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Well someone is building a nice position today...

By my rough calculations we have had about 100K bought and about 500K sold ...

SO the question is, who is it that is picking up all these sell trades ...

I guess this post will be removed as well lol

Wow, what ever is going on here today...

So in reply to my post saying that i would copy and paste the link that Pappi posted about the Teesta River, Redeyes asked if i could do so, and so his post has also been removed ....

Just what are we allowed to post about now,? I guess anything as long as it is not GCM related!!!

I guess this will be removed as well now ...

I have not got a copy of all the posts mate, i was just going to open and post the link that Pappi posted if you wanted me too?

The link works for me mate, did you want me to copy and paste the article ?

All very strange …. Why / who would want positive articles deleted 🤔

Nice article Pappi, thanks for the reminder

Just following on from my post yesterday showing how much money had been spent on the existing and proposed coal plants in Bangladesh, I’ve just been working out some more figures on coal usage for these plants, and it shows that if you include all the coal plants in the country, which includes the two now being built, Bangladesh need to import about 25 million tons of coal a year, and that’s without including Bara, or Phulbari in to the equation..

Just shows why they can’t continue to import all they need, but it does show, that its something they will always have to do to some extent.. 🤔

Just for a comparison, if you were to build a 1320mw coal plant, you would need approximately 1000 acres, if you were to developed a solar farm to create the same amount of power, (1320mw) you would require between 50,000 to 60,000 acres…..

I’ll let you make your own conclusions about which will be used, but imo, solar just does not work!!

I have to be honest I was really surprised to hear the BNP mention the manifesto so early, but it’s obviously a massive positive, and surely now won’t be long before they start going into further details of those 31 points,….

Maybe it will it end up, just being the press that come out and ask the direct question about using own coal resources and Phulbari open pit mining …. 🤷‍♂️

Thanks AIMtodeath, much appreciated, both good reads…

The only reason that I wanted to hear the interview again, was because it showed how much the Phulbari people were buzzing about how much compensation they were going to receive and that they now wanted the project to go forward, the reason I remember it, is because the person doing the interview, turned around and said, why wouldn’t they, have you seen the package they are getting…..

I also remember at the time some anti mining protesters going into the village, and being chased out again by the locals lol

Hopefully they still have the same attitude, much like the people have at Matarbari, have today….

Phulbari line with the port will bring employment and growth to the area, which the people are in desperate need of …..

We already know what the 31 point plan is for the BNP

The plan states that “appropriate measures shall be taken for exploration and tapping of the neglected gas and mineral resources to cut import dependency.”

And the 31‑point plan also mentions using Bangladesh’s own resources, gas and mineral resources — to strengthen the economy and decrease reliance on imports.

Tarique Rahman pledges people-centric development if BNP returns to power

BNP Acting Chairman Tarique Rahman said that if the party comes to power, it will ensure development according to the people’s demands and prevent conspiracies against the nation.

Tarique Rahman outlined that the country would be reconstructed based on BNP’s 31-point plan announced two and a half years ago.

https://viewsbangladesh.com/tarique-rahman-pledges-peoplecentric-development-if-bnp-returns-to-power/

I don't think I have the interview saved anymore that the Energy & Power magazine did when Hasina was in power, that discussed the compensation packages for the relocation, so can i ask if anyone kept it??

Just be interesting to hear it again ?

Thanks ...

This is how the people of Phulbari will react to a green light at Phulbari this time around, especially knowing what the compensation packages are set aside for them, to relocate.... from memory, I believe it was about three times what the value of what their houses were ..

We know when Hasina was in power, they were very positive at the prospect …

Locals laud plan of developing Moheshkhali-Matarbari as seaport-oriented township

"If the government implements the plan, it will be a blessing for all," Sanaullah Mustafa, a resident of Banglabazar area in Matarbari told BSS.

Abdul Monaf, an inhabitant of Nasirdail village located in front of Matarbari Ultra Super Critical Coal-Fired Power Plant, said Matarbari deep seaport will be established closed to his village.

"Under the government's plan, once the seaport is established, our houses will be reclaimed. But, it will be good for our locality," he said.

