Member Info for showmethemoneysh

Which gives us £4.5m? Wrong type of funding…needs a JV with milestone

Got nothing else to go on oh wise one!

Interesting. But they are actively recruiting to fill the 2 Ned roles?

Any view on CTW?

Is he a reliable source?

Is this what it is now - silence until the inevitable news that “we have failed to appoint 2 x NEDs even though it a piece of pi55 to do exactly that”…we’ve not updated shareholders because we’ve been sat sat working out how to do t up the proceeds of a private license sell off back to the GoB and the Chinese…etc, etc”

Phulbari, what are your current thoughts?

But that’s price sensitive info so they cannot hold it back?

Absolutely no update on the bring of 2 NEDs is a little off? I’m not being overly negative, I know the potential but am genuinely concerned about my hard earned. I could sell but why should I not trust those in charge?…frustrating.

How long does it take to hire 2 NED’s, they have been looking since Sept with absolutely no update? Feels dodgy, especially now CTW is going…

People mention the 500k, it could have been anyone…it could have been Tang knowing the £500k would give him enough runway to take it private, sell the license and more than double his money.

Phulbari, what’s your view on CTW going and the NED appointment - are you still being told all above board?

I was thinking this morning - could we ask the question and raise concerns that Tang plans to do what he did with Polo? Surely we could ask what is being done about the appointment of the 2 NEDs, we’ve had no update and we know the Nomad will immediately resign if these aren’t in place? Who makes the decision on whether NED’s are suitable? Who would these concerns need to be raised to?

I wouldn’t waste any more money, AIM rules let rang take Polo private. He did everything by the book with the outcome being investors were screwed. AIM rules will let Tang do the same here with GCM if we don’t get NED’s appointed…

The potential here is as good as any other share on AIM but it’s not 50/50, more like 5/95. I am invested here and you are spot on that I could sell this morning and walk away, I am whinging out of frustration that we have never been so close to a) realising the SP targets that have been banded around and b) being delisted in the same way Polo was.

The GoB aren’t the biggest fan of GCM/Asia Energy and its Shareholders. If you think for one second the GoB and Bangladeshi’s care about the shareholders then you are wrong.

So I’ve sounded £100 for IG to represent me and now the only really resolution I wanted voting against has now been removed?

But this is main market? I always though the MM’s had less tricks available to manipulate and effectively ‘make the market’?

How can you vote on something when you don’t know the reasoning behind the resolution?

Does Tang know he already has enough votes to pass it?

But Tang (Polo) wants CTW out…there doesn’t seem to be a status quo but completely agree we need both. Be lovely to have a bit more detail on why Polo tabled the motion…without this it appears that it’s predictably that Tamg wants this delisted.

…I never get invited to any

My take…

Existing board were not happy taking the remaining. £300k so a mystery investor steps in to the mix telling a story about Bangladesh connections or whatever whilst at the same time making a deal with Tang to back him in taking the company private. They come on board with there £500/. Polo table a motion to have Christian removed knowing that he will always back shareholders, the vote is passed at the AGM with Tamg comfortably now having enough votes, they fail to appoint new NED’s and the company delists. A deal is made to sell the license back to GoB with the Chinese financing, the new investor gets a chunk, dyani get a chunk, DG get a chunk and Tang gets his dirty share.

Watch it happen

How many votes do we think Tang controls? Polo and Dyani?

…we don’t that. We don’t know anything really other than a mystery party has stumped up £500/.

But it does look as though suspension would be lifted or the shares can’t be admitted to the exchange.