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Header says it ALL!
🦉
Insects make noise but Header say ALL!
I keep my focus on HARD INTEL and not empty screaming / shouting which is useless for understanding of Investment - we all know which posters provide HARD INTEL!
- Bangladesh Economic base is collapsing as Factories close because of Energy shortages.
- Forex reserves Critical so Energy Import compromise because must pay with dollar. This compromise IMF borrowing facility.
- This is unlike previous years and WHY Energy Minister / News Media now talk of Domestic Production / Phulbari Development.
- Two way discussions ALREADY taken place with Govt (remember BB posters not part of this lol) indicate Phulbari go ahead!
- We have PowerChina who have highest level Govt access & now move to CONTRACT basis.
Some people focus on fundraise (which was expected) - many will focus on REAL investment points to Phulbari go ahead and this approach has stopped them from having pants pulled down by Share Price strength / Support.
Energy Meeting Sunday - Header say all - Monday could see MASSIVE price trajectory up or Consolidation before next push (if no mention).
Since Energy Supply is BIGGEST issue for Energy Committee /Country - you decide what it will be!
Be Wise 🦉
- Forget to add environmental issues addressed & (important) Locals on board for this which previous Govts say want to go with their wishes.
About Fundraise - think some probably forward sold ALREADY to cover new stock & also think big chunk will be RETAIN be abuse of what actually happening / Upside potential.
I think lot of (very) recent sell was small private investor holders (can tell from some comments lol).
Now we so close to fundraise price & VERY IMPORTANT MEETING this Sunday - we will see how many can get their Holding levels back up.
As I say again - many in last few months have had Pants pulled down as STRONG SUPPPORT / LOW STOCK kicks them out with fast price push back up.
I am comfortable & safe with my holding - do not need to stress! 🦉
Mr Recalibrate
I did see that and laugh a little bit. Mr YKIR is good & helpful poster with research
BUT
LOTS OF PEOPLE WILL GET PANTS PULL DOWN BY TRYING TO BE LITTLE BIT TOO CLEVER WITH TRADING 😂
To me this is CRAZY with potential Upside and also INTEREST building in stock and FULLY BACK UP WITH TOP CLASS INTEL!
Everything point to Phulbari go ahead & danger of being left out with STRONG SUPPORT is too much.
I BUY, HOLD & WAIT - this is clever way imo & follow Power China (who have intel/Govt sources).
Thank you all who contributed top class Research here. 🦉
People should understand some BASIC things;
- 30m shares as part of funding does NOT mean 30m shares hitting market
- Usually lot of forward selling occurs
- I expect with above and also STRONG indication of Phulbari go ahead / development / massive upside thru processes - LOTS OF STOCK WILL BE REATAINED!
We saw similar with last Fundraise and also Warrants exercised. The investment case has become much stronger since with Energy Minister statements / Power China CONTRACT status.
People maybe should learn from price rise after last fund raise / warrant exercise - this would show RAPID PRICE RECOVERY & APPRECIATION!
🦉
WOO. you are right here, and could be spot on.
.. Just because CCM sold enough, in the last placing, to recoup their £500/_ outlay ( think they retained 5 Mill shares for nothing), it doesn't mean that Axiz CM will do the same.
... They could well retain a much larger % and only sell down a portion of the 30 mill they have to place.
... How much will they retain?... We don't know.
... But
... When the sp moves up, you will know that they stopped selling a few days earlier
So the meeting on Sunday ! The prime minister not attending them?
PM is actually in charge of this ministry...and 5 others, doesn't mean she will be there but .....
Among the ministries, she will head the defence ministry, the power energy and mineral resources ministry, cultural affairs ministry, and the labour and employment ministry, according to a notice issued by the Cabinet Division today (11 January).
https://www.tbsnews.net/bangladesh/politics/pm-hasina-head-cabinet-division-armed-forces-defence-and-three-more-ministries
No one expecting Project Approval at Sunday Energy Meeting - we expect some reference to issues which indicate (further) progress to Approval.
"Under the Contract APPROVAL is ASSURED although there may be several iterations involved to clarify issues ahead of Approval" - RNS 29th Jan 2024
The Energy "NEW PLAN" will be discuss. As same RNS state -
"the Govt is working to offset this risk (exposure to world energy market) with "NEW PLANS" aimed at REDUCING IMPORTD by DEVELOPING ITS DOMESTIC RESERVES, principally COAL"
We should look for reference to "New Plan" which is alogn with Phulbari development.
At 1st Energy Meeting do we think "NEW PLAN" will not be discussed!!
I buy some more just now (31,618 @7.23p 14:31) as part of Accumulation strategy -everyone make own decision. 🦉
Doubt nobody on here knows for sure if Hasina is attending on Sunday Steve.
My thoughts are not. But that’s just a guess.
I’m thinking it will be the ministers deciding what is the best option for the country & then passing on their recommendations to Hasina
But what we do know: 30mln shares will hit market .
Probably monday... zzzzzz
Hit already & forward sold by look.at price action.
Buy or not - make own decision! 🦉
Good to know Phulbari is ONLY feasible way out of Country's mess!
🦉
That’s it folks !! Soon be Sunday!!!
Somebody bidding for 341k shares in the auction @ 7.25. Very keen! GLA
And it got filled in the auction.
Guessing more late ones will come through
Just because things may be agreed behind closed doors on Sunday, I wouldn't think for one moment that we will hear about it for a good while.
... Hasina will mull it over and announce in her own good time.
Yes but just to kick off the process regarding phulbari at the committe would be good and i think the cogs will start turning from thereon. We certainly know it will be discussed sooner than later and chinese would not go wasting their time (as mentioned by earlier poster) getting an MOU in place alongside energy minster making positve noises regarding coal mining in Bangladesh if nothing was to materialise as country in dire need.
Anyone know when committee minutes will be published and how we can get it translated? tia