Member Info for doze

It is difficult to achieve concensus on a figure Digit. Cybertron suggested 100- 200p recently on GL but I would be happy with less and a limit sell really needs good informed guesses which I suspect are impossible to give. Placing limit sells viewed by MMs is the best way for MMs to gauge where the price might go.

As the people want Phulbari that is an easy one; it will be immediate hence my limit sell. Not set too high that it still attracts buyers on the way up but not too low so avoiding missing out on too much of the gain- altogether hopefully a pain free exit.

It caters for a possibility anyway.

Is a limit sell at 50p greedy or too low? I need to prepare.

They can never be the majority % beneficiary of their licence as they do not have enough capital and GCM stands for global coal management so am hoping they do that. Licence or lease holder is a strong card to hold I admit and can't wait to see what that delivers. BNP would have a good partner in GCM imo if they get the SoD adopted.

GCM do not own the coal.

Do you need a kiss 'n' cuddle. If you know all the facts put on this board you should know it is highly likely Phulbari will operate under an extended Barapukuria footprint which Phulbari will make a going concern. The paste from Pappi says 2028-30 for full-scale production which is only possible if the Phulbari SoD is accepted. Bara will have their employees jobs saved and the new rail for overburden and dual carriage road to the area will come in useful.

Re mithral- If he had done 20m$ silver streamer maybe he would have had a KEFI SP that didn't show him "20+ m$ less, in dilution anyway , an alternative possible turn of events that could have been unless he is sold up which I doubt as I think he must have been in close period. Obviously a risk in a risk off period forcing gold sales but underlying is the gold appreciation environment prevailing.

Digit put the magazine up at 22.28 yesterday but you have highlighted the news from it that matters buried in it.

I am absolutely stoked that the wheels have been turning and sense should soon be exhibited by the new administration. I was beginning to think they were talking themselves to death through delay.

Action should be as swift as possible in Rangpur hinterland where all the greenfield development to kickstart enterprise will lift the country and fulfil election promises not to mention the main drivers;Teesta and Phulbari and associated infrastructure.

Trump has probably brought about global recession but GCM could possibly rescue some hope for me to maintain a decent standard of existence along with the folk of Phulbari and region.

Great to see a Rep who may be connected to GCM spelling it out. They need to come out into the open and expose poorer solutions to Phulbari.

I hope you have a magic Easter and my wish for the goose with the golden eggs materialises.

Should KEFI help BCM get EV plant to use GERD power?

Tang is close to China and they would certainly be open to some Tang support over POLO as he has tailored GCM to PC needs but BNP will also support him so he is in a strong position on the board post GL. The years of preparatory work is done on Phulbari and to bring POLO out into the open is also a indicating the negotiated trajectory to the GL, especially if all parties are in on it as is likely otherwise it would have been rather a presumptuous stance to put in the public domain. It could be the final piece of the jigsaw.

Bangladesh would be well served by an arms length London listed GCM, set up as a management company and currently sourcing contract mining firm which will require oversight from GCM if that is the modality being worked on.

The wheels are turning , far too slowly.

Tang is in control of POLO stake in GCM and could use that in POLO's interest and fortunately it probably helps us as well while a low profile pending the GL is required. Bangladesh does not have a fungible stock market and deals are done in a far less open market and above board way than AIM hence it leads to Awami like corruption.

That would be nice Redeyemines, to see the SP move after BVI reregistration, I was focussed on how we get the GL. I hope things are tick box in the islands..

Atm the important thing is to woo the BNP into giving the GL which is bound to involve PC and BNP in high level negotiations which dictate to GCM. GCM will be the face of capitalism reminding them about a fair return for risk capital and assuring them the capitalists will be limited iro equity interest. The licence is the trump card and can only be used once and Tang has a lot of interests to satisfy but fortunately the pie is very big and he only needs a minority position so will be accommodated and he is dependant on the value of GCM shares and/or future earnings attributable to GCM and we PIs are aligned to that. GCM need to pay a fat fee to an agent to overcome any BVI qualms and give POLO and its shareholders a return on their investment. 'The Company has been informed that the officers of Polo are currently undertaking steps to restore its status as a registered company in the BVI including the appointment of a new BVI agent. This is expected to occur following, inter alia, the satisfactory completion of customary due diligence on Polo and its stakeholders by the new BVI agent, followed by a court order as required under the laws of the BVI.' Note 5 to the RNS today.

The POLO news has me thinking the SP is controlled to make the 7.5p conversion level earn a high % of GCM and if that is the case it is Tang behind it all. He must have parties selling and selling back between themselves to do it. In my opinion it is to limit an enormous upside to GCM via a bull market in the shares so that an acceptable split in the ownership can be imposed but maintaining the attractive prospects for FDI and at the same time POLO 30% gives a big reward to Tang and he can't rock the boat. I can see no other reason for the low SP which should be confirmed when the modality of Phulbari is revealed. Tactics will all be approved at the highest levels and POLO is maybe the final piece of the jigsaw. The parties have to wait until GCM is ready with POLO and this could pose a hold up with BVI pending but I am sure they could take a quick decision if they wanted.

....and that GCM are part of the owner mix.

£1.63/share value going forward.

POLO will have 30.795% of GCM on those figures so it looks like part of the modus is that POLO will have that limited to 30% and cannot put in a bid for the whole company and 70.00% is available for divvying up with PC and Bangladesh and us.. Tang/POLO will be repaid in this scenario and we are diluted 18.23% with 451,094,516 shares in issue.

GCM it has been mooted get 5% (£2) now potentially £1.63.