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Quite. However I don’t see the sell figures in droves from the PI’s. I can’t see an RNS on completion of a nomad today. Just would be nice to kept updated as per RNS stated. Happy to be proved wrong.
Has anyone called Keith today?
For every sell there is a buy.
Obviously someone / people not wanting to risk the potential delisting.
To add......Although can't be 'great' RNS as we are 8.40 (eight pence forty).
However, what did us and the market expect to come from the annual report June 2019 - June 2020?
Next move is Nomad, then negotiate the debts / cash flow, then PC, then ....???? Hopefully an exit with profit at 8.40 (eight pounds forty (lols)) - don't bite
I'm pleased it didn't drop on the last day of December - that would be panic stations.
Not a bad update in my eyes
Best news :
-confidence re Nomad completion before 6th Jan
-engagement with PC re the terms of the deal
-and the use of tangs new word - enormous 'finally unlock the Project's potentially enormous value for all stakeholders'
bad news -
-reminder of no income = give up equity / capital raise
-the accounts
Welcome to new investors... GCM is a bit like a rollercoaster but much worse.
I still believe we'll get a Nomad
https://ep-bd.com/view/details/article/NTYxMQ%3D%3D/title?q=coal+essential+for+smart+fuel+mix
Further article on coal being essential for fuel mix. Even re-quoted the Phulbari mention / open pit mining from the virtual EP Talks titled “Future Challenges of Fuel Mix for Power Generation and Way Forward” held on 28 November 2020.
And this comes with disclaimer that I am not promoting sell / buy / hold advice
See Boohoo appointed a new auditor ..... pfk
No small fry
https://ep-bd.com/view/details/article/NTU1OA%3D%3D/title?q=diabolic+performance+of+bhel+prolongs+rampal+power
Stark contrast between the domestic and Chinese approach to getting the job done.
Nice flows today but drops again. Needless to say it could get lower but hope for the bounce back once expected nomad gets appointed
Pfk are a good sized firm and have specialist partners in mining sectors. Tick in the box.
Wonder if this along with other recent appointments is all strategical or just out the frying pan and into fire
Ouch! Was not expecting the resignation of nomad. I wonder what the share price would have done if this didn't happen? Different story I reckon. Not much higher, but higher none the less.
I see the MOU as very frustrating especially after NFC one was announced. Looked like we were actually getting somewhere. The fact Power China want to renegotiate on the initial terms is good. If I was PC I wouldn't be happy doing all the work for 20% of the return. GCM 'own' the right to mine the asset but can't do it themselves. Why should GCM take the lions share? I remember when the terms came out and we were all like - wow! how has GCM negotiated 80/20% split?! This is not changing and will be more balanced to reflect the input.
personally I am happy to give the PC more %; this is commitment from them, more sign that this is a goer and that they are moving in for the kill. They just want a bigger slice as they now have positioned GCM to realise value of themselves. What state owned Chinese co wouldn't do this?
Nomad is difference to Polo situation as GCM have engaged with a new potential broker. Need that to come off otherwise it would well be another delisting. However, people are wrong in saying that we as shareholders value are lost on a delisting. You still own part of the company, they are still trading and pushing for the same end goal; you just can't trade the shares, it just become illiquid until we re-float or are bought out. If you can't live with the uncertainty then you need to sell.
I trust Tang no more than I can throw him especially after polo but that is the same for any mining CEO. Any liar at the top of a hole can say they have a mine. However, he has a lot riding on this and would far rather see this over the line or sell out then just pick up a (good) salary.
Price start of the year 12.25. Price 1 moth ago 10.38. It's not that bad. I'm holding for the Altube binary bet!
yeah decent day and good to break the 10-11p barrier.
someone gambling on next RBS with update??
I thought all the reports surveys donkey work will be done for them ready for presentation. this was part of the agreements with the chinese power cos...
annual results should be released today so will have some commentary
Not a particularly long read but a mention from ‘experts’.
Also read some bad press recently about LPG prices not being fixed and continued rising costs each year. Can’t see why they dont have more of a mixed supply to help with the aim of continuous power at affordable prices.
https://ep-bd.com/view/details/news/MTQ0MA%3D%3D/title?q=reassessing+primary+fuel+mix+options
someone is buying which is good to see
you'll be posted forever given the current 11.50p SP!!!
lols. as soon as you posted the price popped up
When we were 14 or 15p I said 10p wouldn't happen based on the RNS we had. I stand corrected!
Maybe he is a magician. Watch his £100k disappear.....then do a vanishing act of his own to finish up. Bravo old bean, bravo