They wont release an RNS saying "they see no reason for the rise" Its obvious to everyone the rise is due to Speculation that Phulbari will soon be given the goahead following GOBs announcement that they are now going to allow open pit mining.
there could be a lot of truth in the rumour being leaked, it is now the policy of the Government to introduce Coal for the future supply of energy needs: ..................... Future programs:
With new generation addition, the total generation capacity would be 17,000 MW by 2016. By that time some power plants will be derated, contracts of some rental power plants will be over and the dependable capacity would be around 13,000 MW.
Coal will be the dominating fuel in the future generation. Two big coal fire plants with capacity of 1320 MW each will be set up, one in Khulna and other in Chittagong. The Khulna plant will be set up in joint venture with BPDB of Bangladesh and NTPC of India. Besides, other coal fired plants will be set up in different locations of Khulna, Chittagong, Matarbari and Moheshkhali; ........................ they got to get the coal from somewhere, and when its on your doorstep in abundance , it would make sense?
Rule number 1, never listen to de-rampers. It wa obvious from the get go this was only going one way after the news we've had today and the funny thing is this price will look a dream come Monday I believe. Remember how high this has traded previously and it's as good as set in stone. There mining right next door on a smaller mine. I believe this is te trial/ intro and then it will be GCMs turn. Good luck buying when we get an RNS confirming it. Life changing.
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