Manoeuvring for GCM Buyout?25 Jan 2024 05:35
We always come back to question - who are Dyani and mr Tang relationship to them?
Many investor focus on what look like (obvious) move by Bangladesh Govt toward allowing open pit mining at Phulbari. Mr Tang & all parties will be same.
To me also look like Tang make moves to keep share price down in some way with talk of delay in finding completion and suspension. This funding from POLO to GCM as part of Drawdown Facility and with linked decision making personnel should have been straightforward - it is like Tang want share holder sentiment hit BUT shareholder can see how political / country specific / global economic situation shifting to push toward permission.
Now look like (to me) he try another way to hit sentiment. Why (threathen) delist? GCM will not need access to financial market soon because of deals being made to capitalise on changing situation in Bangladesh.
Dyani, Power China, Bangladesh Govt?
I think we maybe see but out of public held shareholding but he manipulate sentiment / share price to get best deal for parties which he obviously will have connections with - not just known shareholding position.
We will see but think lot to happen yet. GCM is nowhere near biggest part of Portfolio (that is MATD for obvious reasons) - but from personal view I want what is fair to shareholder.
I am sure Mr Tang have access to this BB among other thing to find out shareholder sentiment. Mr Tang do what is right for ordinary shareholders after so much support in past - this go for NOMAD and all other parties also.
This will get more interesting š¦
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