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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.....
I agree. They would be very wise to get the funding out of the way now. What price? 4p or less I would reckon.
Looks like todays ‘low’ has been hit.
Could the drop be because they are doing a fundraise? They did say they needed to raise before May in a previous rns. I hold no position here, but considering to invest and wish all shareholders the best.
As its always been, the buy/sell are a best GUESS, made by sites like this one based on mid. The worlds exchanges only print TRADES, no labels, the Unknown anything that does not fit, on mid , delayed trades, or Algorithm sees as outside its range.
Anything prefixed on these sites with a hyphen, is a cancellation or amendment to an earlier trade, could result in 3 trades, the original, the reprint to cancel/amend and finally the corrected print ,usually by volume or price, all will carry the same time stamp.
This also distorts volumes/ratio's as it will register all 3 on sites like this but only the single final volume on the exchange.
Everything a best guess, only those involved in each and every trade, know the truth.
Labels NOTHING to do with the mm's or the exchange, just sites like this, trying to be helpful and failing miserably on most shares daily, just dimbo algo's having a bad day at the office.
17% down today with 14% spread.
Spread on the biggest rise Monday 11th morning after the weekend hype 9%.
2% spread Friday 8th.
WiseOwlSpeak
'Individual statements?'
I've given you an individual statement. It couldn't be more clear. Nasrul Hamid is the energy chief and answers only to Hasina.
-The government is reviving plans to extract coal through open-pit mining
-Fulbari and Barapukuria in Dinajpur are once again on the table for open-pit coal mining.
-Energy and Mineral Resources Division states that there is a need for 33.6 million tonnes of coal annually, costing $6 billion.
-State Minister for Power, Energy & Mineral Resources Nasrul Hamid has recently said that it is not possible to leave so much coal underground and import it. “Sooner or later, we will have to extract coal locally. For this, local people will be paid adequate compensation.”
https://businesspostbd.com/power-energy/govt-reviving-plans-despite-strong-opposition
Oh, that was a translation of the post by llka obviously and not my post.
This is a day traders dream till we get confirmation of the new NEDS
Small spread and big swings and majority shares held tightly will keep day traders and MMs making money for the short term.
We just need that NED rns to clear the path forward.
Topped up again this morning with another chunk
GLA
There will always be reasons for a pro and always for a con. Why can't you just let my opinion stand without insulting me? That says something about their way of thinking. Are you clear in your thinking? Is it unusual for a government to knowingly express information or views that it will not follow? Do governments lie? Do governments appease? I think it's not an economic decision but a psychological one. Is the stubbornness lessening? Are economic constraints enough to dissuade stubborn people from their stance? You can see all over the world that people continue to do stupid things against their better judgment. So where is the change in the leadership of Bangladesh? Individual statements? Read everything once without any fixed ideas. You see that in every article there is a...coal is not good, renewable energy, gas subsidies.... Where do you see the government's clear commitment to building this coal mine? Where do you see the clear statements from the government, we are considering Phulbari.... We are changing our opinion... and there have already been many opportunities to sell the change in one's opinion from being against Phulbari to being for Phulbari to the people. Wouldn't you immediately sell the hijacking of the ship to the people as a reason why they now need coal from Phulbari? In the national interest? Do you think the government is so stupid that it wouldn't take advantage of the opportunity...if they see Phulbari as the only alternative?
Lots of buys but all showing as sells
Crafty to get your shares not many shares available.
This will be 8p plus soon.
The buy/sell information is a total joke and most trades being shown as sells are in fact buys. The current buy price on II is 7.4p
What's going on here 🤔
That was no tree shake searcher, at least in my understanding of a tree shake ie market makers take the price down, perhaps instigated by a few sellers, to grab the low hanging fruit (take out stop losses) and panic others into selling. This is quickly followed by buyers taking advantage of the resultant panic and taking the price straight back up. That has clearly not happened this morning.
The price was no doubt taken down by a big seller and has stayed down, no doubt assisted by a weak market and those who decided to bank some profits after all due to panic.
Be interesting to see if it recovers at all later on today.
State Minister for Power, Energy and Mineral Resources Nasrul Hamid today said everyone will get relief with economical use of power during the Ramadan, summer and irrigation season.
“Gas supply has been increasing for power generation and its situation will be improved gradually. But we have to be economical in using electricity and energy,” he said this while presiding over a meeting on power and gas allocation to the industrial category during the Ramadan, ongoing summer and irrigation season.
He said that uninterrupted electricity-gas supply is the main goal of the present government, adding, “At this time it was decided that the electric pumps will be open from 12:00 pm to 6:00 am for irrigation. The CNG stations will remain closed from 4:00 pm to 10:00 pm. On the occasion of Eid, the CNG stations will be opened 24 hours from 7th April to 18th April 2024.”
Nasrul Hamid said the CNG stations will be opened and closed as before after the Eid.
Seeking everyone's cooperation, he said that electricity and energy will be comfortable for others if you save it and use efficiently.
https://www.daily-sun.com/post/739116
Once again you show you have no idea what you are writing about. Can you not read or do you not understand this? Show me where and when you have ever read this before - (you haven't because it's a new development in govt thinking )
'State Minister for Power, Energy & Mineral Resources Nasrul Hamid has recently said that it is not possible to leave so much coal underground and import it. “Sooner or later, we will have to extract coal locally. For this, local people will be paid adequate compensation.”
All those 7.4's are buys cos mines there too