Member Info for Searcher

Cybertron, you really need to do some more research….

It’s been noted many times over recent times, that the people are not and never were really the problem….

In fact, if you research and go back to 2005 / 2006 it was not the people that were the problem, it was the corruption in the Bangladesh government, and probably India as well and that’s why it never got the green light previously, NOT due to the people 🙄

Times are very different now, there is a new government in power who have already said that they are going to use their own coal…

They are now finalising their 100 and 180 day plans and are in an energy crisis which will probably be worse than they have ever seen before, so they are going to need to use ALL their own resources, coal, open pit mining, and underground, as well as, gas renewables etc etc ….

This is now all going to happen very quickly and decisions made soon imo, because they cannot carry on with some of the exorbitant prices they are now paying to import fuel ….

I’m sure this meeting will be to discuss diesel petrol oil etc… but you never know Phulbari may get a mention 🤞

https://thefinancialexpress.com.bd/national/politics/bnp-standing-committee-to-meet-saturday-night

A BNP Standing Committee member, requesting anonymity, said the meeting will discuss the latest political situation in the country, the energy crisis and several organisational issues.

Https://www.investegate.co.uk/announcement/rns/gcm-resources--gcm/interim-results-for-the-6-months-ended-31-dec-2025/9499073

Govt needs extra $3 billion for fuel imports by June

Bangladesh imports approximately $12 billion worth of fuel annually, including LNG, refined and crude oil, LPG, and coal. According to the Energy and Mineral Resources Division, 26.74 percent of the country’s primary energy is derived from natural gas, followed by biomass (22.99 percent), imported coal (19.13 percent), fossil fuels (11.36 percent), LNG (10.83 percent), imported electricity (3.3 percent), LPG (2.6 percent), and renewable sources (2 percent).

https://en.bonikbarta.com/business/Eilk3Jr2wyWuCC3I

Interesting statement by the The Energy and Mineral Resources Division .......

"and mineral resource development, are currently under implementation or in the approval pipeline"

" boosting domestic resource extraction "

The division noted that a wide range of projects, including oil and gas exploration, pipeline expansion, LNG infrastructure, refinery upgrades and mineral resource development, are currently under implementation or in the approval pipeline.

In its concluding remarks, the Energy Division stressed that ensuring stable energy supply, boosting domestic resource extraction and managing import dependency require "immediate and adequate budgetary support".

https://thefinancialexpress.com.bd/economy/bangladesh/energy-plans-strain-under-budget-constraints

Govt to reprioritise foreign-funded projects in line with election manifesto

https://www.tbsnews.net/economy/govt-reprioritise-foreign-funded-projects-line-election-manifesto-1396226

He said in the context of the current global crisis – marked by war, fuel shortages, and supply chain uncertainties – the primary objective must be to maintain economic stability. "Consequently, projects related to food security and energy security should receive the highest priority."

🤔

Just my opinion, but after going through the numbers, I’m now pretty confident we’re right at the end of the placing overhang.

• The 6p placing was cleared quite quickly, but the latest placing at 8.2p has taken much longer to work through, because it was very much unexpected, especially with its timing and the pricing, but that said, I think it now that appears to be very much done.

PEEL has almost certainly been the main MM throughout….

• Controlling both the bid and the offer

• Feeding stock into the market but ensuring the SP stays above 8.2p

Based on trading patterns, it’s taken roughly 3 to 4 x the placing size (15.3m shares) to clear, which I believe is pretty typical

The highlight this last week and shift for me is,

• We had 18.5m shares traded Tues, Wed and Thurs, that level of volume is very high for GCM, and strongly suggests more going on in the background, and that maybe some are in the know about incoming news!

• Friday’s drop in volume, knowing that the Dhaka SE was closed very much stands out

• Does this point to a likely Bangladesh / Asia buyer

If that buying continues, especially with the size orders we were seeing, it’s obviously a very positive sign.

If the buying is not from Bangladesh / Asia, then I’d suggest it looks like institution is accumulating.

