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How many people (really) think now finding uncertainty out of way & Project submission taking place - we will not be BACK into double figure SP soon!
Good to think about!
🦉
Should see 8p plus today.
Thanks . Trading Signals clear. Lets make more money... wink wink...overhang still big lets profit from it again today
Header say ALL - can be back up with HARD INTEL before anyone try to criticise it!
Pre-Election pledge is very clear and resin for this is very clear - Economy is in CRISIS because of Global Energy issue / Forex catastrophe / Domestic Energy supply meltdown - FACTS!
Energy Minister has mention now that they HAVE TO look at Domestic coal production and Phulbari specifically mention.
DIRECT FEEDBACK FROM GOVT SUPPPRT THIS & EXPLAIN POWER CHINA MOVE TO CONTRACT BASIS.
Price - we can see CONSOLIDATION and like last placing in late Jan price did not touch placing price & Instead Multiply in following weeks.
Since then we have POWER CHINA CONTRACT DEVELOPMENT/ LONG TERM FUBDING UNCERTAINTY REMOVED/ MINISTER DIRECT REFERENCE TO PHULBARI and expecting PROJECT SUBMISSION "shortly" from 11th March RNS and probably submitted now if we look at RNS/AGM/MEDIA feedback!
Buy or not - I expect pattern of Consolidation to Uptrend continuing will repeat as Free Stock become tighter & tighter with Accumulation strategy of Investors off Intel Feedback
EXCELLENT (Hard) INTEL AGAIN FROM CERTAIN POSTERS - Thank you 🙏
🦉
Header should have Adverse consequences of load shedding
Finacial Express editorial
https://today.thefinancialexpress.com.bd/editorial/adverse-consequences-of-load-shedding-1713974243
Not able to pay airlines either because of $ shortage crisis, not being able to pay for imports of all sorts of items as s result of energy import fiasco.
https://www.tbsnews.net/economy/aviation/iata-calls-bangladesh-unblock-323m-airline-funds-835761
State Minister for Power, Energy, and Mineral Resources Nasrul Hamid told the media, "We are asking power plants to run at full capacity. However, the main issue here is finance. The gas supply needs to be regular. I have enough power plants. I can supply up to 18,000-19,000MW. Coal-based power plants are also in my hands. My primary challenge is ensuring continuous operation of the power plants and providing them with financial support. This is my main challenge right now."
Incredible admission of failure!
Rare sadmission of failure"
In this reality, the Bangladesh Secretariat has been instructed to limit the use of electricity – a rare restriction for the country's administrative hub, which usually enjoys uninterrupted power supply."
https://www.tbsnews.net/bangladesh/people-suffer-load-shedding-hits-1500-mw-835691
Energy & Power Magazine | Ruling Party and Its Pre Election Pledge for Mining Domestic Coal https://ep-bd.com/view/details/article/MTAxMDQ%3D/title?q=ruling+party+and+its+pre-election+pledge+for+minin
Wrong again Wos...
Sp went up because punters entered for quick win.
If announcement is not coming SOON ( wink wink)...SP will drift....as usual. Simple. Be wise
Should not be long now before we start to get some feedback through the press of last Sundays 1st meeting of the energy department of new government!
“The country's overcapacity for power generation has been negated by depletion of domestic gas, costly and uncertain import of oil, coal and liquefied gas on account of dollar crisis. More daunting will be the challenge if war in the Middle East escalates. ”
https://thefinancialexpress.com.bd/editorial/adverse-consequences-of-load-shedding
BUY Signal will be trigger and should see repeat of what happen to price after last Fundraise with strong push back on Uptrend.
Also last Fundraise we did know we needed another one few months later & price still push upwards because of all Hard Intel and massive UPSIDE potential.
Now we have MUCH more certainty with full funding for next 16 months (not few months like before) AND PowerChina move to $Billion contract AND Nasrul Hamid Energy Misister comments on Open Pit Mining / Phulbari.
Do we really think it will not push thru Double figures this time & with funding uncertainty out of way now?
🦉
Excellent day with some good volume… and would of taken another big chunk from the placing stock…
Not long before we will hopefully be let loose completely 😅
To sell to someone tomorrow. It’s started the uptrend imo.
Strange goings on…
They will gladly take 300k shares of me on a dummy sale. First time in ages.
Yep a penny or two who cares its ££ bfore the digits then were talking
Clear Capital and Axis clients holding such a big slug could have instructions with their broker to play the market which is easily done I would have thought if volume is low enough and there are traders about and the MMs use their arts. If they are in the know which some of them must be imo, then of course it is market abuse but tolerable if approval is assured.
Guyswonga74, not honestly sure tbh, but they have been forward sold into the market imo since around 16th April, and so hopefully there can't be that much left now ....
How much churn is left?
That’s a marginal profit there recession. After being involved for 15 years, it’s the big prize I’m after.
Got to close near 8p ready for next leg up.
9p plus then 10p Plus.
Now.
Soon break 2M buys
Good appetite as we gear up.
8p plus close today ready for 9p tomorrow and 10p plus Friday.