Gcm Resources Share Discussion Threads

[the_fiddler] 27/11/2018 11:57

Get ready for the next surge. The big break out comes as soon as the 200DMA gets taken out (22p). That is when you will truly see how fast GCM moves.

Good afternoon ahead ladies and gents.

[fillipe] 27/11/2018 11:54

"PowerChina is a State-owned Key Enterprise of People's Republic of China, and is a world-leading integrated engineering construction group. In 2018, PowerChina ranked 182nd among Fortune Global 500, 41st among Top 500 Enterprises of China, came 6th in the list of the world's 250 largest global contractors and placed 2nd among top 150 engineering design companies worldwide according to Engineering News-Report."

All as per today's RNS.

f

[chinaman 61] 27/11/2018 11:54

How many MOU's has Tang signed and every time it's another scam announcement to prop up the shares so that they can sell the new blocks being issued to consultants, so wise up suckers

[letmepass] 27/11/2018 11:35

Such a positive signal here. Watch the meteoric rise over the coming days

[the_fiddler] 27/11/2018 11:34

Look how fast this ripped through 19p!!! Haha - Game on! 200 DMA is around 22p. Break that and we are off.

MMs showing buys as sells now. The fact they are consolidating at 20p is indicative of a massive afternoon ahead.

20p to sell - no chance.

[letmepass] 27/11/2018 11:32

You don't sign an MOU unless something is about to happen

[the_fiddler] 27/11/2018 11:25

Everyone got their plane tickets? The fasten your seatbelt sign is on. Do not be surprised if this goes over a quid (see my last post for figures)

PM of Bangladesh has also spoken:

hxxps://www.thedailystar.net/news/business/pm-calls-more-chinese-investment-1623649?amp&__twitter_impression=true

Do the maths...

[fillipe] 27/11/2018 11:25

L2 - bests currently on show....17.75p v 18p.

Very tight and being well bought - several trades every minute, as I type.

Now asking 19p

gla,

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[failedqs] 27/11/2018 11:22

98m shares in issue I think....

[letmepass] 27/11/2018 11:21

Awaiting the afternoon session before adding more. Hopefully a few more will realise the potential

[fillipe] 27/11/2018 11:21

Indeed, so few shares in total (Morningstar = 64m) and such a huge opportunity.

In incredibly low mkt cap, considering what's on the table.

Today's news is bound to pull in many buyers, including plenty who have been well aware of GCM from times long ago.

f

[the_fiddler] 27/11/2018 11:19

Slowly LSE, Twitter and ADVFN are waking up to this. L2 looking very strong on my side - expect the next surge imminently. I suggest you look at the all time highs here



Does £50 per share sound far fetched? Yes for now it does but the company was trading at over £30 per share when Phulbari was close.

As I said, scary where this will end up.

[michaelsadvfn] 27/11/2018 11:11

Enough of this clown...

Chinaman 6127 Nov '18 - 11:07 - 27776 of 27776 (Filtered)

[the_fiddler] 27/11/2018 11:09

I had a feeling this would jump. Back to 50s and from there I would be interested to see what value investors place on this. Could be easily over £1 per share.....and when I say easy, I mean EAAAASY.

Take these comments from 'EyeGuy' on LSE to understand the value here:

"Should be much more. Imo - see below
Using NCCL’s numbers. If we get a 30% free carry that’s 1200MW net to GCM.
Annual net revenues possibly $800 million. Margins 50% that’s $400 million net profit to GCM annually.
P/e 10 that’s $4 billion mcap.
That’s about £50 per share. Lmao
Dyor guys. Market has missed this even at this price"


Not many shares in issue here (60 something million) hence the big jumps. Offering 17s to sell - not a chance. Confident this will bag.

Expect fireworks once the herd catch on.

[chinaman 61] 27/11/2018 11:07

Hope everyone will take this opportunity to sell down since there's nothing to look fwd due to past experience on all the MOU's Tang has been signing since they announced the Bangladesh deal

[orchestralis] 27/11/2018 11:06

Only 62m shares in issue

[orchestralis] 27/11/2018 11:04

Mcap only 10m

[chinaman 61] 27/11/2018 11:02

It's sell time guys before they move downwards again as u have seen from the past

[willoicc] 27/11/2018 11:01

Results last year 17th November 2017.

Now 27th November 2018.

[the_fiddler] 27/11/2018 10:20

Al H - this is the most promising opportunity I have read about regarding the tie up with the GOB in years. I have been following this for a long time and based on the last couple of RNS's this may just be the news we have all been waiting for. Interesting action on L2 and I think this will move quickly. I am miles away from breaking even but looking forward to see how this progresses.

[zen12] 27/11/2018 10:11

61 - watch and learn lol

[orchestralis] 27/11/2018 10:06

"PowerChina is excited to be partnering with GCM to deliver an integrated mine and power plant generation for the people of Bangladesh. We look forward to working with Datuk Michael Tang PJN and his team to deliver a world class proposal acceptable to the Government of Bangladesh."