Member Info for adamk87

Deals get done at these visits, just over a week left before Hasina’s visit……

Searcher

Posted in: GCM

Posts: 39,183

Price: 5.50

No Opinion

RE: Something happened there24 Jun 2024 12:16

Aimofthegame6, as the bid dropped to 5p, I am guessing that the traded shown below is what caused the bid to rise again, and that it is actually a buy and not a sell as being reported....

2024-06-24 10:51:28 5.45 149,226 £8,132.817

⬆️

Post from Searcher couple days ago, I don’t believe in coincidences. Delayed print both occasions and exactly same number of shares (random amount). Buy order still getting filled..imo!

You’re not wrong Bangla…very interesting!

Ohh, i thought you followed a link through official website.

A lookup of the site is quite interesting, registered by someone in Thailand and very discreetly, with little to no info given.

Name

Network Solutions, LLC

Whois Server

whois.networksolutions.com

Referral URL

http://www.networksolutions.com

Status

clientTransferProhibited https://icann.org/epp#clientTransferProhibited

Registrant Contact Information:

Name

REDACTED FOR PRIVACY

Organization

Phulbari Truth

Address

REDACTED FOR PRIVACY

City

REDACTED FOR PRIVACY

State / Province

10

Postal Code

REDACTED FOR PRIVACY

Country

TH

Phone

REDACTED FOR PRIVACY

Fax

REDACTED FOR PRIVACY

Again, it’s all whatever right now. We begin our journey with a green light.

‘Aspects of this Mega Project are awaiting final sign off at the highest level of Government’

‘Final sign off’ a little ambiguous don’t you think? kinda reads like preliminary go ahead given or some parts of the project have been confirmed.

But yeah, it’s whatever for now. GL coming soon imo.

It’s a pointless article.

Hasina travels to China July 9th, some big deals will be made, we already know the following through rns release:

"The arrangements with PowerChina also carry an obligation to conduct any required power plant feasibility studies, facilitate the inclusion of the Project in the ‘One Belt, One Road Initiative’ of the People’s Republic of China, and assist with financing the power plants."

PC is an arm of the Chinese GOVT - it’s already been said one belt, one road initiative will dominate talks when she visits. My guess is our green light arrives next month. GLA

Gudge trades like this only add weight to the theory.

18-Jun-24 09:15:42 5.20 275,000 Unknown* 14.30k

Buy reported late, sell price was 5.05 at time this was executed. Plenty of them the last few weeks!

Ignore the noise, patience will pay! GL

Simon the best way to predict the future is to study the past. Previously GCM’s mcap was over 250m as approval looked likely (back in the day - before 55 million spent on getting to where we are now, with feasibility studies etc, price of coal was considerably cheaper than it is now too). Power China coming on board it went above 100m…

You can’t compare now to any other time in the past, other than when approval was imminent back in the day, this is the first time since then an actual proposal has been put to GOVT (i won’t list the reasons why the green light is coming as I’m sure you’ve heard them many times).

We are the end game imo - obviously only risk what you can afford to lose but don’t let a week/month/few months at most get between you and potentially life changing cash.

The green light is only the beginning, cash will be generated very quickly from there with the ‘other resources’ i referred to earlier being worth 17 billion $ (value of coal 87 billion $).

Searcher we have 83 billion $ worth of coal and 17 billion $ worth of ‘other resources’ (to be extracted as we mine the coal, so recovered within 2 years!).

Our current mcap of 16m is a joke. GL is coming and when it does… 🧨 🧨 🧨

It feels like we’re about to pop, if it does then it won’t stop, with green light imminent imo. GL all

Simon, PC signed a JV for the Barisal power station in 2017, this power station only came online April 23.

The project was riddled with controversies (land acquisitions, licences etc), but in the end got the green light from GOVT as you’d expect with a player like PC on board.

PC first signed JV with GCM in 2018 - markets reaction was ‘done deal’ hence a spike up to 70p area, various delays and shenanigans since have resulted in SP languishing where it is now. However, PC have not only remained with us but signed further contracts etc - they’re here because they know the green light is coming.

GCM alluded to Barisal plant in 11th March RNS.

‘Coal Supply Expressions of Interest:

The Company has received Expressions of Interest to purchase Phulbari's coal from both of Bangladesh's current Independent Power Producers, being SS Power Limited that operates the 1,320MW Banshkhali power plant and Barisal Electric Power Company that operates a 350MW unit at Barisal (with plans to add an additional unit). These represent some 27% of the present market.’

Hand in hand.

Some links with useful info:

https://www.gem.wiki/Barisal_power_station#cite_note-17

⬆️ References sources provided at bottom of page.

https://en.powerchina.cn/2023-04/20/c_828308.htm

http://en.sasac.gov.cn/2023/04/23/c_15148.htm

Bingo

https://www.nytimes.com/2023/06/18/climate/coal-electricity-bangladesh.html

🤝

Until GCM release a negative rns share price not moving backwards. That’s how i see it.

Safe to assume project proposal is with govt…as far as the market is concerned, no news is good news.

A project this big takes time to have everything in place before an official green light, a non starter simply needs a NO…there’s been ample opportunity to say NO namely when Nasrul Hamid explicitly bought up Phulbari and open pit mining in parliament. More recently no public rebuttals to the recent Facebook post by Mr Uddin (contrary to opinion here, official accounts on social media platforms being used to pressure and drum up support/anger is normal).

On a separate note, we need to question who was (maybe still) buying up so many shares through Feb/March/April and into May…this wasn’t your average pi. Who doesn’t need to disclose this info to the market?

Just a case of waiting for the GL before we start to make waves. Until then the market is free to manipulate the price however which way it likes, given the appetite for shares, it won’t go lower than it has this week imo.

See you at the top! GL

100% Polio.

Positive, we can receive news anytime re approvals - imo it’s more likely in weeks than months.

Everyone spare a prayer for professional, Wise Owl’s other investment matd is top of leaderboard and the first thing that came to mind is poor professional 😂 we’ll be top of the leaderboards soon!!

You missed the imo mankini!! Haha

I posted link a while ago, stating both the govt and the Chinese want feet on the ground by beginning of 2025. I believe it to be accurate.

Work will begin at the mine back end of 2024, how long and what needs to be done between now & then is anyones guess, but approval is the initial trigger and will arrive soon imo. GL

Very interesting indeed!

Save yourself a few brain cells and filter him.

Https://www.lse.co.uk/SharePrice.html?shareprice=GCM.GB.PL&share=Gcm-Resources-Plc

Showing here. As were quite a few delayed 100k block buys the last week.

Doze your buy for 87,030?