Member Info for Danno01

It's an expensive commodity,......

The cost of a ton of quality coal in late 2025 varies significantly by type, location, and supplier, ranging roughly from

£400 to over £650 (around $500-$800 USD) for premium house coal, smokeless fuels, or anthracite in the UK, while industrial thermal coal prices have been closer to $70-$100 USD per tonne but with high volatility. Quality means higher carbon, better heat output, less ash, and smokeless properties, with anthracite being the most expensive, followed by high-grade house coal, notes The Coal Shop UK and SupaHeat Fuels.

Examples of Quality Coal Prices (UK, late 2025):

Top Quality House Coal/Doubles: Around £420 - £455 per tonne (e.g., Meekin Coal).

Anthracite (Smokeless/High Heat): £648 - £699+ per tonne (e.g., SupaHeat Fuels, The Coal Shop UK).

Premium Blends: Around £400 per tonne (e.g., Meekin Coal Fire Blend).

Factors Influencing Price:

Type: Anthracite (highest quality) > Bituminous (house coal) > Sub-bituminous > Lignite (lowest).

Quality: Higher calorific value (heat output), lower sulfur/ash content increases price.

Form: Nuts, grains, doubles, slack (fines).

Supply/Demand: Global energy trends and local availability.

Region: UK consumer prices are higher due to transport/delivery costs compared to industrial bulk shipments.

I know it's a bit foot in both camps. But, even if Bangla don't want to use Phulbari for themselves, then why not mine it anyway and sell it abroad for hard currency.

Either way, with the current situation, it's got to at least be considered at the very highest of Bangladesh government levels.

GLA

Danno

It's a sign!

lets hope it triples from here!

And more.

GLA

Danno

Why would the board accept an offer of £35m when to date they have spent almost double. That also values the license and everything wot it at precisely zero.

That all depends how much the BOD are bought into the other side.

GLA

Danno

LongSnoot.

But I found this interview really open and a good watch / listen, so here it is for anyone who missed it................

https://www.youtube.com/watch?v=1U0Dfc2hJLY

GLA,

Danno

Let's be honest. J23 has lost a lot of people a lot of moolah.

GLA

Danno

Commentary | - https://www.reuters.com/markets/commodities/china-india-import-more-thermal-coal-price-gains-may-weigh-2025-12-04/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Power-Up&utm_term=120425&lctg=63cdbd0274a6d35ac3037c2a

Maybe because its Sheeeet or Bust in the next few weeks.

Win. We all win BIG.

Lose. Hmmm. This is the best chance we have had in recent times, but if we get a negative, we all know what's on the cards.

Chin Up. Chest out....................

GLA

Danno.

Same on HL.

A bit touchy today Missus??

I always check how an RNS starts.

These tend to be good........

Strategic Minerals plc (AIM: SML; USOTC: SMCDF), an international mineral exploration and production company, is DELIGHTED to announce! (my capitals).

GLA

Danno

Vas,

You say.....

'I used to think I knew the basic rules on AIM, not any more. :'

I say........

The only rule on the AIM is........

There Ain't no Rules!!

GLA

Danno

And, you get a saleable by-product!

"The advanced FGD setup converts sulphur emissions into gypsum, while low-NOx burners reduce nitrogen oxide discharge. Ash and gypsum are transported through an automated barge loading system and sold to cement manufacturers, avoiding the dust pollution commonly associated with truck transport at other plants."

GLA

Danno

Wow!

That couldn't be more on point!

Nice One Digi.

GCM is strategically positioned with a globally significant energy project at a pivotal time in Bangladesh's economic transformation. With strong fundamentals, updated economics, and aligned national policy, the Phulbari Project offers long-term value creation potential for investors.

The Company remains focused on securing government approval to advance the Phulbari Coal Project into a world-class, large-scale open-pit coal mine in northwest Bangladesh. Strategically designed to support up to 6,600MW of high-efficiency, low-emission Ultra-Supercritical (HELE) power generation, the Project positions GCM as a central player in meeting Bangladesh's long-term energy demand and industrial growth.

In response to macroeconomic pressures in Bangladesh-including currency devaluation and foreign reserve constraints-GCM has updated the Project's economic model to strengthen local market alignment and enhance resilience. The revised approach prioritises domestic sales of high-energy thermal coal in local currency, aligning revenues with a significant portion of project costs. Foreign exchange requirements are to be met through the export of Semi-Soft Coking Coal (SSCC), recovered via a coal wash plant that also produces a high-quality thermal product for the local market.

