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Not sure how forward selling works but that could have been happening.

I have researched by googling Axis Capital; they will have been supplying stock to clients in the know and this morning had an extra £2m of stock hence the increase in unknowns today- all imo.

The meeting is more likely to have a favourable outcome with a large local share base. I do not see any £2m investor now which is good.

Jamesss; I don't know what the farmer chat was and am too old to bother with looking back but I know I would be concerned if they were not getting good compensation for losing their land if approval is given as that would cause riots, shooting and the coal staying buried. I can certainly understand peeps wanting to discuss and be assured that the farmers were happy and there is no repeat of Asia Energy. My first buy here was over a decade ago at 233.20 p / share when I thought it was a done deal. One decade lost for the Bengalis for cheaper electricity.

.... explains all the unknowns also. The diaspora has revealed its agent of activity

Perhaps no widespread buying but only a strategic buyer-I am hoping not but a TR1 may be issued at some point.

More like give them time to load up.

Https://www.dhakatribune.com/bangladesh/344023/titu-commodity-prices-were-stable-people

Now Nasrul's turn.

26/7/22 that article-think it's time they sorted themselves out, more relevant today than when published. Really need the headbanging.

I opened another window to see if the latest post was relevant and all the capitals disappeared whether before or after 'post message' I couldn't say but sorry about that.

Good luck to us this week.

you can add to no planning the politics. who runs these arms of government and which quango has most power in the vote box. press articles are essential and happening to overcome resistance to change by educating the population who cannot then be galvanized into a riotous mob. ****stan, myanmar and bangladesh and add india have a legacy of power through the bullet and popular politics and this legacy needs overcoming through a rational process. a bit like the uk; when things start falling apart the ruling party are out.

headbanging should sort the situation out and imf and china can help, as well as those international exploration companies who have an open goal like gcm.

Hasina's new year speech to the nation was to build on progress achieved but make even better progress and she also said earlier she is forging closer links with China. Phulbari is the means to her ends so the pressure is on Nasrul Hamid, state minister of the Ministry of Power, Energy and Mineral Resources, to live up to his status with the means put at his disposal.

If GCM are to be part of the mix going forward then Tang should raise finance post approval since we will need the working capital to boost the team and avoid unnecessary dilution.

Downside is minimal while upside is in the air, it could be many times SP however the market is not playing a fair game generally on AIM and the players other than investors could be holding the range for nefarious reasons. This share differs from GKP, where I was mega ramper at 9p, in that the coalfield exists and is quantified but we do not know how profits will be split. Global Coal Management hopefully will be eponymous at Phulbari.

This could happen here and would not be a boom for us

https://www.lse.co.uk/rns/ETX/proposed-fundraise-of-163289m-and-cancellation-5nc5u59ac1ryzfp.html

Gov do not need to be owners, they will take a percent of profit but not losses! I am hoping GCM will have some interest in any minehead coal selling price otherwise price paid for coal might be held hostage to PC. All in negotiation imo.

I expect the corporate lawyers are the spanner in the works at the moment. I can't see an announcement before the parties know where they will end up and imagine the scrapping will be some of the most intense these lawyers will have ever had to engage with. They should have a rocket put under them.

Probably auto-generated misspell to be fair. What has the world come to when we have to make allowance for AI? AI is no help imo.

'too'

Been waiting nearly 20 years for Phulbari to materialize.

Great that new local press articles in the news daily.

Any idiot should appreciate the momentous time it is for the whole of Bangladesh and the importance of getting open pit mining at Phulbari started.

Behind the scene arguments (you can almost hear the jabbering from the UK) have to be silenced with common sense.

Your post 15.01 Searcher " If the government can stand as an active partner and present this issue as a business case, then both the political declaration and its implementation utility can be economically and financially accepted, only then it’s possible. " is what I have been saying favours GCM as the entity to manage the project. Hasina needs to have a friendly face to US and UK to engage the pharma and textile industry worldwide and not be exploited by financial dependance to her main political backers rather than her diaspora. There is no need for her to be entrenched.

They are starting to gang up; adviser to the PM, Dr Mashiur Rahman should be pivotal with Hasina and says "Bangladesh's all departments have their own power and sometimes they may fail to ensure correct judgment, which is creating impediments to the private-sector investment,"