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The other most sensible thing I have done today is to now use the filter button!

This bb needs good healthy sensible discussion, not rudeness, of which you seem to be very good at!!

May be I’m reading too much into this…. But is there a hidden message here I wonder!! 🤔

“Hasina said that for the socioeconomic development of the country, the government must take on development projects.

In this regard, she asked all to remain cautious while taking on any kind of development project so that the government could attain its goal.

She mentioned that due to global conditions, the country is having some pressure on the economy. Otherwise, the country was moving fast towards prosperity.”

https://thefinancialexpress.com.bd/national/focus-on-rural-dev-along-with-infrastructure-pm-hasina-tells-ecnec

Thank you for your comments, and yes redeyes, I do totally agree that the last part of the post with reference to the recent volume over the last few months tells it own story… as the chart posted shows, the volume in March has been MASSIVE, and it’s many years (from memory) that we’ve had anything like this sort of volume traded … as I say, this in its self tells its own story ….

Looking forward to the week ahead … so much news and further interest I’m sure will be shown sending us higher in a controlled manner that we’ve recently become used to :)

COMEoVERhERE, hahhaha, I very much doubt that you know any more than the rest of us as to who the new people will be, that would be classed as insider trading -:)

Yep, i know, looking back at it, the post is too long... SORRY -:) .... the important parts for me are the first part about Harsul Hamid and the last part about the trading volumes ......

FINALLY >>>>>>

If you need any more indication that there is change in the air, just look at the volume traded since the end of last year….. you have to question if has someone has been accumulating and building their position knowing that there may be a positive outlook ahead, hopefully we will be updated with some holdings RNS’s in due course…..

November – 12 million (Double normal volume from the previous months)

December – 24.13 million

Jan – obviously not trading

February – 79.56 million

March – 105.19 million (traded So Far)

GCM RESOURCES PLC GCM Trade recap - Stock | London Stock Exchange

That is just massive turnover compared to the rest of the year!! (FACT lol)

GL all what ever you decide …..

There are many other links and articles with Narsul Hamid discussing using the countries OWN coal resources, just have a read back on LSE, GCM board over the last few weeks, I stress all the opinions within this post are obviously mine from the links shown, and not meant as a ramp, but I honestly believe that GCM have never been closer to getting the green light, even all of the recent company RNS’s indicate this as well… a couple of links below …

1) Final End of Year Report – (Probably the most detailed and positive ever)

https://www.lse.co.uk/rns/GCM/final-results-for-the-year-ended-30-june-2023-mbppkize9au4ebz.html

2) “Power China” “Phulbari Coal Mining Infrastructure Construction and Overburden Stripping Contract”

“The Company advises that working under the coal mine development MOU with Power Construction Corporation of China, Ltd. ("PowerChina") (refer to RNS of 28 November 2023), it has signed a contract with PowerChina International Group Limited covering mine development works of approximately US$1 billion necessary to facilitate coal extraction at the Phulbari Coal and Power Project ("the Project").”

“A joint proposal with development partner, PowerChina, will shortly be presented to the newly elected Bangladesh Government.”

“Coal Supply Expressions of Interest:

The Company has received Expressions of Interest to purchase Phulbari's coal from both of Bangladesh's current Independent Power Producers, being SS Power Limited that operates the 1,320MW Banshkhali power plant and Barisal Electric Power Company that operates a 350MW unit at Barisal (with plans to add an additional unit). These represent some 27% of the present market.

“Bangladesh currently has 6,035 MW of installed coal-fired power generating capacity with a demand for some 16 million tonnes of coal per annum, i.e., equivalent to the Phulbari coal mine's planned production. However, the long-term government plan shows an increase in coal-fired power to 11,830 MW which would require some 36 million tonnes of coal per annum.”

The current coal-fired power plants include:

· Existing Barapukuria plants 525 MW

· Payra 1,320 MW

· Rampal 1,320

· Matarbari 1,200 MW

· S ALAM Banshkhali 1,320 MW (Independent power producer SS Power)

· Barisal 350 MW (Independent power producer Barisal Electric Power Company)

https://www.lse.co.uk/rns/GCM/phulbari-coal-mining-infrastructure-contract-se8gl4nk3mhb9ng.html

Here is a video (link below) with Hasina in it that I believe was overlooked at the time because of how many posts were being posted, but below is some of the transcript, I do believe that in a country like Bangladesh that the person who made it would not have done so without having permission to do so from a higher level??

“Bangladesh has discovered a wealth of minerals that, while not gold, are even more precious. The country's geological features have endowed it with various types of natural resources, forming the backbone of Bangladesh's economy. If these mineral resources are harnessed effectively, Bangladesh could emerge as one of Asia's economic powerhouses.

