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Just thought this was worth a re-post.....

As the IMF step in, insisting their rules are met, importing coal is about to become a lot more expensive……..

Has to be another positive for Phulbari and open pit mining!

For years, subsidies have cushioned consumers and industries from soaring energy costs. But the government’s growing struggle to finance coal and LNG imports has forced a rethink. Withdrawal of subsidies—including on fertiliser—has been set as a clear benchmark in the IMF’s loan programme.

A series of meetings within the Energy and Power Division has already been held, with a committee now drafting a roadmap. “We’ve met several times and gathered recommendations. Soon we will finalise a comprehensive plan,” KM Ali Reza, additional secretary of the Power Division, told Deshkal News.

https://www.deshkalnews.com/english/details/business/6069

Where have all these buyers suddenly come from … strange, but maybe something is leaking…. Or is that just wishful thinking 😂😂

That's some big volume today so far ... 1.3 million...

The reasons for Yunus to sign off and give the green light for the Phulbari SoD before he leaves are mounting …🤓

As the IMF step in, insisting their rules are met, importing coal is about to become a lot more expensive……..

Has to be another positive for Phulbari and open pit mining!

For years, subsidies have cushioned consumers and industries from soaring energy costs. But the government’s growing struggle to finance coal and LNG imports has forced a rethink. Withdrawal of subsidies—including on fertiliser—has been set as a clear benchmark in the IMF’s loan programme.

A series of meetings within the Energy and Power Division has already been held, with a committee now drafting a roadmap. “We’ve met several times and gathered recommendations. Soon we will finalise a comprehensive plan,” KM Ali Reza, additional secretary of the Power Division, told Deshkal News.

https://www.deshkalnews.com/english/details/business/6069

And another 180K traded on this other site as well

https://www.lse.co.uk/ShareTrades.html?shareprice=GCM.GB.PL&share=Gcm-Resources-Plc

Excellent, another blue finish, despite all the games that are being played as well as some nice consolidation at this price before we move on again 😉

How crazy is it, when you have to start having to save posts just in case they get deleted ...

Here is another YouTube link, promoting the country to use its own mineral resources......

The country is awash in mineral resources!! Huge reserves of oil, gas and coal hidden underground!! Natural Resource

Translated the part about coal ………………..

It is possible to reduce import dependence by using coal and gas in electricity generation. Bangladesh’s mineral resources are not just natural treasures but also potential gold for the economy.

With proper management and the application of modern technology, it is possible to achieve economic benefits equivalent to lakhs of cores of taka per year.

Therefore, mineral resource management is now the need of the hour for the country’s development and energy security.

https://www.youtube.com/watch?v=MCHF58F0Lr8

I am guessing someone sold out too early and does not want anything positive posted ......

I bet if I posted porn, it would not be removed, BUT post anything positive relating to GCM, and its deleted.... what a joke!!!!

Can someone please tell me why this post was removed????

Quick summary of where we are and recent news –

As we have seen from last week, energy and especially using the countries own coal resources is being discussed more and more. I am sure that with it being such an important subject that will continue as we get closer and closer to the elections.

What do we know………..

• Only 45 trading days left before December when the new Energy Roadmap is due to be announced by the Interim government.

• Fouzul Khan, who is in charge of the Power and Energy department has already said that using own coal would be a recommendation within the report.

• Recently, more than ever before, using own coal is being seen in a positive light, with a specific mention of Phulbari OPM, and its benefits to the country having been discussed and written about by not only the press, but also the Interim Government.

• The Teesta River is waiting to be signed off, and according to press reports, PowerChina is due to start in January 2026.

• It is thought that the overburden from Phulbari will be used on the Teesta River project and the massive amount of development about to start in the northern region.

• After a period of consolidation, Fridays rise came from the release of another new positive interview with the Energy and Power magazine, (see digits post yesterday at 15.29pm for more info). What was interesting apart from the fact that the interview was very positive was that it was an environmentalist who was recommending Phulbari OPM.

• It is expected that the BNP will win the elections by quite a large margin, and I would expect that all the three main parties, BNP, Jamaat, and NCP will start to discuss their future plans, and their manifestos shortly. The three main parties have all said that the county’s own minerals / coal should be used, so when they start to discuss this publicly this will be another trigger for the SP.

