Member Info for NasiRul

Business interests in Jalandhar & Kolkata... but need to visit Khulna in Bangla now and again.

Political influence and networking here is really important to get anything done. Therefore, lots of access to decent info.

Utter nonsense .

Firstly, the author of this quite laughable post states it is based on an AI output.

So it is not factual.

I am currently in Bangladesh, and the truth is this,

BNP chief Tarique Rahman actually addressed a vibrant and supportive rally yesterday in ... yep, you guessed it Dinajpur !

He arrived at Birampur Government College ground around 3:15pm on Saturday, marking the final stop of his regional campaign tour.

It is significant that he chose this place to end his campaign rally ! - It will deliver his country the resource required to kick start the failed economy.

Party supporters gathered at the venue from across the district throughout the day, with organisers saying preparations had been made in advance to welcome him. The rally ground was filled by early afternoon and there was much positivity and energy for the prospect of a new BNP government.

The vast majority of people in the area WANT prosperity and modern industrial development. They see the rest of the developed world on their smart phones and on social media. And 20 years on from the original troubles in the area, a different generation understand what is needed in order to have the things they see the rest of the world enjoying.

Yes, there are a small, insignificant MINORITY who oppose coal mining. But this is the world. You will always have the for's & the againsts.

The difference in 2026 is that the fors genuinely outweigh the againsts by 1000's to 1.

I think I will believe my own eyes for my assessment of the truth rather than a fictional directed piece of fiction from an AI bot.

Fully agree with your analysis. Hence why my opening line was to state that this loophole needs addressing, rather than a blanket removal.

And for that I dont have the ready made answer.

However, some ideas on working a solution could involve finding ways to identify what is genuine business to business use of small parcels by looking at VAT reg, Company reg etc etc ... all of which can be used as a sourcing code for transactions that are for samples or other similar reasons.

Customs Depts now have access to really sophisticated scanning technology, just like the new airport gear, and so using A.I can surely be developed to intercept en-mass consumables sent from the same location and apply an automated duty invoice to either the buyer or seller. Happens now with some items going to Northern Ireland that are suspected of being re-sold into the Republic. But before anyone wants to ripping this lot apart, I'm just saying ! There is technology now that will allow the authorities to manage a change in the rules to ensure duty is applied appropriately.

The main issue will be political rather than practical. But U.K public sentiment is definitely moving further right in respect of protecting our shores and our interests, it just depends whether it tips the balance against Charlie the Chav getting his 4 striped adidas trainers for a fiver !

But in respect of whether small or medium businesses should still pay customs on items for resale or OEM use, .. why not. My Company does. Thats not about being competitive, thats about tax avoidance and greed. If everyone has to do it, then guess what, everyone is competitive !

The pressure on the government to address the loop hole created by the "de minimis" imports rule is increasing, especially after Trump stating categorically that the U.S "dont do that anymore " .

This potentially closes the door for Amazon, Temu & Shein and the like to sell their cheap Chinese tat directly to the great British public without the appropriate customers fees being applied.

Allowing ASOS to benefit once more from its logistics presence in the UK.

There is a massive difference between the cost model of shipping in containers (customs paid of course) of goods from China and the Far East, then storing and distributing them from the UK, against the barrage of competition ASOS have been facing from cheap Chinese warehouse operations in Ningbo, Shenzen and the like, being then able to 'post' items to Blighty with no additional charges.

Consumers are fickle... they see a price on their phone and press the button. They have no idea how it gets to them. Just the price.

Once these low prices start having customs fees added or if the Chinese lads try and pass the import duties onto the great British public to deal with directly, then ASOS will be in a much stronger commercial position.

In the famous words of the old fella from Dads Army ..... " Dont Panic !"

"I would not get too excited about this....all HBR have had their performance bonus payments on 25th.....LC probably scoops a batch of shares as part of her bonus structure.....timing coincides"

The RNS suggests this is a personal purchase of shares rather than a Share allocation through a Bonus Award. These generally are reported differently. Ive never seen anyone given cash to purchase shares before as part of their performance bonus.

If Linda has used some of her performance bonus to purchase shares, then that is also suggesting she is confident in where her money is going. She could have coped for some nice shoes and hand bags instead if she wanted to !

I think sending you for a Maths lesson is actually required rather than a walk through !

She bought 86,000 shares.

The shares are £2.85 each

86,000 x £2.85 = £245,000 give or take.

There are many other ways to invest £250k of your hard earned. Linda appears confident !

A fight ! ....

Think Searcher may have a weight advantage ...... moneys on him

Never seen a share price move in a straight line when its rising.

Good things happening again here in the background by the sounds of it. Long long overdue.

Santiago. Who gives a rats ar5e

Its a public discussion board for people who buy and sell stock. Its not the secret service

If you pay attention to anything anyone posts on here to make your own investments then you should think about using your money for lottery tickets !

FYI - Searcher is a very very decent bloke. Appears to have invested in GCM, and only posts facts from news items.

Also seems to treat his women folk well and takes them on holidays !

LOL... ;-)

Yep... Now we know why this has been held down so long.

To be blunt... stating the Company is losing a million a week for the last quarter is actually stating figures !

