Member Info for pitstok

No such thing as a final top up Grundles.

You won't get a straight answer from these types. Years of broken promises have left them bitter, scarred, and poorer. So now they sit glued to their screens, reflexively spewing pessimistic bile at their true enemy, optimism itself. The pessimism has become almost ritualistic, any hint of hope, no matter how well reasoned, feels like a personal attack on their hard earned cynicism. But grim as they are, you have to accept them. They're not going anywhere. They're a permanent feature of the game - the bitter spirits of traders past.

More importantly though, GLR has genuine 10+ bagger potential. Like much of the junior copper sector, its market cap remains stubbornly asleep, completely failing to price in the new paradigm of structurally higher copper demand, tighter supply, and a wave of M&A sweeping through the space. When the penny finally drops, the rerate won't be gentle.

Premiums over 25k. Feels ready to pop.

That so much effort is being put into gaming this lse bb to continually get posts removed on little old GCM. 5 already today.

Very nice dip. Just bought it.

Nice one Shouston :)

Shouston,

There was a palpable sense that all the directors were under strict instructions from above to remain tight lipped. IMV Mr Shackleton performed exceptionally well, he came across as very likeable, as open as circumstances allowed, suave, and thoroughly impressive.

Wishing you the very best whatever path you choose.

The MoU with PowerChina has always been a non binding framework agreement, renewed annually and largely a symbolic statement of intent, signalling continued interest in broader collaboration. Far more substantive is the binding $1 billion EPC contract signed in March 2024 for mine infrastructure and overburden removal. This is a full commercial agreement that stands entirely on its own. It does not expire annually, requires no renewal and there has been no suggestion whatsoever of any issues with it. It remains fully in place, keeping PC contractually committed to the critical first phase of mine development. At the AGM Tang reiterated that the relationship with PowerChina remains strong, providing real credibility and security to the project. The board seemed rather surprised at how much weight shareholders were placing on the MOU prompting Gary Lye to highlight the EPC's far greater importance in comparison. That said, discussions on the MOU renewal are ongoing, with resolution expected soon. In short the MoU lapse is, imv, a minor administrative matter compared to the solid foundation provided by the EPC contract. Ultimately though, nothing meaningful advances without Bangladeshi government approval, as ever. So it's all about patience and keeping an eye on the smoke signals for early hints of progress to get a jump on the pack pre-blast off. Two months to go and I think it's going to heat up, just slightly, cough...

I had a productive discussion with a couple of directors today following the AGM. They conducted themselves professionally and remained appropriately reserved regarding the ongoing developments. Like all of us, they recognise that the coming months hold significant potential for GCM, so let's see how things unfold. Also it was great to meet some other shareholders, exciting times ahead.

Love the shakes.

Absolutely. Low vol shaking today. Keep adding on ops when they present if you're a bull.

44 trading days.

Tick, tock...

The optimists here only have to be right once.

NT over 10k shares

"...so he then explained about manipulation with the SP and that no one would be able to explain what was happening …"

I think Searcher nailed this script on the 6th October.

Dhaka is openly framing domestic coal as the urgent economic lifeline, and everyone knows Phulbari is the only ready answer. Bull case has never been stronger so 20p+ can arrive in the blink of an eye the moment the market wakes up. Price action is strengthening, profit takers are being warmly welcomed and rinsed of their stock. The quiet accumulation phase is ending.

Relentless pro-coal headlines in Bangladesh, the strongest company messaging in 20 years, and cash confirmed to July 2026. Golden entry here for anyone wanting in whilst the market snoozes.

Tang is all in, quite simply.

Morning Goonerpete, it's a grim market out there, everyone hugging cash and watching their portfolios bleed. But today's update is the real deal with Dhaka now writing GCM’s story for them. I expect buyers will come back here when fear flips to greed again. Open goal down here now I think.

This is the most positive official update GCM has been able to publish in almost 20 years. For the first time the Bangladeshi state is publicly saying “we need our own coal and Phulbari is the logical project”. The policy framework has flipped from hostile/indifferent to actively supportive. Plus we have a cash runway to Q3 2026. The next 6 months could be wild.