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More posts disappearing 🙄

I’ve suspected a cash injection as part of the miner deal. Say a float of £20mn to buy into the project alongside the project %ages being agreed.

Bangladesh may be buying GCM stock. That’s another way of getting ownership in the project. Imagine that, a TR1 stating Petrobangla exceeded 3% of GCM 💥

It’s almost unbelievable we are still below 10p.

Not for much longer though 😁

There are some traders breakout points we’ve discussed previously. We are going or have gone through them today.

It’s always good to close above them for certainty but the underlying rise towards the elections makes the rise real and solid.

Look at the volume 😃

I don’t know MuD.

Seems rediculous if as a Polo shareholders the assets are given or hidden away to another even related party then they can re-appear.

I’d like to think our debts are written off tge same way. Apples are not apples it seems.

That would make sense CStallion. Still don’t understand the mechanics of what happen to Polo.

I should have said ‘Polo Resources’ being re-registered not Polo Investments which exists out of Guernsey.

Still don’t know how you’ve forfeited your shares. If the company was liquidated then the proceeds should have been shared out between existing shareholders I think.

For GCM holders, Polo Investments coming back to life is a big positive sign. There’s no reason to do it other than to cash in on Phulbari GL.

I hope you get the Polo value back somehow.

Surely they will be reinstated as Polo Investments bythesea?

Polo Resources wasn’t liquidated!

Big news that searcher. Good find. 👏

We know searcher will just post GCM stuff in reply 😂

Yep mankini. The false dawns in the past mean only traders made money.

Is this a false dawn? I don’t think so 😉

Based on the title statement from the company, the expectation of approval of the SoD is high. High enough to RNS.

Based upon that, I’m sure people have been building stakes for the news when it finally arrives.

After 17 years of ownership I think we’ve deserved the reward.

The sp is doing exactly what is expected in a rerate and it will continue to rise imo for months.

But a second monitoring extension was required. Shuffling for tomorrow.

Game on.

I hope the 1 share buyer keeps going for the next 12 months 👏

Note to self. Sit on hands and do nothing. Hard work over the last years is done.

I’ve been looking forward to the run up to December for months and I’ve posted on it many times.

It seems for once, mentioning “Phulbari” in the public setting isn’t going to be a problem. Once one has opened that box (E&P interview has) then that just might pave the way for others. The more the merrier 😃.

The natural re-rate for the share price in the run up to the energy policy announcement and the election, where all front runners have stated use of own coal, has started in earnest.

What is happening now are triggers, usually news out of Bangladesh that cause pockets of buying bringing hopefully fresh investment as the share is derisked.

We were stuck at 6.5p for weeks and now this is traversed day traders will see the breakout and assist. 1.3 mill mostly bought on Friday is just the start.

It’s where we will be in November ahead of the Energy Policy announcement that’s intriguing me. It’ll gauge expectations of the GL coming from Yunus ahead of the election to take any heat away from the elected government pointed out by Pappiklon a few weeks ago. It’s obvious to me that the policy will state own coal. It’s the political decision / will that’s key. The bnp have stated millions of jobs in the first 6 months so there are some big decisions coming.

Teesta linked to Phulbari approval is another driver. It was nice to read confirmation that work on Teesta by the Chinese will begin as planned in Jan 26.

I think every time we hear Phulbari mining mentioned, particularly by advisors or better government or bnp officials, we’ll get new interest.

We were stuck at 6.5p which is exactly 50% of the recent high from April last year - 100% profit takers? Not me.

8 /10 and the 13p are obvious targets for traders and the sp to push through. It will in my opinion. The double bottom on the monthly chart gives a trading target in the mid teens (just a target for the ‘W’ trade).

Digit said 30-50p pre-election (or was it pre-energy policy even ☺️) which would be very nice and plausible if Phulbari mining has been directly mentioned.

There are higher trading targets that will come into play at some point too.