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Jollychippy; your link is the finger on the pulse. Dealing with GCM is an imperative now even if Hasina is in bed with China, Russia and India. She cannot afford any more delay and can distance herself and be pro OPM by changing her energy minister if he doesn't announce something soon.

Https://www.aljazeera.com/news/2024/1/8/sheikh-hasina-once-bangladeshs-democracy-icon-now-its-authoritarian-pm

Hasina and Zia known as the battling begums.

"Begum (also begüm, bagum, begom, begam, baigum or beygum) is a royal and aristocratic title from Central and South Asia. It is the feminine equivalent of the title baig or bey, which in Turkic languages means "higher official". It usually refers to the wife or daughter of a beg." - Wikepedia Shamina Begum was denied Bangladeshi citizenship.

"Furnace oil-run power plants account for about 23 per cent of the country’s total power generation in the 2022-23 fiscal. Power production cost increased by 29 per cent to Tk 11.52 a unit during this period and use of furnace oil was one of the reasons for a rise in the production cost"

https://en.prothomalo.com/bangladesh/l6ukoajcxm#:~:text=Furnace%20oil%2Drun%20power%20plants%20account%20for%20about%2023%20per,rise%20in%20the%20production%20cost.

google is a great help

You get cash where you can crowfoot when running a deficit.

https://www.dhakatribune.com/bangladesh/341315/nasrul-hamid-pm-hasina-keen-to-create-more-scopes

Perhaps there are women in the wings for minister of energy job as stroking Hasina's ego will not deliver the goods.

Hasina needs to undermine Nasrul who has given go ahead for expensive LPG power generation which I suspect he did because suppliers of gas and coal and oil are waiting for payment. She can do this by mobilising against opposition to OPM at Phulbari. All things do boil down to that democratic imperative and Nasrul is having the rug pulled because the mob will soon be on his doorstep instead of GCMs' as Hasina gets behind us.

The Scheme of Development includes all environmental considerations as developed by Asia Energy in April 2006.

https://www.gcmplc.com/phulbari-coal-project/overview

Jamess, I am assuming the figures for profit will derive from PC sales of coal. After calculation of production costs which are mainly extraction and management involving GCM and PC, the sales to power stations will have a profit element which will be split % tax % operational costs and % to licence holder and quite possibly % to local authorities put in charge of water pumps (as would be prudent for future management). Just my musings as I would like to see the final acceptable face of capitalism applied. A lot of negotiating to do post approval on a country level and technically complicated.

Wolfi, 6,688 hectares can be compared to this data " The Fens is an area of 400,000 hectares, stretching from Lincoln and Boston in the North, Cambridge to the South and Peterborough to the West. " " Data on the 2021 population of Greater Lincolnshire and Rutland taken from the 2021 Census5 show a total of 1,136,000 residents across Greater Lincolnshire and Rutland. " (733 ,900 hectares)

Acid mine drainage amelioration measures need to be watertight! When you look at the fens which have had water management since Roman times you would think it was manageable except we do not have monsoons to contend with or iron sulphides I suppose.

Population density must be greater in Bangladesh

Hoping for a smooth ride here then; I enjoy my lie-ins whatever but help in being a steady investor.

" the modality for state participation as a partner in the Project." modality; the way or mode in which something exists or is done

" to raise further funds in the coming weeks"

As the licence holder GCM is in a strong position due to urgency for Hasina and therefore should be able to ink an agreement for the project due to the position they hold between PC and the government and the government getting their tax % to their satisfaction. This is easiest for GCM to achieve their small % of the project without the muscle of PC taking too much.

Tang will want to load up his mates hence 'coming weeks' but he might not beat pressure of events (I hope) and project approval comes first which would be looking after shareholders; I don't believe a pre approval raise aligns with shareholders.

The RNS majored on post result period and should have put most under post period developments. Shackleton seemed to try to play to the LSE gallery too.

Overall very hopeful GCM has a future.

