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Why raise funds at 15p and have extra dilution though. This isn’t about the big boys taking cheap positions. Let’s get the GL and have minimal dilution.

If this is sealed before the election then we’ll be in multi poundland. There will be a strategy for financing.

We need the odd million pounds each year to keep going. Not a lot of dilution. Once we have the GL, minimal dilution.

My position is this will go ahead. I’m buying with all the spare cash I can. The Chinese will unlock this. The mms are sending a message. They hold down when they can to load up. They take it up to offload. Orders are being filled for the bigger clients. They’ll hold it until it is financially impossible to hold anymore.

I sold 800k 2 days before the RNS where the Chinese involvement was announced. Made a packet but realised at that point the company future had changed! Been buying them back ever since.

Grundies. Well done. I think in a little time both will reward handsomely.

My expectation is the mms have some fairly serious pigs to feed at these levels. There is no need otherwise to be held down. Remember the 1.7 mill order being filled at 4.2p two years ago. It allowed me to buy 1.2 million Gcm shares. Cost them a packet to hold it down.

Ok, 16p lol.

The “complete market” for the coal is a bonus as it means we can say none is being sold abroad. Tbh there will be so many coal plants it was never being exported. 12 mill tonnes per annum is $1.3+ dollars worth of coal to the company and some income from the power too lol. All for 15p a share lol.

The Chinese will know the full history of events at Phulbari. Wonder when the mms will turn the chart around? Today? Tomorrow? Soon hopefully.

Strange there was no BD press about the visit. Must have been a well organised event with government approval.

All the ducks are lining up.

Excellent news.

Absolutely. BHP are currently buying big chunks of SOLG. Wouldn’t it be ironic if they bought back into us lol.

If this is playing out as I think it is then until just before the news we will be kept looking weak, hence why I say at times like this (before a major period of approvals) the share price will be suppressed for as long as possible. Take a stock up to offload to the unfortunate buyers, take s stock down to load up like the greedy City they are. So, I’m currently still executing my plan, as I did with SOLG before it went from 1.1p to 45p, and taking advantage of this artificially depressed price. At the same time, offsetting any dilution from our Consultant, at a very low price too. But that’s my plan.

As our resource is 2004 JORC compliant, this means it has been assessed by an internationally renowned and independent body who perform the JORC assessment. Once you have this JORC assessment you can then use the stated ‘resource’ to raise finance against. So this 572 million tonnes is a guaranteed resource.

Ricky, Phulbari (the poster off iii) always said there was more coal than the 572 mill tonnes. He should know.

Good. Get the election out of the way by the end of the year and 2019 can finally be the year for us. First coal plant will need the green light so Chinese state pressure will be being applied now I suppose but definitely after the election.

RJ, the mm’s have a ‘plan’. I see it on the chart. The pain you are experiencing will hopefully be over soon.

Plus you will need to include part ownership of up to 3 x 2000MW state of the art coal plants and future income from those.