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But yes, agreed. Shares are swapping hands with someone gobbling up everything as they have been for months.
Calm before the storm? July 9-11th are of massive significance, let’s see how it all plays out. GL
Cybertron just another WOS stalker from the MATD bb. Couldn’t make it up LOL
Filtered.
Quite possible 4.75 next week, when no red again, people ramping up this china visit which will have nothing to with Phulbari and choices made by the prime minister, if she was going to give it the go ahead she would have done it months and months ago, this aint happen this year,
Sorry I spoke wrong. What I meant was the bid hasn't moved for hours. It's not like one print drop etc. There's a buyer it's so obvious IMO.
Bid hasn't moved all day. if you're selling you're an idiot. This will be 5.75p again in a week.
GP,
I don`t see Tang making an offer, he would have surely done it at 1p or delisted the company.
My guess is the GoB are being allowed to take a stake as part of the approval.
July/August are key to some sort of movement. Obviously we have "Phulbari Day" at the end of August so next weeks meeting in China will be key.
Maybe Phulbari will be mentioned and out in the open or some form of tacit approval will be given with the locals allowed to have a say.
Anything happening this week?
Only if he was behind the offer.
Surely an offer wouldn’t come until green light is guaranteed, by which point why would anyone, even Tang, accept a low-ball offer?
We’re going to get an offer for the company. That’s my conclusion.
Directors, don’t forget your Fiduciary duty to the shareholders.
Seems a push today to eliminate last week’s mini rise, scare a few to follow the herd.
Locked and loaded, so will sit a wait for a final outcome (Good or Bad)
I don't understand why GCM traders can't hold a rally. It goes up for a day then everyone runs scared. Just hold your shares for over a day ffs.
…… continue. 🥱
I will also mention that its intresting to look at the Ownership page. It says it cannot provide much info about insiders buying this stock ahahah
Accidentally clicked 'weak buy' apologies
This page is great for looking into specific details .. thought I would provide a link to anyone who wishes to explore the finer details within the company. https://simplywall.st/stocks/gb/energy/aim-gcm/gcm-resources-shares
(Although it won't show all the positive info we have discovered .. its insightful!)
GLA
News of this sort https://www.thedailystar.net/news/bangladesh/crime-justice/news/corrupt-official-let-just-temporary-pay-cut-3596926 might keep GCM Resources quite clean in the market for fear of being on the fiddle.
Yep and then just open at the higher price.
A trading suspension would be fantastic.
On the 12th of July I turned my computer on to check in on GCM and there was a RNS explaining that we were going to be suspended, pending a decision a large energy company wanted to buy us out. I can't remember the exact figure, but it was triple digits with a 6 at the front. :-)
Do you think the share will be suspended pending news when the GL is finally announced. Don’t see how it will go to these dizzy heights otherwise.
:-)
If your AI source have a target price of 5 pound it should be let to initiate real trading for that...:-)
Thanks, Appreciate the feedback, sounds reasonable enough to me
We went from 1p - 12p on essentially ‘nothing’ given contracts are worthless if no approval arrives.
Why were we valued so low to begin with? Why would the mm’s manipulate the price down to that level and allow some to get in and run with a 1000% profit? Why did they take it up to 12p, only for it to languish at 5.5p now?
Whatever logic investors tried to use, from a penny, achieving 12p a couple months later seemed impossible - yet it happened.
Guess all you like, fact is mm’s are free to do as they please while uncertainty exists and they use it because they’re all too familiar with trading/human behaviour and what needs to be done to collect shares.
So many have sold the last few months (boredom, fear, need for cash etc)…in that time we’ve had someone buying massive swathes of shares from Feb through to end of May and more recently but not as frequently, massive buys (not your average punter that’s for sure).
Once approval arrives and uncertainty is removed i expect us to AT LEAST achieve a market cap in the hundreds of millions, difference is we will stay there and use it as a base to move up from while going into production (at which point a takeover is likely… there’s too much money involved).
Hasina travels to China and deals will be done (9th-11th July). Approval is ‘key’ to unlocking the asset, only then is access to contents of the asset accessible. The biggest gains will be made after approval and once the enormity of Phulbari is realised.
Think we would be very lucky to see 50p! That’s very good from here. £5.60 seems like an impossibility. A takeover would only be maximum 10-10x the price I should think.
Not even at the past highs has it been anything close.
Do people really think 50p is a feasible possibility.
And out of interest what time frames to see such predictions .
No trolling just pondering.