Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
With patience, this SP should be around 20p. A new start with plenty of cash and project fundamentals in favour, we should expect an adequate rally in the next few weeks.
A disturbing article in local press about Chinese investments in ****stan: https://www.brecorder.com/news/40107593
"...Chinese have not given a drawdown to the two coal-fired power projects in Thar because lenders are not ready to release the funds due to the situation being faced by companies which have already invested in ****stan."
JCC or no JCC, the Chinese seem uncomfortable to further invest.
Please re-read my comments on Chinese funding. International finance for greenfield coal-related projects will be very difficult to project finance (if not impossible). International regulations on coal will continue to tighten. The GCM board need to release a RNS on the funding status (including the banks that have confirmed to finance the project).
MMs will take any opportunity to buy on the cheap. That said, great time to buy.
The shareholders need evidence from GCM that CDC and CEXIM are or are not providing financing.
"Again it can be observed that US EU and UK banks have financed $21billion of China coal projects in the last 2 years alone. Finance will not be a problem for GCM and Powerchina"
It would be reassuring to shareholders that GCM can confirm via RNS which banks are involved in the financing of the project. To say that CDC and CEXIM are not in the mix is delusion. Anyhow, these points are raised only because of the silence of GCM.
Today's FT
"China’s Belt and Road Initiative should stop financing new coal power "| Financial Times ft.com)
Again, can we be assured that CDC bank an CEXIM bank are financing new greenfield coal mine and power plants?
The momentum should now build as the company will have sufficient cash.
Fundamentals are strong. Target price 340p is very achievable.
Perhaps somebody could provide an opinion. If UK has banned coal, why is it the LSE as a regulatory exchange does not ban coal related AIM/Main Board companies to raise funds for their respective coal projects. This disconnection needs to be addressed, I think. The NOMAD and Brokers promoting these companies should rethink. I appreciate that there a number of investors stuck with this stock for some time and expecting something positive. The more delay the more regulatory belt tightening is foreseeable.
The 30p target is long overdue. With now momentum building, the SP should set a new floor of 30p. Some have called me a bot. The company's fundamentals remain strong with plenty of cash to complete the drilling programme.
The fundamentals remain strong and can easily reach the 340p target price.
It should not come as a surprise, I think. The scrutiny on coal-related projects will only increase and unlikely that Chinese banks such as CDB and CEXIM bank will finance these projects as they have to comply with international standards. They have financed in the past but the speed in which regulations are changing for coal projects internationally does not bode well for GCM. The directors most likely know the situation with Chinese funding and its funding trajectory and not having "skin in the game" demonstrates lack of confidence, I think.
Promising share indeed.
Focus your energy on the shoddy warrant holders who have been exercising their warrants prior to the drilling commencement. The warrant holders give mixed signals. The target price of 30p could easily have been reached and will do so following today's RNS. Please refrain more using bad language.
I remain upbeat following today's RNS. The drilling program is well planned and structured and expect more positive developments in the very near future. Fundamentals haven't changed and remain strong.
This temporary SP dip is welcoming to accumulate more of the stock as the fundamentals remain strong
CORRECTION (TYPOs):
I find it most intriguing the role of the company's brokers. They should advise these warrant holders to not exercise their warrants and dump these shares particularly when the drilling has commenced and we are waiting in anticipation for the results. It provides for mixed signals that any selling prior to drilling results gives the unwanted impression that the warrant holders KNOW something that we don't? I am sure that is not the case but these brokers who did the placing should also guide these investors in terms of timing. I think the Board of Helium should also contact their brokers. The fundamentals remain strong so NO need to sell but buy. Brokers: do your job properly!
I find it most intriguing the role of the company's brokers. They should advise these warrant holders to not exercise their warrants and dump these shares particularly when the drilling has commenced and we are waiting in anticipation for the results. It provides for mixed signals that any selling prior to drilling results gives the unwanted impression that the warrant holders no something that we don't? I am sure that is not the case but these brokers who did the placing should also guide these investors in terms of timing. I think the Board of Helium should also contact their brokers. The fundamentals remain strong so need to sell but buy. Brokers: do your job properly!
Just purchased more shares at this SP. Though I am always concerned by the role of brokers and in their advise to clients when it comes to warrants!