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The Chuckle Brothers Jamesss and Professional complain about being roasted but don't see that they roast themselves with their own words!
'I trade it. End of day i make sure my position is closed'
I would never have guessed! :)
Professional are you invested in GCM?
Jamesss - 'What a knob I am'
At last we can all agree on something! :)
'The Company advises that working under the coal mine development MOU with Power Construction Corporation of China, Ltd. ("PowerChina") (refer to RNS of 28 November 2023), it has signed a contract with PowerChina International Group Limited covering mine development works of approximately US$1 billion necessary to facilitate coal extraction at the Phulbari Coal and Power Project ("the Project").'
The Mine Construction Contract was entered into on 9 March 2024, however, issuance of a Notice to Proceed with the works is dependent on the Company receiving the necessary approvals from the Bangladesh Government and achieving financial closure. As noted in the beforementioned RNS of 28 November 2023, our development partner, PowerChina is committed to assist with project financing.
'And if GCM run flat out of money?'
It would appear that GCM has never been short of suitors. An investor is always found. Deals have been struck with massive Chinese companies. Bangladesh lobbyists DG Infratec, who have the likes of Petrobangla chairman on their board, are being paid in shares. At the AGM they said investors are lined up. Powerchina has just saigned an additional $1billion follar finanacing agreement with GCM.
But hey ho liitle fishJames is worried about GCM running out of cash! :) Jamesss you are talking rubbish, you are not absorbing any of the information given to you.
'do you honestly think Power China cares about GCM and if they survive?'
They may care little for GCM but they care very much about the coal - and GCM has the international court proven 30 year licence to mine the coal. No coal gets dug without GCM involvement. So Powerchina needs GCM absolutely, and takes GCM very seriously. Hence why it continues to sign coalpower, mining, and solar park agreements with GCM.
do these people think powerchina just go around signing $1billion funding agreements on the back of a *** packet (mike basset style!) lol
Ollie is going to wait over 2 months to buy GCM shares and his anticipated buy in is 4/6p.
Lol good luck with that Ollie. Project submittal will be well done by that time, you will be getting nowhere near 4-6p.
'What a joke of a board.'
The only joke is you. As you are seemingly incapable or can't be bothered to read the posts attendees kindly posted, the question of ongoing funding after May was asked and the reply was very positive about investors already lined up. I hope that can dispel your obviously genuine concerns.
Jamesss keep up. The ongoing funding was discussed at the agm. Read the comments posted at that time.
'This is exciting news for the Company, the Project and its Shareholders and efforts are being made to ensure we are in the strongest position to engage with the newly elected government within the 1st Quarter 2024 and deliver the Project Proposal which includes a large-scale Solar Power Park as an adjunct.'
5 days left in quarter 1 for project submittal. GCM has stuck to its deadlines quite well lately. Funding was done. Share suspension was lifted. NEDS due dilligence was completed. No reason for project submittal to not be completed on time.
Mms dropping price for no reason. Probably positions been taken now and buying finished. As many bought as sold today no reason for the price drop other than mms playing games, trying to cause panic sells. No reason to sell - project submittal due any time, and no doubt will be a presentation from GCM & Powerchina. Last time GCM & Powerchina did the project announcement we touched 70p. Hasina made the wrong decision at that time. She can't make the same mistake again.
Whoa there MrEnthusiastic. You don't get off that easily!
So what did your research turn up? Tell more about the antics of these 'alleged fraudsters' with the same name? Do you think these are the same people as the new NEDs? What was the problem at Rangers? Thanking you in advance.
'I have done some research on both Paul and Charlie and I have found some alarming things and I’m hoping someone with a bit more knowledge than me can clear up that it’s a coincidence they have the same names as other ‘alleged’ ‘fraudsters’.'
Well if you list the 'alarming things' that you have found then posters here will be able respond as per your request. Supporting evidence would be greatly appreciated.
I'll hazard a guess you won't be quite so enthusiastic to respond! Lol
Paul Shackleton of WH Ireland, nomad for Rangers FC
https://www.google.com/amp/s/www.dailyrecord.co.uk/sport/football/football-news/rangers-egm-put-many-fans-5144167.amp
The mms playing games again. Dropping the prices to gobble up the stop losses amd cause a few panic sells. When will people learn? And just like that the 100k buyer takes a few. Definitely a big order being filled still and expect the price to move back up this afternoon as more 100k buys go through.
Adam GCM is in a whole different place to when CTW was appointed, and I'm hopeful the Chairman appointment will reflect that. Any Bangladeshi or Chinese mining/energy expert would be very welcome indeed!
Blumagnet it's not a bank holiday in Bangla! A Friday project submittal announcement with the markets closed would certainly light up the weekend with no trading available until the Tuesday!
How much due dilligence is needed for a position that paid CTW £6000pa? Obviously the Nomad is still satisfied and have not made any further announcement about the company running without these Neds and a chairman in place. The Powerchina deal was still signed and announced so Powerchina are satisfied as well. Could well be that the NED/Chairman appointment is highly significant and the announcement is being held back until the buyers have completed their strategy. Possibly the NEDs and TR1 holdings announcement will all come at the same time. Only 5 working days left for quarter1 as well. It sure looks set for a busy week. :)
2 weeks ago sudden buying was rewarded with the Powerchina $1 billion mine agreement RNS.
What will it be this Monday? :)
Again mms dropping the price trying to pick up a few panic sells and stop losses. They still want to buy any amount which is all we need to know. They must have a big order to fill but trying to keep below the 10p threshold.
Also the big trades are being reported late and out of sync to keep us guessing.
Bid back up to 8.5p. Panic over, let the 100k buyer move back in again this afternoon!