Member Info for YouKnowItsRight

'Even the savings and revenue from mining phulbari will be too little and too late now.'

Its never too late Redeyesmines. Powerchina are sat waiting with the mine development project ready to go. Coal within 2 years. Even at today's low coal prices the coal will give a $100billion boost to their economy. It'll save their foreign currency reserves not spending dollars on importing coal. That will strenghen the Taka. And it'll give them some energy security and help end crippling power cuts in the country which will not only stop further decimation of their garment industry but also may attract global manufacturers to set up factories and create much needed jobs.

No it's never too late. 2 years. She can muddle through 2 years with light at the end of the tunnel.

Every share getting sold is being bought. There is still a buyer who clearly has confidence in success.

Tin pot companies don't have partnerships with huge China state owned companies like Powerchina.

It's more likely you're a tinpot trader with such ridiculous comments. If you hold shares then just sell, then you don't need to whine any more.

Don't worry they'll be quickly bought. :)

1.2m sold. 1.3m bought.

The buyer needs your shares and he's stopped buying because the next buy pushes the sp up!

So come on nervous nellies, sell sell sell cheap cheap to the circling sharks! Lol

Regardless of how the sp is being manipulated each and every day whatever is being sold is being bought.

Who is buying as everyone else is in panic mode at the dropping sp? Even on the first day of the riots in Bangladesh 2.5m shares were bought. Everything that was sold was bought. That is 100% confidence in gcm.

Today's sp does not reflect the true company value with its massive Powerchina partner on the cusp of multi$billion deal. 100s of millions of shares have been bought in the last 3 months at near double this sp.

To me it looks like those buyers have accumulated their target shareholding at the full sp. Now the buying is just what ever is sold.

We just have to sit and wait and ignore all the games. A decision can't be too far away now. What else can Hasina do to keep their existing coal powerstations running?

And all Hasina's corrupt cronies could be buying 1m to 2m shares per day and some people on this site would say it means nothing, she's never going to allow it, she's going to run all of the coal powerstations on fairy dust! :))))

Bangladesh protests ALWAYS turn ugly. Nothing new.

The Chinese have told her no more handouts whilst you're sat on all the lovely black coal worth $billions.

India is opening 3 more coalmines - not to give money to Bangla.

How's she going to pay her existing coal import debts and import future coal for the existing coal powerstations?

She's cornered and the only solution to the financial and energy mess is mining the coal.

We see you fission! Lol

30m bought in excess of 6.5p - no doubt tipped with a nod and wink. Still buying 1m to 2m per day.

But they should have waited for fissions sub 0.5p and bought then instead!

:))))))

Pappi 2m (or more likely 2.6m including the late 600k trade) was bought on Monday during the height of the riots and curfew, with the Bangla Internet shut down.

Or there could multiple buyers loading up.

Anybody continuing to buy 2m shares as Bangla was in the midst of the riot and the sp dropped must have massive confidence in the project being successful.

Yesterday saw 2.6m sold and 2m bought.

Now today theres another 600k buy posted for yesterday.

That's exactly 2.6m sold and 2.6m bought.

Every sell 'whilst Bangladesh burnt down' was bought.

Yet they dropped the sp massively.

They are squeezing the life out of the sp but all the time accumulating more shares.

Who is.confident enough to buy 2.6m shar

600k from yesterday morning 9.05am at 4.45p. The bid was 4.1p at that time so looks like that was a buy.

If that 600k was recorded with all the sells at that time we would still be in the 5p range and may have stopped some sellers.

The game is rigged against us shareholders.

As Bangladesh riots over jobs this is exactly why they need to mine the coal and end their energy crisis. What is Hasina waiting for?

“India is also ready to boost their RMG industry and their government is also providing incentives, uninterrupted power and energy supply. They have almost all raw materials.”

https://businesspostbd.com/economy/rmg/energy-crisis-forcing-buyers-to-leave-bangladesh

I said Friday the sp would be dropped to 4p.

All following the plan.

Positions taken. Approx 1/3 of the shares in issue have been bought over the last 4 months. Most way above 6p. Buying has now stopped.

SP drops causing panic which are then hoovered up.

Let the dust settle then the news will come.

