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They also fo not have the investment steucture in place (just ideas like "JVs, foreign sources or govt funding as possible financiers") and no associated benefits like Solar Power Park etc 😏
A fair probability that this was the cause of the drop this morning would you say redeye?
Thanks for the balance you detailed below - not enough coal by far, and 8 years away is simply not going to cut it…
"It is expected to take around EIGHT years to begin coal extraction from the mine (Dighipara) after the start of work 😏
The MM's for giving me an opportunity to grab more of these at this bargain price.
GLA
Well they are talking 90 mill tones over 30 years, so that is only 3 mill tones a year.... And those sort of numbers usually turn out to be pipe dreams.
.. Bara has only produce 14.5 mill tons over 19years and you can bet that this mine will fare no better., and at close to 160 dlls a ton, and 8 years before first coal, it just doesn't help at all.
. They need 34 mill tones a year, so 3 mill tones wont touch the sides.
. The headline is misleading, as this is just a proposal put forward by Petrobangla, and not a firm decision by the gob.
.. With or without this new underground mine, they NEED phulbari
Header focus on Price Projection on DEVELOPMENTS and not daily price fluctuation.
- RNS for NED's yes - Any Day Now!
- RNS for Govt New Energy Plan. Good point about Ramadan but maybe play other way - they may release during because this is time population meet up in places of prayer / have time away from work / meet family & discuss.
Country does NOT stop so Govt business still go ahead so this month still open for News Release.
About MM manipulation? Maybe / Maybe not!
If they know NEWS due is not unheard of. We can also say that we have not had down day for some time - this gave to happen at some time & many think will be today with smaller daily rise yesterday - No surprise.
Just like No Surprise when we see next Price Push and UPTREND continuing.
We see same at lower price levels with sudden BIG push when weaker hand out - PATTERNS REPEAT and I expect same again any day (Developments support this view).
Buy, hold or sell - RNSs due - Energy Crisis still there - POWERCHINA / Bangla Energy Companies positioning for this - all support UPTREND CONTINUING!
* Daily price moves??- LOL!
🦉
Https://www.tbsnews.net/bangladesh/energy/govt-plans-mine-90m-tonnes-coal-dighipara-808726
Well played today there desperate to hold it down and offer low ball prices watch this pop soon will be back at the 9p level after lunch.
Currently being offered 7.2p to sell. No thank you
I’m not expecting much updates from Bangladesh press till post Ramadan at the earliest March 11-April 10.
Next major agenda item for GCM surely must be confirmation of NEDS. I’m working on the assumption the RNS drops in March.
BD gov will want to sort out the relocation payments and farming short term agreements before announcing imo. Minimise noise. Though there doesn’t appear to be much at the minute anyways.
GLA..
They was offering me 7.41 to sell then they drop in the delayed buy trades and drop the sell price to 6.80 games clearly being played.
My thinking about DG - salaries to pay and they are not investment company.
Daily fluctuation irrelevant - bigger picture which play out with SP move focus.
Current broker target 138p - will expect more broker coming on board.
This price dip on share with this few shares free no big deal & after rise we see before this.
Buy or not - Price / Developments will play out over coming weeks and expect this to still follow uptrend to be multiples if current level.
🦉
Right on cue - some delayed trades show up.
14-Mar-24 10:33:47 7.40 150,000 Unknown* 11.10k O
14-Mar-24 10:32:43 7.425 100,000 Unknown* 7,425 O
Both are these are BUYS from just over an hour ago when the sell price was 7p. Someone’s been picking em up for weeks now, would love a TR1 linking it to govt as a few of us here suspect.
Anyway swings and roundabouts for now, enough chat spam for the day. GLA
It’s only stops being taken out. The short term traders just protecting their gains. Probably a few flapping at the drop.
As i keep reminding. Peaks will get higher & drops lower as they try to take stock off weak holders.
Nothing has changed. News is still the same. 👍
And there will have been a reason for the fall, i reckon DG have been offloading some of their 4m holding since Monday given they were paid in shares for lobbying govt. That doesn’t reflect on the project in any way because like any business they need money to survive.
We won’t know for sure until market is notified so expect TR1. We’ve also had someone buying heavily since first of Feb and haven’t been notified who it is because they keep adding and i believe don’t need to notify market until a 3 day lull in buying.
Very interesting few weeks ahead. GLA
They call that a learning curve.
Unfortunately for them the market doesn’t take feelings into account.
100 billion $ asset on the verge of approval - expect a bumpy ride.
IMO
Unfortunately, possible new investors/traders are going to run a mile when they see these 20% drops for no apparent reason.
Exactly that NewboF. GL
Threat of fundraise? Is it the end of May already? Lol
We have funds for another 3 months, at which point approval will have been given and the SP will be at least 10x higher. CEO doesn’t want to dilute himself anymore than necessary given he owns a large portion of shares.
Buy the dips as 8p is cheap with transformational news around the corner, some of us LTH’s have a higher average and have been waiting for this moment for years! GL
Let’s be honest, if this does come off then worrying about the rather large fluctuations below 10p will be irrelevant.
If it doesn’t then it doesn’t really matter what price you got.
Hold for gold (in our case, coal)
Pleasing news that reeled much buying & now the threat of the fundraise around 4p - 5p approx.
Although I still hold, I don't think it's been fair to the recent investors. Some bought near to double today's price or 70% up on it as it currently stands.
ART’s at it again. More deramping…. Filtered
6 months???
Like I said yesterday, don't worry about the daily fluctuations unless you are a day trader.....stick with it and the returns you will get will be substantial. Would you rather fight to win 5% here or there or wait 6 months and make 100%.....purely up to each individual on what your trading strategy is, but I know what mine is. Sit on it and wait.....