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A little bit of sideways movement and consolidation at the moment is fine by me lol

All I’m doing now is buying more when funds allow and holding, but everyone to their own…

since the meeting between Yunus and Tarique I really think as I’ve said before everything has changed. Obviously Yunus has given way to an earlier election in February, but personally I still think after reading in the press about how the situation in the country is getting worse by the day, if the reforms and changes that Yunus is insisting on, get completed earlier than expected, he may well still bring it forward even more ….

Yes maybe I’m just dreaming, but you just never know any more…

The price right now is almost irrelevant, but rest assured, obviously news depended, but as we make our way through the year and get closer to the elections, if past history is anything to go by, single figures will be well gone!!

GL all what ever your choice ….

‘July Charter’ likely by July: Ali Riaz

Efforts are underway to finalise the ‘July Charter’ by the next month (July), says Vice-Chairman of the National Consensus Commission Professor Dr Ali Riaz.

“The discussions are extremely positive. We are making progress continuously, and we hope that by July, we will be able to finalise our desired national charter (July Charter) and establish consensus on many important issues in the national interest,” he told the media today (June 17) after the second round of day-long talks with political parties at the Foreign Service Academy.

https://en.somoynews.tv/news/2025-06-17/tGzT7Nu8

‘We must remain patient as announcing polls schedule solely EC’s responsibility’

It is the Election Commission (EC), not the government, that is responsible for announcing the schedule of the upcoming general election, Amir Khashru Mahmud Chowdhury, a standing committee member of BNP, said on Tuesday.

“We must remain patient for the election schedule, as it is the responsibility of the Election Commission, not the government,” he responded to a query from a journalist while addressing a press conference held at BNP Chairperson Khaleda Zia’s Gulshan office in Dhaka this noon.

Earlier on 13 June, a meeting was held between Chief Adviser Prof Mohammed Yunus and BNP Acting Chairman Tarique Rahman in London and they reached a consensus to hold the national election before a week of Ramadan to be observed in February next year.

https://www.daily-sun.com/post/809626

Bangladesh Nationalist Party leader Ishraque Hossain on Tuesday warned of taking the protest to the streets if the interim government did not administer his swearing-in as Dhaka South City Corporation mayor soon.

Addressing the sit-in by his supporters at Nagar Bhaban, the headquarters of the DSCC, he said, ‘If you (the government) think you can keep ignoring this protest, this movement will move from Nagar Bhaban to the streets.’

https://www.newagebd.net/post/politics/267553/ishraque-warns-of-taking-to-streets

I’d dread to think what may happen to Yunus if he f***s this up!!

The BNP will continue its course with trust and confidence in the interim government led by Professor Muhammad Yunus.

The party’s top leaders have taken a decision in principle not to get involved in anything that may create mistrust for now.

The BNP will continue to place its trust and confidence in the interim government led by Professor Muhammad Yunus. Accordingly, the party's policymaking leaders have taken a decision in principle to refrain from engaging in anything that could create distrust at this stage.

https://en.prothomalo.com/amp/story/bangladesh/politics/sz2pvkeygp

Four key parliamentary committees to be chaired by opposition: Salahuddin

Four out of the 50 parliamentary standing committees in the upcoming Jatiya Sangsad will be chaired by members of the opposition, said BNP Standing Committee member Salahuddin Ahmed on Tuesday.

Talking to reporters during a lunch break in the second phase of discussions with the National Consensus Commission at the Foreign Service Academy on Tuesday, Salahuddin said all political parties have reached an agreement on the allocation of four significant committee chairmanships to the opposition.

“These are the Public Accounts Committee, Privileges Committee, Estimation Committee and Public Undertakings Committee. Everyone in the commission’s meeting agreed on this proposal,” he said.

Regarding the remaining committees, Salahuddin added, “Not just these four, there will be proportional representation of the opposition based on numerical strength in the other standing committees as well.”

https://unb.com.bd/category/Bangladesh/four-key-parliamentary-committees-to-be-chaired-by-opposition-salahuddin/162072

Polio, lol, quite funny really, but they will be doing all they can to hold it while they fill their orders but already we have had nearly 10% of yesterdays volume as buys

Let’s see how the day goes/ week unfolds ..

