Member Info for luckyswimmer

Yes, only guesses at present for a takeover price but with annual revenues forecast at $1.5bn back in 2011 and a current market cap of $19m the price can move 50 fold without even considering the solar farm. I do get the feeling that the share price is being manipulated as Searcher and others mention, the recent high volumes are not consistent with a static price unless the price is being deliberately held in a range. I just hope that the team at GCM have the right mindset and see that its not the company on the back foot now but the government which now has no choice other than the GL unless it wants to destroy one of the World's most successful textile industries.

Agreed, the graph does look like we are due a decent move north next week after todays clear reversal.

I wonder if the government k ew they would have to go to the Chinese for a loan and so were keeping the award of Phulbari as the sweetener. It would make sense for the Chinese to propose at least 20% of the coal was exported to ensure their capital was repaid. Although the supply of cheap reliable energy to the economy would ensure that Bangladesh tax revenues would rise anyway.

Yes, GKP ,also at 9p was just stirring then oil flowed at Shaikan, the brakes were taken off and it finished somewhere around £3(? ) when Kozel sold a whole load of shares. I guess that means don't sell any GCM until one of the directors does hopefully north of £3.

I didn't imagine I could top up below 8p again but I managed to steal a few this morning at 7.845p. Now the contract for Phulbari development is in the Chinese press it's a done deal otherwise there would be too much loss of face. The only question is why the delay in announcing it given the urgent need for domestic coal. Perhaps its going to be announced as part of a larger set of initiatives.

Happy Birthday searcher, enjoy the celebrations, hopefully there will be an even bigger celebration soon.

7p was a steal this morning after signing of such a major contract. Probably last chance ever to buy under 8p. Confirmation of meeting with government officials followed by green light makes sense now otherwise every month delayed is another massive hole in their trade balance paying for imported coal in hard currency.

$1bn contract with a state backed multinational to get the project started, $100bn of domestic coal to solve Bangladesh's fuel shortage and market cap only £29m. No, this current share price needs serious rerating.

Well if the purpose of delaying the transfer of funds from Polo was to deter investors then it clearly hasn't worked looking at today's price action.

Great Christmas Merrygoers

General election on January 7th. Not long to wait for an announcement of a radical shake up of energy policy.

Helsbydrome, I think you will find that anything that suggests that it isn't totally man's fault that there is climate change will be ignored by the media. After all it would encourage a measured sensible debate rather than the hysteria of "Stop Oil"vicars, retirees and celebrities with limited scientific training.

It sounds reasonable to target basement faults if Helium has already been found seeping from the surface so I expect the team to raise funds by hook or by crook for Itumbula having got this close to testing Tai 3's basement play. "Unsolicited approaches" suggests a deal for the minimum can be reached but presumably the delay is that they want to raise more, to keep their options open. Decided it was worth a top up at 1.73p today but my track record is not good this year.

I wonder if the monied new team at GBP have noted the potential of their cash strapped Namibian neighbour and considered unlocking the financial log jam at TRP too? It would be nice to see something happening in this sleepy backwater finally. Yes, they don't seem to be well qualified in the oil exploration sense but seasoned operators on the financial side which is what's needed now to unlock Namibian, South African and Cameroon prospects.

Interesting that CGG's seismic boundary (looking like a ship heading ENE along the Aqulhas-Falkland fracture zone) does not match the rectangular boundaries of Tower's block but certainly encompasses it. Suggesting perhaps it will be a joint survey with neighbours, Exxon?

Looks like an overlap to me, well spotted Dicko and Affc.

Red-eye, I accept its always good to be realistic but I see the Bangladesh goverment as being under pressure to find a solution to their energy shortages combined with issues with state finances. At some point they are going to have to change direction or the ir economy will be sunk. I therefore see it as a waiting game until their political leaders see sense. China increased its coal power approvals by 90GW in 2022. So the neighbours are not so focused on green issues that Bangladesh would look out of line if it gave the green light to Phulbari.

I think the year 2008 explains the answer.

Its not a time to look to sell the licence when Bangladesh is suffering from energy shortages and the government is looking around for projects to give the green light to which don't require importing fuel.

A two year extension for Global's Namibian licence and no need to relinquish 50% are generous terms from the Namibian Ministry. Either they are doing their best to show they are reliable business partners or there is a farm out deal in the air.