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I couldn't agree more Dusterinmong
Adam
why bother engaging
Both of you make no difference to GCM whatever you say stop clogging up the board
Jamess you delivered? Lol
That’s like the pizza guy turning up a week late and claiming he’s delivered.
What ever happened to the 3-1 placing?? You were forecasting 700 million shares to hit the market at 2p then we had 33m issued at 6.5p raising 2m smackers!!
You really are a joker in the pack 😂 10/10 for entertainment value you bring here, i’ll give you that much!
Ha ha Adam you're full of it mate.
You requested, I delivered.
You've just made an absolute fool of yourself.
4 way split poss Chinese GCM Govt and maybe a local profit share
imho
Just my opinion Manki
Still good if so??
Second only to 88e GCM Resources (GCM) 813 chat posts last 7 days here.
39 trades to 9.30am today.
Spread 3.37% down 1%
“My take is GCM will retain around 25% of the project”
What figures etc did you use to get to that number please?
Or have you just randomly plucked 25% out of somewhere?
A question was asked at the AGM re whether market will be notified on submittal - we were told not, the project is that big, the first we would hear about the outcome would be via a GOVT entity breaking it to the bangla press.
Chances are it’s already with the gov and we get news early next month imo.
Shortly be presented!!
My take is GCM will retain around 25% of the project
still gets this well over £1
And where is the about to be submited plan gone to??
The Mine Construction Contract duration is four years, with overburden removal to expose first coal taking some two years. The Company and PowerChina expect to enter additional contracts covering coal extraction and associated activities to support ongoing open pit mining operations and the Project's commitment to deliver high quality coal supporting at least 6,600MW power generation for over 30 years. A joint proposal with development partner, PowerChina, will shortly be presented to the newly elected Bangladesh Government
James it’s taken almost 4 weeks of posting for you to find a somewhat balanced post (half of it i barely understand lol)…given you comment here each day, doesn’t that speak volumes?
My point being, say what you like but please don’t lecture others who have a difference in opinion. You’ve really no room to talk.
Our buyer continues to add, 2x 100,000 blocks on the bell this morning…when will it stop? Not until after approval imo. Follow the dillies boys! GL
Fair one Adam, here you go.
Hasina30 Mar 2024 18:51
This is definitely a stumbling block.
Bangladesh was the worlds polluted country last year.
https://ibb.co/cwF8mLM
If they start agreeing to ever more coal mines, there's no doubt that the world climate change bodies will not be happy.
That said, the irony is that it would actually work out better for the environment, as there would be very little emissions owing to logistics, compared to importing coal from other countries.
Profit split30 Mar 2024 09:51
Let us say that the government have agreed to go forth with the open pit mine.
How then do we think the profits will be split?
Given current stake holders are;
Do Power China own any GCM shares?
GCM. ?
Power China. ?
Bang Gov. ?
GCM would share their cut out acordingly, I assume
Gcm Stake holders ;
Polo resources 17.8 %
Dyani. 12 %
Infratech. 4.2
I know the SP would rise and everyone here would be long gone i.e. no one really cares who gets what.
But this is another interesting angle on the whole situation.
The market requires a more definitive answer, we’ve already had Nasrul talk Phulbari and open pit mining in the recent past. Given how long we’ve waited, you don’t blame them.
It does however feel like we’re edging ever closer by the day! GLA
I’m agreeing with you you muppet
That scramble again lol
I don’t think we have to be too concerned about the predicted scramble to get in this morning…
Were still waiting on info from the meeting
keep up pls
A fair bit of noise was made about the meeting and with the state of affairs in the energy sector, i should think the whole country will want some answers about how the govermnet is going to fix the problems of its own making. It felt like the meeting was meant to be definitive in some way, rather than a quick catch up.
Ok jamess i’ll take it back on one condition. Show evidence of you providing a balanced opinion in any single post over the past few months raging on the GCM bb.
Fair?
Take that back Adam, that's just mean lol
Adam and chums.
Couple of people do all the research then Adam and Co jump on the back with OwlNytol sends everyone to sleep.
Jamess you’ve really no room to talk. You’ve spouted nonsense on here for months 😂
We will last to know.
Nothing really to update tbh other than general sentiment improving (but we knew that already).
I need to leave this BB for a while, too much hope haha
Nothing direct from yesterday’s meeting yet. It’s early though.
Approving phulbari opens up the full project. Mega onward foreign investment. Hasina would lose that if she said no. She doesn’t want to upset the Chinese.
Did anything come out the energy meeting? Yes excellent new from bbc and energy minister, hoping something comes out on yesterday’s big meeting