He also hoped that when Matarbari seaport would become operational, a lot of job opportunities would be created for local people, which would help them improve their living standards.

https://www.bssnews.net/others/309781

Let’s just update with a few bullet points of timelines and what we believe is going on with GCM and Phulbari OPM, even though we have heard it a hundred times before lol

• February 2025 there was a coal seminar where the interim government and energy experts agreed that the country should use its own coal resources, with Phulbari open pit mining being discussed, it was also said that the Interim government would prepare all of the paperwork, so it’s ready for the next incoming government to make the decision.

• Yunus after a meeting with the BNP (Tarique) bought the elections forward to early February 2026

• All the main parties, BNP, Jamaat and NCP, have said in their manifesto’s that the country’s own minerals / coal resources should be developed.

• The Teesta River project has just been given the green light, and subject to loans being signed with PowerChina, will begin in January 2026. It has been speculated that the overburden from Phulbari would be utilised for the project plus industrial and commercial development in this area.

• Bangladesh is developing, and increasing their renewable energy, and have a target of 30% by 2040, which will cost in excess of $1.6 billion annually to develop. It is largely thought that as they are only producing 3 to 4% in 2025 from renewables, this figure is unachievable.

• Bangladesh is running out of gas, and any new reserves found would not be able to come on line for at least 8 to 10 years, so are reliant on imports.

• There are obviously other coal deposits in Bangladesh, of which some will eventually be mined, but all still need feasibility studies etc to be done, so the earliest any of them will be ready to even think about starting is at least 8 years away.

• GCM have enough funding to last until mid-2026, so we should expect another raise Q1 2026, by then it is expected the SP will be a lot higher

• The Interim Government have said that they are developing a new Energy Roadmap, which will be published in December 2025, we have already been told, by the energy department, that this will include Bangladesh utilising its own coal resources.

• Bangladesh is still building new Coal plants so their need for coal is only going to increase in the coming years.

• Bangladesh cannot afford to continue to import the amount of energy that they are and are going to need in the future, so something has to give way….

In steps GCM, with Phulbari and open pit mining, a win, win, for both GCM, the country! 😊

The government remains firm in its plan to hold the next national election in early February 2026, saying no force in the world can stand in the way of the polls, Chief Adviser’s Press Secretary Shafiqul Alam said on Sunday.

“In today’s meeting, it was also said that the election will be held in the first half of February under any circumstances. There is no force in the world that can stop this election. All necessary preparations in this regard are being taken,” he told a press briefing at the Foreign Service Academy here after a high-level meeting of the government.

Chief Adviser Prof Muhammad Yunus presided over the meeting on the law and order situation at the State Guest House Jamuna.

https://thefinancialexpress.com.bd/national/no-force-can-block-february-election-govt

Thankfully Pappi suggested that I keep a copy of this post, so here is a copy of my calculations about a fundraise …….. Obviously, as has already been said, I’d like to think that as we head towards 2026, and closer to the New Energy Master Plan being announced in December 2025, which we already know will include Bangladesh using its own coal and the elections in February the SP will be a lot higher than it is at the moment …..

Funding in place until mid-2026!

In short – the answer that keeps being asked is we have cash imo until around July / August 2026

I have been doing some more detailed work on this because I am fed up of people trying to mislead the board so here’s a breakdown of GCM’s funding.

Obviously, this is my own opinion and am happy for anyone to give their own breakdown and opinion

• On 28th March 2025, GCM raised approximately £1 million (before expenses), or about £920,000 net, via a placing of shares at 3p

• At 31st December 2024, GCM reported cash and cash equivalents of around £900,000

• Earlier, as at June 2024, GCM held £1.658 million in cash, and management projected that, without additional funding, the company could only cover 7–8 months of operations (until July–August 2025)

From June to December 2024, Cash dropped from £1.658 million to £0.983 million, a decline of £675,000 over six months, averaging about £112,500 per month

• Starting from £900,000 (end-December 2024), plus £920,000 from the placing in March 2025, is £1.82 million.

• At £112,500 monthly burn, that supports 16 months of operation.

That projects into around July/August 2026, before the next financing round would be required.

Obviously as we get closer to the hopeful green light expenses may increase, so that timescale may change, although we do still have access to the rest of the Polo loan …..

