The next focusIR Investor Webinar takes place tomorrow with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
The best way for tang to make money is to do a deal for ‘his’ shares to be more valuable and he can’t do that without making ours just as valuable. Also Gary Lye was the person who nearly got this approved back in 2016. I doubt he would stand buy while tang ruins all he has worked for for nearly 20 yrs.Time will tell but I have a feeling it won’t be long before we no , good or bad ,
The argument the GOB are using “open pit mining is bad for the environment “ doesn’t even make sense. where do the think the people they are buying it from get it ? Open pit mining is open pit mining Wether it be in Bangladesh or any other country. The damage to the environment is the same. The only difference is the coal being used is a far lower grade than pulbari sand is polluting the air far worst and then there is the pollution from transporting it thousands of miles. Not to mention they are bankrupting the country at the same time , It is completely corrupt and nonsensical. It now seems pulbari is being talked about in the open and is firmly back in the mix. Something has to give soon .
The experts have been disagreeing with the government for years there is nothing new there. The government of Bangladesh always do what they want they have even passed there own laws protecting them from prosecution for any wrong doing. They have openly said in quite a few links posted on here in the last month or so they need to use there own coal , I see the fact they are open to talks with GCM a positive. I think this could be the furthest down the road to approval we have ever been , looking forward to Monday for a change .
Hi Grundles, Although I am new to the board I’m not new to gcm and have been here in and out for a long time winning some and loosing others. I remember some of the £10 party gang , sadly think beeshoney has passed away. I’ve always seen this as a binary bet and still do but I honestly believe/ hope things have swung in our favour for a change, The fact is the GOB is desperate for our coal they have a new power station ready for commissioning in December with no coal to run it There foreign currency reserves are depleting fast and there is large scale unrest at price hikes and fuel costs, hasaini has said herself buying coal on the world market is to expensive and not an option. There has never been a better time to get this over the line. On top of that there own power and energy minister . The man who was behind buying in 100% imported coal is now openly saying he is advising the gov to use there own coal reserves and gcm for the first time has said they are in talks with government, This feels different to me this time.
I’m fortunate I’ve done well els were and have managed to get together a decent amount of shares , not spent as much as you. The difference is my average is only slightly above where we are now so a penny here and there is a lot to me and any significant rise will be life life changing. Nothing is guaranteed in this world. You pays your money you take your chances !! Good luck
Yes of course on the flip side if she came out tomorrow and said she will not be mining pulbari for some reason you would not be able to give your shares away, but there has been quite a few indicators lately there attitude is changing, what I meant was the risk reward here is massive and in my opinion it is unlikely you will be able to buy in if an approval rns lands. Me personally am holding tight
The only reason the share price is we’re it is is lack of confidence and lack of communication from the management. The fundamentals and the sheer amount of coal in the ground means we should be trading a lot higher and should never of been down here in the first place , I no the pandemic really hurt us on time frame with most government officials working from home and the country on lock down. I don’t no of any other penny stock with the rights to 300 billion worth of coal , or anything els for that matter , hopefully we can re-rate to a more reasonable price .
Someone could be playing a blinder here, building a nice holding buy buying over a week or so and when the price rises they sell a few at a profit to bring it back down then go again. Either way it’s nice to see some movement after nothing for some time
I’d bite your hand off for £3 right now . Even though IF we was to get approval I think that’s conservative. 1 in the hand 2 in the bush. Fingers crossed for all long time holders I also think we are going to find out befor end of March when funds run out . Good or bad ??
Don’t think there will be any leaks our side Gary lye and tang have proved over the years to be very tight lipped but if the Bangladesh politicians get a sniff of a few quid think they will be all over it myself.
I can remember sometime back at the start of the pandemic after a AGM there was an rns stating this is a 14billion dollar deal including the power station and infrastructure , since then the coal has gone up massively. If and I’m not saying it is/will . BUT If it did get the green light it would be way north of 200p, I always believed and still do we would no when talks were going good as any Bangladesh politician who was in the no would fill there boots before it dropped. Probably a lot more than todays buys but moving in the right direction.
To be fair Teddy it’s your money , you pays your money you takes your chance. I’ve been buying steadily and now have a large holding , I’ve seen many things over last couple of months to make me believe there is a lot going on in the back ground we’re not aware of ,
For the first time I’m aware of the minister for power and energy is publicly advising government to use own coal.
I think I’m wright in saying it’s the first time GCM has publicly said they are in talks with government.
I’m thinking/hoping the sola park was a requirement of the government.
Kieth fuller the finance director of GCM took his full allocation of options at the time off the last raise, looking at GCM’s website he now owns in the region of 1.4 million shares.
All third party contractors have been and continue to be paid in shares .
It is only the way I have read the signs and my own opinion. Please do you own research and do not take this as advise to buy.The share price is low because investors have lost all confidence and have seen many rises in sp and the inevitable drop as day trainers pile in . If we get something concrete to give the investors real confidence this will move very quickly,
Yes I agree. Also Would like to see power China take a bigger cut of the mine itself . The list of projects they have completed in Bangladesh is long and very impressive they have there feet well and truly under the top table of government .