"*Coal Reserves:*

Coal abounds in Bangladesh, with pit, lignite, and bituminous coal surpassing that of many other countries. Approximately 2 percent of Bangladesh's total energy production is derived from coal. Currently, five coal fields have been identified, with a combined reserve of 3,000 million tons. Additionally, Sylhet yields 1,800 barrels of unrefined oil daily, which is then transported to Chittagong for purification."

https://youtu.be/VJWB7iU9NLw?si=YjYyI16BUgawQvhG

(Posted by Papi) 'Pulbari holds $83 billion worth of coal and $17 billion worth of other resources' the company has told us it will take 2 years to strip the overburden and get to first coal, so my simplistic first thought was, so if we roughly dig a third to start there is going to be almost $5billion in cash flow in the first 2-3 years before we even get to the coal, So I checked it out with someone who would know how this works though mine was a simplistic view it was on the right track the way the overburden business actually works is it would be stripped over the 30 year mine life it's an ongoing process a pro rata

Can the country really afford to continue to import??

Country’s foreign debt hits record $100b 23 Mar 2024

Country’s foreign debt hits record $100b, they simply can’t afford to continue to import energy in the way that they do, when they have alternatives and could use all their own resources imo

https://www.dailymessenger.net/business/news/15744

I will apologise for the long post, BUT I think that its important that we look back at some of the recent FACTS, this is not RAMPING, its highlighting the FACTS from various articles and videos over the last few weeks!!

Firstly, and one of the most important things to highlight, the BBC interviews from Hasrul Hamid, (posted by Pappi), Do you really think that Nasrul would be going onto national radio giving this interview and his opinion about Phulbari and OPM, if he had not already had an indication from the MP that mining their own resources could go ahead, if he did, imho he’d be very brave because, he could be making not only himself but Hasina look very foolish, IF she was now to say no!

New open pit coal mining initiative in Bangladesh – Put to the PM in April

“BBC Bangla has learned from the State Minister for Power, Energy and Mineral Resources Nasrul Hamid that a proposal based on various surveys and feasibility studies conducted in the country's coal mines will be presented to the Prime Minister by April and approval will be sought.”

The future of Bangladesh's coal resources will be determined on the basis of the decision that will come from the higher level after analyzing the proposal. If coal extraction is approved at this stage, it will be possible to lift coal within the next three years by starting mining work. (The only mine that has any chance of starting mining within 3 years as I understand it is Phulbari with OPM)

Recommendation for open-pit coal mining

“The state minister told BBC Bangla that among these three, Phulbari can be made open pit and the remaining two are underground”

It is surely not a coincidence that the State Minister for Power, Energy and Mineral Resources Nasrul Hamid told BBC Bangla the above AND that in the GCM’s Final Results they say .........

"we are in the strongest position to engage with the newly elected government within the 1st Quarter 2024 and deliver the Project Proposal which includes a large-scale Solar Power Park as an adjunct.”

They must of been listening to us …..

Another failed attempt to tame prices

https://www.thedailystar.net/opinion/editorial/news/another-failed-attempt-tame-prices-3573186?amp

Article from Jan 22, 2024

Matarbari coal-fired plant's second unit on test run

"The Matarbari power plant on the offshore bay island will require around 10,000 tonnes of coal daily to generate electricity to its full capacity, and 3.73 million tonnes a year."

https://thefinancialexpress.com.bd/economy/matarbari-coal-fired-plants-second-unit-on-test-run

Https://www.daily-sun.com/post/740419

The foreign exchange reserves of Bangladesh Bank have fallen by $70.7 lakh in the space of just one week, the central bank said in a weekly update on Thursday.

Last week, after settling the bills of Asian Clearing Union (ACU), the foreign exchange reserves stood at $19.99 billion dollar or Tk1,999.77 crore, as per the IMF accounting manual.

Even though the ACU bills were already settled, the reserves fell further in the next seven days, reaching Tk1,998.96 crore on Thursday.

LCountry’s foreign debt hits record $100b, they simply can’t afford to continue to import energy in the way that they do, when they have alternatives and could use all their own resources imo

https://www.dailymessenger.net/business/news/15744

Just thought I’d do some research for GCM and PC, just save them some time 😂😂😂😂

https://eu.ironplanet.com/jsp/s/search.ips?c=1624&mode=2&pageType=category&featuredHeader=true&headerContentId=139320&customMetadataId=1641&iprefoh=www.ironplanet.com

Doze, you are of course right mate, I’m just trying to manage my expectations of each stage and keep my feet on the ground ….

But in truth, I actually feel like I’m a kid in a sweet shop and getting really excited 😂😂😂😂

Personally I think that the Ned news will be a good thing to help us push us on through the 10p resistance that we have at the moment which has to be a positive, and then once into double figures who knows where we will head, but I guess that will be very much news led …

Would be interesting as well if at some point we got a couple of holdings RNS’s to show us who’s been doing all the buying recently, this volume surely can’t just be Pi’s 🤔

Adamk87 , it will be interesting to see if we get some more after hour trades later

Applebee, that was the price that was paid at 14.46pm

There's another of 100k delayed trades popped up

Still rough mate, I’m never drinking again 😂😂😂

Hopefully we can have another go at 10p before the weekend