I loved this soundbite which was always my vision for Blackbird now elevate "Our goal is that, over time, elevate.io will come to define how content is created and stories are told individually and through collaborating in teams."

I am a late to bed person as I like a lie in so I miss all the flapping as people react to rns in the morning while I wait for elation/panic to die down. Low volume but they're getting no big sells GPback so all good on the trading side of things. Who are the active brokers on the bid/offer?

I agree the MMs have an agenda to accumulate and I can't see that as a takeover play which means until the OPM is announced (the only sure thing imo) there will be a difficult spell while shakes happen.

Tang would need 75% of a vote to delist and if there are no predators this seems to be the spanner that could be in the works for shareholders as who knows what PC and Bangladesh might prefer to see operating at Phulbari. If a delist did happen there is a period for divesting after the vote but what might the SP reach if this was to come to pass.

Obviously we all want to see more NEDs and personnel hired indicating all is well but with reins on the SP and slow unveiling of policy by government you have to wonder about the discussions behind closed doors.

It could just be traders but the 100k blocks seem a bit deliberate for that.

NEDs in a way indicated no delisting but although not up to speed with AIM regs, I did have a quick read and think I got the gist, as above, which leaves me still a nervous investor.

Rampy posts make me even more nervous so I hope folk appreciate my cards on the table so to speak as It is done to help me keep hold of my stake and indicate what I am looking out for. I don't like being played from any direction but unlike Pappi I do heed other BB posts as sentiment/understanding combine to make the market.

That was a 1/2/2015 report

Paul Shackleton should not have needed much due diligence as already known by nomad;

" In Daniel Stewart’s case, the jitters that spread across the markets last year were a factor in the firm failing to file its accounts on time, shortly followed by the revelation that it had a capital shortfall and that its licence to advise Aim-listed firms would be removed.

Its shares remain suspended, though last Thursday it arranged for founder Peter Shea and a new investor based in Singapore to chip in for a long-awaited £1.5m capital raising.

However, in the competitive world of broking, rival firms have long since snapped up Daniel Stewart’s 25 corporate clients and several senior staff including Paul Shackleton, its head of corporate finance, who joined WH Ireland.

The ability to poach the best advisers, and occasionally entire teams and their client books, is one of the reasons cited – along with benevolent parents - for the scarcity of mergers and acquisitions among the smaller brokers in recent years.

https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11378049/Londons-stockbrokers-resist-mergers-despite-perfect-storm-of-threats.html

Cheers mankiniparty, I was about to post this

The touch paper not lit yet with no government sponsored name as NED. Attendees at the AGM were told finances were assured by interested parties and so the next thing to cause us to rocket will be news from Bangladesh about the project approval or another NED appointment but in-country this time.

There must be many moves taking place in the energy ministry to be announced soon after recent media news.

........as you say investor expectations slightly dented atm but still strong buy especially on more positive news

DSE received money from Chinese consortium for selling its 25% Share 3rd September 2018

25% Share of DSE has been transferred to Chinese consortium, DSE's Strategic Partner 4th September 2018

Inauguration of DSE SME Platform 30th April 2019

https://www.dsebd.org/dseglance.php

It might be but considering the ties to the UK and mentions of GCM then I think we are not unacceptable to those making decisions and Phulbari is being prepared for the GCM management role. Rishi Sunak is allowing £5000 as an extra ISA stock investment in LSE quoted companies and there are many of Bangladeshi immigration descendants who will most likely be willing to invest and have influence over there. The SP has been very slow to respond to news and it only needs this insider affirmation for it rocket.

Any NED appointment that smacks of Bangladeshi influence will be like the fuse being lit by the government so that is what I am hoping happens otherwise, yes, we wait for Hasina or Nasrul Hamid to announce for a big spike but any NED rns will be positive.

Thanks-I do admire Starlink though and it must get used when required in inaccessible terrain so perhaps could be selective for national parks or low population areas so preserving nature. Link with EE seems a good idea to me in order to utilise new tech as it comes out in affordable way.