Member Info for pitstok

With energy crisis at the top of BNP’s agenda, Tuku (open-pit coal advocate) as new Power Minister makes early govt dialogue with GCM/PowerChina on Phulbari highly probable imv.

First sign of talks = likely RNS catalyst.

This is moving fast.

Wow, what an endless flow of carp from the derampers flooding the board last night and this morning. Same old agenda, that doesn't change, but real story has never been better. BNP dominance changes the game for Phulbari/GCM. Short term price fluctuations post placing are a gift wrapped op imv.

The last big panic was “PowerChina’s holding us at 6p to buy us cheap.” Total nonsense. Now the new favourite scare is “oh no, a feasibility study on another deposit!”If anything, that’s bullish for GCM. Phulbari remains the biggest (572 Mt), shallowest (open-pit ready), highest quality (top calorific value), and fastest to mine resource in the country. Any new FS on a different deposit just proves the government is doing its homework on coal, yet they still have to start from scratch on something smaller, deeper, slower, and lower grade, when the obvious best option is already sitting there with feasibility done and PowerChina backing. It doesn’t weaken Phulbari it highlights why Phulbari is the logical first choice for meaningful, quick domestic energy production. So thanks for the very bullish points, keep them coming.

@Moneyman64 et al

I think you have your mental setup all wrong, like so many others in this section of the market who continually vent their anguish at not getting what they want, in what I might add is a very undignified and childish manner. This is junior exploring, high stakes gambling, full of risks, dilution, delays. You should go in expecting to lose your money. Paradoxically, that's the winning mindset. The upside, if it hits (discovery, JV, commodity boom) can be huge and that's why I'm still here after 10+ years. But constant whinging and childlike displays of frustration are undignified and pointless. It shows a mindset unsuited to the game. Show some backbone while you wait or sell and move to a steady tracker where it is fair to expect a return on capital.

Impressive strength today. Sellers a bit noisy too. Ho ho.

Nurse!

There he is : )

Smart to strengthen position now. It secures working capital before tomorrow's election. No warrants attached to placing shares (broker only). BNP looks favoured, but elections always carry potential for unpredicted outcomes. Good defence imv.

This rise has been unusually (for GCM) orderly. I don't expect it to stay this way. Get ready for hyper volatility imv.

Professional bashers are a thing. Focus on the prize, ignore the noise. Brand new account attempting to spread FUD today? Bullish.

Phulbari's huge overburden from open pit mining could supply cheap local materials for the 4 lane highway, a perfect synergy if GCM's project gets the green light post elections. Win/win for infrastructure and energy security.

We're in the foothills of the big one. Long time in the making this.

No doubt. They just opted out of mentioning it directly. Which is probably wise.

Yup, no mention of coal, which isn't really surprising and may explain the flurry of sells that stopped the momentum in its tracks. For now...

Https://www.bnpbd.org/manifesto?language=en

Sideliners praying for sellers right now.

Anyone selling here will be extremely lucky to get their place back without paying a hefty premium. imho.

I remember watching this rising 50p per day on pure sentiment. GL seems closer now than ever.

We shouldn't underestimate the importance of Tang in navigating Phulbari's political hurdles. His Malaysian/Chinese heritage, prestigious Datuk title and extensive Asian networks build instant rapport in Dhaka and Beijing, sidestepping the 'foreign exploiter' stigma that a purely British CEO might invite.

He's the essential bridge to securing the Greenlight imv.

And patience, lots of patience.