Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I'm a long term holder so I would also like to know the current situation with lanstead, however, I doubt they are doing anything wrong. I assume they are selling but if its one big order a tr1 is not due until that's complete.
Nothing ORR, Bob, FCA etc... can do as they are the rules.
We just have to wait, tough cookies I'm afraid.
I can't find the actual rules at the moment but I'm pretty sure they only need to notify via tr1 once their order, which crosses a threshold, is complete. So if they put a massive sell order in which took a long time to compete, the tr1 is not due until the final amount.
This would explain how they could sell for weeks/months, cross multiple thresholds, and still abide by the rules.
Wonder what difference it would make if every other shareholder voted against removing him.
Wonder how we could add another resolution to the agenda to remove Tang?
Not my area of expertise so anyone with any knowledge chip in.
Pains me to say it but as my sixth sense was telling me, none of this sits right and if there was no underhand objective, could all be avoided .... I doubt it will be avoided and the moment it delist you won't hear a thing from GCM ever again.
I don't claim to understand how Tang benefits from this but he does otherwise he would stop it.
Wonder why Christian is going, not playing ball with the master plan to screw PI's?
Well it's not written off, every shareholder still owns their shares..... but.... not being listed on any exchange makes it near impossible to trade your shares. Not being listed aslo means Tang has no regulations to adhere to, like giving any kind of update to anyone, ever.
They can't relist without a NOMAD and apparently couldn't find one to take them on which is why they delsited... I wonder why no one wanted to work with them....
If there is one lesson every investor in AIM should learn - just because you think it can't happen, shouldn't happen, is illegal, is immoral etc.... doesn't mean it wont happen.
I want nothing more then to be wrong but Tang is a joke and this whole situation stinks, feels shady and has his trademark of screwing shareholders written all over it.
It's as good as dead.... every shareholder still owns their shares but Polo is not listed on any exchange so a car boot sale is as good as option as any to sell them. Tang delisted so he had no responsibility to shareholders, this is evident as there has been no response from the company since delisting, screwing every shareholder over whilst he continues to take his salary.
I used to think Hasina was the biggest problem but for the first time in over 10 years the outlook from an economic perspective looks like own coal is the only way she cab possibly move forward. Tang is now the number one concern, anyone who thinks he can't screw us shareholders without screwing himself is quite frankly delusional.
There will either be confirmation of funding in the next week or so, or this will be heading the same way as Polo which will in some way benefit someone.... just not us.
As I said, suspect, there is no proof as there is no info on Dyani. Just found it strange at the time that GCM needed the 'expert' help of a newly formed company.
I have no doubt that technically no one has done anything wrong, that doesn't mean it's right.
I'm not trying to convince anyone of anything, it's suspended so whether you listen to me or not makes no difference. I just think that there are some red flags and people shouldnt have rose tinted glasses on expect miracles.
I am invested, I want the green light and the £10 party but I'm also realistic that the management of GCM only have one priority, themselves.
He is Polo and I suspect he is very much linked to dyani somehow.... keep in mind dyani appeared out of nowhere ...company was set up and then GCM onboarded them. I haven't bothered to look for years but I remember I couldn't find anything about dyani at the time.... very strange.
Polo is owed a lot of money, I'm sure Tang could find a way to take GCM for basically nothing and funnel it into Polo. That's right, Polo, the company where he has full control and answers to no one as the company is not listed on any exchange and also now has no responsibility for shareholders.
There is a lack of transparency and i do not think this is being done in the interest of shareholders. Someone's pockets will get lined if this ever gets the green light, just not sure it will be ours in the way we would expect.
Unfortunately AIM might as well be unregulated, there are loop holes for everything.
All we can do is wait, and I truly wish I am wrong but I couldn't watch everyone get all excited when the person is charge of this company appears to be no better then a con man.
He won't open himself up to criminal action, he's not stupid. Doesn't mean he can't screw you legally.
I agree that this needs funding and its the only reason I have any hope this will not remain suspended however, Tang's track record of showing no integrity and no respect to shareholders along with this strange funding issue smells fishy.
Can't say I would welcome a buy out at a time when the company is on its knees with zero working capital and (currently) no funding options. Even if a very generous Chinese investor wanted it and was kind enough to offer a 50% premium on today's share price we get just over 4p.... Great.
I hope I am very wrong.
I am a very very long term holder here so wrote this off years ago which is why I still have my holding.
There is a lot of positivity about the suspension so I am posting this as a word if caution about Tang, he is not an honourable business man and can't be trusted. He delisted Polo resources, made out like it was a temporary suspension and then has completely ignored shareholders since. If you need any evidence try and contact them, you will not get a reply, this leaves all the shareholders with their shares but no way to trade.
Tang is in charge of both companies, but there is a problem with the release of money? Seems unlikely.
I would love for this to be the time for GCM and its too late to do anything about it now anyway but if you think Tang gives two sheets about us shareholders you are massively mistaken, he will screw you if it benefits him. This is not my opinion, he has done it before and its fact.
You dont lose your investment if the company is delisted, you still own your shares you just have, pretty much, no where to trade them. I wouldn't worry, the company is 100% committed to remain listed and even If worst case scenario they dont get 30% there will be other options to get listed again.
Great! These BB's are where I have learnt the most, taking information from all who post, rampers and derampers alike. I get bored of all the personal insults that fly around on some boards as it detracts from the goal (making money!) and informative information that most present. I look forward to seeing where this gets to as it would hoepfully be a board of like minded people, with one agenda, working together.
Hi all, I have been trading shares for a couple of years now and its been a very steep learning curve.... although now I play around in AIM compared to the FTSE 100, I feel like I know less now then I did two years ago! I follow these BB's every day and I picked this up from the ECR board where I have most of my eggs. This is my first ever post on any board as I find this really interesting. If im going to be honest i cant bring much to the table but i would still like to be a part of it if i can!