Member Info for Tripod-Man

CEO Fani Titi to hand over to Jayant ****ole? That should spice this share up.

"Responses to the questions posed by Shareholders for the AGM will be posted to the Company website shortly and can be viewed at http://www.gcmplc.com/shareholders/presentations ."
Nothing posted yet. Anyone know how long this usually takes.

Interesting times. I wonder how this will play out for HOC. Unfortunately, I don't hold any ETFs or physical metal but demand will surely help.

I suspect Tang pulled the plug on the January AGM when it became apparent he didn't have enough votes to remain chairman. To reconvene the AGM, he must believe that he now has enough votes to swing resolution 3 in his favour and remain chairman.

Maybe I've misunderstood, but the holding of Perfectus (owned by Polo (all shareholders) but controlled by Tang) gives Tang 10.37% voting rights paid for by us. "Perfectus is 98% owned by Polo Investments Limited, a wholly owned subsidiary of Polo, and 2% by Mettiz Capital Limited, a company controlled by the Chairman. Perfectus holds 10.37% of the issued share capital of the Company." Something doesn't feel right about that.

The acquisition of GCM shares in February looks like a knee jerk reaction by a man thinking he might be losing control. A poison pill. Moving value from something he might lose control of (Polo) to something more secure (GCM)?

I don't recall Phronimos making an offer to buy the company. I think they were pushing for a return of capital funded by a Hibiscus sale.

Any questions anyone would like asking at the reconvened AGM?

Even if GCM comes good, how would anyone realise this value through their Polo shares? Tang can keep milking his £2M/year and never pay a Polo dividend (why would he?). If the Polo shares are delisted you won't be able to sell to make a capital gain either. Maybe this is his plan.
If it is, then I can't see any right-minded investors financially backing GCM with this guy pulling the strings. If he screws Polo investors, why not GCM investors as well?

Even if GCM comes good, how are you going to realise this value through your Polo shares? Tang can keep milking his £2M/year and never pay a Polo dividend (why would he?). If the shares are delisted you won't be able to sell to make a capital gain either. Maybe this is his plan.
If it is, then I can't see any right-minded investors financially backing GCM with this guy pulling the strings. If he screws us over why not GCM investors as well.

Hope they get a move on.
https://www.ft.com/content/e00426f4-8ead-11ea-af59-5283fc4c0cb0

I fail to see the value of a PR consultant at this stage unless it is to crank up the smoke and mirrors to keep us long suffering PIs invested. Any ideas?

GPback & Ricky, Thanks for your insight. Hopefully things will get moving soon.
I just read this and wonder if something similar is going through the Bangla government minds as they do their due diligence:
https://www.fdd.org/analysis/2020/05/04/below-the-belt-and-road/
A case of beware the Chinese bearing gifts?

I feel like one of the sailors on the Kursk. Heavily invested and on the seabed, hoping some miracle will save us before the air runs out.
Sorry a bit OT but Covid-19 depression starting to get to me. If the majority of the population still can't see that lockdown is the right answer to the wrong question then we deserve all we get. Enjoy the rest of lockdown while our kids education suffers, the deficit balloons, our investments tank, taxes rise and excess deaths due to lockdown far exceed those of the virus.
You'd think someone would start talking about flattening the unemployment curve but that doesn't fit the narrative. Inflated death figures of "died-with" rather than "died-of" Covid-19 support:
HMG: Lockdown was justified.
NHS: Don't tough our budgets.
Big Pharma: Show me the money!
MSM: Stay home and watch TV.

Someone cheer me up and tell me it won't be that bad.

https://www.bloomberg.com/news/articles/2020-05-06/belt-and-road-china-stands-alone-in-backing-africa-coal-projects?sref=6ZE6q2XR
The longer this project takes to be given a green light the less I believe it will happen. More western pressure will be put on third world countries to reject China and coal. The Chinese and Banglas better get a wriggle on before it become politically impossible.

I tend to agree, yet we're down 7% today. How long might it take to sink in?

DIPON Group have been in the background for some time.
https://www.dhakatribune.com/bangladesh/power-energy/2019/01/18/contracts-signed-to-set-up-2-000-mw-power-plant-in-dinajpur
If nothing else this agreement gives DG Infratech lobbying power a public boost. If their lobbying efforts lacked credibility before then this agreement should solve that. Hopefully they can bring the various parties closer together. On passing these various green lights DGI's pockets become very deep. I just hope they don't have short arms and "invest" their potential gains wisely. A lot of work still to do with engineering, financing, government approval and community relations.
The agreement gives them something of nothing until they get some results. Same as us. Hopefully they can work some magic. Time will tell if it's a good move. I hope so. In so deep, there's almost nothing to lose.

Anyone know what's in it for Phronimos?

"Celamin intends to declare the total amount owing by TMS on a regular basis."

It doesn't sound like Polo expect to see any of that cash anytime soon.

https://help.stockopedia.com/technical-guide/prices/exchange-market-size

Will TMS remain 49% minority shareholder in CPSA after returning the 51% to Celamin? How will that work when trying to find future funding?

Looks odd with buy volume outnumbering sell by 5 to 1, but don't call me Shirley.

"management is congnisant of the gap between the company's share price and net asset value and believes that that this will be bridged by our investee companies delivering on their development plans and thus providing returns on our investments, and through further investment in high quality projects."

While investee performance can be expected to have a direct impact on NAV, how exactly is this expected to narrow the discount?

Aligning Director and shareholder interests by linking director remuneration to share price increases might be the way to go. As things stand it looks like Tang is content to bleed us dry.