• With recent positive press reports writing about the countries coal plants, at Rampal, Matarbari, Payra, etc, and how important these coal plants are to the future growth of not only the locals and the areas around them, but the country in general, it definitely feels different at this point in time.

• For anyone looking in, take a read of this website, https://www.phulbari.org/ it has some really good info on it and is the easiest and quickest way to get up to date.

• Another really good article for info is from the seminar earlier this year https://online.fliphtml5.com/qklxk/wvlr/#p=13

I should of changed the info about the expected date of the Energy Roadmap, because as discussed yesterday, Fouzul Khan, stated that 'it should be completed by December', so I am guessing could be expected at any time before then.

Thanks for the clarification Pappi … excellent to see

Cybertron, easiest thing to do is to take a read of the posts from the weekend, all the info you'll need is there ....

Yep, agree GPBack.... Its going to be exciting watching this over the next few weeks ;)

looks like 8.45 to buy now

Digit, this post is for you mate, thought that you would appreciate it lol

Ex-minister Bipu’s firm linked to Adviser Rizwana’s family

https://www.daily-sun.com/post/829048

Dhaka’s first govt green building to be DoE office: Rizwana

https://viewsbangladesh.com/dhakas-first-govt-green-building-to-be-doe-office-rizwana/

Buying above the ask at 7.75 ;)

Hiding some of the buys on the other site again, by the looks of it ….

https://www.lse.co.uk/ShareTrades.html?shareprice=GCM.GB.PL&share=Gcm-Resources-Plc

Nice to see the charts looking positive, and a prediction of 10p by the end of next month, although just the fact that we are getting closer and closer to the election will create more buying, and then, there are several news triggers that will obviously override any charts, which hopefully will take us well above that target…

SP Triggers

• Only 45 trading days left before December when the Energy Roadmap is due, although I believe the actual terminology was, “by” December, so we may hear about that earlier.

• The BNP have stated that they are going to be taking to the streets early next month, (October) to start their election campaign. I’m sure the other parties will follow the BNP’s lead, so they may start to mention and expand on their energy policy’s

• More press articles that could come out at any time promoting the use of their own coal

• More news about the Teesta River Project

• The MOU Extension for Phulbari Coal Mine Development with PowerChina to be renewed on 6th December, which you’d like to think will also give a general update and any other news available at the time.

• Final results RNS due, I believe in either November December which again should give a positive outlook

Plus

Plus

Plus … I’m sure there must be others lol

Quick summary of where we are and recent news –

As we have seen from last week, energy and especially using the countries own coal resources is being discussed more and more. I am sure that with it being such an important subject that will continue as we get closer and closer to the elections.

What do we know………..

• Only 45 trading days left before December when the new Energy Roadmap is due to be announced by the Interim government.

• Fouzul Khan, who is in charge of the Power and Energy department has already said that using own coal would be a recommendation within the report.

• Recently, more than ever before, using own coal is being seen in a positive light, with a specific mention of Phulbari OPM, and its benefits to the country having been discussed and written about by not only the press, but also the Interim Government.

• The Teesta River is waiting to be signed off, and according to press reports, PowerChina is due to start in January 2026.

• It is thought that the overburden from Phulbari will be used on the Teesta River project and the massive amount of development about to start in the northern region.

• After a period of consolidation, Fridays rise came from the release of another new positive interview with the Energy and Power magazine, (see digits post yesterday at 15.29pm for more info). What was interesting apart from the fact that the interview was very positive was that it was an environmentalist who was recommending Phulbari OPM.

• It is expected that the BNP will win the elections by quite a large margin, and I would expect that all the three main parties, BNP, Jamaat, and NCP will start to discuss their future plans, and their manifestos shortly. The three main parties have all said that the county’s own minerals / coal should be used, so when they start to discuss this publicly this will be another trigger for the SP.

• With recent positive press reports writing about the countries coal plants, at Rampal, Matarbari, Payra, etc, and how important these coal plants are to the future growth of not only the locals and the areas around them, but the country in general, it definitely feels different at this point in time.

• For anyone looking in, take a read of this website, https://www.phulbari.org/ it has some really good info on it and is the easiest and quickest way to get up to date.

• Another really good article for info is from the seminar earlier this year https://online.fliphtml5.com/qklxk/wvlr/#p=13