Member Info for Pappiklon

Whilst I believe that mining own coal will be prominent in the upcoming energy roadmap, I am kind of hoping Phulbari will not be mentioned specifically by name....reason being I believe it's best to keep a low profile in the press till after the elections otherwise its has the potential to be used as a political issue pitting one party against the other with the loser being us.

Bangladesh elections are a powder keg and already volatile as any bd press reader is aware

I normally attend and report back but not this year am on a long haul flights that day, shame as I find going and chatting with the Directors can be rewarding.

If anyone hasn't been before most of the directors are open and engaging for questions after the AGM biz is concluded.

Traditionally price rises when I am on long haul flights :-)

IP. If you use a broker that gives you DMA (Direct Market Access) you can place a limit order to buy or sell in the auctions at 8.50, 9.50, 10.50 and the closing auction pre 4.30. So I can put a buy order direct onto the bid/ask at those times

There is 326500 non mm on the bid at 6.5 pre open visible on l2. Yet 150,000 at 6.50 showing on the offer. No uncrossing trade happened. They dropped over 700,000 yesterday while only showing 150,000 on the offer at thst price. Another day when the most u can buy at once at 6.5 is 30k.

Someone trying to stop us rising here, wonder how much they are willing to sacrifice before the dam bursts

What a load of tosh, there is no lottery for the project, GCM's subsidiary holds the licence to mine already, all that the need is approval for the submitted scheme of development.

If you are going to try scare tactics for any potential new investors try basing it on facts not made up fiction.

Facts on Licence below with link

 "In February 1998 the Contract was assigned to GCM’s wholly owned subsidiary, Asia Energy Corporation (Bangladesh) Pty Limited, with the endorsement of the Government. GCM has fulfilled all its obligations under this legally binding Contract and holds a mining lease and exploration licences in the Phulbari area covering the prospective mine site. Under the terms and conditions of the Contract, a mining lease has a 30 year term (from 2004) and may be renewed for further periods of 10 years (GCM’s option)."

https://www.gcmplc.com/phulbari-coal-project/project-description/location-ownership

Life is too short to waste.

Another filter job.

Thats a great article and pr tool against the nay sayers, expect to see rampal efficiency and environmental example mentioned more in the coming days as the press incrrasingly publishes articles that are pro mining own coal and the resposible utilisation of super critical power stations. Wouldnt surprise me if Rampals efficiency and environmental qualifications are mentioned in the upcoming energy roadmsp

At an anoymous posters request , just a reminder that every seller has a buyer too, have scooped another 150k in UT's today, so though they show as selling there was also me buying...even more

Real price 5.2:5.6, big drop in spread, The 50k at 5.60 was mine

Https://www.tbsnews.net/bangladesh/politics/tarique-return-november-salahuddin-1268376

Looks like we are in the perfect storm.

https://www.zoomnews.in/en/news-detail/imf-halts-800-million-loan-tranche-for-bangladesh-puts-pressure-on-yunuss-interim-government.html

Thanks Searcher read it earlier, excellent piece on coal and the reality of where the ECO 'revolution' is taking us. Got to thinking If the worldwide coal supply is depleting, high quality coal, like Phulbari coal, 'still essential to make steel, concrete, silicon wafers etc' is going to be increasingly valuable and sought after. Phulbari coal is most likely going to be a target for lots of forward thinking big players, and they know how to get what they want and have no scruples in how they do it.

It's back working now (L2). Where is everyone today? our 1m buyer now at 920,000 having taken 80k in Fridays closing auction. couple of 'chunky' trades this am.

Isn't working on LSE. Anyone know if thats across all providers or just LSE

1,000,000 on the bid at 6.6, getting interesting, new buyer, accumulator, shennaniganger, more to be revealed. Loads of news in the pipelne, current share price is irrelevant imho in the greater scheme of things

You're obviously someone who does their own research, I do too, and I think you could be spot on. Let AI be your friend

i am sure i saw an article on bangladesh wanting to godigital with data centres etc. they will need a consistent stable electricity supply, just like we recently found out the roopur nuclear ‘siberian model’ facility will too. all these things are going to massively increase demand for stable electricity supplies and they dont have that now

“growing interest in artificial intelligence and data centers” has spurred a new surge in electricity demand that is keeping coal-burning plants open past their scheduled closure dates. the trump administration is augmenting that by designating $625 million in funding to keep plants in operation, opening 13 million acres of land to mining and repealing “dozens of regulations” designed to curb coal pollution. if america does not “lead in electrical production, we’re going to lose the ai arms race,” said interior secretary doug burgum. the new policies merely “prop up the aging and outdated coal industry,” said the sierra club’s holly ******.

https://theweek.com/business/economy/trump-coal-revival

Had a niggling doubt that what was being posted, and I may have been guilty too, was that the 'Integrated Master Plan' that they have been working on would be presented in December, just went back and checked and he actually said 'it should be completed by December' - not in December.

Here are exact words - Energy Minister

"We also have coal reserves under ground. We are preparing a document that will allow the next government to proceed with coal extraction. "

"We must diversify. We cannot put all our eggs in one basket. We will use gas, coal, solar, nuclear, and also improve logistics to bring down import costs. We are still working on updating the integrated master plan, and it should be completed by December. Once it’s done, it will provide a roadmap for the power and energy sector."

Importance to us is it brings forward the news timeline by up to 4 weeks

Positive media out of Bangladesh and the increasing awareness that the Phulbari mine is going to get its scheme of development approved and be able to commence operations.

KnC, GCM holds the licence to mine at Phulbari with the government, not an MOU. The licence was originally negotiated with the then government with UNDP participation on behalf of the government. Thats legal and solid

And the guy being interviewed is described among other things as being an environmental analyst as well as a mining engineer. Both the interviewer and interviewee are clearly saying get on with it, mine at Phulbari. A lot of good info in there. More and more media coverage of the benefits of open pit at Phulbari. I would say more positive coverage in the past few weeks/months than in the past decade

Nice