The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Not the news the rampers wanted , the derampers correct as of today.
Typical AIM share .
I never give thoughts usually just post trades.
Placing 6.5p
GCM Resources raises GBP2.0 million via direct subscription
(Alliance News) - GCM Resources PLC on Tuesday said that it has raised GBP2.0 million via a subscription of 30.8 million shares at 6.5 pence each.
GCM is a mining company focused on the Phulbari coal and power project in Bangladesh.
The subscription price represents a discount of 25% to the closing price of 8.63p for GCM's shares on Monday. The issue will represent 11% of the company's enlarged issued share capital.
According to GCM, the net proceeds will be used for working capital purposes, in order to progress the Phulbari coal and power project through the next 16 months.
"I am delighted with the support from the London Market, which comes at a time when we are increasingly more confident that the Government of Bangladesh is receptive to the advantages of domestic energy production; our focus and main effort now is to secure the consent to develop the Phulbari Coal and Power Project, which we are well placed to develop alongside our global energy infrastructure partners, Power China," said Chief Executive Officer Michael Tang.
GCM shares were trading 11% lower at 7.65 pence each in London on Tuesday afternoon. The firm has a market cap of GBP18.8 million.
By Holly Beveridge, Alliance News reporter
Thankyou brazos.
For this information mine held with broker , no information.
RE: Arcturis Data limited6 Apr 2024 19:36
100:1 consolidation. So they are proposing a consolidation and a sub-division. I received a copy of the document and you are spot on micru. I quote ''The purpose of the sub-division is to reduce the nominal value of the Consolidated Ordinary shares to a level which provides flexibility for future issues of ordinary shares''
I hope we will be invited to participate should there be any future issuing of equity, otherwise we will be diluted to oblivion. Those who own less that 100 shares will cease to be shareholders following this proposed exercise.
In any case, I hope LTHs will be able to come out with something in the end.
Stock Split Adjustment on account today.
Costly gamble .
Looks like it will be complete loss eventually no listing , old share holders interest will not be looked after .
Might of been a little mad .
Looks like others posted buys at same time.
If you compare the chart with PRIM looks like you might of been better off with that picker of AIM shares.
Pressurized to see today's transaction must of been GTC order placed 6/3/24.
Odd as other day orders placed after this date , could of bought two lots same price those days .
That would of been annoying .
Mistake to buy back in this one after sold all out 25/6/21.
6 Analysts expect the price to increase by 54% to $5.69
BEP 8.9348
15/04/24 Buy $3.56 ( Double up )
10/08/23 Buy $ 7.1
04/03/22 Buy $ 14.78
10/01/22 Buy $ 19
06/01/22 Buy $ 20.15
Bought more today at $0.87 x 718.
Topped up for 0.25p executing just after 10am.
In ISA 220% tranche size.
375 posts to 10pm today.
Alliance News
IN BRIEF: 88 Energy hails second light oil discovery at Hickory-1
88 Energy Ltd - Alaska-focused oil exploration company - Makes second light oil discovery at Hickory-1 reservoir in Phoenix project, Alaska. Says flow test demonstrates a peak flow rate of 50 barrels of oil per day of light oil. Managing Director Ashley Gilbert says: "Having now successfully demonstrated light oil flow from two reservoirs at Hickory-1 in recent weeks, it is clear that this is a significant milestone in the history of 88 Energy. The USFS success represents the first time that we have successfully flowed oil to surface in Alaska - and under natural flow - as well as being the first time we have confirmed a light oil discovery of substantial scale in close proximity to the critical Dalton Highway and Trans-Alaskan pipeline system infrastructure. To then achieve a second successful flow of light oil from the SMD-B reservoir, with a low gas/oil ratio, is an outstanding outcome for 88 Energy and its shareholders."
Today's news.
Primorus announces "significant dilution" of stake in investee company
Mon, 15th Apr 2024
(Alliance News) - Primorus Investments PLC on Monday said its stake in Engage Technology Partners Ltd has fallen to 2.0% from 4.5%.
The London-based investor in small and mid-cap companies said Engage, a supply chain management software company, recently embarked on a restructuring programme.
To retain and incentivise the management team, the restructure included the allotment of shares and options which have subsequently diluted Primorus' holdings.
With 92,374 shares, its stake is currently valued at GBP158,000, representing an 89% reduction in its current carrying value.
"As and when the company receives further information about the restructuring and on-going plans of Engage, the management of the company may make further assessments of the value of Engage," said Primorus.
Primorus shares were down 2.5% to 4.05 pence each in London on Monday afternoon.
More likely I sold on 22/5/17 as had bought cheaper a month before on 7/4/17 a much large number buy with SVS in the ISA and again on 17/5/17 with X a lessor number then the ISA buy , but more in number then the sale at that loss with main broker .
These shares much to time consuming.
Digi record below must of been adjusted to take acc of consolidation.
Just seen I sold all the main broker holding on 22/5/2017 for a big loss 1,000,000 for 0.13p
They have the two buys as PRIM | GB0002673332
01/07/2016 Buy 500000 GBX 0.15
03/06/2016 Buy 50,0000 GBX 0.19
50,0000 shares becoming 25,000 on digi record below.
22/5/2017 also recorded below with a sale with SVS 50,000 at 2.6p
Wonder if the D sale was a dealing mistake by me at the time , selling when intent was to buy .
Both the buy and sell below seems to mach price on goggle chart info.
1/4/16 Buy for 4p with SVS might be highest buy price .
20/7/2017 Sold some for 7p with SVS .
Must check main broker as could not see on digi any sales record of the two recorded buys .
From digi ( A ) Further multi deals.
Date Transaction Type No. of Shares Execution price Options
02-Feb-2020 Sell 754397 2.20p No indication these last three.
29-Oct-2019 Buy 37878 2.64p
29-Oct-2019 Sell 35714 2.80p
03-Apr-2018 Buy 35714 2.80p WI.........9
20-Jul-2017 Sell 3250 7.00p SVS.......8
04-Jul-2017 Sell 25023 4.02p X.........7
22-May-2017 Sell 50000 2.60p SVS.....6
17-May-2017 Buy 57129 1.74p X.........5
07-Apr-2017 Buy 662663 2.14p SVS.....4
01-Jul-2016 Buy 25000 3.00p D.........3
03-Jun-2016 Buy 25000 3.80p D.........2
01-Apr-2016 Buy 25000 4.00p SVS... .1