Member Info for closettrader

More 50000 trades....and they were definitely buys at 22.4 (highest recent sell price 21.75).

.....and we are actually up, not down, if judged on real trades - the reason we are showing down is because of a spuriously high UT at the end of Friday.

Our 50000 buyer is back..........

Starting to look lively again……..a Company in the right place at the right time……

Just to clarify, the Corporation with which GCM has an MOU (Power Construction Corporation of China, Ltd. ("PowerChina")) is not the same Chinese company (Bangladesh-China Power Co (Pvt) Ltd (BCPCL) that is risking getting a default from its bank: the latter is a joint venture of North-West Power Generation Company Limited and China National Machinery Import and Export Corporation - this venture helped develop to Payra power plant

....and NT to buy

From the RNS of Nov 28: 'The Company will make a further announcement on receipt of the drawdown funds from Polo'. Just wondering what this further announcement might be...........

And now nothing to buy on Barcs @ 2.0p

This share is absurdly cheap if the Phulbari project gets the go ahead.......upwards of $80 billion (yes billion!) worth of resource and GCM are in with a major Chinese company who are prepared to develop the project.

Now 1.95 to buy on Barcs.......

From an article in 'Down to Earth' Nov 23: 'China accounts for more than 95 per cent of the coal plant capacity beginning construction in 2023, according to Global Energy Monitor (GEM), a not-for-profit cataloging coal projects worldwide...........Outside China, as of the latest available data (July 2023), Southeast Asia and South Asia have the highest capacity under construction. The report said India (31.6 GW), Indonesia (14.5 GW), Bangladesh (5.8 GW), and Vietnam (5.4 GW) make up 84 per cent of the 67 GW under construction excluding China.'

https://www.downtoearth.org.in/news/energy/india-indonesia-bangladesh-vietnam-host-to-most-under-construction-coal-projects-worldwide-report-93039

Looks like Bangladesh is going to need a lot of coal in the very near future, and there is now enormous political pressure there to supply from its own resources rather than importing from abroad. Is our time finally coming......?

That should be 208m shares in issue........

After all these years there are still only 280m shares in issue and we have a MCap of a mere £2.8m whilst sitting on a deposit worth upwards of £80billion. We're in with the Chinese who seemingly want to develop the coal mine and integrate the project with solar farms. Historical prices for placings/warrants/share options/shares to Directors and consultants in return for fees are way above the current share price. A couple of days ago the near term worry about a capital raise causing massive dilution to shareholders was resolved with a £300000 loan from major investor Polo. There are elections in Bangladesh due in January 24 and there's a lot of recent publicity in the Bangladesh press about using the country's own natural resources to alleviate their huge debt problem......looks like the pieces may be coming together at last........

Did you miss the after hours RNS last night? It stated that GCM were accessing the last £300000 of the Loan Facility from Polo to fund it through to March 2024.....and that PowerChina were extending their MOU through to the end of 2024. Good news that immediate funding requirements have been put to bed and that PowerChina are still keen to develop the Phulbari mine which was an $80bn resource value

....and still the hidden buys keep coming (anything at 0.9 or very slightly above is a buy - top sell price is 0.88). It's been going on all week....is it the Newlands still selling?

Yep.........

Well …… all the large trades over the last few days, including the late reported one tonight, have all been buys (the best sell price during the same time has been .88)….. so it looks like someone knows something….

Yes indeed flundra - the MSP (Minerals Security Partnership - set up to counter the export clamp down by China of its key minerals) has singled out one company in the UK for support - Hypromag (90% owned by MKA)

Couple of meaty late reported trades - looks like the reason for the rise. Fingers crossed for next week

Wow…..Late reported trade for £500k….. that’s almost 3% of the company. Price brought down to accommodate this buy maybe……

Let's see if the after hours trades lift the volume.........