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Only Phulbari has the coal near the surface. Only Phulbari can be openpit mined. Only open pit mining will give them the coal at a low extraction cost and in high volume. Approval for Phulbari mine looks a certainty.

Will they let it rise? Today will be interesting. They also said they want the energy companies listed on Bangladesh capital markets. Will approval only be given to a Bangladeshi energy firm - is that why the price is being held for a buyout? Would make sense. Taking out all links to Asia Energy and gcm, giving the mine to a Bangladeshi company would be a PR masterclass.

He said that no realistic reservoir management study was carried out since 2001, adding, “Gas exploration activity was stand stilled for the past 16 years. However, limited allocation was in the energy sector but huge amount spent in the power sector. Sustainable power supply is not possible without investment in primary energy.”

“There is no progress in the coal sector and no new integrated energy policy was formulated since 1996,” he said.

https://www.bssnews.net/others/357499

'Additionally, the Bangladesh Power Development Board (BPDB) has to purchase coal from Barapukuria Coal Mining Company Ltd. at approximately 45 per cent above global benchmarks price, pushing up the cost of coal-based power generation. '

https://cpd.org.bd/publication/currents-of-change-volume-3-brief-02/

'No strong evidence of suppression'

Lol

300k bought Friday 250k sold.

The most likely next leader of Bangladesh said over the weekend that Bangladesh will dig the coal for development and prosperity.

And then somebody sold 1.8m shares yesterday to offest the buys and keep the sp at 7p.

Killed the market and nothing of not bought today and so nothing been sold.

'The company's decision to raise cash ahead of the election was both smart, responsible, and pretty obvious in hindsight. The was an opportunity and they took it.'

No it wasn't. The company had stated it had funding until after the election. In theory the price could have been 50p after the election for the fundraise. Instead the fundraise was done at 6p creating 16m shares. At the time the sp was moving up to 9p and they announced the fundraise at 6p which dragged the sp down to 6p. If we was still at the 9p when Tarique announced digging own coal the price would now be well into double figures with supreme confidence. Instead we are stuck at 7p. So why did they do that?

Digitalis updating his badly written fake website again! Lol

Remember the GCM accounts stated they don't have any other websites and all news will be posted through the gcm website :)

Waiting for Tarique Rahman's speech Shouston did a post of a spoof Tarique speech about digging coal, carrying favour off India and thanking Allah for the Brits.

I thought it was funny, certainly didn't deserve a hurting with an iron bar.

Shouston wasn't that far off the mark as it turned out.

Digitalis 'Shouston should be f**ked with an iron bar for that'

Enough said on the toxic plant Digitalis.........

Gcm went to 70p in just 1 day on Powerchina and GCM signing an agreement in Dhaka - with no Bangladesh govt input/approval whatsoever. We now have an about to be elected prime minister of Bangladesh saying that his Bangladesh will dig their own coal for development and prosperity. They may well be planning on digging every accessible coal seam in the country up, but if its only 1 mine then only GCM/Powerchina's Phulbari Project can finance and deliver the cheap coal within 2 years. That is an undeniable fact. Tarique rahman is not talking about developing the north in 7-8 years. He needs it during his 1st term to carry out his ambitious plans. He needs the money now, in the pipeline. The sp should not be 7p. Who is selling and killing momentum? I wouldn't be the least bit surprised if the 16m shares just issued at 6p are being used to keep the sp at 7p. The company was funded and didn't need the fundraise. A profit and keeping the sp subdued. Nice work. Not saying its a dont buy as anyone buying now will see a nice return for a couple of weeks wait.

Enough to take over gcm within the law. Why else keep it at 7p? The most likely future leader has said digging own coal to fund developmental and prosperity of the north.

And the sp is still 7p........

2m bought and as predicted enough sells by the market manipulator to keep the sp at 7p.

Why else would anybody be selling after the most likely next leader Tarique Rahman declaring digging coal will help the north prosper?

So why keep it at 7p? A low ball buyout is the only reason.