Yesterday we had a YouTube link on the future of coal, okay, it was exaggerated by saying trillions, rather than millions, but to add to that, today it looks like we have another video on China and its future in Bangladesh…

Maybe it’s the start of an advertising campaign for the future of Bangladesh, what it has to offer and what China’s roll is within this expansion …..

https://www.youtube.com/watch?v=PMMzFLa-uiE

Don’t forget ….. again FACT,

Barapukuria Power Plant, will run out of a coal supplier by 2028 / 2029 at the latest, due to the Bara mine coming to the end of underground mining life, hence the reason that Md Shaiful Islam Sarkar Managing Director of Barapukuria Coal Mining Company Limited (BCMCL). presented a proposal to the then Prime Minister in March 2023, for developing the northern and southern parts of the mine using open-pit method…. If given the green light, its again fact that both Phulbari and Bara will be mined by the OPM method, and it would be started at the Phulbari end, because Bara still has lots of feasibility studies to be completed, whereas Phulbari is ready to go 😉

This post is for Adw189 / WOS, the non-shareholder, (his words from earlier in the week not mine)

Sorry for the long post, because it will probably bore most, but the reason behind it, is to try and get answered what I think is a logical question… with all the investment in all the existing and proposed coal power plants of which billions has and is being spent, also taking to consideration, that they still have a long life ahead of them, and that Bangladesh are going to have to spend about $1.7 billion a year to even think about reaching their renewable targets, how does he think Bangladesh can continue to afford to import coal??

This has been quite an interesting bit of research, but as Adw189 loves to talk about FACTS, lets just look at a few……

Renewable / green targets –

2025 stands at the moment at about 3 to 4%

Target for 2030, - 20%

Target for 2040, - 30%

To achieve those renewable target’s, it is estimated that Bangladesh will have to spend over $1.60 billion dollars annually… (do you really think that will be achieved?)

Now let’s look at another FACT with reference to Bangladesh coal plants and their costs etc

Payra Power Plant (1,320 MW) - cost $2.984 billion

$1.984 billion loan with a $1 billion sovereign guarantee from the GoB

Rampal Power Plant (1,320 MW) – cost $2 billion

$1.5 billion loan (with a 15 year tax holiday)

Matarbari Power Plant (1,200 MW) – Cost $5.3 billion

$2.4 billion climate finance loan from Japan

Banshkhali Power Plant (1320 MW) – cost $2.49 billion

$1.76 billion 70% financed via a Chinese loan

Barisal Power Plant (350 MW) – Cost $540 billion

And that’s with out new plants that are either under construction or proposed..

• Matarbari Power phase II

• Rampal Power Station Phase II

Maybe I should add the Phulbari 6000MW to this list lol

My Conclusion – They are not going to just close all the above plants down, and they can't afford to continue to import coal, so therefore have no choice now, other than to mine their own coal, and with Phulbari open pit mining being the only mine in the country ready to go, as agreed by the Interim Government, and many energy professional experts, is why its being recommended by them all that the next elected government, should make the decision to mine Phulbari, it was also suggested last week that the decision should be made within the first six months of them being elected 😊

GL all

And this is why it’s obvious that in a country like Bangladesh that this kind of project does not work, and emphasises the point about what a crazy idea it is for Yunus to try and invest in solar to go on to all public buildings …. It will be one big mess!!!

Back to coal it is then …..

Solar streetlights worth millions of taka become defunct in 3 and half yrs

Some 150 solar-powered streetlights were installed across 12 wards of the municipality to light up the streets of Cox's Bazar town three and a half years ago.

However, 32 of those solar panels had stopped working within just a year. Some 140 of the panels are now non-functional due to lack of maintenance and oversight. This has recently been observed during on-site visits.

Despite being installed at various alley corners, near mosques, temples, cemeteries, cremation grounds, and other religious institutions at a cost of nearly Tk 19 million from the Climate Fund, these solar panels are currently serving no purpose.

The municipal authorities say they are unable to repair the panels due to lack of allocated funds.

https://en.prothomalo.com/amp/story/bangladesh/local-news/eflotzhexe

The other option is of course to spend a few hundred million on upgrading the rail network, which obviously the Chinese could do well and quickly, and they could save even more….

In the future this could then be extended and used by other coal mines, as the country develops those as well, which then makes it an even better investment for the future of the country …