Member Info for MaltLoaf

As I understand, the 2006 agreement ruling out open pit at Phulbari was made by (BNP/ Jamatt) ZIa and upheld by opposition Masina..Although Masina has been party to feasibility studies on nearby Bara Pukira. So what party really is pro GCM / PhulbarI?

Beeshoney, thank you for the tips. - IMO, the 'political' issues may just boil down to 'brown envelopes'. On the other hand a change in government personnel could see fast developments for GCM & Phulbari.

99icecream Thank you for info & links, much appreciated! You mention independent power generation of 40%. - IMO, This would also largely include use of small generators in domestic, villages and factory settings? - From memory, I recall that China has not focused on developing it's own on-grid systems to rural & semi rural locations instead preferring local generation from smaller coal fired plant. Would the Bangladesh government not see this as more viable, to emulate the Chinese success model?

It does make sense when PI's make use of what they've learnt over time. I hope this comes good for you ☺

GPBack I'm looking at the investment case here (not invested yet). Nothing sinister. There is definitely something interesting unfolding here, but you have to build a picture away from what you read in the RNS, E.g. What is the demand in the wider locality? How does lack of infrastructure impact on things like transportation - Can the coal be transported at consistent rate and reasonable cost? Who are the competition and potential partners? What worked for them?And of course, How do GCM presently connect with public, government and politicians?

Without a grid distribution infrastructure, then smaller output plant is better suited to towns, industrial areas, small cities (Phulbari population under 150k). The BPBD is already engaged in coal fired JV's (50/50) with Chinese & Hong Kong consortium's. GCM BOD they probably won't that get far in negotiations unless a similar 50/50 arrangement made. But where does that leave GCM's plans?

GPBack. Its ALL about big boys taking cheap positions. The financiers ultimately call the shots.

The election outcome is critical to the deal, so nothing probably rubber stamped until then. But it makes sense that the funds raising happens ASAP Then the big holders can take positions.

The dilution will be much higher than what was required in November 2017. I suggest that this could be sealed before the election.

How long before next placing here?

It could mean that the holders may now see an opportunity to cut-losses and sell into a rise on news. This could also be a way of transferring the shares between ii's.

Webley should have invested the 200K+ in a rental property or holiday let.

What is interesting on the recent ST update RNS / 26th October, is that we are given a reason for the delay on M2-042: Methodical casing of the hole to 224 metres, in stages (to prevent fractured caprock collapsing into drill hole). Its slowed progress, but is totally necessary to proceed. They initially increased the working hours during September to October but now we're informed the hours are reduced again due to night freezing temperatures affecting water supply. The projected intersect with diorite (for core samples) is 360 metres and a depth of just 253 achieved on 26/10. What is encouraging is that the casing is upto 224 metres, which indicates that they have possibly now passed the challenging caprock (also highly porous / water asorbant) by taround 30 metres or more. Now can we can hopefully drill onto the diorite intersect soon, with no further unexpected delays.

Selling encouraged? the bid price moved up on such small volumes .

Ad3adlyfart For the proverbial 'big fish in small pond' AW is learning the drawbacks to this size holding ie. he cannot trade this, however small (but can short?) without the TR-1. Then he has to put out some explanation on his blog. He does state he will always issue TR-1's 'promptly' - most likely because he knows that his social media 'followers' won't be so enamoured with him when his actions cease to back up his words.

On the positive side AW does file his TR1's promptly as promised

Ad3adlyfart Do you still hold your 'rose-tinted 'view of AW?

When someone this hold size buy or sells it makes an impact regardless. AW is only looking after his own interests and is not acting for other share holders, as he may like them to believe. I've always been suspicious of the social media term: 'followers' - sheep also 'follow'.

Sly dog has increased his holding back to 9.1%

On theory might that be is that he has finally been offered a directorship at gwmo. That would explain why are posts referring to gwmo have now been removed from his twitter account & his company website.