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Looking like a similar day as yesterday, were only 2% red now and 125 paid, something is starting to move this now, i orften find news comes out a few days after a bit of buying, maybe tomorrow or friday we could see some news?
So at what price do you think GCMs raise will be then? Even if they did it today with the SP at 8p, you can at least take 20% discount orf that, which already takes it to 6.5p, and we still have another two months yet of slow drip down before that. 4p and im in.
Perhaps people should re-read GCMs OWN RNS from 1st Feb, specifically the 2nd Para, where THEY themselves say that funding will be required and issued by the end of May. I will buy after that price has been revealed, and expect to buy in around the 4/6p region.
I would expect on the back of this news and the SP now being where it is, that GCM will now start wot they themselves told people in their 1st Feb Rns, 2nd Para, that they will now start the process of funding via a placement/raise. Wot sort of discount are they gunna offer? 20%? 40%?, i will wait until after this is known before i stump up a bit to buy in here. Personnaly i think it will be in the region of 6/8p.
I take it that every one is convieniantly forgetting the 2nd paragraph in GCM 1st Feb Rns that states by themselves, that the company will need to do an additianal fundraise before the end of May, no doubt wot that means is, we will be doing a placing aat a substancially reduced price then to our share price. I will wait to buy till after we know the price at which tat place/raise is gunna be thank you.