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State of the Union speech was full support for Ukraine but Republicans did not applaud. Will US vote for support in November (gold up) or not?

.......the mine will fire up business as no outage, $4 bn is not the total benefit financially to the people of Bangla, I would guestimate a minimum $20bn

Jamesss, that was more balanced from you; PIs had almost given up hope here and most of the recent buying could be them moving back in with the new climate in Bangladesh.

what looks to be forthcoming government proposals which will have to be with GCM, I would suggest,at least initially, but your warnings are valid for setting against the current PI positivity though but one has to hope we will not be shafted and the nomad is not being arm twisted to get legalities in place for going private though nothing is impossible with our current bad governance in the market.

GCM has the licence to mine and a share of it can be traded for government deals on remuneration and with Power China to build. GCM have provided the route to a successful operating mine with a Scheme of Development under licence. They have worked on it for a good few years and honed it to perfection for the benefit of Bangladesh. Pig-headed politics and general animosity and misunderstanding has prevented progress but the asset has not disappeared into thin air.

"rns from 8/06 29 Aug 2006 08:50

Asia Energy PLC29 August 2006 Asia Energy PLC says development of its Phulbari Coal Project remains on course Dhaka, 29 August 2006 - Asia Energy PLC ('Asia Energy', 'the company') said today preparations for its Phulbari Coal Project in Northwest Bangladesh would continue in the aftermath of last weekend's violent protests. "We are continuing to work positively with the Government of Bangladesh to make this project a success," said Asia Energy Chief Executive Steve Bywater. "The Government has assured us that it remains committed to the project." The next steps in the process are the adoption of the Government's proposed new Coal Policy and finalisation of its contract with Asia Energy, leading to approval of the Scheme of Development for the mine. The company has temporarily suspended its field operations in and aroundPhulbari, but remains in close communication with both central and local Government authorities. Ends For further information: Stephen Bywater Chief Executive Tel: 020 7290 1630 Graham Taggart Finance Director Tel: 020 7290 1630 Cathy Malins or Annabel Leather Parkgreen Communications Tel: 020 7493 3713 This information is provided by RNS The company news service from the London Stock Exchange."

8/3/24: I believe and hope the board will be beefed up shortly with members who are familiar with Bangladesh institutions and people and if this happens it might shut you up as indicating the project progresses.

Bought some more today aswell as participating last night. Harry Anagnostaras-Adams (Executive Chairman) has done well to galvanise business in Ethiopia, they certainly need the money. Good ore grades. He could get a quick sale to a larger outfit once finance secured.

He gets to talk to high rankers while being on the same level- maybe this shows competence in business obviously needed to do deals. Too many fat cats globally though.

I made 3 buys but on the lse trades only 2 show so maybe some late reporting today.

Our Datuk in Malaysia, the CEO Tang dealt with the same situation in Malaya.

https://www.globaltimes.cn/page/202308/1296480.shtml

If it isn't they are missing a trick!

Is Tang in Bangla atm as the prospective NED might be meeting some of the players over there. It seems a proactive journey to make.

Macro matters might be relevant. One day closer to building the wall? One day closer to more mayhem in Ukraine with a Trump or Biden victory as that might determine matters (and elevate PMs ?). Anyway plenty of uncertainty and even Labour victory could move the macro dynamics. Will the peso strengthen against the dollar? I am positive here because I think Fres is a big player in Mexico and treats the workers as well as possible so will get Mexican domestic support in troubled times. Peace has a big premium nowadays.

Can't speculate until possible owner %ages divvied up with approval of concerned parties. How much will Power China require for example and what tax/stake will satisfy GOB?

He evidently is not anonymous in my book. Tang will want the hype of SP booming should official sources sanction Phulbari which he will not get if he delists. ADVFN 30/12/2023

13:06 There could be more to this suspension than you think. Wishful thinking, but if Tang has more information about the intention of the Bangla government towards mining own coal, then the reason for the non advance of the final £300k could be because a more major reconstruction of GCM is about to take place which would provide more cash and a bigger stake in GCM for Polo. Bear in mind also that he can convert the £3.5 million debt that GCM have into shares for Polo.

I think the next few weeks could be interesting...or not?

Maybe about to get our shares in Polo back on the market?

W2NCY said this ' I'm Marv73's brother! always had an interest but only just set up my account on here. '

posters here met the brother- now passed away - at AGMs and the holding is now with the family I presume so W2 is carrying the banner.

Good timing by TCM just before he gets a mention!

Good to see that in print for the first time and the screw applied to capacity generators getting something for nothing. Hasina must have new ministers supporting the change! Official announcements can't be far off you would think.

'safe pair of hands' who called him that? I was painting a positive picture and proven one of Tang's achievements and it would be nice if it turned out positive for shareholders. He trained in the UK and would hate it if he uses that against our interests but he is obviously a serial achiever. Hence the 'hopefully' to acknowledge all the anti Tang comment which may not be by shareholders like me and I cannot be bothered to research POLO though I know using POLO funds to take a stake was no cost to Tang which I did not like. He is obviously adept at using UK corporate law to his advantage.

26/6/13 Tang appointed executive chairman so he must be as fed up as anyone at delays. I have been reviewing all his efforts as per the strategy he writes of in his first report of 2013

http://www.gcmplc.com/shareholders/financial-reports

http://www.gcmplc.com/sites/default/files/2017-09/GCM-2013-Annual-Report.pdf

A steady and hopefully safe pair of hands. Maybe designs on being 'Datuk' of Bangla eventually; at least he has a taste for helping developing nations.

There is GCM from years back and Tang from a few years back. It is easy for Tang to get control of GCM with the new equity and take it private but he will likely wait until GOB have their % with the Lye credibility to underpin GCM. All boats will float when permission is given but PIs will benefit with less than 50% of where they should have been and all subsequent dividend/capital will flow to Tang and GOB.

That is my likely course of events to make sense of news to date.

The Managing Director here which I presume is the CEO was whisked off to be the sports minister by Hasina. Autocratic or what? Will she appoint the replacement! A bit of a vacuum at the moment.