Gcm Resources Share Discussion Threads

[apfindley] 26/3/2021 12:06

And the most shocking part is the INTEREST on the polo loans has increased....AND their conversion price reduced from 11p down to 7.5p...Surely this shouldn't be allowed.That's 3.5million quid of loans, which have already been gathering interest at 12% and that's now increasing by +1.5% extra per annum and the conversion reduced to 7.5p.I've not even worked out the extra dilution to shares yet....but its getting silly now."Loan Facility ExtensionThe Company has , as part of the proposed placing , extended and amended the terms of the loan facility provided by Polo Resources Limited (the "Facility") of which, as announced on 7 January 2021, there is GBP300,000 of the initial GBP3.5 million facility remaining undrawn. The lender has agreed that it will not serve a repayment request on the company for 5 years from the date of the agreement replacing the previous provision that it was payable on demand with 90 days' notice. The Company and Polo Resources Limited have agreed an increase in the interest rate from 12% to 15% per annum rising by 1.5% on the third anniversary and by a subsequent 1.5% on each anniversary thereafter. Furthermore, the lender may request conversion by the issuance of new ordinary shares in the Company at 7.5 pence per share (being the Issue Price) subject to any necessary regulatory approvals. The Company may elect to repay all or part of the outstanding loan at any time giving 60 days' notice and with the agreement of Polo Resources Limited."

[malcolmyoung] 26/3/2021 12:05

Findley...I have to admit, you did make me laugh 'I called the placing correctly again'. Ha ha ha, I suppose the laws of probability say you get it right 10% of the time.
Bad luck on the facts, only raising one million and some juggling of the interest rates years down the line.
Another nine incorrect calls and then you might get the next one right. GCM gonna BEHUGE

[apfindley] 26/3/2021 12:01

Yes mickey. On Twitter.Haha you still laughing I hope....as you make yourself look like a proper TIT.

[apfindley] 26/3/2021 11:53

Oh dear oh dear mickey.You will never believe the truth....so keep your blinkers on.Meanwhile, i called the placing correctly again.

[induna123] 26/3/2021 11:46

Another £1m sucked out the pockets of shareholders. Literally an ATM this company.

[longjohnsilver1] 26/3/2021 10:03

Nick nack is back on track




For sure vomiting his usual brown stuff



No project, no coal,



Chinese will say goodbye soon


Sp says it all.

[mickmack] 26/3/2021 09:41

"So Gravey, are you saying Mr Ding Zheng Guo, Chairman of PowerChina International Group Limited DID NOT say those words DIRECT? Are you saying GCM are lying on their RNS? Is that what you would like me to provide you an independant authentication link? Answer and clarify your position or bore off"

Gravey - "To each of your three questions within the ultimate para. of [49605], Yes, Yes and Yes please"

There it is, Gravey is ill-informed and makes negative comments about a project that he knows nothing about. What a clown he is. So Gravey, with 8000 employees, would you consider Chinese state owned Xinua news agency as an 'independant' source or part of the GCM false statement conspiracy?

[longjohnsilver1] 26/3/2021 08:23

Friday and no project...




Another week for nothing


The chinese will say goodbye soon

[malcolmyoung] 26/3/2021 08:16

Bisto/Findlay - you are behaving like a 'big girl's blouse' - no-one is interested in your whinging, its boring.

[glavey] 26/3/2021 06:00

Nick Nack, So you can find posts when you want to. But you are prevaricating. I wrote "YES PLEASE". Yes means yes.

To each of your three questions within the ultimate para. of [49605], Yes, Yes and Yes please.

[longjohnsilver1] 25/3/2021 16:50

Who’s selling a single share of this beauty called gcm....hahahahahahahahahahah




Day trading girls, day trading to make money



And be careful with the market crash coming


Longjohn has warned you

[longjohnsilver1] 25/3/2021 14:20

Which clown wants to buy one share at 100000p to increase the price....hahahahahaha




C’mon nick nack go ahead.

[mickmack] 25/3/2021 09:54

Gravey - 'There is little public knowledge of "the Chinese" as there is of Dyani, for instance. I'm not aware of them having made any direct public statements.'

MickMack - 'Really? You are not very aware are you?
"Mr. Ding Zheng Guo, Chairman of PowerChina International Group Limited, stated:
POWERCHINA is delighted to be a partner with GCM to deliver an integrated mine and power plant for the people of Bangladesh. Completing the JV Agreement and EPC Contract were very important steps in progressing the combined Project. As the Power Plant contractor, we are committed to a positive relationship with the community and to construct an environmentally friendly power plant for the benefit of the local people."

Gravey - "You don't need to prove that you need to learn to read detail and to understand the meaning of the written word. That fact is already established. The operative word was "direct". That means not attributed, reported or orchestrated by GCM, associates and officers"

So Gravey, are you saying Mr Ding Zheng Guo, Chairman of PowerChina International Group Limited DID NOT say those words DIRECT? Are you saying GCM are lying on their RNS? Is that what you would like me to provide you an independant authentication link? Answer and clarify your position or bore off

[longjohnsilver1] 25/3/2021 08:44

The only think to believe is that nick nack is the biggest clown on this bb

[glavey] 25/3/2021 02:14

[49576] Nick Nack,
"Am I correct in saying that you don't believe the boss of Powerchina stated those words direct, that GCM have simply made up the quote, and that you want me to provide you an independant link that authenticates the quote."

YES PLEASE. A direct link to the "Speeches made by the Chinese at a press conference" in support of your claim.

[longjohnsilver1] 24/3/2021 22:06

The two clowns are posting after the masters as always. Even on filter they are smelling brown stuff



Hope they will get their jab soon and stay locked for a couple of years more



Band of losers



Hahahahahahahahaha 9.45p


A penny stock stays a penny stock

[malcolmyoung] 24/3/2021 21:34

Old news ABBA - 'China turns its back on Bangladesh BRI coal projects' FT two weeks ago and relates to the $3.7 billion loan which Dhaka want to utilise on another project. The request was turned down.

[malcolmyoung] 24/3/2021 21:08

Coal powered generators - Feb 2021
China approved the construction of a further 36.9 GW of coal-fired capacity last year, three times more than a year earlier, bringing the total under construction to 88.1 GW. It now has 247 GW of coal power under development, enough to supply the whole of Germany.
Ha ha ha - you should give up posting LongJohnShathisPants - just to re-iterate, Feb 2021. The Chinese will do, what the Chinese want to do - end of story.
GCM is gonna BEHUGE

[longjohnsilver1] 24/3/2021 19:49

As waterloo01 said they will pull the plug on all coal power plants in Bangladesh



Game over girls

[waterloo01] 24/3/2021 19:31

Well listen to R4 news around 5.30 and they have an interview and specifically mention the letter having been sent and received and suggesting that they will pull the plug on all coal power in Bangladesh, regardless of what stage it's at. I'm not in this so will leave you to whatever agenda folk are pushing.

[mickmack] 24/3/2021 19:26

Old news Waterloo. Someone somewhere saw some letter. You'll have you do better than that- post a copy of the letter. If you can.

China has no intention of cutting coal, it has many many new coal power stations being built right now. Powerchina are Chinese state owned and they are 100% behind the GCM project as confirmed recently.