Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
The search for a new NED has been on since Sept. Bring back the old guy! Wonder what Christian did to upset the apple cart. Tang is a piece of work and clearly this is all dodgy. If they delist no fund raise via placing. How then do they get funds to continue? It this being mothballed? Is this being set up for an out of market packaged sale? Will we ever see a penny? Fml
15 Sep 2023 07:00
RNS Number : 5244M
GCM Resources PLC
15 September 2023
GCM Resources plc
("GCM" or the "Company")
Resignation of Director & Project Update
GCM Resources plc (LON:GCM), an AIM quoted mining and energy company, announces that for personal reasons Mohd Najib Bin Abdul Aziz has reluctantly tendered his resignation from his position as Independent Non-Executive Chairman. The Board would like to take this opportunity to thank Najib for his services during the period from June 2019 to date, and to wish him success in the future. Najib's resignation takes effect from 11 October 2023. The Company is currently in the process of recruiting new Independent Non-Executive Directors ("NEDs").
As a result of Najib's resignation, the Company is pleased that Independent Non-Executive Director, Christian Taylor-Wilkinson, has agreed to act as interim Non-Executive Chairman until such time that new NEDs are appointed and the board makes its final decision on the Chairman role.
If GCM have no money at the end of 2023 how much longer can this go on? That is a serious question.
When GCM say we'll get the funding and accounts sorted within the 1st 3 weeks that really means the very last day possible using GCM language. I'm not expecting an RNS this week but would be glad to see it arrive; however, I'm not holding up must hope that it will contain the solution to keep GCM going beyond March. The cash burn on salary / admin is very high with no visible output. The desperate need for own coal is the only potential GCM have to cling on - lots of positive articles but that doesn't pay this bills. Fingers crossed and GLA
I’d have taken your hand off for 2.80 when 1st read the rns. GLA
44% up in 5 days
Don’t listen to St John Symthe - privileged city boy who does not know anything other than negativity. Keep it to yourself pal. Clearly not invested so do us all a favour
Total rat sh !t, smoke and mirrors. Easier to lie than tell the truth. They don’t have the money and they don’t have the news. Covering it up on not being able to close out accounts from June…..come on. There is something up and we now definitely a binary bet for 2024!!!!
Brother Wise Old Owl.
I have no beef with anyone of our current posters on the board. I want £2 personally as that would be a very healthy return for my holdings here. However, and to be honest, there is no way of anyone posting on the board to value GCM. It is coal company with a mining license in a foreign corrupt country.
I'll just take this one RNS at a time and see when to get off this ride. It's a binary bet but I've written this off to zero so I'm not burnt or crippled by the potential loss.
that a very rampy title to add to the x50 bagger one. hopefully this will fly soon but for someone who like many on this board who’s been invested for 15 year with a dog **** average, just a word of warning not to remortgage the house on this one! £10 party soon 😹
Don't want to be out of this in the next day, weeks, months......
If I wasn’t getting my salary paid January then I’d be on blower getting it sorted not putting that RNS out. Sort it out Keith
Maybe didn’t add the sort code and account number at the end of their request
Surely can't be long until we get the loan completion RNS along with an update. the detailed end of year report is also usually out by Christmas. lets hope this is a good present
It’s better than my £0 valuation in my head whatever and there is potential. If the ‘helpers’ with warnings about spiking or crashes can stay away that would be great. If they had any foresight where the F where they with my purchases in the past and subsequent average price! There will always be traders with the journey that is hopefully starting but keep your nerve!
Love the famous £10 party
All done on pocket money trades. hopefully we get some proper news and then we can get some of the good old days back
.....from one of the pumpers . right?
I get that about Polo but he can't be trusted as far as he can be thrown. Look at the Polo situation and Dyani can't even be described as opaque
Yes Pete totally agree there is some life in this VERY old dog. It must be do or die now with elections and requirement for being more independent from imported resources. We've run out of Polo loan (interest rate is massive), the SP is on the floor and no credibility of raising more money on the market. Last raise in June 2023 saw our price plummet for half a million quid. Cash burn is all on salaries. What the F has he been promising these investors and how could he actually pitch to investors given the SP post placing?
This is the most manipulated stock out there! My worry is that this is just being pumped up for s couple of month and then there will the raise for Tang's next 12 months salary. I still can't get over the fact that this 'growth' company pays an absolute fortune to him for ZERO results. Give that bloke shares and let's see where the company goes. I hope to be proved wrong.
NB This is the first time the co has gone early on the MOU renewal. Usually it come past the expiry date. This is a week early!!! Last chance saloon