Member Info for showmethemoneysh

Posted by yourself a couple of weeks back…

YouKnowItsRight

Posted in: GCM

Posts: 1,278

Forget about Barapukuria26 Jan 2026 17:44

“Increasing underground mining at Barapukuria is just not feasible. Digging the coal costs more per tonne than importing it. Only an open pit mine will give them high volume high quality coal at a low cost. It's generally accepted only Phulbari can be open pit mined. And only Phulbari has a confirmed plan in place that can get to the coal within 2 years. Even the previous govt's mooted Dighipara coalmine will take 8 years to get at the coal. Phulbari is the only option to save their economy.”

Unbelievable 💥

What’s your view on Tang Phulbari?

So much positive news, which makes the SP sat in the 8's even more surprising. This is being held and controlled - maybe not to the point it was in the 6's but the placing stock is being used to keep a lid on any movement it feels.

Been patient for what seems a very long time mimbrit. I would like to see some action over the next weeks/month at least. If GCM aren’t asking these questions then they should be…

I think we are all hopeful the fundraise was done due to impending need to ramp operations up…the BNP need to take a decision and quickly, this needs to be short, med and long term and not a sticking plaster. They have no money to keep importing and they have explicitly said they intend to mine own resources and develop the north. If they decide to procrastinate now then maybe we should use the funds to support litigation? Not what anyone wants but how long does this keep going on…we are all getting older, Tang is getting older?

Just wish they would crack on Searcher, been in this too long now. Need to put it to bed one way or another. I've been looking forward to this day for months, i'll be honest, sad as it is. Even when Hasina was overthrown we had a spike...the BNP securing over 200 seats i genuinely thought we would be well on our way! I don't buy that its been priced in...its Bangladesh after all so the Market wouldn't price something in unless its fact. Its a Fact BNP are going to form the next government.

Interesting, 2yrs to coal so they better get their skates on and approve something to eleviate this sharpish. These problems aren't going to go away any time soon and the mandate they were elected on had some pretty big promises - Teesta? They could get started with this almost immediately and, of course, do not need the Phulbari overburden but its makes absolute sense with the Contractor being PC.

It feels like something is underfoot but waht do i know - clearly nothing or i would have traded this like every other clever clogs. The placing recently didn't seem necessary and although some would argue prudent its helped supress the share price - deleberate?

The dillution in itself should not have the impact it seems to but the overhang of shares will sure temper any buying - if feels like the BoD just keep chucking buckets of water on us once we get the BBQ going. I'm hungry.

Another risk out of the way, Jamaat would have not been as keen as BNP to deal with China so excellent that BNP have secure a good majority. Am i dissapointed with the current SP, yes, massively so but i guess it will move when its ready. The placing would have definately had an impact - shifting those with current volume is going to take some time i guess, i'm just surprised people aren't buying more.

Surely you provide a link to that Boompatti? Being legally qualifie d and all?

What site are using for the updates Searcher?

Good news Searcher, let’s hope BNP secure a strong majority

How long do you think it takes to do a proper feasibility study?

Hopefully BNP will secure a good majority and we can start to move forward. I’m amazed we aren’t higher given history but we are where we are. Market likes stability and an election in Bangladesh hasn’t delivered this in the recent past. Let’s see how the next few days pan out.

I saw that, free and fair...then offers Bribe to voters. How many extra will that sway?

Https://www.londonstockexchange.com/news-article/PPP/company-update/17457149

I think that's absolutely fair enough - it could be life changing for everyone invested but the closer we get the more the Risk seems to magnify. I've been wrong on many and why i'm a useless trader. I've always seen this as an investment foolishly some would say. Everybody deserves one life-changing share right?

You listening Michael 😊

Because some things are more important than money. Don't get me wrong - 50p would change my life but if Tang decides otherwise then i will move on.

Busy board today. We have waiting yrs for this moment and it could be the start of a meaning full shift. I believe that this is a turning point for Bangla, after all thats gone on i have to. Its an investment i've believed in for 15+ yrs.

To me it seems as though these placing shares are being used to keep a lid on things but i have no idea why - surely Tang wants the SP higher, i can't see how it benefits him or any shareholders. It could be cash to facilitate quick approval, it could be to let some of his mates buy in, GoB, etc. GCM don't need the cash to keep the lights on as we had plenty of runway...Even with 500m shares in issue GL has to be worth many multiples of where we are now.

If Tang screws us, so be it...it will be a shame and i will have totally lost faith in the Markets (i'm close already).

If Bangladesh chooses Jamaat or another party or the Election is rigged then so be it, the country will remain poor and the people will suffer.

...if BNP win tomorrow then i think its the start of the re-rate...where that stops i have no idea now but it will be a watershed moment. Never have we been this close in reality. If we sell now then the last 15+ have been a waste, the yrs of Hasina rule, the Interim Gov...all a waste.

GL all.

They will face the same problems that the BNP face, accute energy crisis, no foreign currency. BNP are favourable and many predict a landslide but anything can happen in Bangla and anything can happen on Election day as we hasve seen in the recent past.

Its a risk, but then we are at sub 10p, again...the raise today i see as positive.