Normally, even just a minor Bangladesh govt official mentioning digging coal for regional prosperity and wealth would send the gcm sp into a big rise. For the most likely next leader of Bangladesh to declare this should see a feeding frenzy unlike anything seen on gcm before. No mention of Phulbari. Yet. But only an open pit mine will give them the coal they need at low cost and only Phulbari can be open pit mined. And only Phulbari has a project ready to go with Chinese funding already secured. Only GCM & Powerchina can deliver coal within 2 years for the new government.

However the sp has been deliberately suppressed and has not been allowed to gain any upward momentum over the last few months, with equal number of sells constantly appearing after any buying.

Tomorrow will be a big test. My guess is there will be a big sell off first thing to kill the momentum and immediately put off any buyers. There will defintely be big sells through the day to push back.

Hopefully there will be no games and the market will be allowed to work the way its supposed to work.

This is why energy security is the single most important issue for the new government. The most corrupt and expensive energy ever and the Bunglas need even more of it just to keep the lights on.

https://www.reuters.com/business/energy/indias-adani-boosts-electricity-supply-bangladesh-despite-souring-diplomatic-2026-01-28/

Imagine reading the rubbish posted by the demented MATD clown wiseowl/warrior then panic selling 1m shares for 5p peanuts!

Thank you very much said the mms! Lol

Just what I was thinking jollychippy. Jarvis no longer offer share dealing services. All clients shares were transferred to ii. They are old percentages so it it old data and quite possibly Jarvis no longer hold any shares.

As I said, if Digit said it.......... lol lol

None of the other sites are showing Jarvis as a shareholder. They must have held for a while on them figures as GCM's website show different percentages since the update after the fundraise shares were added. If its old data they might not even hold now as they no longer offer share buying services.

Lol gp back do you have a link showing these £300k worth of shares you say that Jarvis Securities plc own? You really think Shackleton was sacked for some company buying £300k worth of shares? Lol

Obviously Shackleton was already in talks with Jarvis and Tang must have been informed by Shackleton when agreement for him to join Jarvis was reached. Tang obviously felt the 2 roles were not compatible and so dismissed Shackleton immediately.

The question is why? Many of these NED types float about different boards and hold several positions at once. Really its only a paper position to appease stock market regulations.

Negatives, board change always rocks the boat and it allows all the usual bs on both sides on these boards to fester.

Positives, 1 Jarvis look dodgy and Tang was just not wanting gcm on the cusp of a huge deal with a new 'corruption free Bangaldesh government' associated with their shenanigans. 2 he would not so brutally dismiss Shackleton if he was worried about Shackleton going public on any bad dealings by gcm. 3 might give an opportunity for a new dynamic replacement to join the board.

Conclusion, nothing to worry about. The £1m fundraise shares were just taken in about 3 days. The interim govt are recommending own coal resources be used. Powerchina still have the 2 year contract extension in place. Nothing has changed.

Digit said! Lol lol Digit will post any old rubbish that is not even remotely true. Thats why he keeps getting banned. Remember the Digitlis is a toxic plant!

GCM dismissed Shackleton yesterday and today Jarvis issue a RNS that he has joined them as a ned.

Interesting comments on the Jarvis LSE bb. Posters think Jarvis is winding down and will delist shortly and the 10m funds will disappear.

Regular GCM poster Ripley94 appears to be invested in Jarvis. I wonder if he has any opinions on this?

So why would Shackleton be joining this outfit who are allegedly about to rip off their shareholders? Is that why Tang dismissed him, didn't want GCM's name tarnished by association?

No he can't.

All the contracts signed with Powerchina are with GCM plc. GCM plc also has ownership of the contract to explore and mine the coal. Completely different situation to Polo Resources. Delisting would nullify everything and maybe allow Bangladesh and Powerchina to go it alone. Tang may attempt a cheap buyout of GCM but without the Polo loan share conversion he won't have enough control of the voting. So the longer BVI are stalling on reinstating Polo is good for shareholders right now. Just need a quick replacement for Shackleton.

He was only a puppet appointment so probably nothing to be worried about.