Gcm Resources Share Discussion Threads

[888icb] 09/1/2018 14:19

The so called pile of poop Polo is currently Up 15% and just one of its investments Hibiscus Petroleum is valued at twice Polo's current market cap. If GCM comes good Polo will be the darling of the market.

[baxtea1] 09/1/2018 12:22

Polo & GCM are both a pile of poop. GCM better for trading though thanks to delluded rampers

[baxtea1] 09/1/2018 12:19

Today 11:28 Price: 26.00
ImIn 176 posts
Make
Lol a rise is a rise, we'll take anything that's a positive on here!...........I see Baxtea is giving it large now, reckons he sold in the 40s last time, and despite his predictions of doom and gloom apparantly he bought loads at 24p and now he's waiting to get back in the 40's again. Ha ha what a clown


Read my history on here you ming mong, you can see exactly when i sold & bought back in. It’s well documented, Lol.

Only clown is you piling in at 50p & getting spiked. Perhaps if you had an ounce of intelligence you’d have worked out I’m not a poster on LSE.

[baxtea1] 09/1/2018 11:11

Yup, get it back into the 40’s so i can sell again bud 😃

Bet IMIN is happy, only needs it to go up another 24p to break even 😂😂😂

[linton5] 09/1/2018 10:50

Did that help bikerbax x

[baxtea1] 09/1/2018 08:24

Wise. Can still go either way here, best not get caught up in all the delluded hype on another BB. We’ve been here many times before.

Put my original stake that i sold in the 40’s back in.(bit early) May add some of that profit back in if we hit the teens again. Always good for trading on the ramp spikes this one 😃

[linton5] 09/1/2018 08:15

Yea just doing it in small batches bud change of tactics with Gcm for me

[baxtea1] 09/1/2018 06:30

You change your mind yesterday then Linton?

[linton5] 07/1/2018 18:58

I’m in here big time tmmw so much to like now especially as all commodities starting to move up slowly out of bear market

[baxtea1] 05/1/2018 07:55

Obviously if SOD approval does arrive this will create a monumental spike to around £3 imo.

Forget about the pie in the sky dreaming of £9 these days though. Yes, that occurred in the past but lets look at whats changed since those days.

1 GCM had cash reserves - now only working capital which is continually being raised on an adhoc basis

2 There are now over 3 times as many shares in issue.
Further dillution is inevitable,to continue raising working capital & the obvious fund raise that will be required to actually commence the project. Not forgetting the current monthly issuing of shares to third parties

3 GCM no longer has any of its previous investments, PeoplesTel, Polo Resources, CZA, plus some others that slip my mind.

Hope that helps

[baxtea1] 05/1/2018 07:28

35,797 posts
Thermal coal prices - Ouch
Good news for us though


Guess it would be good news for us if we actually had Coal to sell.


Lets look at the timescale.

If SOD approval was given today then it would be at least 3 years till commercial coal, 2021.

Unlikely a major decision like that would happen by hasina during her remaining term thus making a decision unlikely till 2019. Obviously making first commercial coal extraction 2022. Even that date could be considered optimistic considering Hasinas stance so far

[baxtea1] 04/1/2018 21:36

GPBACK- TA GURU. Be careful who you listen too!
Today 19:33 Price: 24.50
GPback 4,309 posts
24p

The reason we have support at 24p is because 23.95p-24p offered so much resistance on the way up. It should hold hence why anyone getting offered 23.5p to sell is really getting fleeced
so where are we?

GPback
Rromeo you got it wrong again. The long uptrend support is circa 27p and obviously still rising

Re: Ok, so where are we?
GPback
I'm still here rromeo. I bet you wouldn't call me names to my face.

I'm still laughing at your mountainous 24p claims

0-08-17 Re: Re-ramp?
GPback 1
What are you on about. There is a very slow uptrend which hasn't broken, and I have support at 32p not 33p. :-D

3-06-17 Buy Re: ...I wonder......
GPback 4
Rromeo, I'm not getting into your spat with raingod however entertaining that is lol but we've been able to step over your "mighty walls" of resistance. You need to ask yourself why. Also why even though the short term (daily and shorter) indicators have been overbought for a week or more (I think the weekly are in play and check out the quarterly bollingers lol, they have been as tight as your stops for ages and are breaking out imo).

So you need to watch the price action which is much more important. The underlying buying is just too strong hence your walls are crumbling. I'm expecting 44p and the smaller 46p resistance to evaporate on Monday. This opens up 61p and as we are in Elliott Wave 3 up (and it has to be longer than Wave 1 which will take it through 61p the next resistance point is where? 115-125p?

[baxtea1] 04/1/2018 15:10

Looks like the “solid 24p floor” is going to crumble

[baxtea1] 04/1/2018 14:12

Baxtea1 = IMIN.

FFS, busted 😂

[linton5] 04/1/2018 11:06

23.9 to buy mmm,let’s go again like we did last summer 👯‍a92;️