Ignore the doom mongers. Given the riots are about jobs and the people's desperation for employment there's no better time to announce an initiative that would see a perfect power supply for the next 30 years that would allow global manufacturers confidence to set up factories in Bangla. Might also save their textile industry before even further damage is done.

It's all following the playbook. Mms still offering for huge amounts right now. Expect the reported late trades later or tomorrow showing all the buys today!

Looks like the buyer has finally stopped.

MMs have closed the door.

We are all trapped now! The 1m bids have long gone! Lol

But on the flipside to that, those not holding are also trapped, nobody will be buying any decent volume once the good news comes either!

And the good news will come. My guess is the buying hasn't been done until the last minute. So its well planned and now time to let the dust settle. We may be waiting months now. SP may drop to 4p as some holders won't want to sell and mms will be only too happy to exploit them. But there's been just too much recent volume for there not to be a purpose, a strategy behind it. 4-5m a day traded for weeks. That's not a random punt.

And all along even the lobbyists DGi was not tempted to sell their shares at 10p doubling their wages over the last few years. Neither was Polo or Dyani. All at the forefront of the project.

Sit and hold, this is happening. They need the coal. And GCM and Powerchina have the keys to unlock it. There is no other explanation for the buying volume.

So it's self-regulatory with little enforcement - mainly the buyer is just not able to use the new holding to caste any votes. If the buyer wants to remain anonymous then they can just foregoe any voting rights. If a vote is needed on a decision, such as a takeover, if they want to participate they can declare their holding then vote. Buying in numerous accounts would also avoid having to declare but still give them voting rights. If there was a big bigger as we susupect anonymity seems to be of a higher priority right now, which begs the question why?

Both done exactly the same time - 12:50:15 yet different amounts and 1 @ 5.0p & 1@5.02p.

Other buys at that time were 5.47p.

Other sells were at 5.225p. Which is what I was getting bid at.

So Isa or not how can anyone 'buy' at 5.0p at that time?

'That was just a Bed and ISA trade. NOT two sells'

How do you know that?

They tried yesterday with 2 x 150k sells at 5.0 & 5.02p, way below the bid.

And it's a flurry of sells today trying to cause panic.

Yet mms will still bid for any huge amount of shares. When does that happen when selling is high?

Whilst it's tempting to sell and buy back at the coming lower rate I won't be be as once the good news comes it'll be impossible to buy them back.

Don't be fooled by the dirty tricks of the greedy. :)

Redeye - your posts are always factual and interesting. And have always been positive.

My guess is news will come during Hasina's visit to China. Big buying positions have been taken. For some getting the price down even lower would be an even bigger opportunity to hustle some side bets. Usually the share price is pumped up and those on the inside sell high and get their profits before the promised news fails to be delivered. He1 and odx are recent prime examples. But gcm is different. No pump. Silence. Main shareholders not selling even during the recent 10p highs. Positions taken. But the greedy ones will want to buy at even lower prices. That's why I'm expecting an attack on the sp over the next 2 weeks. Luckily I called he1 and odx right. And I'm holding here until the bitter end no matter what shenanigans are played out! :)

Watching 4m buys in a day and then seeing how the price is dropped back by the end of the day had me thinking what if they actually wanted to plunge the price right down, maybe back to December levels could they do it? And the answer is absolutely yes with a few bits of negativity put out and a flood of sells.

Then we have someone like redeyes who was previously always very positive and sourced some good info from Bangla, good info that sometimes led to a splurge in buying, now casting doubt on the future, suggesting a measly buyout in single digits. Phulbari has also reappeared without his recent positivity.

Dark forces are at work and we can be sure that us shareholders are the least concern of all those closely involved in the project.

We know the govt decision is imminent, we know they have no dollars to import coal and that they need to dig their own coal just to survive, so we are all confident of a favourable decision. Hasina's upcoming visit to China would be an ideal time to announce a whole batch of projects and commitments.

I fully expect an attack on the sp in the next few weeks, more negative posts and and a few chunky sells. Keep your wits about you and remember any negativity could actually be a positive sign! :)

290 sold at 5.75 despite bid 5.92p

How is this even still in the 5p after the huge volume bought today?

Are we expecting another Friday super RNS I wonder?

The pattern is there............