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I actually wrote this last night to post this morning, but after digits excellent find last night, it hardly seems worth posting, but it mat help others looking in, so decided to still post it with a slight amendment….

💥 First SP Trigger – BNP state that……..

He also suggested that Bangladesh's high-quality coal reserves could be tapped using modern technology to meet energy needs while minimising environmental harm.

https://today.thefinancialexpress.com.bd/trade-market/push-for-tough-regulation-responsible-business-1760199914

I know that we are just repeating ourselves, but for anyone looking in, it looks like November and December are going to be quite interesting months, with so many potential SP trigger points!

• Energy Roadmap, due any time between now and December. We already know that Fouzul Kabir Khan the energy adviser for the Interim Government, has recommended that mining own coal / Phulbari OPM, should be advised for the incoming government, and that he was preparing papers in the background so that a quick decision could be made after the elections. That is if Yunus has not already made the decision before he departs, so that he leaves a positive legacy, rather than what he will be remembered for at the moment.

• Political party’s manifestos should start to be discussed in more detail, we know that the BNP should win with a landslide, but either way, both the BNP and the Jamaat party, have said in their manifestos that own minerals / coal should be used.

• BNP acting chairman Tarique Rahman is expected to return to Bangladesh in mid-November after 17 years of exile, that is going to be some homecoming, and he will start to make lots of promises of how he is going to repair Bangladesh should the BNP win the election.

• GCM, Final Results due mid-November, you would like to think that within this report there will be a positive project update.

• PowerChina to renew their MOU for the “Phulbari Coal Mine Development” this may also state further updates within their agreement.

• GCM, AGM, should be mid-December, this year in particular you would like to think there will be positive feedback.

• Teesta River Project which is believed to be connected to Phulbari, and its overburden, being given the green light and expected to start work in January 2026.

Then there will be the continued general media reports where hopefully the shout for own coal will get louder. I was thinking this morning, in all the years that I have been invested in GCM, I can honestly say this is the first year where coal and Phulbari OPM has been discussed and mentioned in a positive way so many times, without any opposition or protest groups expressing negative views, even Anu Muhammad, who would normally be the first to stand up and protest, said earlier in the year that he did not agree with own coal being used, but because of previous government policy’s, the country now has little choice…

Anyway, I hope t

Excellent find digit 👏👏👏👏👏

If anyone was unsure what the BNP policies were before, there certainly should be no mistaking it now!!!

Roll on the elections 👊

We should expect more and more reports like this as the election campaign takes off, and more detail of how Tarique is going to accomplish his dream.

One thing is certain in my mind though, is that he is not going to be able to grow or achieve this dream by continuing to import the amount of coal / energy that they currently are or are going to need, especially knowing what resources they have sat right under their own feet …..

Exciting times for GCM 😉

A vision for tomorrow: Tarique Rahman’s roadmap to transform Bangladesh’s economy

Under Tarique Rahman's leadership, Bangladesh has the potential to become the Singapore of South Asia. Given the country's central geographical location and its young, secular population, his vision to deliver economic prosperity to every corner of Bangladesh could one day turn this aspiration into reality.

The dream of becoming a first-world nation like Singapore may seem distant now, but knowing Tarique Rahman's relentless pursuit of well-meditated progress for his fellow citizens, such a transformation could indeed be realised within less than a decade.

https://www.tbsnews.net/thoughts/vision-tomorrow-tarique-rahmans-roadmap-transform-bangladeshs-economy-1256216

Yet another rally demanding the start of the Teesta River project before the elections ….Note this was “under the leadership of the movement's chief coordinator and central BNP organizing secretary, Principal Asadul Habib Dulu”

Teesta riverside protests demand implementation of Teesta master plan before elections | Ganmichil

A mass rally was held in Hatibandha, Lalmonirhat, demanding the start of work under the Teesta Master Plan before the announcement of the schedule for the next parliamentary elections. The 'Tista River Protection Movement' organized the program under the slogan 'Jago Bahe Teesta Bachai'.

