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If there was a buy of that size, surely it would have moved the SP up??

Thank you Gus. So it is a research note rather than a commitment set by the company?

Where is that stated Gus? If it is on record then it really could come any time…and would explain the building up of positions by a certain someone!

Fair play mate. Anything can happen with these plays and it is now all about the farm out! Hopefully an update on that will come at some point soon!

I hope you are right there Gus. What is your target price here?

I get that feeling too Gus. But it also feels like games are being played and a large order (buy or sell who knows) is being filled.

Given the amount of buying I would hazard that it is a sell order but who knows

Ok. But so far it is proving difficult to crack 12p mate. And no amount of ramping is helping 🤷‍♂️

That’s great. Please could you tell me about the TA indicators you are using that are pointing towards a bullish movement?

That is my point. All buying so far yet SP isn’t reacting 🤷‍♂️

Lots of chunky buys this morning and the share price is down?

Looks like there is a seller about!

All fair points mate.

Having been invested previously in the likes of RKH and DES, I have been watching this since 6-7 p levels thinking it might slip back. What is reassuring is that they don’t need to place and have funds for a year or two according to the last chairman’s statement.

Momentum needs to pick up and I feel this should bag or two from these levels like RKH has done over the last few months

What makes you so sure this is going to 15p?

It seems to be traded up and down a lot and feels like it is difficult for it to break and hold above 12p.

I think you misunderstood mate.

Placing is the only risk I can see here…but I’m not saying it is an imminent risk as has been explained by Searcher.

It is just odd how they suddenly drop the price at the end of the day with sells all at once. The buy price was still around 6.2p though.

Yes…it’s odd they do it right at the end of the day.

The biggest risk for me here is a placing. But as Searcher says…they don’t need to look at doing that for a few months yet (and probably at a higher SP).

Lots of sells all at the same time? Not suspect at all!!

Some sudden sells…now waiting to buy more!

I’ve been in and out of GCM for more that a decade mate.

Despite the project being a “no brainer” it was clear that Hasina was not going to approve this as she was bent as hell.

The Chinese backing is a HUGE positive. The change in govt will hopefully mean that the project is moved forward more swiftly.

Bangladesh has no feasible, cheap short term alternative.

It is a few short weeks before the Energy policy will be out and all will become far clearer. I expect the share price to be well north of here at that point

Lol.. nice one Searcher. I hope your intuition is correct and that this is the calm before the storm (UP!)

Sounds like you know something Searcher 🤔😂

Currently you can buy at 6.49. That last trade was a buy and not a sell.