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Up she goes. 8p by end of day?
Placing churn nearing an end full ask being peppered
ManuDave, morning mate, it does make nice reading, especially as its coming from Hasrul Hamid, (the Energy Minister) ... and although we have heard some of these comments in the press recently, it is nice to hear it officially on a BBC Bangla broadcast though :)
On that last note - we are now bidding at 7p.
Rather reassuring.
Placing churn done and off we go back to 10p
On that last note - we are now on full ask at 7.25p.
Rather reassuring.
It's been 7 working/business days since the RNS re-placing at 6.5p
It's been 4 working days today since the subscription shares were to be admitted on or áround' the 19th.
It has never touched or gone below the PP.
I think it's simply fair to say that the new and current trading range is unlikely to fall below 6.5p which is damn reassuring as the markets seem to think so too.
With the information coming in thick and fast - very likely the rerate in value here will commence and as mentioned recently, the new trading range will be nothing short of double digits.
TQ Searcher.
Rather obvious there is background loading and i's and T's to dot/cross.
I'd say once these bits are ironed out, the SP will be trading in the double digits and no more single digits. Rather obvious I would have thought.
One thing for sure - any info to go ahead with coal mining and it will be tad bit late to get in on single digits and it's coming soon.
Searcher, they have no choice but to give us the 👍🏽
Thank you for translating.
Agree 6 soon ;)
Can't really see them holding it around 7p for much longer
It was a long interview to translate and in fairness, the poster May1 who questioned it was correct, much of what was said is a repeat of the previous March interview, or information already known
Zzzzz
Thanks, Searcher.
Love the way it says “we must start coal production within the next two years”, then “If these proposals are approved at the highest level, coal extraction will commence within the next three years”
Decisions, decisions…
Thanks for that Searcher.
Generally, two methods are widely used for coal extraction. One is open-pit mining, which allows for the maximum extraction of coal from the mines. Proposals exist for coal extraction using the open-pit method Dinajpur’s Phulbari and some parts of Barapukuria.
Considering Bangladesh's energy security, the government has been criticized for delaying the decision to extract domestic coal. Now, at a time when global opposition to coal is intensifying, the Energy Division has become active in pursuing coal extraction.
It was a long interview to translate and in fairness, the poster May1 who questioned it was correct, much of what was said is a repeat of the previous March interview, or information already known. I have condensed it to enable me to post here with what I feel are the important statements. I did not bother to include parts from Anu Muhammed Former Member Secretary, Oil Gas Protection Committee, we know his views, so did not feel it necessary or the parts that were in the previous broadcast. In the link, feasibility studies were discussed about all mines.
We know Phulbari studies have already been completed!
Bangladesh is facing significant pressure to secure fuel for power generation amidst the high cost of energy in the global market and the experience of a dollar crisis. Consequently, the government is showing strong initiative in harnessing domestic resources. As part of this effort, the Energy Division is moving forward with specific proposals concerning three coal mines from the discovered coal reserves in Bangladesh.
We are working at the Barapukuria mine, there, we will have to mine anew. If we cannot do that, our production of 500 megawatts will cease. We must start coal production within the next two years. For that, two proposals are; some parts will have to be mined through open-pit method, some parts will have to be mined through underground method.” says
Nasrul Hamid, State Minister for Energy Ministry.
If these proposals are approved at the highest level, coal extraction will commence within the next three years.
To date, a total of five coal mines have been discovered in Bangladesh. According to Petrobangla, these coal mines, located in the northern region of the country, Barapukuria, Phulbari, Khalashpir, Dighipara, and Jamalgonj.
Generally, two methods are widely used for coal extraction. One is open-pit mining, which allows for the maximum extraction of coal from the mines. Proposals exist for coal extraction using the open-pit method Dinajpur’s Phulbari and some parts of Barapukuria. The second is the underground method, where coal is extracted from deep within the mines through tunnels. Beyond these two methods there is, coal-bed methane and underground coal gasification. There is a proposal to assess the feasibility of coal gasification in Jamalgonj’s coal mine.
Considering the country’s arable land, the risk of environmental damage, and local opposition, a decision on domestic coal extraction has not been made for so long. Currently, the Energy Division is giving importance to the subject of coal extraction, taking into account the increase of coal-based electricity, imports, and the reality of the dollar crisis.
Nasrul Hamid, State Minster, Energy Ministry
Considering Bangladesh's energy security, the government has been criticized for delaying the decision to extract domestic coal. Now, at a time when global opposition to coal is intensifying, the Energy Division has become active in pursuing
I expect there’s a delayed buy coming but we’ll have to wait a bit to see.
Very quiet today ! But we’re up a tad .
It's true and LTH can spot them easily because they aren't as clued up on the share giving themselves away.
This has to be wind up guys?
'Brokers send their multi ID trolls to facilitate disruption/liquidity,/a short position.'
Come on, there's banter and disagreements and then there is this ha ha ha.
Brokers send their multi ID trolls to facilitate disruption/liquidity,/a short position.
They make 0 impact to the SP.
Fission - I feel like you check this board as much as the ardent rampers just in reverse.
Every morning you hope that there is no positive news/announcement - your heart couldn’t take it seeing as you got previously burnt here.
No one knows AT ALL what will transpire. Some who are more optimistic have placed bets accordingly, some who are pessimistic seem to try and ‘save’ the former. In the grand scheme of things probably best just to move on and see what happens
All I see is a sea of green blocked posts.
@LSE, can you make it that if you block someone they then can’t see your posts. That’ll clean up the bb quickly.
Another clown joins the party
BLOCKED
Back down to 0.8p....You will get no news!