Member Info for YouKnowItsRight

Those that know buy, then sit and wait.

Those that think they know sit and wait for the news to then buy.

Usually by that time 'those that know' have got the value and those that 'think they know' are trying to catch up and end up paying more anyway!

We must be due an update soon, either operational or on fundraising. I'm happy to sit and wait either way. GCM is in a great position. Bangladesh can't afford to import coal. But they need the coal to run the already built coal power stations. They cant afford to turn off the coal power stations as the capacity charges are charged anyway and are crippling. They can't afford to ignore the Phulbari coal any longer. 2 years to the first coal. After all this time it doesn't get much better for GCM.

Pr9fessional - 'Ykir are you buying shares today. If yes how much?'

Lol wouldn't you like to know! Well I'm not going to make it easy for you pro :)

Lol if you're not fast you're last djm! :)

If Powerchina got 99.5% and GCM just a half percent, of $100billion that would be £2 per share.

Incredible figures.

Well done to Professional for pointing that out! :)

'And what i believe: if approval chinapower will reap most of the benefits. Simple'

Professional might have made a truthful statement for once! As Powerchina are providing the financing, the technological expertise and the manpower of course Powerchina will reap most of the benefits.

It doesn't take a genius to see that as proven by Professional!

Whatever tiny percentage GCM takes from a deal worth $100s billions will pay shareholders rather handsomely.

Well done for pointing that out professional!

Professional shorted at 7p.

The big news comes and GCM re-rates instantly to £s.

That would be some kick in the Jacobs for professional.

Come on GCM, make the news BIG! :)

Header says it all! :)

'GCM maintains facilities in the Project area and its resident field team is in close contact with the community and local authorities. The field team is assisted by 67 Community Liaison Assistants ("CLA's"), recruited from across the Project Area.'

GCM has the power because they have the licence. Why else do you think a a 30000 employee monster like Powerchina is signing agreements with little GCM?

That's my last on the subject! Have a good evening. I hope the big news doesn't come before you get a chance to buy at 3p!

Lol professional you have just made an absolute fool of yourself.

You're probably too daft to even begin to understand.

GCM is a party to all the deals. 'A joint proposal with development partner, PowerChina, will shortly be presented to the newly elected Bangladesh Government.'

This is basic stuff.

You enjoy your evening whilst everybody has a laugh at you.

Professional - 'Also do not forget powerchina has a provisional contract with... powerchina.... and somewhere in the corner site GCM trying to get a small slice....'

Lol can you post evidence of this professional? Or are you deliberately posting misleading and false statements again?

Phulbari the question was 'what guarantees do GCM have that it is theirs to profit from, in most cases, the Chinese, the Indians and a plethora of powerful intermediaries'.

We know that Hasina can just ignore GCM and not dig up the coal. But if they do want to dig the coal then GCM have to be involved - 'GCM has received a recent comprehensive legal opinion that the Contract is enforceable under Bangladesh and International law'. If GCM were bypassed then the court case would be worth $billions so the fight would be on. But it's significant that Powerchina are happy to make multiple agreements with GCM so they believe in the veracity of the licence and are happy going through GCM. But yes you're right, having the government on board is a must and has been mooted by GCM.

'Stats, you're not allowed to ask questions like that here unfortunately.'

The poster's name is Stas.

Jamesss can't even get the basics right! :)

Stas if you really are thinking of investment then you have to do your own research and protect your own money.

Anyway - GCM.......

'Legal - risk that the mining lease and exploration licences are revoked. The Group continues to comply with all terms of the Contract with the Government for "Exploration and Mining of Coal in Northern Bangladesh" and is careful to ensure that all ongoing conditions of the Contract and the associated mining lease and exploration licences are met. GCM has received a recent comprehensive legal opinion that the Contract is enforceable under Bangladesh and International law.'

Stas GCM is in a totally different situation to the last fundraise at 1.65. I would guess that was why it was only done for 500k just to get through 1st Quarter. Whilst mates rates might be at play Tang won't be giving shares away for any where near 1.65p. I was hoping we wouldn't need a fundraise before May24 but if there has to be one I don't see it at under 5p.

Hawk thanks, yes I try to stay balanced and just call it as I see it. Hoping we won't see panic stations if there's a plausible explanation for the drop. Same as you mate we are all looking forward to getting it done, hopefully we won't have long to wait for a decision.

Adam we have known about the fundraise for months and it's not due until the end of May24. But that they said it will be done in the coming weeks set a few alarm bells off for me. Obviously for a fundraise at mates rates the sp has to be lowered. I'm still invested and still a believer but I'll be happy to top up at the lower fundraise rate if I've called it right.

Speaking personally hawk, I wouldn't class myself as a naysayer at all. I totally believe in the financial numbers and that Bangladesh has no option other than dig its own coal. They can't service their existing debt and once all their loan options are terminated what else will it do to run its existing coal power stations that have already carry huge financial burden

The current slide in sp is nothing to do with the current project status. It's about greedy people getting as many shares as they can as cheaply as possible. We could all do a Gamestop and force the price back up and scupper their plans, but that won't happen. Theyll keep selling in dribs and drabs and forcing the price down. They'll force the price down and then issue millions of more shares to themselves at a massively discounted price. We can only sit it out and wait.

9.7p down to 6.5p in 2 full trading days. Fundraise imminent. My guess is when it gets to 5p we will see the fundraise done at a discounted 4p. It all depends how much time they have before Hasina makes the decision.

Sp being forced down for the imminent fundraise.

9.7p traded Wednesday. 2 trading days later sp just on 7p.

Fundraise will be done before any news is announced.

Keeping GCM solvent for 12 months is the priority right now. Who knows how much linger Hasina will kick the can down the road.

Price will be forced down to about 5p then shares will be issued at 4p. If they were forward sold that's a nice profit. If they're going to be held that's a lot of shares in a company soon hopefully to be trading in the £s.

Disappointing all round Searcher. So it sounds like we won't get the boost of knowing that the project submittal has been done. On top of that they've declared that the fundraise will be done in the 'coming weeks', way before it was due at the end of May24. We all know what happens to the sp after a fundraise. And how long for a response from Bangladesh after?

That's no good Searcher, surely they have to let shareholders know the submittal has been done. Did they say how long they would anticipate waiting for a response? You would think it would be quick but this is Bangladesh!