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I like these bits of the article , although not new news
On March 11, GCM said in the notification that the company has received letters of interest to purchase Phulbari coal from Bangladesh's private sector coal producer SS Power's 1,320 MW Banshkhali coal-fired power plant and Barisal Electric Power Company's 350 MW Barisal coal-fired power plant. It is noteworthy that China's state-owned company Power Construction Corporation of China Limited (Power China) has a stake in these two power plants that want to buy coal from Phulbari. GCM has signed a $1 billion deal with Power China to 'cooperate' in the mining of Phulbari coal.
Quoting the Ministry of Energy, BBC Bangla informs that within the month of April, a proposal made on the basis of data from various surveys and feasibility studies conducted in the country's coal mines will be presented to the highest level of the government and sought approval. Despite the threat of destruction of agricultural land and water resources if coal mining is done, the rationale behind this initiative to extract coal is to deal with the future energy crisis and reduce import dependence. (New initiative for open pit coal mining in Bangladesh, BBC Bangla, 15 March 2024)
https://www.prothomalo.com/opinion/column/4oxptaf347
Header say all - According to their sources the Proposal submitted to highest level of Govt in April.
(Source: prothomalo.com/opinion/column/4oxptaf347)
Buy,hold or sell - make own decision!
🦉
Another 7-8 years even in the unlikely event it all went to plan and there is any gas found, only proven own resources to provide energy relief is Phulbari coal - 2 years to first coal.... do they really have a choice?
Nasrul Hamid in parliament: '“We have a pre-bid meeting with them tomorrow (Wednesday). The bidding process will end in September. I hope we will be able to appoint a company by mid-2025. They will conduct 3D surveys and drilling,” he said.
The government estimates up to $30 billion investments will be made in this offshore exploration. If oil or gas is found, it will be possible to extract that after another seven to eight years.'
https://bdnews24.com/business/9d9983d31c81
I had a wedge of GKP shares in Aug 09, what was you exit price? I sold half for £3.60 and half for 40p 😂😂
I bought 250k shares in GKP at 9p prior to Shaikan first oil.
I get the same feeling right now.
I’m bemused by the sp. I’m not scared.
Subscription shares might be the cause of the current price but I think other factors are in play. Non that can be interpreted or understood by us.
Things are playing out at the highest level. Do you k ow what that means 😌😌😌😌
"A paid rumber" Hmmmm 🤔
Probably a typo... I think he meant humper 😝
Awaiting the announcement…..until then will drift the overhang being played out
“A paid rumper”. I wish lol.
Https://www.tbsnews.net/bangladesh/energy/country-has-no-electricity-deficit-demand-nasrul-hamid-845616?amp
Now the country's power output capacity is more than the overall demand of electricity, however, the country so far could not generate power with its existing power generation capacity caused by Ukraine-Russia war and global fuel crisis", he said
Correct me if I'm wrong. I believe there was a deadline of 8 May set by IMF delegation to know govt plan on settling energy dues.
GPback you keep calling it strong buy and the share price keep going down and going down I’m going down are you a paid Rumper
Or maybe overhang still not cleared. Dropping the price to clear them out.
GP, some where around 5p is my bet, thats why i have a buy order in for 5.20
At what point does the interest in buying overcome the desire for subscription shares sales!!?
Can’t be long off…
Dropped it into the close offering 5.58p….maybe tactics to hit stops
Its only really been dropping since the market was flooded with subscription shares... but these are being bought up by keen buyers. so its just a case of waiting for the overhang to clear
It is the most unusual position to be in and watch. Expectations are the highest in 10 years of the GL, and the sp is dropping.
An inverse and perverse relationship 😂
Looks like final churn flush and run higher
Think we should see some fireworks shortly. Nice reversal candle by end of week
Profits are calculated once all their shares are sold, they’ve been selling from 6-8p - if their average sell price is 7.1p they’ve made 200k in under a month.
Wos trying to deflect again by going over matd again...but Adams remark is important. What the Crew says and does is not always the same... ;)
But agree news SOON maybe or not
Tomorrow same again or a UP day ? Please let me know before open what you think. Ofcourse not a advise wink wink
2925 wow...
Matd not here SiR
Why so emotional? Our trading is going great here!
2025
What rubbish do you talk - MATD cash into 2925, drawdown facility after this if needed from parent group Petrovis & First Production expected before this - stop making thing up to suit your agenda!
"Buying at 10p" - I do mitvtellm anyone to buy or sell.
I top up at 7p but also have stick from under 2p - for me all intel since first buy improve investment picture so top up at 7p no oroblem even if price lower now.
At least do not not need to Lie or mislead!
Be Wise - karma gonna get you.
Goodbye! 🦉
At Matd raise will come as well. The longer they wait the lower the SP will be but lets focus here on GCM...
You said buy at 10 now below 6 so trading wise not the best call.... LT we can all only wait.
Volume says nothing i think mankini. Just trading the raises
If Volume is a sign off something coming the news looks bad ( for all clearity: i think no news)
Do not worry about mr Professional 'predictions' - he did predict 1.75p entry for MATD then fall flat in face.
He pull number out of air & then hope lol.
Stick to research based investment & ignore short term movements imo.
When Energy Minister suggest Open pit mining / Phulbari in picture then enough for me with upside we look at
🦉