Gcm Resources Share Discussion Threads

[rinato5] 18/3/2019 08:58

DYOR, but both statements seem to be good:
The Executive Chairman of GCM, Datuk Michael Tang PJN, stated: I anticipate that this will facilitate the submission of the Company's proposal to the Government of Bangladesh, and am pleased with the progress being made."

Mr. Pan Dengyu, Vice President of POWERCHINA Eurasia, stated:"POWERCHINA is delighted to have signed the Second JV Agreement and look forward to assisting GCM Resources plc in delivering the integrated mine and power plant that is beneficial and acceptable to the Government of Bangladesh."

[jayviperjayviper] 18/3/2019 08:29

Ha ha ha I've been with a few dogs in my years if that counts.

[behuge] 17/3/2019 08:30

Maybe or maybe not...

[letmepass] 16/3/2019 23:51

Total scam BEWARE BEWARE

[behuge] 16/3/2019 16:16

A reminder from 6 years ago. How many millions did he won in 6 years with polo and GCM...???


Polo Resources Ltd
Appointment of Co-Chairman and Managing Director
RNS Number : 6682E
Polo Resources Limited
14 May 2013

14 May 2013

Polo Resources Limited
(“Polo” or “the Company”)

Appointment of Executive Co-Chairman & Managing Director

Polo Resources Limited (AIM: POL and BSX: POL:BH) the natural resources investment company with interests in gold, oil and gas, coal and iron ore, today announces Board changes and a change of advisor.

Board Changes

Mr. Michael Vee Mun Tang (“Michael Tang”) is joining the Board as Executive Co-Chairman and Managing Director of Polo and Mr. Kian Meng Cheah as a Non-Executive Director.

Mr. Neil Herbert, whilst remaining as a consultant to Polo with continued responsibilities for Nimini and Signet has resigned his positions as Co-Chairman and Managing Director to pursue a new endeavour.Mr. Herbert will act as an investment advisor to the Company and will remain as a Director of both Nimini Holdings Limited and Signet Petroleum Limited.

Mr. James Mellon has also resigned as a Non-Executive Director given his many other commitments.

Mr. Tang will work alongside Polo’s Co-Chairman Mr. Stephen R. Dattels.

Mr. Tang, aged 40, is the principal of Mettiz Capital Limited (“Mettiz”;), an investment company with significant corporate and financial experience in natural resources, power generation, manufacturing and real estate. Mr. Tang qualified as a barrister in London and holds a Bachelor of Laws degree from the London School of Economics and Political Science.

Mr. Dattels, Executive Co-Chairman of the Company, said: "Michael Tang’s knowledge of Asian markets provides Polo with a springboard to the valuations which the Asian markets provide for high quality natural resources such as those owned by Polo.

"It is expected that Michael will become actively involved in assisting GCM Resources with its negotiations with the Government of Bangladesh to obtain the ‘Scheme of Development’ for the development of the Phulbari Coal Deposit as well as attracting Asian interest in both Signet’s African oil and gas portfolio and Polo’s promising developmental Sierra Leone gold deposit, Nimini.

"Commensurate with Michael’s commitment to Polo and in addition to his executive compensation, he has been awarded 6 million options at an exercise price of 25 pence per share. The options expire 5 years from the date of grant and vest in three equal instalments on the first three anniversaries of grant.

"I am also very pleased to welcome Mr. Cheah to the Board, who also has significant experience of relevant sectors in Asian Markets.

“I would especially like to thank Mr. Neil Herbert, Polo’s Co-Chairman and Managing Director and my partner for all of his superb work from Polo’s inception, as well as Mr. Jim Mellon, both of whom assisted in the implementation of a very successful investment strategy that has paid out dividends of 50 pence per share totaling $185.4 million and helped to deliver a strong portfolio of new investments.”

Mr. Tang, Executive Co-Chairman and Managing Director, said: "I am very pleased to be joining the Board of Polo Resources. Polo has a strong track record of making sound, strategic investments in the natural resources space and delivering remarkable returns to shareholders.

"I am honoured and excited to be working alongside Mr. Dattels, an illustrious and accomplished entrepreneur, to further develop the Company’s exciting range of assets and to building upon the success that the management under his stewardship has already achieved.

"I am also elated and grateful that Mr. Herbert, who has been a major contributor towards Polo’s highly commendable performance to-date, will continue to be an investment advisor and Director of both Nimini and Signet.

“I am proud to be associated with the world class portfolio of assets which Mr Dattels and Mr Herbert acquired and developed for Polo and am looking forward to enhancing and unlocking the portfolio’s value as well as acquiring further undervalued and high potential assets for the Company.”

Kian Meng Cheah

Mr. Kian Meng Cheah (aged 40) has more than 16 years banking and investment management experience with financial institutions in South East Asia including Standard Chartered Bank and Merrill Lynch International. He has held a number of private company directorships in Singapore and Malaysia involved in private equity and real estate investment. He is an Executive Director and a member of the Investment Committee of Infiniti Premium Resources Ltd., a fund focusing on resource-based industries with current investments in gold mines across Asia, Australia and Africa. Mr. Cheah holds no interest in the issued ordinary share capital of Polo.

Mr. Cheah is also an Executive Director of the Select Equity Growth Ltd. fund with a focus across diversified sectors in South East Asia, Hong Kong and Australia. He holds a Bachelor of Commerce (Accounting) from Curtin University of Technology, Australia.

Change of Adviser

The Company announces the appointment of ZAI Corporate Finance Ltd. as its Nominated Adviser. Investec is also stepping down as joint broker to the Company with Liberum Capital becoming sole broker.

