Member Info for mankiniparty

That has to be the shortest impact we have ever had following a fund raise at GCM. Usually affects us for 2-3 weeks.

Bodes well it only held us down a couple of days 👍

GCM Resources Plc's share price jumped by approximately 19% today, January 21, 2026, due to speculation regarding an imminent approval for its Phulbari Coal and Power Project in Bangladesh and reports that the Bangladesh government may exit a power deal with an Indian firm. This news has heightened investor interest, building on previous positive momentum from late 2025 and earlier this month.

Key Insights

Project Potential: Investors speculate that the energy crisis in Bangladesh and the need for domestic energy sources may push the government to approve GCM's Phulbari project, which has been stalled for years.

Government Policy Shift:

A shift in government sentiment towards using domestic coal resources to reduce dependence on expensive imports has generated significant optimism.

Political Context: Upcoming national elections in Bangladesh in February 2026 are seen as a potential catalyst for the new administration to finalize energy-related decisions, possibly favoring domestic extraction projects.

Trading Activity: The price surge occurred on significantly elevated trading volume, more than triple the average, suggesting strong market interest.

Don’t expect for one moment that Phulbari will be specifically mentioned in any manifesto’s.

Extraction of their own domestic resources is the best we are likely to see, which is good enough, as Phulbari is the only project ready to start tomorrow 👍

Domestic coal mining is expected to be a key, though debated, element in the 2026 Bangladesh election manifestos. While major parties have historically supported coal extraction to reduce import dependency, the 2026 political landscape shows a shift toward balancing this with climate commitments. 

BNP (Bangladesh Nationalist Party) Stance

The BNP’s 2026 platform, rooted in its 31-Point State Reform Outline, emphasizes energy sovereignty. 

* Resource Utilization: The party has explicitly pledged to explore and utilize "neglected" domestic gas and mineral resources, which includes domestic coal, to reduce reliance on expensive imports.

* Climate Balancing: Simultaneously, the BNP is under pressure from its youth and environmental wings to prioritize climate protection. Party advisors have stated they will not support projects that "destroy the environment," suggesting any coal mining proposals may be paired with strict environmental safeguards.

* Sovereignty Argument: Party leadership has recently framed the use of domestic coal and gas reserves as a matter of national sovereignty against external conspiracies. 

Interim Government and New Parties

* Master Plan 2026-2050: A new 25-year energy master plan submitted in January 2026 faces criticism for continuing to lock the country into fossil fuel infrastructure, including domestic coal, despite global energy transition goals.

Stupid bones wrong again 🤬

After casting the bones this morning, they say blue finish today.

Dem bones 👍

As of January 2026, the extraction of coal from the Phulbari project in Bangladesh remains uncertain but is under renewed consideration by the government. While there is no official "green light" yet, several factors have shifted in early 2026:

Current Project Status

Government Reconsideration: The Bangladesh government began a "meaningful" shift in energy policy during 2025, with increasing support for using domestic natural resources to reduce the cost of imported energy.

Awaiting Approvals: GCM Resources, the company managing the project, continues to wait for formal approval of its Scheme of Development. As of January 17, 2026, the project is still in the "permitting stage".

Election Impact: National elections are scheduled for February 2026. Proponents of the project hope an incoming administration will finalize the decision to extract coal to address the country's ongoing energy crisis.

Key Developments in 2025–2026

Funding Actions: On January 16, 2026, GCM Resources raised £1 million to fund working capital as it continues to push for project approval.

Policy Support: In late 2025, officials from the Bangladesh Investment Development Authority (BIDA) noted that they are preparing a roadmap to allow the next government to proceed with coal extraction, emphasizing the need for energy diversification.

Partner Readiness: GCM has deepened its partnership with PowerChina to be ready for immediate construction if approval is granted. Some industry profiles suggest construction could begin as early as 2026 if permits are issued.

An £8 share price would certainly become the cards at full ramp up Bythesea. 5+ years from approval.

I remember the Cazenove broker note predicting £16+ back in the early days

Probably more accurate than your advice to sell GCM at 1p Owl. 🤡

I’d probably take that 😂

“GCM Resources has conditionally raised approximately £1.0 million through a placing of 16.7 million new shares at 6 pence each, a 20% discount to the previous closing bid price, to strengthen its working capital position. The funds will be used to cover corporate overheads, legal and advisory fees, and general administrative costs as the company continues to advance its Phulbari Coal and Power Project in Bangladesh, where recent political and policy signals toward greater use of domestic coal resources are seen by the board as supportive, though not yet decisive, for the project’s prospects; the placing shares will represent about 4.72% of the enlarged share capital, with admission to AIM expected on 21 January 2026 and additional warrants issued to Clear Capital as compensation for its role as sole bookrunner.

The most recent analyst rating on stock is a Hold with a £8.00 price target“

We finished higher than we were at the started out this week.

We’ve now got the placing out the way too

Only 18 trading sessions before election day & campaigning commences next week 😁

Its all part of the same seam.

The government was planning an open pit pilot project at Bara once upon a time. We did think on here that we may be involved in that. However, it all fell by the wayside after a lot of resistance i believe.

Another plan was/is to open pit Bara & Phulbari at the same time. Backfilling from one into the other. Thus reducing the mines footprint. Theres probably articles on it within the decades of news articles. Searchers probably got a copy on his fridge 😂

😂 why do you even rise to it searcher

Don’t disrespect the bones MuD 😂

Thank you Charty McChartface 👍

I heard Warren Buffett was monitoring your trading activity Grundles

Thanks for update. 👍

I think a few people need to re-read, or actually read the final results from GCM.

Pay particular attention to the part where PC signed off on an EPC contract with GCM earlier this year.

100%. Well said Simon. Be careful though. The Wolfpack will gang up on you with that sort of opinion 😂

Fear not, It’ll rocket before the election. Just over 60 days to go. 😃