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[wurrum] 22/9/2016 23:53

No open pit at Bara is not game over at Phulbari. It could be argued the opposite. Converting the disastrous Barapukuria underground mine into open pit was always going to be a challenge. Abandoning the idea may well fast track Phulbari. Nothing here proves GCM's SOD is not a goer.They still have grand plans for own coal... Where will it come from?

[baxtea1] 22/9/2016 20:33

GPBack
Gov backs open pit Phulbari
Apologies. Read far too quickly


Hahahahaha. Bet he creamed his pants in his excitment to post it, lol

[thebullyboy] 22/9/2016 20:14

Feel sorry for anyone caught. Was watching and waiting for 9p. Stay away I think!

[highly geared] 22/9/2016 19:27

So ,the dream's finally over then....... until the next half baked contradictory government policy shambles.... Funny how all GCM's studies never identified technical issues with open pit.

[mrshaungcm] 22/9/2016 19:16

hxxp://www.daily-sun.com/post/169050/Govt-backtracks-on-openpit-mining-in-Barapukuria-Phulbari

[baxtea1] 22/9/2016 17:01

Lse rampers very quiet of late. Not so full of themselves now are they. Told you it was another false dawn

[pumped and dumped] 21/9/2016 19:03

DUMP NOW

SELL ASAP

[mrshaungcm] 20/9/2016 19:27

hu 10:56
Re: Any chart updates?
rRomeo29
Mid-price at 17.75p right now, so we are still above the sell-alert. But the trigger line is very close now. If GCM insider fail to maintain 17.60p, then quick retrace down to 14.10p. And from there on we could see 9p again.

New buy-signal only possible IF the 19.50p wall is climbed. Make sure to check for yourself anyway:

[mrshaungcm] 20/9/2016 19:26

Thu 10:50
Re: Any chart updates?
rRomeo29
When Sp bounced at 22p the calculation was:

---------------
Don't allow the Sp hanging in the air for too long without fresh support/buyers. Otherwise retrace back to 18p and 17.60p.
Careful: If 17.60 is breached, then drop to 9p!

[mrshaungcm] 19/9/2016 16:31

just gone twang
hxxps://images-eu.ssl-images-amazon.com/images/I/41vyJKrnC2L._AC_UL160_SR160,160_.jpg

[baxtea1] 19/9/2016 07:57

Morning all, lots of straw clutching from desperate rampers on lse over the weekend then. Looks like some are having sleepless nights, lol oops

[thebullyboy] 16/9/2016 10:41

I was just looking back some of the proposals Asia Energy put to BD governments in the early days.

AEN wanted to export most of the coal and wanted the the BD goverment of the day agree to it. At the time BD did not require or have the power plants for the coal. I am astonished they could think a poor country with very little resources would agree to such. AEN did handle it very badly. GCM have to bring the country or BD gov into the project as a major partner and not on a measly 6% royalty.

I didnt see much change with GCM pre Tan or now with Tang. In any business, if you want to move things on you have to change your strategy and try alternatives. I thought Tang would bring in Asian investors and transfer the face of the project from AEN/GCM a UK listed company to something different and therefore make if easier for BD gov of the day to sell the project to the country - i.e. its not longer AEN! All I have seen from GCM is we have a binding contract and thats it. Is anyone really surprised things have not moved on?

[baxtea1] 16/9/2016 07:56

Agree mate.

Part of the contract does say they would be entitled to claim back all costs.

But like you say, would be years at which point GOB would probably have phulbari at full ramp up.

I think if Tang hadn't turned up dreaming he could get a result then they would have begun proceedings already

[mrshaungcm] 15/9/2016 21:14

I expect there is an insolvency clause in their contract - ie if go bust - loose contract - arbitration would take 4/8 yrs - should have started that yrs ago as we discussed yrs ago