Directors’ Interests

Mr. Tang currently owns 7,480,000 issued ordinary shares of no par value, representing approximately 2.77 per cent of the Company’s issued ordinary share capital. Mr. Cheah holds no interest in the Company’s issued ordinary share capital. Apart from the information set out below, there are no further details relating to the appointments which require disclosure under Schedule 2 paragraph (g) to the AIM Rules.

For further information, please contact:

Polo Resources Limited [phone]
Ian Burns, Finance Director

ZAI Corporate Finance Ltd (nominated adviser)
Ray Zimmerman, Peter Trevelyan-Clark,
Steve Feng
[phone]

Liberum Capital (broker)
Tim Graham, Thomas Bective
[phone]

Blythe Weigh Communications
Tim Blythe, Robert Kellner
[phone]

[behuge] 16/3/2019 16:08

Whaou what a fortune strongbuy. Let’s call you the next warren buffet😂€514;

[strongbuy] 16/3/2019 16:04

I’m on a free ride with 50k now and bagged a handy £20k on the way, maybe I should have waited as I hear there will be some transformational news soon and this will go a whole lot higher, I missed buying back late Friday so I’m getting another £10k worth on Monday and not going to look at it until next Friday!!🚀
28640;🚀€640;

[behuge] 16/3/2019 16:02

Special for mickey here is the news everybody is waiting for. Bangladesh will need a lot of local coal now for pizzas purposes 😂😂😂😂8514;😂

Domino's Pizza Now in Bangladesh

Posted On: 2019-03-16 09:55:27

Domino's Pizza was officially launched today in Bangladesh with the grand opening of its first restaurant in Rangs Fortune Square, Dhanmondi, Dhaka.

Domino's Pizza entered Bangladesh via a joint venture between Jubilant FoodWorks Limited (JFL), one of India's largest food service company, and Golden Harvest QSR Limited, a part of Golden Harvest Group. The brand will operate under the JV named Jubilant Golden Harvest Limited.

Domino's Pizza comes to Bangladesh with a menu that is a unique combination of some top international favorite pizzas along with pizzas that were developed specifically for Bangladesh. Customers will soon be able to enjoy hot and fresh pizzas either at the restaurant or in their homes, where the pizzas would reach them within 30 minutes.

Domino's Pizza will bring a strong focus on ensuring Value for money for its customers and towards that, it has an aggressive, value pricing starting Tk149 which will help grow the Bangladesh market by attracting many more new users into the category.

Speaking at the launch Mr. Shyam S. Bhartia, Chairman and Mr. Hari S. Bhartia, CoChairman, Jubilant FoodWorks Limited said, "Bangladesh is a key strategic market for us with immense potential for growth in the foodservice sector. We are delighted to launch Domino's Pizza in the country in partnership with Golden Harvest and are confident that this will go on to win consumer acceptance and become a successful business in Bangladesh."

Commenting on the development Mr. Pratik Pota, CEO & Whole-time Director, Jubilant FoodWorks Limited said, "We are pleased to launch the first Domino's Pizza restaurant in Dhaka today. We have done extensive research over the last twelve months to develop a menu keeping the needs and preferences of Bangladeshi consumers in mind, while also offering the best of the brand's international menu. We believe that our proposition of high quality products and value for money will resonate well with customers. We will also be launching a world class App that will help to redefine the pizza ordering experience of customers in the country".

According to Mr. Rajeeb Samdani, Managing Director of Golden Harvest Group, "We are delighted in launching Domino's in Bangladesh today partnering with Jubilant FoodWorks. Domino's Pizza is one of the largest pizza brand recognized for its quality & delivery expertise- we are confident that Domino's is going to be one of the most loved Pizza Brands in Bangladesh with unique products & service offerings for pizza lovers of the country. The concept of Hand tossed pizza & open kitchen is an innovation for Bangladesh-on top of this, it depicts our awareness to maintain highest hygiene & food safety standard in order to ensure global standards."

Shares of Jubilant FoodWorks Ltd was last trading in BSE at Rs.1327.3 as compared to the previous close of Rs. 1349.45. The total number of shares traded during the day was 46385 in over 1969 trades.

The stock hit an intraday high of Rs. 1353.85 and intraday low of 1322.05. The net turnover during the day was Rs. 61792240.

[mrshaungcm] 15/3/2019 20:38

Well baxy - i offloaded all spike tranches today - good on the buyers for taking them - whoop whoop -£££££££££££ yipeeee

[mickb1234] 15/3/2019 17:06

Today 16:52 Price: 26.50
GPback 5,863 posts
RE: is there anybody left
Have all you traders stopped and thought that it’s your collective self that is stopping the true rise happening

😂😂😂😂 FFS seen it all now!

25p sell, get that on the buy by 10am Monday.

[linton5] 15/3/2019 16:07

This proves aim market is unjust this will be my last stock ever on aim shocking

[lefrene] 15/3/2019 16:07

The price rather looks as if it has been on a day out, but now going back home.

[cambradjones] 15/3/2019 15:46

I cant trade mick, my timing is useless !31p to buy back now.If only we had a crystal ball ?Did try sell first thing when we were up 60%+ but that was never going to happen apart from those with contacts.Personally hope we see a steady climb now.

[mickb1234] 15/3/2019 15:12

Cam it always drops back. When the definitive news of a buyout or greenlight comes we will all know and there will be no disputing the value. Till then it's just pump and dump.

[cambradjones] 15/3/2019 14:33

29p to buy back at mo mick.Will it fall that far ?

[mickb1234] 15/3/2019 14:12

27p. Few more sells and soon be back at 25p to rebuy. Too easy.