Consensus commission begins 2nd round of talks with political parties

https://www.dhakatribune.com/amp/bangladesh/383991/consensus-commission-begins-2nd-round-of-talks

After reading this article, Yunus will do to last out the year, never mind lasting until February!

Bangladesh economy falters; growth slows, factories shut, jobs lost

GDP growth for the current fiscal year may drop to 3.3 percent, according to the latest World Bank report

Bangladesh’s economy is under growing pressure as GDP growth slows, foreign investment declines and unemployment rises, raising concerns among economists and industry insiders that the economy could face long-term instability without urgent reforms.

According to the latest World Bank report, GDP growth for the current fiscal year may drop to 3.3 percent, the lowest in two decades.

At the same time, the Ministry of Finance reports that foreign investment fell by over 70 percent in the first six months of FY2024-25.

The World Bank’s April publication ‘Bangladesh Development Update’ warns that by 2025, an additional 3 million people may fall into poverty, driven by weak investment and growing internal challenges.

Dr Anu Muhammad, a former professor of economics at Jahangirnagar University, said public frustration is rising due to prolonged economic difficulties.

https://www.daily-sun.com/post/809602

world events are about to make bangladesh’s energy problem even worse …..

why oh why did they not make the decision years ago to mine phulbari ….

maybe in the end, yunus may be forced into giving the green light rather than leaving the decision to the bnp…

funnily enough although with some green tree huggers it would be seen as a mistake, in years to come yunus may actually be remembered for saving the bangladesh economy, rather than ******* it up if he did!!

israel’s attack on iran: energy crisis, more economic woes feared

with no sign of de-escalation of the tensions in the middle east and the closure of the strait of hormuz under iran’s consideration, bangladesh appears to face a wave of fresh economic crises due to a surge in energy prices and a potential supply shortage, energy experts and economists said.

the shipping of about 85 per cent of liquefied petroleum gas and 10 per cent of brent crude oil imported by bangladesh depends on the strait of hormuz, one of the world’s key oil trade routes, according to official data.

https://www.newagebd.net/post/foreign-affairs/267477/israels-attack-on-iran-energy-crisis-more-economic-woes-feared

BNP urges govt to convey London meeting outcome to EC

The Bangladesh Nationalist Party on Monday urged the interim government to promptly inform the Election Commission of the decisions made during a recent meeting between chief adviser Muhammad Yunus and the party acting chairman Tarique Rahman in London regarding the upcoming general election, tentatively scheduled for February 2026.

https://www.newagebd.net/post/politics/267486/bnp-urges-govt-to-convey-london-meeting-outcome-to-ec

National Consensus Commission's second round dialogue resumes Tuesday

https://www.justnewsbd.com/en/bangladesh/news/25699

Someone is obviously upset that we are going up..

I wonder who that would be 🤔 😂😂😂

BNP already starting work … or maybe they were just discussing the up and coming trip of the BNP delegation to China

Chinese Acting Ambassador to Bangladesh Liu Yuyin on Sunday held a meeting with BNP Secretary General Mirza Fakhrul Islam Alamgir.

The meeting was held around 11 am at the BNP Chairperson's political office in Gulshan, Dhaka, according to a spokesperson of the party.

During the meeting, BNP Standing Committee Member Dr. Abdul Moyeen Khan and Organizing Secretary Shama Obaid were also present.

https://english.khaborerkagoj.com/politics/799293

When dependent on imported energy resources, you are always beholden to others and world events!!