This updated model was developed in partnership with global consultancy SLR Consulting Limited, which integrated scenario-based flexibility and enhanced the Project's risk-adjusted economic attractiveness. Key variables-such as mining method, product mix, transport logistics, and coal handling-can now be dynamically assessed to optimise financial outcomes. SLR Consulting absorbed the consulting group that worked on the Project's feasibility study and have maintained the studies and model.

Complementing the coal operation is a major renewables initiative: a phased development of a 2,000MW solar power park, supplying power to both the mine and national grid. This dual-energy model supports the Project's ambition to be classified as a "Green Mine" with net-zero operational emissions, providing significant ESG appeal.

Strategic Priorities for Value Creation

1. Government Approval & DevelopmentFinalising government approval remains the near-term priority. GCM and its strategic partner, PowerChina, are positioned to develop, finance, and operate the full integrated project over its 35+ year life.

2. Domestic Energy SecurityThe Project offers a long-term, low-cost, secure domestic coal supply-reducing Bangladesh's reliance on imports and insulating against global energy market volatility.

3. Partnership-Led ExecutionTo ensure efficient delivery and mitigate execution risk, GCM will establish Joint Ventures in key areas such as coal transport and mineral co-product recovery-unlocking early-stage revenue and improving long-term project economics.

Digi,

You are bang on right. It's worth Billions.

Maybe its because its nothing - or Boom, that I'm struggling to get my head around.

I mean where does this go to from here, its massive.

But, I have been around the AIM for a number of years now and something with so much value attached normally doesn't end up being what you thought it should be.

The fact that all the reporting is going on about using in country resources , AND coal is openly mentioned gives me, and I'm sure everybody else a massive buzz.

The time is coming, and its very exciting. I just hope that we don't get had off!

GLA

Danno.

From the Chairmans statement from 31 March 2025......

Chairman's Statement.

Whilst it is generally expected that the Chairman's Statement commences by chronologically running through events in the reporting period, there has been an exciting recent development that needs to be highlighted. Over the past year our Dhaka team has reported on efforts by the Ministry for Power, Energy and Mineral Resources ("the Ministry") to prepare a presentation focusing on strategies and challenges related to the country's coal-based energy sector. This initiative waxed and waned as the country's political landscape changed but we are delighted to report that a government organised seminar focussed on "Prospects and Challenges of Bangladesh's Coal Resources and Measures to Overcome" took place on 27 February this year.

The Seminar was chaired by the Energy Secretary with the Energy Adviser as the chief guest. There were over 70 invited guests with some 40% being government agency officials, 50% from academia and 10% media representatives. The Energy Adviser set the scene regarding the coal debate and said that the country needs to decide on coal extraction, whether to pursue open-pit or underground mining, how to select the mining companies, and whether to review existing studies or conduct new ones. The Energy Secretary emphasised that the time has come to decide to use the country's resources. He stated the country has many coal-based power plants and is struggling to pay foreign currency for coal imports. He further stated that the seminar had been organized to create a roadmap for using national resources and that decisions will be made on how to utilize the country's coal resources following discussions with participants at the seminar.

The Seminar was informed that to save hard-earned foreign currency in an import-dependent energy system, urgent decisions must be made to extract the vast amount of coal reserves in the country in the national interest. Coal-based power plants with a capacity of some 8,000 megawatts have been established in the country, however due to a lack of coal, the plants in operation cannot run at full capacity. A significant amount of foreign currency is being spent on coal imports. In this situation, there is no alternative but to start extracting the 7,823 million tons of coal reserves. The southern part of the government-owned Barapukuria coal mine and the proposed Phulbari coal project have completed all necessary surveys and are ready for mining activities.

It is significant for GCM and its shareholders that this Seminar being led by the Energy Adviser and Energy Secretary, finally demonstrates positive intentions by the Bangladesh Government to develop its domestic coal resources. This message was reinforced by the Presentation by Government personnel that highlighted the proposed Phulbari coal mine readiness and benefits and its ability to help solve the country's coal supply needs.

I totally agree Searcher!

Great find by Digi!

However - Where do we go from here??

How do GCM pull this off?

Will we need a ton of cash?

How will we get there!?

GLA

Danno

From the article.....

Urgent Priority: Harness Domestic Fuel Resources

It is alarming that despite an ongoing energy crisis, Bangladesh has yet to make a decisive move to utilize its known coal reserves. While there are genuine concerns about environmental and social impacts, modern technologies exist to manage these challenges effectively. The next government must make a political decision early in its tenure to begin mining coal and setting up domestic coal-based power plants.

No incident of violence was reported, while traffic in Dhaka and other major cities stayed thin and public movement was limited amid fears of possible unrest following Monday's high-profile verdict.