here poisoning this board... just why guys? And to all Omega holders jumping on their board...please act like adults and stop.
My final point which is a really important one also - everybody filter JAdam... drown out his poison and lets get this board really upbeat and positive as we enter the next few weeks/months as holders."
Good to see you posting again Bees. I hope that your good health is much restored and you've been able to make it back to the UK. Although, I'd anticipate it looks like yet another year where we'll not be able quiz the directors face to face at the AGM. There luck is holding, let's hope ours is too!
Papachav, I had the same problem, visit:- http://www.poloresources.com/ and click on the 4th May news RNS.
If we are not taken out first, any future development through the establishment of a new joint company with our partners may lead to a new entity being quoted in London and Shanghai. The potential exists:- https://www.gov.uk/government/news/uk-china-efd-sees-launch-of-london-shanghai-stock-connect
Given the level of Chinese involvement I'd be surprised if they didn't insist upon it.
Note that the AGM was adjourned after the passing of Resolutions 1 and 2, not concluded. Just a thought but I wonder if, when the AGM is resumed, that the latest Dyani 44,367,795 shares will be eligible for a vote on Resolution No.3? Probably enough to make a material change to the outcome one way or another!
Marv; The wording of the RNS could have been better. It would seem that POLO have aquired 13,483,200 shares in GCM from Dyani and paid for them by issuing 44,367,795 new POLO ordinary shares. The connecting threads of Polo, Dyani and GCM become more entwined!
It makes for an intriguing few weeks ahead. Especially when coupled with the recent RNS announcing further delay to our AGM to "before 31st March". Only a few days prior to the three month NFC agreement expiry extension in early April.
Unusual events at the Polo Resources AGM in Kuala Lumpar involving GCM'S Executive Chairman Michael Tang yesterday.
http://www.poloresources.com/
“Resolution No.3. To reappoint Datuk Michael Tang, who retires by rotation but, being eligible, offers himself for re-election, resolutions one and two were duly passed by poll.
The meeting was then adjourned by the Chairman, in line with the Articles of Association of the Company, to enable a review of the eligibility of certain shareholders' rights to exercise their vote and to obtain certain clarifications that were not immediately available. As a result, resolution three was deferred following the adjournment of the meeting. An update announcement will be made in due course.”
Very interesting article Marv, thanks for posting it. It shows pace of widening opinion is growing in favour of mining own coal with mine mouth power plants but we still await Hasina's decision!
"Up to 10,000 MW coal-based power can be generated for 50 years if we can exploit our own discovered coal reserve and set up power plants. Local coal can generate power at 5 US cents while imported coal-based power generation cost would not be below 7-8 cents. But the power plants need to be setting up at the mine mouth. This will relieve stress from natural gas also. On the other hand, this also can reduce dependency on imported fuel at least by 50%. In consideration of all, there is no other option but going for mining own coal without wasting any more time. Experts believe that it will be a blessing to the nation if MPEMR can start this in 2020."
Energy expert Prof Dr. M Tamim said, “Exploring own coal and setting up of mine mouth coal power plant is the best option for Bangladesh for supplying power at affordable cost. There are challenges for mining coal, but there are technology for successfully managing all challenges and impacts. Mining own coal is now an absolute political issue. Without political decision, it is no longer possible to start coalmining now.”
BUT, and it's a big but, as Phulbari keeps reminding us, in addition to the last sentence above; "State Minister Nasrul Hamid also acknowledged that local coal should be used for power generation. But he also mentioned that the Prime Minister would have to take decision for mining own coal."
"Prof Dr. Badrul Imam also observed that using local coal is the best option if we want to supply power at affordable cost. Energy experts and research fellows also considered that this is the prime time for taking decision on mining own coal. Cost of mining will increase sharply as time whistles by. On the other hand, it would be possible to get power from plants using local coal by 2024 if the decision for mining is taken in early 2020. This would significantly reduce the emerging dependence on imported fuel."
Hello Nasirul, indeed it was good to hear from you yesterday and again this morning after the long pause since January. Thank you for your updates of the local scene.
At the 2017 AGM the board were asked if they would give thought to semi regular updates regarding local initiatives of interest to shareholders. It was acknowledged by Michael Tang and Gary Lye that this was a valid suggestion and they would aim to undertake. We did subsequently receive one update from Gary of local initiatives implemented but that was it!
It is refreshing to receive your input of the local scene and I hope you will continue to do so, albeit on a more regular basis as developements evolve! Once again, thank you very much your input which is much appreciated.
Hi ricky, you mean upgrade the grid delivery like in this link:-
https://www.technologyreview.com/s/612390/chinas-giant-transmission-grid-could-be-the-key-to-cutting-climate-emissions/
I'm sure someone already posted it here many moons ago, so apologies for repeating. Notice it's the Chinese again, streets ahead of the Americans!
I hope you are still enjoying the fruits of SW France.
I recall seeing the revised license fees proposal somewhere and have been scratching around and found this from March 2019:- https://www.clydeco.com/insight/article/oman-adopts-new-mining-law.
I wondered that too Muldoon, It's SAV. See the link:-
https://beta.companieshouse.gov.uk/company/07307107/filing-history
Well spotted Kentan.
No jam but plenty of tea, coffee, buscuits and water! Twenty six attendees and it lasted twelve minutes! Followed by a 45 minute presentation from DA, followed by director chats. 27.5 million tonnes expected to increase to 45/50 mt. Several references to share price having dissapointingly gone in opposite direction to the company's prospects, so far! Expected to tender for more Portugal locations when the tendering process opens. Oman and Moz processes continue but the focus is Portugal.
I think the above were the main bullet points but perhaps others will add.