Probable Hormuz channel closure: Bangladesh's fuel imports at risk

They explained that in addition to a potential fuel oil crisis, disruptions in the supply of raw materials for coal power plants and liquefied natural gas (LNG) could also impact the domestic market. Load shedding may hamper industrial production, while operating costs for fuel oil-dependent businesses are expected to rise.

https://www.tbsnews.net/bangladesh/energy/probable-hormuz-channel-closure-bangladeshs-fuel-imports-risk-1165341?amp

✅ Obviously there are still going to be some people that will be dead against Phulbari being mined, so if and when the BNP come to power, I believe they will be no different to any other government around the world and they will want to move fast on the so called unpopular decisions, so that by the time the next elections come around in 2030, the mine will be already up and running, producing coal and supplying electricity to the Bangla people… BNP will be seen as hero’s!

This is just a few of the reasons why I honestly believe that the odds on Phulbari being given the green light have vastly improved over the last few weeks and why I asked the question as to when we thought the city and institutions would start to show an interest in GCM…..

Let’s see what the next few weeks / months brings ….

Sorry again for the long post….

I thought that half the idea of these chat forum boards was to discuss the shares that we are invested in and to debate different opinions of what we think the next steps will be so here goes for my opinion on how we stand now!!

Obviously GCM has always been a binary bet, BUT that bet has just had its odds vastly improved with recent developments…

Before Hasina and the AL were taken over, we really did believe that there was a chance that Phulbari was going to be mined, just from all the press speculation and from everything that Nasrul Hamid (the old Energy Minister) was saying about Bangladesh using their own coal and specifically mentioning Phulbari hence the rise to 13p (I believe from memory)

As we all now know, that was all just BS, and because of the corruption we were still probably miles away of getting that green light….

BUT, now things have significantly changed and the probability of getting that green light very soon imvho is more likely than not…

✅The Interim government have recently said that own coal should be used, and said that they were starting to do the background work, so that the in coming new government could review and move forward if they wanted with their proposal

✅ They announced this change of thought process at a coal seminar where all but one presenter agreed that own coal should be used

✅ Even Anu, who has always been very much against mining their own coal said that because of the situation Bangladesh is in, they now have very little choice

✅The chances of the BNP winning the next election (by a landslide) are very high

✅ We know from their previous politics and from their new manifesto that they agree that own minerals and resources should all be used so as to reduce the imports

✅ We know from the Coal Seminar held earlier this year that there is already a mining engineering company that has shown interest in investing $15 Billion (speculation at the time was that this would be Power China) but that was obviously never confirmed.

✅ All Yunus has been doing is borrowing more money rather than sorting anything out and the repayments and interest are not sustainable, it’s borrowing to pay down existing debts, and does not even cover that!

✅ Industry in Bangla is declining and factories closing due to a shortage of electricity

✅ Countries around the world are apparently waiting to invest massive amounts of money to develop Bangladesh, but won’t do so without an elected government in power

✅ When we finally get that elected government, and the investment comes, they are going to want to have some guarantees that they will have electricity.

Continued on second page (sorry lol)

All preparations taken to ensure security during polls: Jahangir

Home Affairs Adviser Lieutenant General (Retd.) Jahangir Alam Chowdhury today said all preparations of the law enforcement agencies required to ensure security during the polls have already been taken.

FE

"We have already taken all preparations necessary to ensure security during

the elections," he said while replying to a question after visiting the RAB-1

Headquarters in the capital's Uttara area, BSS reports.

https://thefinancialexpress.com.bd/national/all-preparations-taken-to-ensure-security-during-polls-jahangir

July Charter by July demanded

The Revolutionary Workers Party of Bangladesh on Saturday called on the interim government to take steps to prepare the July Charter based on minimum consensus among political parties on reforms in various sectors by this July.

General secretary of the party, also a partner of Ganatantra Mancha, Saiful Huq, said, ‘We want to sign the July Charter based on minimum consensus on July.’

https://www.newagebd.net/post/politics/267296/july-charter-by-july-demanded

I know that I’m probably getting ahead of myself now lol, but as we were sat outside watching the thunder and lightning at 1am this morning. (It was amazing) lol

I started to wonder, now the election timeline has been decided as February, and that we are now just waiting on the EC to confirm an exact date, and also the fact that it’s almost foregone conclusion that the BNP will hopefully win….

At what stage will the city and institutions start taking an interest in GCM again 🤔🤷‍♂️