Member Info for adamk87

Reason no1 which trumps all others is GCM coal is accessible easier than any of the others and is of a better quality than the rest.

On a separate note trades in grey are all buys, plenty loading up cheap. GL

Volume slowing down somewhat last few days, price still holding well. You can be sure LB has her eyes on all of this as she alluded to at end of recent interview. She’ll be getting results to the market asap if it carries on this way as the last lull is what triggered her interview - now is a perfect opportunity to build a holding here for those looking in as results will drive this into double figures coupled with potential jv partnership in the not to distant future. GLA

Coming soon!!! GLA

Big moves are being made. The fact we’re seeing these headlines last month of Q1 2024…the same month our proposal is being put forward, simple math is getting me very very excited.

https://www.tbsnews.net/bangladesh/energy/nasrul-hamid-chinese-envoy-pledge-enhanced-cooperation-bangladeshs-power-sector

‘He noted that an estimated $30 billion investment will be required for Bangladesh's energy and power sectors in the next five years.’

I have read, it will take 2 years and that gcm’s coal is the easiest to reach within any mine in Bangla, with some of the best coal globally or better than that which is currently imported. Will try to post a link tomorrow

When we break 5p the shackles will truly come off

Small taste of what’s to come when big money arrives here, which it will. Hardly letting anyone in when it moves up so imagine the scramble then, accumulate at the lows, confirmation of NED’s should arrive this week followed by wind of proposal to govt this month! Could be a transformational month for us boys!! GLA

Another piece of the jigsaw, more and more of them coming together. Nice find GUN

Crowfoot i’ve not lost hope because i’m firmly of the belief Power China have hung around since 2018/19 for a reason - they’ve financed other mines in Bangla and are in the ‘know’ more than any other ‘connected’ individual. If this was a non starter they never would’ve signed in first place, imo it’s always been a case of if and not when as soon as they arrived on scene (hence previous spike up to 80p on JV with them).

Don't get me wrong the wait has been excruciatingly painful but we’re now at the end game. GLA

There might be more shares in issue but we’re talking about a project in its billions, hundreds of them.

By the time we’re up and running we’ll likely have over double the amount of shares in issue with warrants, conversions and interests on debts etc - there’s a lot of cash invested in us getting approval (and screwed if we don’t)- when approval comes even if we had triple the shares in issue it would matter very little as we’ll still be worth £’s with the value of our assets and strategic partners.

Measly 7m mcap is worth a couple of weeks output.

We’ve jumped 60%+ by just identifying individuals for the 2 roles, on confirmation we’ll see a similar move imo as the uncertainty will totally disappear.

If that can be followed up with news re proposals to govt then you’ll really see us flying! Small volume lifted us thus far, with confirmation and a real plan we’ll get back to dizzy heights again soon.

SP shored up nicely here, people wanting cheap entries will have to pay for them, buying with the herd will only result in a higher price.

Looks great for the rest of us, hopefully NED’s confirmed next week then we can really get excited! GLA

Very lucky to be adding at these prices with NED’s all but confirmed! Mm’s not offering much before lifting price, hopefully going in to sticky hands or LTH’s averaging down, we get a sniff of proposal being submitted then really is boom time. According to recent update this will be done in the next 4 weeks.

Also looking forward to your in depth breakdown this weekend Searcher, if you can make time for it.

Thank you the 3 of you for updates! Sounds very promising!!

I’ve been confident before the agm as it’s only ever a matter of time when big deals/money like this is involved. Power China have committed to over 5 billion $ investment in the Phulbari mine, there’s no way that money is leaving Bangla, more so with everything talked about recently.

Can’t wait to see what the next few weeks bring and hopefully we’re updated along the way (please tell me someone asked specifically to update market when proposals made this month). GLA

Awesome, thank you Searcher. Enjoy your night bud

If anyone who went to the agm today can share more info/thoughts it would be greatly appreciated! Thanks in advance

Here’s one for you Earl, Power China are our JV partner and have committed to over 5 billion $ spend to get this up and running within 2 years know less than you?

Here’s a snippet of their influence limited to one article in Bangladesh - there’s many more as their big players there.

POWERCHINA is honored to receive the China-Bangladesh Business Excellence Award in Bangladesh.

POWERCHINA, as the investor and EPC (Engineering, Procurement, and Construction) general contractor of the S. AIam Project in Bangladesh, was honored to receive the China-Bangladesh Business Excellence Award for development contributions in the power and energy sector on Dec 21.

Approximately 380 people participated in the evaluation, including Yao Wen, Ambassador of China to Bangladesh, officials from the Bangladeshi government, entrepreneurs from China and Bangladesh, and media personnel.

https://en.powerchina.cn/2024-01/02/c_828634.htm

Feedback from government agencies indicates the desire for the local people to be stakeholders and to be motivated to support projects, i.e., offer employment, provide education and fairly compensate for land required and people displaced. The Project's Resettlement Action Plan ("RAP") comprehensively deals with the government's desires for the local people and was prepared as part of the coal mine's all-encompassing Environmental and Social Impact Assessment.

GCM is committed to lift the amenity of its local community and will ensure the RAP will deliver:

 

· Full and fair compensation prior to displacement;

· Fairness, transparency and choice;

· Higher living standards (town/village sites improved amenities);

· Financial grants to enhance livelihoods;

· Training and preferential employment; and

· Support of farmers to enhance agricultural production.

You can find the answers to all your false narratives in 1 RNS.

We have every angle covered, stop the waffling and start the buying Earl. You’re always wrong, get it right for once and buy early.

Earl

Licence renewed every 10 years

Money enough until this is at £1 a share

Govt approval coming end of March

The rest is just you waffling but i’ll add a few points

Power China investing over 5 billion

Go cry in a corner