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Im trying to buy but its constant NT
What is happening!
@Shakeyerbooty this is what I meant.....
Another £3.5k buy
That would be nice !
Very hard to buy. Is there a ii coming on board
*waying
Thanks Adam, just read Philiburi’s AGM feedback and still saying things up.
Thanks Phulbari, you had been quiet for a while and there was me half thinking you were being lined up for some NED action!
Any mention of NED appointment?
Thank you, for the info Phulbari!
Hope that helps Torino. What i will add is, nearly all of us LTH’s invested here are in the red, with very little volume available at these levels, so any and all day traders will be flushed out relatively quickly.
There’s risk involved (if approval is rejected), but imo it’s the best risk vs reward share available on Aim. The ducks seemed to be lined up correctly so lets hope for the best.
Constant NT.
Is the cat out the bag?
Expecting 5p finish
Not much new, except that for the first time I can recall there was no visible protest outside. Gary trotted through the standard line that there was mounting pressure from on-high to broaden Bangla's energy base and include local coal. The project had been ready to go for 20 years and what should have been plain sailing had been held up by political interference. Although there was expectation that things were developing positively and confidence that there was support for the mine locally, there was still no actual timetable for project approval. If and when approved, they would opt for hybrid financing together with a mining contractor. It's expected that PowerChina would have a major role. On other matters, Christian was present as a shareholder but no questions were allowed as to his departure which appears to have stemmed from disagreement with Tang over demarcations, although there is probably more to this. Tang was present by audio remotely, though not with a video link, and he pushed back all questions about Polo.
The best/thorough update we’ve ever been provided was 29th Jan you can find all relevant info in there, here are some extracts from it:
- The State Minister for Power, Energy and Mineral Resources even spoke in parliament on the extraction of these coal resources, citing that the Phulbari coal deposit is the country's only realistic open pit coal mine option, implying its potential for delivering significant long-term coal production for power generation.Â
- Throughout the reporting period and beyond, the Company's Dhaka-based team has maintained contact with the relevant government agencies and there is credible evidence that the "new plans" cited by the Honourable Prime Minister are being framed and that such plans are addressing domestic coal extraction and exploration efforts for new gas. This is exciting news for the Company, the Project and its Shareholders and efforts are being made to ensure we are in the strongest position to engage with the newly elected government within the 1st Quarter 2024 and deliver the Project Proposal which includes a large-scale Solar Power Park as an adjunct.
Â
The Company's relationship with its Development Partner, PowerChina, continues favourably evolve and they are now also involved in the proposed Solar Power Park via a JDA signed in January 2023.
- Our Dhaka team maintains contact with government agencies and has seen evidence that the forementioned momentum towards developing the country's known domestic coal resources and increasing exploration to identify new gas fields is waxing. The downturn in key economic indicators has seemingly been an awakening and it is most fortunate that the country has such a world class energy resource as the Phulbari coal deposit that can easily be developed and help insulate against the vagaries of the world energy market.
- GCM has patiently been working to be in the best position to present the Project Proposal to the Bangladesh Government and would welcome its participation as a partner in the Project. With the apparent move towards finally realising the potential of domestic energy resources, now that the National Election has been completed and the Awami League government returned, we are targeting Project Proposal delivery once the new government has settled in.
Where have they stated this Bangla,? I honestly can’t find it.
They have already stated proposal to be given in 1st quarter with some sort of participation/partnership with GOB. We are hoping for confirmation and more details today
Sorry Torino - you beat me to it.
Can anyone confirm where/when it was stated that the proposal is going to be submitted in Q1 as that was news to me. Was that in the AGM? If so, was there any level of confidence expressed, i.e. is it a target, an aspiration, a hope, or a clear intent. Any info much appreciated.
Hi I’m considering buying here, and seen some talk about applying for project approval this quarter…But I can’t see it in previous rns’s, so where has this come from? Many thanks in advance.
Went well, several posters present, will update in near future. Neds not an issue or seemingly future funding
How'd it go?
Yes and no Altube, although I’m convinced it will happen there is the possibility the govt will ask for ‘x’ & ‘y’ before they can approve. This grey area or any shift in govt stance towards approval will see a substantial rerate imo.
If it’s a No outright then i agree, it’s back to the drawing board but everything (literally everything) points towards a YES!
This will happen or it won’t. If it happens 1000p a share possible. If it doesn’t, the license has value and compensation will need to be paid 1p a share.
Hang on in there and be patient
I think not posting is a wise idea, just clicking on some of the posters id’s like petro and he’s posted the same deramping drivel across like 20 shares this week. Will get back to it once they clear off. GLA
No and no offence meant. It’s at the people looking for a quick buck and don’t see the potential. P&D warnings etc. Just frustrating as lth having higher average. This is the beginning of the end