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Https://www.tbsnews.net/bangladesh/pm-hasina-calls-china-visit-pivotal-moment-bangladeshs-diplomatic-endeavours-899226

I should of added, that although as you say none of us really know what’s going on here at the moment, I am still very confident that something is, and that it's positive which is why we are still being controlled as we have been since the beginning of May, and kept in the 5 to 6p range, and also that there was still someone sat on the Bid on Friday very happy to take over 1 million shares for above 5p ….. I did not try a dummy sell myself because I was too nervous of making an error and selling by mistake, but I know a friend of mine that did try this just to see if the buyer was still there, and they were…

So now we have to ask why someone is trying to get hold of so many shares if there is nothing going on in the background with Phulbari!

As you say Lifesgoody, none of us know what was discussed in China by PM Hasina, President Xi, or come to that Power China with reference to Phulbari…..

As has already been said, I am sure Phulbari would have been discussed in some format, but the main reason for trip to China probably had nothing to do with Phulbari in the first place other than many be lining up some of the ducks that needed to be put into place for it to hopefully be given the go ahead in the near future…..

Now PM Hasina is back and completed all her discussions with India and China, maybe she will finally once again take some time out to go over the Phulbari OPM presentation in more detail, because from the press reports today and reading about the taka and US dollar crisis getting worse, she now needs projects like Phulbari to happen more than ever!!

Agree doze, there is no way China would of just signed 21 MoU’s which from memory are worth about 5 billion if they thought that they were idiots

She departed at 10pm arriving home at 1am, so she could be home with her ill daughter, who was actually supposed to of gone on the trip with her, rather than leaving the following morning, and so I would say that the Indian press are trying to make something out of nothing......

"As a mother, the Prime Minister has decided to go to Dhaka instead of spending the night here in Beijing, after completing all the official programmes," added the foreign minister.

https://thefinancialexpress.com.bd/national/pm-hasina-returning-home-early-from-beijing-to-spend-time-with-ailing-daughter

ManuDave, this article may well be factual, I am not sure mate, but personally I would be careful how much you read into the article, because it is an Indian paper, am I am sure that they would love to put as much of a negative stance on the meeting between Chinese President Xi Jinping and PM Hasina as they possibly could

475K delayed buy from today

12-Jul-24 16:37:30 5.285 475,000 Buy* 25.10k

Recalibrate88, yep, all very frustrating tbh, but I guess you have to take your hat off to who ever it is that has been controlling this share price, especially since the beginning of May, because as we know, we have not been able to move out of the range of 5 to 6p no matter how many millions of sells or buys have been traded. The only trouble now from a shareholders point of view is that it’s got to the stage as we can see form the volume being traded, that they have won and no one is interested in trading GCM in mass anymore, so their job is done and they have accomplished what they set out to do imo, so until we get firm news from either the company or in the Bangla press stating Phulbari and OPM we are now stuck where we are now!

BUT, someone has gone to a lot of trouble to keep us in this range, and I honestly do not believe it to be for negative reasons. It was really interesting to read the posts from doze and redeyes last night…. That really could be a way of this moving forward where it’s a win win for everyone involved….

Surely now Hasina is back from China, this is one of the projects that should now be high on her agenda to be look at, I guess we will find out soon enough...

Joint Statement between the People’s Republic of China and

 The People’s Republic of Bangladesh on the Establishment of

 Comprehensive Strategic Cooperative Partnership

https://www.fmprc.gov.cn/mfa_eng/zxxx_662805/202407/t20240711_11451960.html

Interesting comment there …..

“reiterates Bangladesh’s commitments to protecting the security and legitimate rights and interests of all foreign investments including the Chinese projects and personnel in Bangladesh’”

I should of added, as has been said many times on this board, the company made it very clear at the AGM when the question was raised, that they were not interested in a T/O, and that they saw themselves taking the project forward themselves ….

In very basic terms….

Announcement: - Bidder announces intention to make an offer.

Offer Document: - Detailed offer document sent to shareholders.

Minimum Price: - Offer price must be at least the highest price paid in the last 12 months.

Board Recommendation: - Independent advice and recommendation by the board.

Shareholder Decision: - Shareholders decide to accept or reject the offer.

Conditions: - Offers can be conditional or unconditional.

Rejection: - Shareholders can reject the offer.

Compulsory Acquisition: - Bidder can acquire remaining shares if they reach 90% ownership.

Post-Acceptance: - Processing of share transfers and payments.

Https://www.tbsnews.net/bangladesh/energy/energy-power-struggle-175b-dues-896911?amp

She thanked China for supporting the country’s economic development, saying the country would “actively participate” in the Belt and Road Initiative, and welcomed China’s backing for the country’s plans to become a developed nation by 2041.

https://www.scmp.com/news/china/diplomacy/article/3269975/china-and-bangladesh-pledge-fight-external-interference-and-boost-economic-cooperation

From this morning’s trading, I think that I have now resigned myself (in a positive way) that until we get some real news that’s confirmed by either the company, or Phulbari OPM has another positive mention in the Bangla press, this pattern will continue to happen and the range kept, as it has done since the beginning of May!

It has all been the same routine, rinse and repeat. Sit the bid at between 5 / 5.25p, absorbing all the sells for however long it takes, and then on any positive news where we have a higher volume of buyers such as yesterday, let the offer rise to, 6 / 6.25p … Hold the price and then when the buying stops, drop the price back again to the 5 / 5.25p and start the whole process all over again!

As I say, this has been happening since the start of May, what’s is the real purpose of holding this range, I have absolutely no idea, but I do feel very positive that good news is on its way soon, because as SGbaby said earlier, if there’s no good news coming, then the SP would not be supported where it is and would naturally just fall back to the 1p area …

Lets see what happens this time around….

Recalibrate88, no idea.... you could also ask, why are we now in an Auction ?

SGbaby, you took the words out of my mouth hahahaha

I remember back to earlier in the year just after the Power China contract was signed, a well respected poster from another board coming on here, to say what great news getting the PC contract was, but now in the coming months you are going to need nerves of steel to hold, because they will try every game of deception in the book at you to try and get your shares from you…. Well he was not wrong!!!

No matter what volume buys or sells, has been thrown at GCM, since the beginning May, we have not been allowed to move out of the range of between about 5 to 6p …… this control is defiantly not normal, and imho has been for a very good reason that only the powers that be know why….

Now to the million dollar question…. WHY!!!

Well it’s all the press, so let’s hope it is connected…

13. The MoU on Cooperation on Green and Low-Carbon Development.

https://www.banglanews24.com/english/national/news/bd/151144.details

Could this be connected to Phulbari I wonder ?

The MoU on cooperation on green and low-carbon development.

https://businesspostbd.com/national/dhaka-beijing-sign-21-instruments-announce-7-projects

Nice new promotional video of the Payra coal plant, how they have worked together with China and what’s its done for the area local area to resolved their energy needs

https://youtu.be/YX3PwUHl_5A

Sorry about the English in that post, its terrible lol, I knew that I should not of tried to write it on my phone hahaha, but I am sure you get the gist of what I am trying to say lol