Thousands of men and women from Teestapar participated in the mass procession that began in the afternoon under the leadership of the movement's chief coordinator and central BNP organizing secretary, Principal Asadul Habib Dulu. The procession circled about one and a half kilometers.

https://www.youtube.com/watch?v=mg-sJGyy3os

Just for info, Ruhin Hossain Prince is the General Secretary of the Communist Party of Bangladesh, so is not likely to have any say on what goes on with own coal exploration in the future lol

Okay, so have now listened to the YouTube link, and have decided that it is not worth wasting the time translating the whole thing. The presenter and Ruhin Hossain Prince obviously disagree with each other on how to resolve the country’s energy situation, and this is exactly why Imho, apart from corruption is why the country is in the mess it is……

Here are a few bullet points in no particular order of what was said… If it was not such a serious issue for Bangladesh, it was actually quite funny listening,

The presenter –

All the way through the interview highlights and agrees with the country using its own coal resources and see this as the main way forward in resolving the independence on importing energy, and it costing the country so much.

Ruhin Hossain Prince –

Wants to use own gas, and thinks it should be explored more, but knows it’s an issue because the country will run out in a few years, wants to use solar, but knows it’s an issue because of how much land would be required, wants to use coal, but is concerned about the environmental issues, etc etc etc he obviously talked about many more subjects on the energy issues, but nothing that is of interest to us imo ….

What a waste of my night hahahaha

Bangladesh's Energy and Power Sector: Is It Truly Serving the People?

This is just a little translation form the link below, if no one else has looked at it, I will try to translate the rest of it from the subtitles, sometime over the weekend……

https://www.youtube.com/watch?v=y2AyGdQ5Kto

On the other hand, imports now account for 55% of the country’s electricity and energy sector, including electricity, gas, coal and oil. As a result, despite successive increases in electricity and fuel prices over the past two decades, subsidy pressure continues to increase. On the other hand, no political decision has been made on the issue of own coal, which many believe would have reduced production costs by 40% compared to the current level, if coal fired electricity could have been produced using it.

As its the weekend, just for interest .....

Top global banks such as HSBC, JP Morgan, and Santander had between 2021 and 2024 allocated only $1,368 billion "for sustainable power such as solar, wind, and related infrastructure ... while $3,285 billion was allocated to fossil fuels," it said.

https://ep-bd.com/view/details/article/MTIxNDA%3D/title?q=bank+fossil+fuel+financing+twice+that+for+alternat

Let's hope the order does not get filled, and they have to increase their price in order to get it filled .. ;)

I am busy right now, so don’t have time to search deeper, but in Interim Results for the 6 months ended 31 Dec 2024 (RNS) it is stated: “the lender has agreed that it will not serve a repayment request on the company for 5 years from the date of the agreement replacing the previous provision that it was payable on demand with 90 days’ notice.”

So yes, the terms did change

You will have to get the subtitles to translate, but there is now a mass movement by the people to demand speedy implementation of the Teesta River Mega Plan

https://www.youtube.com/watch?v=Aowrbj0IOA0

Just to correct you, Polo Resources is being re-registered not relisted, there is a big difference, and from my research that is not as straight forward as it may seem, so will take a substantial time, and it will most likely have to go through the courts

Also, with regards the Polo Resources loan, as mentioned in the GCM RNS, even if they were able too, they can not convert to shares, until after March 2026

This is sooooo obviously being manipulated at the moment!!

And out of 30 trades, only 3 are what could be called proper trades! 🙄

Australia's Queensland reverses policy, pledges to keep using coal power

CANBERRA, Oct 10 (Reuters) - Australia's Queensland state government said on Friday it would run coal power plants at least into the 2040s, reversing a previous plan to pivot rapidly to renewables and in turn making national emissions reduction targets harder to achieve.

The centre-right Liberal National Party won last year's election in Queensland, a huge chunk of land in Australia's northeast where more than 60% of electricity comes from coal-fired plants that are mostly owned by the state.

https://www.reuters.com/sustainability/boards-policy-regulation/australias-queensland-reverses-policy-pledges-keep-using-coal-power-2025-10-10/

The July National Charter 2025 will be signed on October 15 at the South Plaza of the National Parliament. This was stated in a press release on Thursday by the National Consensus Commission.

The release said that the signing ceremony will be led by Professor Dr Muhammad Yunus, Chief Adviser of the interim government and chairperson of the National Consensus Commission. Representatives from various political parties and alliances across the country will attend the event.

https://viewsbangladesh.com/july-charter-to-be-signed-on-oct-15/

Good to see Yunus is still adamant that elections will be held in February …..

