Ripley94
23 Mar 2018
Re: Well Done Quote of the day Just a note for myself.On up days .... Diggin for Gold... icb888... Gback... searchers3.... ppappiklon... spright ..city watcher..irish guy... b.v..On down days.... rROMEO29... Redeymines... searchersson... fusion98...jasonbythesea.
GPback
23 Mar 2018
People still not happy Really? OMG we need a bit of money so what. That’s no surprise is it? Shouldn’t have been. Lots of derampers buying on the drops I bet. The deal is mega. We need £3 million, maybe a bit more that’s all. Sell up if you think it’s not worth it. I’m still a buyer and loving these prices.
Fusion98
23 Mar 2018
Re: Part 3 Personally, nothe amount of shares in existence now v's the amount last time GCM hit 9 is more than double. If financing is required BEFORE a signed contract, and i see no reason why this would not be so, then dilution will follow.I'm looking for 500p but depending upon sentiment and the price at the time of hitting my target i may hold for longer. Realistically no one knows how much GCM would be worth if it put itself up for sale with a signed contract.Fusion98---------- -------Do you think a “£10 Party” is still possible then?
jasonbythesea
23 Mar 2018
Re: Part 3 Do you think a “£10 Party” is still possible then?
Ripley94
23 Mar 2018
Re: Well Done Quote of the day Up 12% on big market falls beware !
rickyroman
23 Mar 2018
.....Part 3 Fusion 98 - great analysis and your third option is my preferred take on the situation.GCM have no expertise in building or running a mine, never mind the capital. But...what they do have is a licence to mine a high quality resource in a country 'crying out' for power generation and a VERY capable partner.I don't think we should underestimate Michael Tangs commitment to see this deal through......before handing it over to a consortium and walking away, a very rich man.
Ripley94
23 Mar 2018
Re: Well Done Quote of the day Wonder if we will see any of the bullish posters this morning . Maybe one day there bulls... next day under another name bears ? lol
Fusion98
23 Mar 2018
Part 3 third way i have thought ofTang got funding sorted first then went to the Chinese company for the contract which would have been a requirement for the funding.Anyone who thinks that GCM will be there when the mine is being built is deluded. They dont have the money, capital, or expertise if it gets signed off GCM will be bought.
Fusion98
23 Mar 2018
Part2 4) GCM MUST sort out their long term finances shortly if they are to have any credibility with the Gov, no one would grant a contract to a company that can not even pay for the coffee never mind a mine and plant, regardless of how many proposals.5) China has not spent a penny, GCM did. They can walk away tomorrow 6) This will go one of two ways...(A) I suspect GCM will follow GKP, 95% of the company given / sold to Tang and friends for financial backing to mine completion, no evidence to back this up however polo's current investments are puny. This one if it works, is a cash machine and polo is deeply invested so if it looks like it will go south he will cover his back to protect Polos investment. Polo's percentage has dropped in recent years also. Tang paid 40p for polo shares, he is yet to see that returned. GCM could do just that, he could get more if he absorbed the contract. Would the GOV trust him after doing this with the same contract? my guess is no but would like to hear others thoughts on this.(B) GCM get long term financial backing based on targets from a 3rd party, large amount of shares will be provided in return (dilution) The contract gets signed and GCM is put up for sale. Tang gets his money, polo get their money and return on investment, shareholders get whats left - 50% or less my guess.7) The price dropped as there is not enough money to keep the company going as a going concern, was in the AGM notes too so its no surprise. They also said that they were confident funding would be found - no terms provided and apart from a contract GCM has nothing as collateral. That said who expects them to say anything else, not me.One half of me suspects that Tangs pride may save this, boss in charge of a company that goes belly up, Large loss to 2nd company he is in charge of and loss of personal wealth, hard pill to swallow. The other half sees Tang as a business man, cut your losses, strip what you can, cover yourself. Who knows the contract may well get signed, just not with GCM.I put an order on yesterday for 25p thinking i had a fortnight to change my mind, 3 hours later it triggered. DOH!Fusion98
Fusion98
23 Mar 2018
Part1 Ok let me point some things out.Tang is in charge of both POLO and GCM. Polo ownes a large stake and has lent over £1m to GCM. GCM have signed a contract with china for the plant and possible mine.1) Tang sees the loan as a business opportunity, there is no sentiment there. Dont take that as a guarantee more cash is coming from polo as they only have £4m in the bank anyway.2) Polo can call in the loan at any time and if GCM can't find funding, they will.3) NO company (particularly china) is about to sign a contract with a company that may not be around in 6 months, they wouldn't waste their time. This WAS discussed prior to signing, guarantee it, its called due-diligence.
Ripley94
22 Mar 2018
Re: Well Done Quote of the day Thanks for pointing out searcher... so you were bearish i was looking for some balance at 10.57 were you busy this morning .
searchers-son
22 Mar 2018
Re: Well Done Quote of the day 6.27 quote from GPback this am
Ripley94
22 Mar 2018
Re: Well Done Quote of the day Well there's no restriction on me buying as many as i like searcher reckon that's same for all what on earth do you mean ?
searchers-son
22 Mar 2018
Romeo Quote of the day Right now he Sp still risks to bounce off at the 35p wall.and what a walll Boing
searchers-son
22 Mar 2018
Re: Well Done Quote of the day I was right. The bashers who obviously haven’t stock or enough of them lol have been on the bb’s. Good luck this morning buying stock and even better luck trying to buy any holding back if you profit take lol. Strong buy.
