I agree mate. Rightly or wrongly there is still some baggage with the Asia Energy/GCM name and the political fall out would be greatly decreased if the go ahead was given to ANother holding the licence.
skinner when i spoke to Micheal tang, his interest was most certainly ,in developing ,,, i push the fact that would it not be better to just flip it,, there was also mention of an Indian company that had been interested , and other suitors ,, but he wanted to mine
I believe the buy out in one form or other is being negotiated. The question is at what price and will we as shareholders see the full benefit....what is the licence worth when there has been no change in GCMs abilty to benefit from it over in 12 years. I would prefer GCM developing the mine and power plant with a JV partner but that is the least expected option imo
what games are afoot today, just bought another £1000 worth .whats the betting on it coming up a sell . lots of compelling news starting to filter through plus that stonking RNS today. Lord i love a stonker
I am starting to believe everything is in place and it is a case of public PR and education on the use of coal to limit the public backlash when an announcement is finally made.
October After Xi and Hasina held bilateral talks, the two countries signed 27 deals — 15 MoUs and 12 loan and framework agreements ?- on different projects. However, there were reports that China may offer up to USD 40 billion credit, both sides refrained from providing the details of the loan amount.
November MOU has been agreed with China Gezhouba Group International Engineering Co. Ltd ("CGGCINTL").
December "Brushing away the criticism on the coal-fired power projects like Rampal power plant, Dr Ahmad Kaikaus said the government has launched a public awareness campaigns against such propaganda"
January Mostafa Kamal, Deputy Secretary of Power Division said, "Yes, we are searching coal for the Rampal plant
“We are not waiting for anyone, but are taking the initiative ourselves.”
Responding to a question on the impact of coal-based power plants in Bangladesh, the prime minister said that coal was required for the 24,000 MW of power needed for Bangladesh to become a middle-income country by 2021.
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