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Maybe it’s a good thing that we have the derampers because they are giving us the chance to highlight all the positives over again hahahahaha

Buying at 6.70 ;)

Nice to see this morning

Looks like BNP's Tarique will be on his way home soon to start the election campaign …….

Bangladesh awaits Tarique Rahman

https://en.bd-pratidin.com/special/2025/09/05/45807

Govt to facilitate travel docs, if Tarique Rahman opts to return home: Touhid

https://en.prothomalo.com/bangladesh/d6dcxa1wqo

Just for the record, as we know Bangladesh are desperate for coal, and that's why political parties are being told that they should make a decision within 6 months of winning the election, if it has not already been made by Yunus before hand.....

As we already know Phulbari open pit mining once given the SoD and green light could be producing coal within 2 / 3 years ….

On the other hand, the Dighipara Mine, which I am sure will eventually see its coal used, will take at least 8 years before coal is seen…..

So you don’t have to take my word for it, here is an article from 2024 that shows that…..

“It is expected to take around eight years to begin coal extraction from the mine after the start of work. The mine is expected to have a reserve of 706 million tonnes, according to a feasibility study conducted by Barapukuria Coal Mining Company Limited.”

https://www.tbsnews.net/bangladesh/energy/govt-plans-mine-90m-tonnes-coal-dighipara-808726

It will be Phulbari first, and then I am sure all other mines in the country will be mined in time 😊

I just took them off filter to see what was being said, and then decided they should go straight back on.. lol....

Its quite funny now seeing how desperate they are getting now and what crap they are posting...

I have to say, thanks to digit, for finding posting some excellent articles over the last couple of days ....

Nice positive article digit....

Not long now, especially if the party's do start to set out their plans for coal .... from the article, it sounds like its almost going to be a competition to see which party will promise the most ;)

If the decision is not made before the elections by Yunus as discussed earlier, at least we know from today’s articles that the wining party will be pushed to make a decision quickly once the elections are over, and it’s also good to know that the only mine ready to go is Phulbari, which could potentially be providing first coal within 2/3 years.

Although Bangladesh do have other mines, it is reported that no other mine would be able to produce coal for at least 8 years, so although I am sure they will all be mined eventually, Phulbari open pit mining will be the one that is given the green light first…..

From the article ……..

“Within its first six months, the new administration must thoroughly review the coal mine schemes of work and make decisions on domestic mining.”

https://ep-bd.com/view/details/article/MTE5OTA%3D/title?q=looming+energy+sector+challenges+ahead+of+banglade

The trouble with these de-ramper’s (oldwiseowl, in particular) is, that some have them on filter, and others don’t, it’s obviously an individual’s choice, but either way it still becomes draining, and when you have a situation where for instance over the last couple of days there must have been 50 or 60 odd posts that eventually have been removed because of there miss information, people get fed up of even reding the board, because it takes so much effort to work through all the crap, and then I am sure that some even question who is telling the real truth of the situation, which is why, although boring, I keep posting an update of how I see the real situation to be from the articles read….

But because of that when you get a few really positive articles such as this afternoon no one really takes any notice and there is no real change in trading…. Back in the day, articles like todays would have defiantly seen a really decent rise in the SP….. It’s just really good that we are not far away from when the Energy Master Plan is due to be released …..

GL all, .. Trust in your own research, and don’t give your shares away cheap at this stage in the story .. imo

Excellent couple of articles mate ….. 👏👏👏

They can’t make it more obvious about what will be happening with coal expiration in the very near future

So, while we wait for more news, let’s have a little update of some of the key points for those looking in 😉

• February 2025, there was a coal seminar where mining experts and the interim government recommended using the countries own coal resources, and in particular highlighting Phulbari and open pit mining

• December the new Energy Master Plan is due to be announced by the Interim government, as we know the energy department has already said that this will recommend that the country use their own coal resources.

• Elections are to be held in the first two weeks of February with the BNP expected to win by a landslide.

• All three main parties, the BNP, Jamaat and the NCP, have all stated in their manifestos that they would use the countries own minerals / coal resources as part of the energy mix

• The Interim government have given the green light to the Teesta River Project, which will start in January, the government are just waiting for the Chinese loan to be signed off. This project has been connected to the overburden that would come from Phulbari

There has been much debate on who owns or where this website has come from, but for anyone doing research it gives an excellent quick overview and the position that we are in at the moment …

https://www.phulbari.org/

What’s not to like about the coming few weeks / months 😊

I know that the February election is now old news, but its still good to read about the progress and the plans to hold it are moving forward ......

How govt is preparing administration for election in February

Election training for Police begins on 7 September

The government has begun reorganising the field administration ahead of the upcoming national elections. The focus is especially on four key posts – deputy commissioner (DC), upazila nirbahi officer (UNO), superintendent of police (SP), and officer-in-charge (OC) of police stations.

https://www.tbsnews.net/bangladesh/admin-reshuffle-begins-ahead-parliamentary-elections-1228516

And just to add to the mix, with only 62 trading days left until December, when at some point the new Energy Master Plan will be announced, its going to get harder and harder for anyone to build any substantial holding here, especially if as digit says in the meantime there are little bits of it dropped into the press...... ;)

So that’s 50% of posts showing green today so far….. someone is trying extra hard this morning….

Obviously trying to push back digits post from this morning….

🙄

🙄 lots of green boxes already this morning ….

I guess they are not happy with digits article this morning ….. so we now have

• senior official of the Energy Division saying there will be new coal plants

•. The interim government recommending Phulbari should be mined

•. The new Energy Roadmap being written which we have already been told will include coal

New energy roadmap due in December …..

not long now !!

Sweet, nice find digit …..

“and introducing coal and LNG-based power plants," a senior official of the Energy Division said.”

Not long now before the new Energy Master Plan will be unveiled:)

After investing so much already, I bet the local and foreign investors, are going to be happy …. Not!!

Bangladesh scraps 5.68 GW of solar

SEPTEMBER 3, 2025

Bangladesh has canceled 5.68 GW of planned solar capacity across 34 projects after developers failed to secure implementation, power purchase or land lease agreements, raising investor concerns over policy stability.

The Bangladesh Power Development Board (BPDB) has scrapped approvals for 34 solar power plants for which letters of intent (LoIs) were issued under the Special Provisions Act.

The LoIs are being canceled because no implementation agreements, power purchase agreements (PPA), or land lease agreements have been signed, said the BPDB. The canceled projects, supported by local and foreign investors, were expected to have a combined capacity of 5,681 MW.

https://www.pv-magazine.com/2025/09/03/bangladesh-scraps-5-68-gw-of-pv-projects/

So, it looks like from all the green boxes me working out these figures and coming up with what I believe to be a more accurate date has caused a bit of a stir…

.

To be honest, it’s something that I really should have done in more detail before now, but I was always happy that that we had enough funds until around Feb 2026, so was always expecting it to be the end of the year, when the SP would hopefully be much higher, now that looks like the date has been pushed back until mid-2026, so should be after the elections, I’m really ecstatic …

The answer I have to anyone who thinks that I may be incorrect is, that’s fine, I have said that that what I have posted is just my opinion, but rather than name calling, just go and do your own figures 😊

Don't worry Pappi, its all saved lol.... I am guessing from all the green on my screen some are very upset with what i believe the actual timings for more funds are ...

In reality this means that it will be well after the elections before GCM will need to come back to the market... you can only imagine what the share price will be by then lol

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 slightly, although we do still have access to the rest of the Polo loan …..

And there you have it, they have filled their boots for today, and the offer moves back up....;)