Member Info for Bangla

Don’t worry about it not much has changed except coal is 4x the price and they have 2 brand new power stations lying idle with no coal to run them . Things are far worse than in 2019 and are deteriorating by the day. You really couldn’t make this up .

No why would Power China , one of the largest companies on the planet be spending months negotiating a JDA with GCM if they didn’t feel confident of getting approval. There is obviously a huge amount of work in going on in the background. Well done to Gary lye and Michael Tang.

What makes you think us shareholders are not aware of that possibility however I doubt the Bangladesh government would award approval to a delisted company and I doubt Powerchina would want to be involved with a delisted company. I don’t see how it would be beneficial for Tang in any way and would only devalue his own shares.

The trade at 14:38 is a buy , it’s mine

My guess is a huge chunk of that 2billion will end up in Swiss bank accounts , There lies the problem approving phulbari effectively kills the golden goose for the massively corrupt politicians and there brown envelopes,

Only GCM’s price could drop after what was a excellent RNS confirming that the proposal is being developed not only with the knowledge of the Bangladesh government but that they are actively involved in the details of the proposal and have options to participate, Power China are in discussions to take part of the mine as the power station may not get approved which shows to me they are keen to be involved on some level, Power China have completed billions of dollars worth of projects in Bangladesh and it cannot be underestimated how much pull they have with the GOB, Overall was very happy with the details in the RNS . Nice to see the management give an update to us long time shareholders. The price drop is a joke but day to day price movement mean nothing as I’m in till sh#t or bust , good luck

As usual you make very valid points and are well researched. Using coal at pulbari is so obviously the answer to all Bangladesh’s power problems but as we close for Christmas soon and edge closer and closer to the end of March when we run out of funds. The only way we will be able to raise funds is with huge dilution probably with Tang stepping in and getting his hands on even more through polo. We NEED to put the proposal in now and publicise and promote it in the media to build awareness of the benefits, put the GOB in position where they have to make a decision.

I for one have become very disappointed with Micheal Tang , He was brought in to get this over the line and apart from bringing in Diani , what have Diani actually done for there 30% , Who are they ? What has Tang got to do with them? what’s has he actually done , I will be going to the AGM along with a few other investors and we intend to vote against Tangs re-election . For all the good it will do as I’m pretty sure he controls the Diani vote.

With the country on the brink of bankruptcy and having blackouts because not only can they not afford fuel because of the war in Ukrainian there is a world shortage , The uk has announced today they are opening a coal mine more than 30 years after the last one closed .

Maybee she does have to….

It’s all a bit irrelevant at the moment unless we get an RNS to say they have become a development partner but if that was the cast that would be a monumental confidence booster for us getting approval. Assuming Power China have all the details available they would not sign up to that unless they were positive of the go a head . These type of deals take months of negotiations. I’m not holding my breath though GCM are very bad in keeping share holders informed.

That’s not our mine. I think the positivity come from the fact they are saying they need to use their own coal and have no other option. Which has been obvious for some time. I see Anu Mohammed is still putting his 2 penny’s worth in , He’s a pain in the **** that man.

So the mm’s have dropped the share price 6.67%. With a market cap of 10 million thats £667,000 off the value of gcm for sales of £4000. Absolutely ridiculous ,

This can only play out one way wether they want to or not they have to use there own coal. The elections is next year so I would think they would want it sawn up sooner rather than later. But it’s on everybody’s lips but nobody wants to say it , phulbari is your only option,

That was back in 2006, this is the next generation and the new power plants have super critical technology and are way more environmentally friendly, I think we can all agree she doesn’t want to mine coal due to pollution, even though she is happy to buy low quality high polluting coal that has to be shipped half way round the world probably doubling the environmental damage than use her better quality coal on her door step, your right it doesn’t add up but is indicative of this backward thinking corrupt government . But it’s my opinion she is considering it not because she wants to but she has made so much of a mess of the economy she has no choice.

It’s a fair coment she has always been the stumbling block . Over the last couple of months her own ministers have mentioned mining own coal , even in parliament , I don’t believe they would do that without her permission so im hoping this is an indication that maybee the gravitas of the financial situation in Bangladesh has hit home and she realised there really is no other viable alternative open to her . We live in hope !!

Can you post the link where you heard of the meeting please. Thanks

Sorry showmethemoney I’ll rephrase , that is a definite option for funding sorted. I’m sure all parties including power China are at the table and was well aware that announcement was coming. hopefully we will get some sort of update soon we all no GCM give nothing away and have a very tight ship.

As per the directive, banks can lend money to set up coal-based power plants as required for power generation in the next 5 years.

So that’s the funding sorted , everyday there is another little bit of information released. Putting it in the public domain bit by bit looking better every day .

Great research 99, completely exposed the hypocrisy of these do gooders, there all the same sitting in there in there ivory towers dictating to people who have nothing, The tea pickers In Bangladesh went on strike recently because they wanted a rise on there £1.80 daily wage. I don’t think they would be saying the same if they was living in slums with no running water , blackouts and no money to feed your family. The Bangladesh economy had been destroyed by the people who was put there to protect it with massive corruption and now they have bless it dry they have no other options they will have to mine phulbari

I’m not sure anu Mohammed has the same support as he has in the past the situation is so desperate in Bangladesh I actually think the people will be very supportive of the mine along with all the positives it will bring. Phulbari seems to be mentioned daily even in parliament , my own personal view is it’s only a mater of time possibly even before Xmas.

When the RNS comes I hope it is either after hours on a Friday or 7am. If it is a green light this will open in the £ hopefully so the day traders don’t have time to pile on and kill the share. With all the talk in the news I can’t believe people are still selling at this price . Each to there own. If your not in when the rns comes you’ve missed the jackpot .

Your wrong , it was £9 per share just before the riots , do your research then coment