Either way, imo the overhang now looks largely gone and if that’s the case, we should finally be in a position to move forward without that constant selling pressure.

Hopefully a very interesting week ahead, especially if the large volume continues again…..

GL all

As I tried to intermate in my post, imo, its not about Pi’s anymore, the size of some of the trades would indicate that the big boys have arrived, we have had no official news, and even other posters noting that coal is not being mentioned as much as they would have expected in the Bangla press, (although I would disagree), and Phulbari even less, YET, in three days we have had about 18.5 million shares traded, that’s about 5% of the company, call it a coincidence or not, BUT we have had this massive volume, just after the Ramadhan and EID holidays have just finished, and just when we are expecting to hear from the BNP government about their 100 and 180 days roadmaps, which they have already said will include energy.

With the issues that are going on in the world right now, this is now even more urgent than it has ever been before, and imvho, this volume indicates that positive news is on the way…..

Let’s see what the next couple of weeks bring….

Well I really have no idea what’s going on now, and maybe that’s intentional, but with today’s 1.5 million delayed trade from this morning, that’s about 18.5 million traded in 3 days ….

For GCM that’s big volume over three days with no known news, but what ever it is, it has to be something big imo 🤞

Let’s hope we get positive news soon to show why

Https://www.youtube.com/watch?v=3gJu-CrclrI

This is about LNG really, but there is a little bit about coal right at the very end, (42 mins in) just saying that

"We want to believe that this crisis will push the government towards extracting its own energy, especially gas and its own coal."

Once your able to work your way past all the adverts, it is as you say, a very interesting read…

Another good 6 million plus volume day ….

I should have added, that in reality, they will only be saying and following through the promises from their election campaigning and saying what’s in their manifesto, in that they are going to mine their own coal / resources

It’s just that the Iran war has put a lot more urgency into the situation…..

From the size of the individual trades that we have had recently, especially in the last couple of days, which imo is more than just Pi’s, there are obviously a lot of people who seem to be in the privileged situation of knowing what’s going on, on the ground, and I’m guessing they believe that positive news is coming GCM’s way, unless of course, all this buying is from an institution, either way, it’s still very positive….

But we are talking about Bangladesh here, so eventually, yes I very much expect to see a news article mentioning that Bangladesh now has no options other than to mine Phulbari, and that it’s being considered by the very top in the government….

The government will want to ensure they put the right story out here, to ensure they take the people with them, and not against them…..

We should have the Interims RNS as well in the next few days, and I’m sure that will have a positive write up within it as well, which may help!

I think that the 1 million order on the book at 8.40p may have to increase his buy price if he wants the order to be filled ..;)

Nice to see a 1 million plus in the U trade

I think its obvious that news must be leaking ,,....

8.70 - 8.90

I know he is probably talking about many forms of energy, but I wonder if Phulbari was discussed in that list 🤔

This, he said, left the power and energy sector largely dependent on imports.

The minister, however, said the country’s foreign currency demand remains relatively low.

“If we proceed according to our planned strategy, no crisis will be able to affect us,” he added.

https://www.thedailystar.net/news/bangladesh/news/no-energy-crisis-despite-global-uncertainty-says-zahir-uddin-swapan-4135271

I’m sure that GCM will be more than happy to fully cooperate with any independent expert if they are asked to do so, but it has been mentioned many times over the years in their various RNS’s that their feasibility study’s etc have regularly been updated, so I’m sure there is not much work that will have to be done now, and it will actually just be a formality, just to appease those who may question the project being given the green light ….

Volume looking good again today!!

Looks like Tarique has got another meeting at 4pm (Bangla time) today to discuss the energy situation with his Power and Energy Minister, Iqbal Hasan Mahmud Tuku …..

Lots to discuss I’m sure …. I’d love to be a fly on the wall in that meeting 😂😂

They have come off the offer, but are still on the bid, and my personal opinion is that from how level 2 is looking right now, he is definitely trying to fill orders, and has told the other MM’s to hang back …

He is obviously losing the battle atm lol