Member Info for YouKnowItsRight

Bid 5.65p

Mms will bid for massive amounts. Usually when sp drops the mms close up and won't buy anything. Now they want to buy as many as they can get their grubby paws on.

Don't be fooled. I'm expecting a busy Friday afternoon, clearly the mms think the demand is there.

Calm down fellas, it's not factual so stop talking about it, don't want to be upsetting certain posters any more today! :)

Great find Searcher, lord knows how you found that you little minx!

'Haha, anybody still think this isn’t being manipulated'

IIka!

Lol

'Although if anything exciting was coming out for us i think we would have seen a more positive reaction by now'

2 x 1.25m trades or 10m bought in 3 days not exciting enough? :)

Lol There's your truth Ilka. You are right, there is no market manipulation at all, its just that there is no chance of the project getting approval. The price will soon drop to 1p then zero pence. There is no forex crisis in Bangladesh. There are no coal powerstations in Bangla. In fact there isn't even any coal in Phulbari. And Powerchina doesnt exist. You are right, everybody is lying, it is just a scam to pay Tangs wages for another 10 years. So best sell and get what you can back before this sinks into oblivion. Good luck.

And Iika you are the worst kind of poster - the 1 that pretends they are a newbie and don't know how it all works yet spawns negativity in every post you make. The rules are very simple, if you don't like being invested sell up and move on. Don't read any of the information. Nobody forces you to be here.

The have just reposted the 1.25m from yesterday.

So it was 2 x 1.25m buys straight after each other.

2.5m bought in 2 swoops and the sp didn't budge! Lol

What is going on? It must be good! :)

My guess would be the first 1.25m trade was posted at 5.72 in error so was cancelled then reposted at 5.75 20 seconds later which was full ask at that time.

The mms have then showed the cancelled 5.72 trade 1 day late just to keep the waters muddied and leave us guessing.

GCM has had over 10m shares, 3.5% of its share base, bought the last 3 trading days and they have dropped the sp. Any other share would be rising rapidly on that volume with positive RNSs feeding the frenzy.

But someone wants to keep the GCM sp down. Who and why?

Mms forcing down the price. Trying to cause panic sells.

Bid 5.37p. Take any amount.

Then 2.5m bought at full 5.72!

Don't be fooled.

Nearly 4m bought today, 500k sold. Identical figures yesterday.

Mms trying to bring the sp down again.

New Bangladesh Energy Budget due any day after tomorrow.

Will they dig the coal? Do they have any other option?

The buying says somebody knows something!

Moving up.

Strange this. About 1m sells dropped it from 7p to 5p and about 6m buys last 2 days and it's still in the 5p zone!

What is going on?

The new energy budget could be out over the weekend - we know it will discuss Bangla has no dollars to buy coal and all its credit is now being blocked, BUT will it discuss digging own coal?

Take your bets!

Could mms be hedging their bets, selling shares they haven't got but keeping the sp held back so they don't lose big time if there is an announcement.

2m bought 129k sold

Mms desperate for shares but they are holding the sp back. That's 4m bought in 2 days.

Last day of May today - new Bangladesh Energy Budget will be published June - 2023 it was 1st June

The new budget will surely include they 'can no longer afford to import coal so will have to dig own coal'

Really wouldn't want to be out of this over the weekend! :)

Mms will bid up to 400k. Mms want the shares. Today 1.5m bought, 15k sold. SP should be moving upwards so how are the mms holding this back?

Same report - it really does sound like it's a done deal and will be mined.

'For Fulbari mining, 2,000 hectares of land will be needed, but it will be restored for agriculture within 3-5 years after extraction. Fulbari mine area spans 54.8 square kilometres, with a population of 46,500, requiring 10-12 years for rehabilitation.

A model town will be constructed in Fulbari's western part, with farming allowed until mining starts. This rehabilitation plan will cost $1 billion.

Nasrul Hamid has given assurance that groundwater will be managed during coal extraction, and locals will be employed and rehabilitated.

He highlighted that coal mining may reduce crop production of Tk 5,000 crore annually but importing coal could cost about Tk 70,000 crore yearly in future.'

State Minister for Power, Energy & Mineral Resources Nasrul Hamid has recently said that it is not possible to leave so much coal underground and import it. “Sooner or later, we will have to extract coal locally. For this, local people will be paid adequate compensation.”

https://businesspostbd.com/power-energy/govt-reviving-plans-despite-strong-opposition

'The agency sent the report to the Ministry of Finance for consideration in the national budget for the fiscal year 2024-2025.'

The 'agency'must have been directed by the Finance Ministry to produce the report. The only solution to their finance and energy problems are clear to see to all. Dig own coal.

Meanwhile the very same Finace Ministry is being hounded by Adani for $700m arrears.

The noose is tightening around Hasina.

https://www.google.com/amp/s/www.tbsnews.net/bangladesh/energy/adani-requests-finmin-quickly-clear-electricity-bills-863621%3famp

If those 2 huge buys were put on yesterday the market would have reacted positively and the sp would have risen.

So today the dirty mms held them back and showed every buy as a sell trying to create panic sellers. They were happy to bid up to 400k all day at 5.61p.

Make no mistake mms are worse than bookmakers - they follow the money and expect to make money on every transaction, also they have the advantage of following certain accounts and also can get inside information that they can use for their advantage. I wouldnt be surprised if they attack share boards as well.

It's been a good week, there's been high volume of buys with no news whatsoever, so we cant be far away now from some real positive news.

How can all the 5.74p trades be sells when the bid was 5.61p?

Mms reporting them as sells trying to pressure people into panic selling by creating uncertainty.

It's not working, there is not many sells coming, but the buyers will have to kick start again this afternoon if they want more shares.

More BS from Negatuve. The 30m shares are well forwarded and safely in pockets.

Mms dropped the sp to cause panic, they were happily bidding for 500k at the close at 5.55. They won't bid if they're working off a big sell. They want shares for a reason.

No doubt there'll be more solid buying in the morning.......

Your 200k was just gladly taken for 5.9p!