RE: The Week Ahead25 Feb 2024 18:59
I agree with things more advanced and based on fundamental economic factors and the "2 way discussions" between the company representatives & Govt if Bangladesh.
That's why we are looking toward the Govt 'NEW PLAN' to be presented soon.
We have NED issue which has actually presented an opportunity to build up share accumulation - something which would be very difficult before.
It also look very likely that share overhang is done (or very nearly).
Even with any possibility of company exclusion from the Aim listing any Govt permission to develop Phulbari will see OTC demand for GcM stock to be 'Red Hot' - I think this is obvious.
With a current Buy price of under 3p and a projection with Govt permission to be well into the triple digit range then buying decisions become more simple (imo & in my case).
NED confirmation should take us easily inyo double figures anyway - I think most will understand this estimates are not BB exaggeration but realistic. Ignore if you disagree.
I have a secure holding, have not sold any since my first purchases & will be picking up some more on Monday.
This is a personal investment decision - make your own based on your own research & portfolio.
🦉