Member Info for YouKnowItsRight

And it's still exactly the same today. They know the solution to all their problems, they can't kick the can down the road any longer, they have to act.

'Excessive import dependence, deep financial mismanagement behind load shedding.'

'The country's coal deposits are significant but right now, other than the Barapukuria field, only the Phulbari field is ready for development.'

https://www.google.com/amp/s/www.tbsnews.net/bangladesh/excessive-fuel-import-deep-financial-mismanagement-behind-load-shedding-940861%3famp

'The one analyst offering a 12 month price target expects GCM Resources PLC share price to rise to 138.00 in the next year from the last price of 1.90.'

https://markets.investorschronicle.co.uk/data/equities/tearsheet/forecasts?s=GCM:LSE

Adani debt is now $800m as the first of the summer heatwaves arrives. It could all have been so different for Bungla. But they can still put it right by mining the coal and cutting their energy costs whilst also clearing their debts.

https://theindianawaaz.com/adani-resumes-full-scale-power-supply-to-bangladesh/

https://www.newagebd.net/post/country/260231/power-demand-surges-across-many-parts-of-bangladesh-amid-fresh-heatwave

3p paid - 1 hour to go.........

Last year at this time massive buying like this week then the Monday morning 8am RNS came announcing the $1billion mine deal.

Is some news or update on the way?

The local people want the mine.

The local MP wants the mine investment jobs and taxes.

China state owned Powerchina has the finances.

Wham Bam Thank you ma'am!

Just about sums up gcm rises lol

But 1 day Rodney........

Indeed Stas, interesting only 1 large sell of 250k all morning, looks like everyone is holding to see where this goes. If there's no sells them the buyer(s) will have to push upwards.

I wonder how the 138p prediction was calculated- that is some prediction from a 1.9p starter. They could have played safe and said 25p :)

'The one analyst offering a 12 month price target expects GCM Resources PLC share price to rise to 138.00 in the next year from the last price of 1.90.'

https://markets.investorschronicle.co.uk/data/equities/tearsheet/forecasts?s=GCM:LSE

But China and Powerchina took this deal so seriously.

'The Agreement and Contract were signed in a ceremony organized at the Radisson Blu Water Garden Hotel Dhaka. The documents were signed by Mr. Md. Badruzzaman and Mr. Md. Firoz Zaman on behalf of GCM and Mr. Xiong Li Xin and Mr. Pan Deng Yu on behalf of POWERCHINA. Datuk Michael Tang PJN (Executive Chairman of GCM), Engr. Rashed Mahmud (Managing Director, DIPON Group), Mr Anis Khan (Managing Director, Mutual Trust Bank), Mr. Ding Zheng Guo (Chairman, PowerChina International), Mr. Lin Wei Qiang (Chairman, Chinese Chamber of Commerce Bangladesh) and Mr. Xu Jiang Long (Vice President, PowerChina Eurasia) were witnesses. '

https://ep-bd.com/view/details/news/ODA5

Up 25% and not even 2m shares bought.

17m bought on Monday for same rise.

Exciting.

Correct Stas. Also Dhaka wants to export more to China - maybe coal hungry China wants to buy the Phulbari coal as well. So many benefits for Bangladesh, it's a win win for ever party.

'Dhaka wants to increase exports to China and foreign direct investment from China. At present, Bangladesh's exports to China amount to less than $1 billion, while its imports stand at about $24 billion.'

Imagine a friend owed you money and said he couldn't pay you back but you knew he had a Lowry painting hanging in his hallway. Would you just write the loan off or would you tell him to sell the painting?

'During the visit of Foreign Adviser Touhid Hossain to China in January, Beijing agreed in principle to extend the repayment period for Chinese loans and assured Dhaka it would look into the request to lower the interest rate to ease Bangladesh's foreign debt repayment pressure.'

https://www.thedailystar.net/news/bangladesh/news/yunus-xi-talks-march-28-3847146

Chief Adviser Muhammad Yunus is set to hold bilateral talks with Chinese President Xi Jinping in Beijing on March 28, said the foreign ministry yesterday.

The ministries concerned are working on the bilateral agendas and memoranda of understanding (MoUs) to be signed during the high-level visit.

https://www.thedailystar.net/news/bangladesh/news/yunus-xi-talks-march-28-3847146

They can barely afford gas

Their credit rating stinks

The owe the IMF and world bank billions

The US has stopped aid

They cant afford to pay existing coal supplier debts or Adani

And nobody is bidding to build solar farms for them

Looks like the penny has finally dropped and they will be begging China to help them out.

Lol no Pete I dont deramp I just post relevant current information. When the information changes the strategy changes! :)

3.2m bought and 1.9m sold so far today and they've dropped the sp 3%. Dropped it 30% yesterday with just slightly more sells than buys. I wonder how and why?

“We’ve had years of western countries shamelessly saying: ‘Don’t develop coal, coal is bad,’” said Chris Wright, the US energy secretary, last week. Such an attitude has been “paternalistic” and counterproductive for Africa, he added. “That’s just nonsense, 100% nonsense,” Wright said. “Coal transformed our world and made it better.”

https://www.theguardian.com/us-news/2025/mar/12/trump-fossil-fuels-oil-and-gas

Lol Goonerpete on the deramp - must have sold and is looking for a lower re-entry! :)

2.71m bought already this morning suggests you are wrong - 400k sell has just been worked so no reason for this not to rise now if the buying continues. Don't get caught with your pants down, news can come any minute!

URGENT need for domestic coal development -

https://www.google.com/amp/s/today.thefinancialexpress.com.bd/views-opinion/urgent-need-for-domestic-coal-development-1741704932%3famp=true

Coal is available with a project and financing already available.

'Bangladesh’s tenders for 41 solar power plants totaling 2.63 GW have failed to draw any bids, as investors are holding back from projects launched between December and January.'

https://www.pv-magazine.com/2025/03/13/bangladeshs-pv-tenders-fail-to-attract-investors/

India plans to set up trading exchange for domestic coal......

https://today.thefinancialexpress.com.bd/trade-commodities/india-plans-to-set-up-trading-exchange-for-domestic-coal-1741795401