Member Info for Stokes1610

Share price down again.

Seems to be dropping for no apparent reason

Interim report should be released sometime next week.
I wonder what the directors plan going forward is?

Cash reserves are getting low. It's hard to see how they will complete a successful fund raise at share price levels without wiping out shareholders.

https://thefinancialexpress.com.bd/trade/expedite-domestic-gas-coal-exploration

https://www.reuters.com/business/energy/china-underlines-key-role-coal-amid-energy-security-drive-2023-03-05/

https://m.thewire.in/article/business/numbers-suggest-bangladesh-didnt-need-the-adani-power-deal-so-why-was-it-signed/amp

Corruption at its finest!

Never seen the share price so low

3.50 a share must a an all time low

Correction, its actually been 9 weeks since that RNS

8 WEEKS since NFC were supposedly gearing-up to make progress on commitments for coal mine development.
What a joke!

It has been 22 months since the original MOU, more than enough time to come to a formal agreement.

The Memorandum of understanding agreement with Powerchina expires on the 6th of June, I really hope this isn't extended again.

A decision needs to made this year

They said NFC china were gearing-up to make progress on commitments for coal mine development as set out in the Framework Agreement signed between the parties on 15 October 2020.

That was 4 weeks ago!
Complete bullsh*t

Doesn't look like submission to the Bangladesh Government will be happening anytime soon

Answers have now been published on the website
http://www.gcmplc.com/shareholders/presentations

I'm expecting some news on the JV agreement with Powerchina, the extension expires on the 17th January

The EU are highly likely to approve the pfizer and biontech vaccine on Monday, should be an interesting day for travel stocks

Just got a reply from the company

"Thanks for the emails  

Yes we are progressing on all matters including annual report also .

The nomad dates are 6 Jan 2021 which is strands resignation date at which point it's suspension not delisted  

The next date is 6 Feb which is delisting date  

We are progressing to target the 6 Jan for new appointment as per RNS

Regards  

Keith"

I have to admit its looking pretty likely

Final Results will be out soon, hopefully it will be more informative than the previous RNS

https://www.dhakatribune.com/bangladesh/2020/10/31/nasrul-hamid-extraction-of-local-coal-for-power-generation-not-feasible