Member Info for YouKnowItsRight

1m bought yesterday and 1m sold. No buys today so no sells. Sells constantly appearing way below the actual bid on offer. Somebody is keeping the price around 6 - 7p range and not letting any rise gather steam. For what reason could it be? Only Dyani and Polo have the shareholding to keep selling this volume and not afffect their position. A coming buyout offer would be the main suggestion, but what else could it be?

Who is selling at 6.5p? Lol Blatant price manipulation trying to show a big drop and panic holders into selling. This is only going 1 way and that is up! :)

Redesigning Bangladesh’s Optimal Energy Basket an Imperative

Solar has grown significantly in recent years, thanks to reduced module prices and community-level initiatives. But land availability remains a limiting factor. Coal still offers stable baseload power at a predictable cost, though environmental concerns require modern, low-emission technologies........

It should shift electricity generation to a diversified basket including coal, LNG, solar, nuclear and cross-border energy trade and encourage domestic gas exploration, onshore and offshore, with competitive investment terms.

https://www.daily-sun.com/printversion/842381

Its being managed a2d for sure. Earlier the bid was 7p then 300k sells dropped it to 6.6p. 300k was then bought at 6.95p. Bid stayed at 6.6p! Lol

Lol I saw the article a couple of days ago but it wasn't relevant until you mentioned Anu!

So even Anu has changed his mind now has he? Bangladesh seems to have little option now. Once the IMF loans run out how are they even going to pay to import port coal or LNG nevermind finance the solar farms? They can't and only digging their own coal will let them keep the coal powerstations running to keep the lights on.

Piers Corbyn? Anu is more like dear old Jeremy! Lol

Looks like Anu is back on his foot, being a pain in the backside as usual!

https://www.daily-sun.com/business/841801

For cybertron. GCM have left no stone unturned to build up trust with the locals and GCM will ensure that they are well looked after. Generous land compensation payments are eagerly awaited by the locals.

'Engagement, Inclusion, and Upliftment

GCM's approach puts local communities at the heart of the Project. Our Resettlement Action Plan (RAP)-based on extensive field surveys and updated demographic data-ensures that those affected by development are not just relocated, but supported to thrive.

Key commitments under the RAP include:

· Fair and transparent resettlement with full compensation

· Improved housing and local infrastructure

· Livelihood restoration grants and skills training

· Prioritised employment for local residents

· Support for agriculture and land-based livelihoods

Community Presence, Continuous Dialogue

We maintain a dedicated, full-time presence within the Project Area, led by a locally grounded team and supported by 72 Community Liaison Assistants (CLAs) drawn directly from the community. This ensures we remain in close touch with local concerns, feedback, and aspirations-building trust and laying the foundation for a successful and inclusive development once final approval is secured.'

So cybertron is from there yet thinks 1 million people live there? Lol

Cybertron - I'm from there and it's my country and I know the local area, trust me the peole there ain't moving anywhere lol

Cybertron - plus they need to revise 1 million people

Wiki - Population (2022)[1] • Total 186,682

That $85billion coal must look more enticing by the day.

'When Bangladesh is in dire need of foreign investment, American investors have been pulling out investment mostly from the energy sector causing negative inflow in foreign direct investment (FDI) from the United States after the uprising – for the first time in recent records available with the Bangladesh Bank.'

https://www.google.com/amp/s/www.tbsnews.net/economy/bangladesh-faces-first-negative-us-fdi-inflow-amid-energy-sector-pullback-1294191%3famp

'This won't be given the go ahead simple tooany larger mines with connections to top boys plus they need to revise 1 million people'

Lol only open pit mine can produce the highest volume of coal at the lowest cost. Only Phulbari can be open pit mined. The land owners of Phulbari are desperate to sell for the compensation payments and the people are desperate for the jobs and new infrastructure.

Barapukuria coal mine faces crisis as stockpiles double safe limit

https://bangladeshpost.net/posts/barapukuria-coal-mine-faces-crisis-as-stockpiles-double-safe-limit-164089

Khaleda Zia hospitalised with lung, heart infections. Next 12 hours crucial.

https://www.newagebd.net/post/politics/283093/khaleda-zia-hospitalised-with-lung-heart-infections

Easily explained Fyg, those that bought yesterday pushing the sp up must have known a RNS was on the way - there was nothing new in the rns so the sp hasn't shot up and now those who bought yesterday are selling taking us back to yesterday's starting sp.

Lol Searcher you started the conversation about the EMP not me! No not sold, happily sat with my pot waiting.

Its ridiculous that the outgoing Yunus govt is even doing an EMP but for sure it'll be full of solarpanels and hydropower. It'll be Yunus' last 3 zero's sermon, coal, if mentioned, it wont be positive. We just have to sit tight and wait for elections to play out.

I'd expect those that knew about today's rns and bought yesterday will start off loading soon. All eyes on February now.

Interesting there was no mention of Teesta River Project or the bs phulbari.org website! Lol

'The Company maintains a website at www.gcmplc.com which provides information about the Company's strategy and project information and provides updates on its operations and governance. So Digitless' phulbari.org site is bs and nothing to do with us.'

Excellent report - thorough and well written as expected. I liked these paragraphs -

'The Company enters the coming year with a renewed sense of purpose and confidence. The Interim Government's February 2025 Coal Development Forum set a clear policy direction that domestic coal extraction must proceed to ensure national energy resilience. GCM's Project, being fully studied, internationally benchmarked, and environmentally compliant, stands as the most advanced and deliverable domestic coal project in Bangladesh.'

'We remain confident that, with government approval and continued investor support, the Phulbari Coal and Power Project will become a cornerstone of Bangladesh's energy independence, industrial growth, and sustainable development for decades to come.'

'In parallel, the Directors believe that macroeconomic signals are becoming increasingly favourable. Global coal markets are facing future supply constraints, with many high-output mines maturing and limited new capacity forecast to come online before the mid-2030s. This could lead to upward pressure on coal prices, supporting long-term revenue potential for Phulbari. Additionally, the evolving U.S. energy strategy-boosting fossil-fuel-backed power infrastructure to meet rising AI and data centre energy demands-is already influencing policy shifts across Asia. This may reduce regulatory resistance to coal and align with Bangladesh's urgent need for domestic energy solutions.'

Bid 5.26p

Who is selling at 5p trying to keep the sp down? Lol

Dighipara, Dinajpur and Phulbari are all in the same region. The Dighipara MP has previously begged for the Dighipara coalmine for the benefit of the people. Khaleda Zia will stand in Dinajpur promising jobs and infrastructure investment and she previously approved the mine. The people of Phulbari are desperate for the mine, compensation payments and new town and infrastructure. Only Phulbari can be open pit mined. That mega project will bring benefits for the whole region where everyone in the region benefits.

https://energybangla.com/open-pit-coalmining-possible-at-phulbari/

And to think some clowns on here were predicting civil war after the sentence was announced! Lol Hasina and Awami League are finished. Bangladesh has bigger problems.

Last GCM accounts were published 19/11/24. I wonder when this year's accounts will be issued. They should include really positive updates.