Bangladesh interim govt chief reaffirms elections in first half of Feb

Bangladesh interim government chief adviser Professor Muhammad Yunus on Thursday reaffirmed the government’s commitment to holding a national election in the first half of February next year, stating that ‘it would mark the first genuinely democratic vote in many years’.

‘What happened in the last 16 years was a mockery of an election,’ the chief adviser said, adding that he intends to return to his previous role following the vote.

https://www.newagebd.net/post/Country/278544/bangladesh-interim-govt-chief-reaffirms-elections-in-first-half-of-feb

I must just have a dodgy site then hahaha, the last trade that I have showing is at 16.26pm at 7.06 and still have no UT showing

09-Oct-25 16:26:24 7.06 10,000 Sell* 7.00 7.50 706.00

I was not watching at the time, but if there was an UT at 6.50, why is it not showing on this site??

The close price is still saying 7.00 bid 7.50 offer with 7.25 mid

🧠

5. Psychological/Market Signaling

• This could be a way to create the appearance of demand, especially in low-volume stocks.

o Regular 1-share trades at the ask could suggest to other traders that there’s continuous buying interest.

o Might be used to attract retail attention or manipulate Level 2 order books (particularly on AIM, where market making and spreads can be manipulated more easily).

🧮

6. Tax or Accounting Strategy

• In some rare cases, trades are executed to create a price history or for mark-to-market accounting.

o For example, a company insider or fund might use it to set an “official” market price for valuation, option pricing, or even performance metrics.

o Again, this only makes sense where very small volume can impact price visibility disproportionately.

🚩 Bonus: Could It Be a Signal to Others?

• Some traders have speculated (in other stocks) that micro trades are used as coded signals between entities.

o For example, 1-share could be “green light,” 2-shares “wait,” 3-shares “start accumulating,” etc.

o Sounds conspiratorial, but similar tactics have been seen in some microcap manipulation schemes.

Well while we are on the subject this is what i pulled off AI on the subject ........

AI Question -

GCM resources, an AIM listed company, has for the last two or three weeks had a constant buyer of 1 share at a time daily, the amount of transactions daily does vary, but they are always close to the full offer price, and I’m trying to find out what could be behind this?

It’s obviously more than just a bored trader, so it has to be for some significant reason, have you got any ideas?

AI Answer -

This is a very intriguing and unusual trading pattern, and you’re absolutely right to think there’s likely more behind it than a “bored trader.” A consistent pattern of 1-share buys near the full offer price, especially on a daily basis and over weeks, is often a signal, not a standard trading strategy. Below are plausible explanations—ranging from technical to strategic:

🔎

1. Price Manipulation for Chart Support / Technical Triggers

• One-share trades are sometimes used to maintain or manipulate the last traded price.

o On illiquid AIM stocks like GCM, even a tiny trade can set the closing price, especially if it’s the last trade of the day.

o This can be used to prevent the price from dropping below key technical levels, for example, moving averages, trendlines, or support zones.

o Maintaining price levels can be critical for technical traders, algorithms, or even funds bound by mandates (e.g., “don’t hold stocks that fall below X pence”).

🗂️

2. Index Inclusion / Price-based Triggers

• Some funds or indices (even in AIM) have price thresholds or volume/activity metrics for inclusion or exclusion.

o A party might be trying to ensure the share price remains above a certain level or maintains “active” status for visibility or compliance.

o There’s also the concept of “closing price manipulation” where traders ensure a stock closes at a specific level for valuation or NAV reporting purposes.

🧾

3. Holding Reporting Thresholds

• In the UK, when an investor crosses certain ownership thresholds (e.g., 3%, 5%, 10%), they must disclose it via an RNS.

o Some sophisticated investors use small trades to test the price impact before placing larger orders.

o Alternatively, algorithmic accumulation could be programmed to buy slowly and steadily over time—though 1-share lots would be unusually cautious.

📢

4. “Marker” Trades / Algorithm Testing

• 1-share trades can be used as “ping” trades by algorithms or brokers to:

o Test the market depth

o Track liquidity

o Mark timestamps or signal other systems

• In this case, the price being near the offer suggests a buyer is probing or keeping pressure on the ask side, possibly to signal buy interest or nudge other participants.