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For me then @ 9:08
Funding required by end of May 2024. Not today not tomorrow.
That leave us 7 full weeks on the DOT.
I wouldn't be chancing on funding fears bringing this down in the meantime. I would be looking at public being informed of submission and potentially news around acceptance by Hasina or at least consideration on the submission which in itself will push the SP and by the time the funding is announced, we could already be sailing in the double digits.
A suggestion of course to consider.
There’s only been 55 minutes of trading 😂
After 7 blue days, we can forgive a treeshake.
Lets see where it finishes at 4:30pm 👍😄
Looks like the buying is on hold ahead of funding poss??
Thanks for that searcher.
We’ve got to assume that the dossier for the project is in the hands of Hasina by now. Given all the problems they have with imports and their change of stance we’re expecting her to say yes.
The Chinese are overseeing this, not GCM. Can she say no to them and not solve all the problems? Of course not ;-D
China ramped up coal power capacity last year, according to new analysis, despite a pledge to "strictly control" the dirtiest fossil fuel.
The country added 47.4 Gigawatts (GW) of new coal power in 2023, more than double the rest of the world combined - great....
Clear Wos we stick to what we discussed yesterday 👌
TRIPLE FIGURE Share Price is what many of us expect & why Less & less 'FREE SHARE' is available.
We see hard effort by Big BACKGROUND BUYER and there is REASON for this!!
Thank you for great summary Mr Searcher!
I think it is HOLDERS who are Relaxed & non - Holders who watch it with some distress and for Good Reason when we look at Upside / Newsflow.
Very very good to be holding - good regard to fellow holders! 🦉
Confirmation of approval will bring a triple figure SP, TR1’s and more JV’s for different aspects of the project will filter through, this will see the SP rise further before work begins back end of 2024 early 2025 and a potential quadruple figure (pennies so £10+) offer is made for GCM by the Chinese imo.
Https://www.fastbull.com/news-detail/bangladesh-power-system-gets-dirtier-on-rapid-coal-3826014_0
Thank you Searcher for this info.
Given that this was at about 860 pence some recent years ago and with what we know now and how much further this has advanced from that time, we could easily call in on those pounds again.
Nice summary of the state of play Searcher - thank you.
Well we’ve gone up 1,000% recently, so it’s not out of the realms of possibility for us to do it again.
It can’t be too long before we find out where we go from here too.
Exciting times for sure 👍
And no reason why we should not see exactly the same again in the next four months …
• We have a constant 100 / 200K buyer
• Positive news regularly in the press about mining own coal
• Nasrul Hamid (Energy Minister) stating in the press he recommends OPM at Phulbari
• GCM updates in recent RNS’s that they will be talking and engaging with the government in the 1st quarter of 2024
• Recent RNS about the “Phulbari Coal Mining Infrastructure Construction and Overburden Stripping Contract” covering mine development works of approximately US$1 billion necessary to facilitate coal extraction at the Phulbari Coal
• All the other company RNS’s with really informative information of what’s happening and how we are moving forward
• With all this press speculation, there has been no negative reports within the press or riots on the streets as in 2006
• With all this press speculation, there has been no word or negative comments by PM Hasina (This would of and has happened in the past)
So as I say, there is no reason why we should not see another 1000% in the coming months, LTH will all tell you that we have all seen this and more in the past…
The only thing I would say, is JUST ONE comment from either PM Hasina or from Nasrul Hamid that they are going to Open Pit Mine Phulbari, then all bets are off as to the timescale of that rise 😂😂
GL all, whatever your trading strategy!
Over 3 years since we last closed in double figures 👊
Yep, another cracking day Searcher.
Shared similar thoughts with MuD yesterday. As we get higher it will be those of us with a tighter grip on stock not giving it away.
Plus Mr 100K buyer who will most likely be in it for longer term.
10p close, so nicely into double figures, and hopefully with the weekend upon us and the press starting up again after their holidays, you would like to think that people will be holding and buying, not selling, so should also be a good end to the week as well.. :)
I did 'dummy sell' for 10k and 100k shares when i was checking portfolio (at current listed price 9.75-10.20p).
MM offer me much HIGHER price for 100k then 10k - I check this twice.
Think all talk of Party (or Parties) ACCUMULATING stock is correct!
Wonder if this is people connected to Govt as lots of close contact between Bangladesh people & UK I understand. 🤔
Who know but certainly look like very determined Buying strategy
Have good evenings all genuine holders - others pull pants up! 🦉
Famous last words, I know, but looks like another solid day that should finish blue again, and hopefully be the day that we finally once and for all, say goodbye to single figures ;)
….. equals 100p in 25 trading days ;-D
Bangla-Do you want the company to explain why someone's buying shares? How would the company know? Why do you or I buy them? It's because we see a decent return based on our research.Unless they exceed the 3 or 5% and have to disclose then we wont know.Even then,the only thing we will know is who it is via the TR1.Anyway,I'm sure we're on the same side and it's all good.
I think we’ll get Hasina’s approval in the Bangla press.
Any day now ;-D
While everyone is at lunch, it looks like they took another 100k lol
2024-04-11 13:03:52 10.20 100,000 £10,200
I except that and took that into consideration but as stated in posts today someone has bought over 3 million shares in a day and it’s been going on for weeks , even with recent news that’s not normal , I’ve seen companies asked to explain for a lot less. It’s got to be a positive either way so I’m not complaining,
I agree.
"by April" Does that mean it is sitting in Hasina's in tray waiting for a signature?
tick tock ;-)
Bangla-It went up due to the $1bn contract signed with PowerChina plus the fact that the proposal was to be submitted by April.