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BHP Minerals International Exploration Inc entered into a Contract with the Government of Bangladesh in August 1994, giving it the right to explore and mine coal in Northern Bangladesh. In February 1998 the Contract was assigned to GCM’s wholly owned subsidiary, Asia Energy Corporation (Bangladesh) Pty Limited, with the endorsement of the Government. GCM has fulfilled all its obligations under this legally binding Contract and holds a mining lease and exploration licences in the Phulbari area covering the prospective mine site. Under the terms and conditions of the Contract, a mining lease has a 30 year term (from 2004) and may be renewed for further periods of 10 years (GCM’s option).
Recalibrate, I’d google Russian roulette if I were you mate, no numbers or colours in that game.
30 year from 2000??
Pretty sure it went to £8 something, don’t have time to look back , will do it later if no one els does it
It is concerning that in 2010, the assumption was it was imminent for the go ahead.
Fast forward to 2024 - we are still awaiting the go ahead. That's a very long imminent!
My take on this is that if the GOB don't act now and are not interested in doing so now, after 14 years, they are never going to do it.
Essentially - this could be massive returns or bust! No in betweens.
Wow! - like playing the russian roulette...but instead of picking a colour and number, you pick a year and a government that's likely the go ahead.
Highest its been as GCM was £3 something on anticipation of green light.
Spiked from the low teens to over £1 when Hasina took over from caretaker govt.
Lot of dilution to take into account & no other assets which we previously had. On the flip side, coal prices have increased.
Man alive. I think 14 year old articles are a bit rampy even for us lads (albeit it reads like it could be from today which probably isn’t a good sign).
I love that ‘research’ is google articles and not even checking the dates lol
Well it needs to come again so I can finally leave work in comfort
I think it was a taster of what could be
some dilution but no much
Well if we are going to ramp, is that when the SP reached around £9.50 :)
Old article but to say it was £9 while waiting for approval and we are currently at 7p shows how adrift the SP is
Is a bit derampy GP considering his prediction was 14 years ago 😂
That was published back in 2010.
We are now in 2024 in case you have been asleep!
2 huge deals to watch out for. GCM one of them.
How’s a bout that for a deramp.
https://moneyweek.com/494/coal-demand-bangladesh-penny-shares-04304
Haha me a deramper, that’s a first lol.
Get GP with the deramping. 50p pfft 😂
SP will be triple figures before we hear the go ahead has been given. 👍
“I think this is the week we get a positive RNS on the government approval and granting of licence”
Be glad when you get your 10% & 🏃♂️ on 🤡
Agreed for once one only has to jpin all the dots from recent newsflow
which is only still weeks old
Dont be impatient deals like this dont get done or come around often
Patience will reward imho
I’d expect it to be north of 50p in a flash when the GL is given.
And there is the next guy who always is wrong.
What a bb
I think this is the week we get a positive RNS on the government approval and granting of licence
If so it'll be north of 10p in a flash
Wos ofcourse has done research.
Me too; wos timing always off by more than a year.
Lets see ;)
Agree - We can Expect RNS (early) this Quarter!
AGM feedback saying Q1 not 'hard timeline' but give strong indication and March 11 Power China contract RNS say proposal to be presented shortly - at that time.
Other Indeoendent 'in country medua' support this.
Like last time with placing event (when we only get few months funding space) share price did push up strongly to MULTIPLY.
Since then we have raise to give us much longer funding security well into 2025 & other very posituve development like Power China move to Contract.
How long we really think until Share Price start Agreeive move & push back up into DOUBLE FIGURES?
Any day now I would say! 🦉
Sharebel - I’d recommend mentally switching off. I’ve found assuming it won’t happen, and maybe getting pleasantly surprised one day, has helped me with the endless wait and false optimism haha
Imports bounce back, but you would think that with the dollar crisis this surely is not sustainable!
“Coal import has also increased by 37 per cent. Bangladesh imported 3.87 million tonnes, up from last year’s 2.81 million”
https://en.prothomalo.com/amp/story/business/7shb6ikvbv