Member Info for Shouston

Quite lucky for some if they sold that huge rise before close yesterday....(Placing away)

Happy that I have reinstated and increased my position here.

Another explanation?

Something rose over 400% today. Settling at 380%.

It may have distracted some....

Momentarily.

Sentiment/anticipation is growing at GCM.

8.49 paid.

Another year high established....

Gosh this is going to be great in the run up to Energy plan and elections.

Hmmm those sellers at 7.31p may be having regrettispagetti for lunch?

FYG. a past post of yours holds great insight...

"Sellers appeared. When Will they learn.

5p sellers regretting it, 6p sellers regretting it and now the 7p sellers will regret it.

You can't stop good momentum !!!"

Lets not forget the manifestos that are being prepared for the elections in February.

If they also contain references to "own coal production" then GCM share price will react accordingly.

Sentiment is Building up nicely....

1.5.... (Getting ahead of myself there....)

Hmmm, Yes.

2.5 bags since my original 3p entry. Very happy to hold these ;-)

Year high breached.

1 MM left at 8.5. Bit more pressure and ot will pop up further.

Another good day for GCM!!!

Somebody is keen to suppress that video translation!!!

Hossain: You rightly point out it was a waste of time (about the delayed coal policy). We have talked about this issue many times. As far as we know, you already brought to our attention the fact that apart from the three mines of (names Phulbari and Bara) we do not have much information about other mines in Bangladesh. The most important thing is that the scheme of development of the Phulbari coal mine has been pending for a long time for Government’s approval.

Context has changed, which is that the high price of land has been determined politically. The population has also increased a little or the cop pattern has increased, and many other problems have arisen. So in this situation, let’s say I’m in Phulbari for example, If we accept the scheme of development and start the main excavation work how long will it take from the decision-making or from the project go-ahead to get this coal I the ground for use?

Rahman: First of all, the foreign company under which the scheme of development was submitted for Phulbari was in 2006. After 2006 a lot of water has flowed into (names some rivers) There have been many changes in the entire management of our country. The number of people has increased many times. People’s livelihoods have changed. So for that reason there is no opportunity to follow that scheme of development exactly now. Some updating will be needed there. So I believe if the government wants to move forward positively with international assistance it’s a matter of a few months. This is the basic work that has been done.

Much of the geological technical information there and what needs to be done about it is complete. But it will need updating. One of two things; who will be the investors here? And how will the government be involved in that investment? If the government can quickly resolve these issues through policy decisions, then I assume that if our country’s culture is taken into account, if it is implemented within a year then at first you will not work on an area of 5,000 to 6,000 hectares at once. You will start working on an area of a few hundred acres. And within 3 years you will already be able to extract some amount of coal and it will definitely be more than double what is currently produced in the big ponds (sic)

Hossain then asks about financing, given that coal is not popular at the moment. He mentions some international development authorities who would normally be the lead candidate but would now be reluctant to invest.

Rahman responds by saying it’s wrong to make a blanket statement like “no one will finance this project” because there are interested parties, including China and Japan. He also says that the Bangla government would also need to be included as an investor for national policy reasons, to show the people that the government has not sold away it’s Coal resources and also to ensure that the pr

It is still in your history. Just copy and paste back in here.

IF/when, Phulbari is mentioned anywhere in any official capacity, then even the most ardent of tree lickers would be hard pressed not to accumulate.....

The country is in dire need of cheap reliable energy to facilitate its exit from 3rd world status.

The Chinese are willing to invest in HUGE B+R infrastructure projects....Bangladesh could provide China with access to the sea on its Western side....

River development project underway?

Seaport upgrades.

New efficient locomotives being sent....

My only hesitation here would be the rife corruption including the BNP.

If/when GCM assets are more formalised politically then the big race starts...

Would consider £1 purchases each two seconds rather than 6p 😉😉

Wiseoldtool using his "payment per post" income to build a stake here ....?

I hear a rumour that a significant MATD investor is offloading his stock and buying up here as his funds allows.

One morning we will wake up to the mother of all news, and it will do 200% in the first 30 mins....

Here's hoping for many bags here!!!

Wise...

"As i satted before & reiterated by Prof Younis - The country is clearly commited to the Green agaenda, with the interim solution being imported Coal & LNG"

Key point being the interim solution, from an interim leader, with very commendable green agenda.

Come February 2026 , he is gone!!!

What is written in the manifesto and December Energy plan will be telling....

Interesting insight there Marg.

WOS being banned for his trolling of the GCM board and now returns as adw.

He does seem like a disruptive poster, even on his favourite MATD board. The posts you highlight are vile, and highlight his immature nature.

Nice read, and explains everything neatly. 👍

Even wiseoldtool will appreciate the impartiality of that article...

Coal has to form part of the solution, to their dire need for more energy and stability of its supply....business are shutting down due to insufficient power availability...

Existing coal power plants are starved of fuel, and some are being fed" wet Indian rocks " at low calorific quality.

Great article 👏 👍

Interesting article....

Although no domestic coal is being extracted, nearly 7,000 MW of coal-fired power plants are in operation. Yet, no initiative has been taken to utilize local coal instead of imports. Ahead of the election, what kind of commitments do you expect from political parties on coal?

Civil society and environmentalists have valid concerns regarding coal. Environmental considerations must be taken seriously. However, given the current state of primary energy supply, from an economic standpoint, we must use our domestic coal. If shortages of primary energy reduce exports and foreign currency reserves, the economy will not be able to cope. Therefore, we cannot afford the luxury of completely moving away from coal and coal power. Industries must run, and employment must be ensured. If coal power can help achieve that, then for the sake of the economy, it must be pursued. At the same time, local coal extraction must be ensured to reduce reliance on imports. However, environmental damage from coal extraction and coal power generation must be minimized as much as possible.

Perhaps building some new coal power plants that have better CO2 recovery would be a way forward...

If only there was a ready made project avaliable to exploit local coal and burn it in the most efficient manner!!!