Gcm Resources Share Discussion Threads

[apfindley] 29/10/2020 13:40

If they were raising equity at 11p that would be great...but unfortunately there will at some point be a conversion of loan notes by polo at exactly 11p.It won't bring any fresh cash in as the loan notes are spent, however you will enjoy a huge dilution of 1/3 of issued shares to satisfy those loan notes.Do the maths and the dilution of the loan notes takes the equivalent price of today to just 8p.And another bonus ontop....the cash position will still be running out and require more shares to be issued by January to a new equity or debt funder for working capital.Oh dear mickey.

[apfindley] 29/10/2020 11:39

Tomorrow's close into the weekend could be down to 8p

[apfindley] 29/10/2020 11:39

Mick You were bitten once from 48p down to 11pNow you're admitting to buying more which are also now showing as a loss.What hope is there if you're not paying attention.

[malcolmyoung] 29/10/2020 09:41

You daft clown - you don't even know what delisting is...
Never mind, you give us all a good laugh with your ignorance.

[longjohnsilver1] 29/10/2020 09:18

Between 3p - 5p before delisting

[apfindley] 29/10/2020 09:12

3P I think you're right

[malcolmyoung] 29/10/2020 08:57

'Will need more money to survive, more dilution to come soon'
Thursday morning and the Robot Clown has been plugged in and switched on
ha ha ha ha GCM will BECOLOSSAL.........Polo payout of at least 8p per share ha ha ha ha

[longjohnsilver1] 29/10/2020 08:23

Will need more money to survive, more dilution to come soon

[apfindley] 29/10/2020 08:15

Should hover around 10/11The market still needs to know what funding will be in place from January onwards as the cash burn from the previous polo loan notes will be diminishing and likely last until jan/feb.At the moment the concern in that regard is where next years funding will come from.As polo are now unlisted, its unlikely they will be in a position to increase the loan notes at present. But who knows.

[longjohnsilver1] 29/10/2020 08:09

Below 10p today or tomorrow?

Coming soon

[mickmack] 29/10/2020 08:03

Gravey - Probably not for long though. ;-)

Why is that?

[glavey] 29/10/2020 01:50

"My Polo shares are exactly the same as they were last month and last year"

Probably not for long though. ;-)

[apfindley] 28/10/2020 21:53

Trapped at 48p and too pig headed to exit.

[apfindley] 28/10/2020 21:13

Mickey you used up all your kleenex on the rise to 20p but forgot to sell and now scratching your head at 10p again.Oh dear. How many more opportunities do you need to find an exit?

[longjohnsilver1] 28/10/2020 20:31

Hope everybody agrees now with Longjohn about the 2nd wave of covid....

Now also listen to Longjohn about gcm (no money, no project, no license, more dilution coming) after planned polo delisting

Bye bye coal

[malcolmyoung] 28/10/2020 19:53

...If you would think about retiring on that amount then you disappoint me. 50p millionaire comes to mind.

sounds like apf, you are doing a bit of Boris Johnson back-peddling - three quarters of a million quid, most could retire on that. But Turkish lira - you are probably right as its down 25% against the dollar, this year alone.
Ukrainian girls - I lived with one for two years before moving to France (she wasn't allowed in the Schengen Zone) legs you can only dream of....and Ukrainian girls are smart and speak great English..... which was helpful, as my Russian is not too good.

[apfindley] 28/10/2020 19:51

Yes both you and Jay have changed your names since you appeared on gcm in nov/Dec 2018.I've been laughing at you ever since you bought at 48p under the name of mickb1234And after every little rampy rise, the price still gravitates towards 10/11p which is the polo loan note price.You still don't understand why.But 1/3 of the future shares are sat there unissued at 11p. Nobody whos researched wants to buy above this price because it will clearly drop back to 11p each time.