Im surprised LSE havent reviewed this irresponsible and totally unsubstantiated post & deleted it .

Is it too simple to view the current share buy back as follows;

The lower the SP then it costs the Company less cash to purchase the shares.
The less money spent on shares enables more of the Debt to be repaid, whilst reducing the number of shares in circulation, and ultimately making those remaining shares with shareholders more valuable. ?

Summary.. its good for the company to have a lower sp at the moment, but not so great for the mental and emotional condition of those private investors who are only able to view the value of their investment in the present.

Total rubbish.

Brexit has added huge complexity, process and cost to dealing with our closest trade partners. Most of us in the UK who export, do so to European markets first & ROW next.
Add this to the isolation we now face from our previous EU partners, resulting in many of them re-directing business to fellow EU countries rather than the UK, is contributing significantly to our current crumbling economy.
And this myth about better Trade Deals with the ROW... complete hogwash !
How can standing alone with reduced overall volumes to bargain with, compare to the deal the EU are able to obtain with almost 30 other nations markets behind it.
Those of us in the real world .... who know how trade works are suffering because of Brexit.

The little Englander middle class cardigan club, reflecting on a whiter than white Imperialistic view from the Victorian ages can spout all they like about being better on our own .

The facts are... We arent !

Its worth remembering that the like for like comparative share price for this business, with not too dissimilar oil & gas assets, was £25 in Sept 2018, & £10 in Jul 20... and a whopping £100 in 2012 ( although admittedly a much different shares in issue position) .

It could be argued this is a tad undervalued !

This news was the natural progression for GCM in obtaining the Scheme's ultimate approval. The plan & finance needed to be in place first with credible partners who have a track record of delivery in Bangladesh, i.e The Chinese. Then reach out to the Government for its approval using those who may have close connections and influences within it. This is why the consultants have been chosen this way from a Bangladeshi company. As I stressed previously the work locally has been tireless from GCM and in putting this in place, this now presents them with their best opportunity to link all the pieces together and obtain the GoB's approval on the scheme.
Next news is likely to be regarding an agreement by the GoB to address the wider proposal of power stations, infra structure investments and the mine development.
Just my view and of course, based on pure speculation and guesswork.

Thank you for your nice words.
I actually spend most of my time nowadays in Hong Kong helping with educational sponsorship for college foundations covering S.E Asia & UK . Recent time has been in Beijing and it is hard to get access to a lot of the western-based websites and search engines. Hence my limited contributions.
Other time in Bangladesh is subject to power availability! ;-)
My interest in this project has been long-standing and linked to my time with HSTU in Dinajpur where significant funding and a wider scope of scholarships would be presented to the University when the mine is given the blessing of the government.

Hello..
Without too much boring detail of this, there are a number of priority projects forming the Rural Infrastructure Development Project (IRIDP) for Dinajpur district.
The Long Road scheme is an important one for connecting Upazila and Union Roads. It has been promised for a while, but funds limited.
When discussions have been progressing about the improvements required to accomodate the mining and the new power stations, many of these localised items have been included within specific 'wish lists'. Many of the recent road and brisdge schemes have been carried out by Chinese contractors including the Company currently engaged within the MOU.
Its not a big project in itself by any means, but is important to a lot of local representatives and numerous items such as this are being woven into the overall discussions as part of winning over local support for the GCM mining scheme of development

A while since my last post. Nothing to previously comment on due to the layer and layer of bureaucracy the Chinese & GCM appear to be having to go through just to get heard. It is a typical example of the lifetime it takes for anything within Bangladesh to be decided upon.
However, it would not surprise me that some real progress may now be playing out, especially once Aug 26th passes by.
There appears to be many local discussions currently about the real prospect of a Power Station . These words have been suggested many times before, as have the frequent emergence of rumours of the resulting coal mine. Added to this has been the more significant approach for funds to support the Long Bridge construction project, which potentially link to the Power Station actvity.
There is a high level of renewed optimism with a few interested parties in the coal scheme development due to the required level of governmental dept engagement.

To be fair, some of the current and past GCM board & senior management have been very approachable and interested in sharing views with serious investors, regardless of their stakeholding,
Business cards are readily exchanged at Trade events or AGM's with a variety of people. In country, Gary Lye is always courteous and professional with all the people he discusses the business with. A very very likeable gentleman.
I believe those on here claiming to have contact could well be true.
As for the website.. unfortunately GCM's admin processes are somewhat loose at the moment , and emails regarding the expiry of the Domain name have been going to the wrong place. - All that is needed is for someone to contact the owners of the domain name in order to update the contract for its use; hopefully no one has since jumped in and purchased it !

Yes BH.. acknowledged. Having read the fine print.

A monthly retainer of £20,000 from 1 July 2016, payable quarterly in arrears by the issuance of Company shares at 20 pence per share (43% premium to the Company's closing share price prior to the MOU being agreed and announced) with no other financial payments nor reimbursement of expenses unless agreed by the Company.

Under the consulting agreement all share issues are conditional upon the Consultants' interest, together with the interest of its in-concert parties, remaining below 30% of the Company's issued capital. With the exception of the monthly retainer, the Consultant is restricted from disposing of any shares received under the consulting agreement for a period of six months from issue.