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….. Any drops will get quickly bought up. Stocks need to pause or even retrace, Gcm have done it previously on the way to 330p and before that 940p, but if this is a GO this time, as we collectively think it is, then the retraces will be short, difficult to trade and buy back into increasing the risk of losing position.
It IS trading diffently which has been obvious to me. But m taking that as a huge positive. Previously we haven’t got the GL. This looks more and more like a solid rise based upon positions being taken, maybe a large individual adding significantly.
Previously we’d have blown through 10p and risen massively (70-80p on China deal). I’m taking a massive positive that it is acting differently this time.
GL coming?
The SoD is written that excess coal can be sold into the international market. However, that previously didn’t go down with the locals and activists. They said we were basically stealing their assets even though the GoB would get royalties etc.
The company came out years ago and said there was more than enough requirement that all coal from phulbari mine would be used domestically but still at international prices
That’s still the plan.
……. realises the reason for no real sells by private investors they’ll have to either properly try and shake the tree (avoid stops at all cost is my advice - aim market is good at taking your shares) or take this up. The nearer we get to the news frankly we are all expecting then the more pressure will be on the stock.
Thanks for that searcher.
We’ve got to assume that the dossier for the project is in the hands of Hasina by now. Given all the problems they have with imports and their change of stance we’re expecting her to say yes.
The Chinese are overseeing this, not GCM. Can she say no to them and not solve all the problems? Of course not ;-D
…… that after all these years now we are SO close to getting the GL that a load of new posters (not all granted) are appearing explaining why we should sell or not expect full reward for the wait or holding the knowledge for the past 16 years.
Well no, we actually know the value and it is t 20% of the OPM, it isn’t 40p a share early takeover, it’s currently 100% of $100 billion dollars (in the ground), realised over 30 years.
When you know, you know!!
Hold those shares tightly.
Another tranche of stock went in today for me ;-D