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5p here we come....
You can count on GCM to disappoint, though I expect Hasina is ducking the issue, formed an investigative unit to look at the effects of coal mining on the local populace and........
blah, blah blah -
When I saw this mentioned the other night the warning bells started ringing as this procrastination is standard Hasina (in)action
These problems will not just suddenly disappear.
. Their FX reserves have fallen back below the IMF limit of 20 bill, power plants are again sitting idle through lack of fuel, because they cannot afford the import bill, and even the simple task of running the port seems to be beyond them.... Nobody even wants to take the responsibility, and cover the costs, of continually dredging the channel to allow the coal ships access to the port even when they can afford to import.
.... Its just such a mess.
.. Surely they really will have to bite the bullet and mine large amounts of their own coal.
All points to a inept Gov't at present. They have been deferring this for far too long now and the only outcome thus far has been it's people suffering.
The GOB need to appreciate that being a developing country constitutes being pro active and being able to show the IMF and ''important folk'' that they are more than capable of helping themselves and not always putting their hand out.
The Phulbari Coal project will not only more less sort their energy crisis out but also give employment to the people of Bangladesh.
There has to be a twist here right?
Looks like they have more issues with importing coal..
https://en.barta24.com/amp/details/business-en/221684/tug-of-war-over-matarbari-port
Https://www.newagebd.net/post/Banking/232946/bangladesh%5C%27s-gross-forex-reserve-dips-to-$19.89b
If coal is going to be Bangladeshi's main source of energy, then the Gov't in place seriously need to wise up and start thinking ahead. They cannot continue to finance the import of coal. Parties are not being paid. Main source of energy supply comes from coal.
The people are suffering daily or frequent power cuts in extremely humid conditions where temperatures can touch 40 degree celcius. I'm sure many people there suffer from extreme heat. This in itself is inhumane.
Why worry about the environment when human life is compromised every day with extreme exhaustion and heatstroke which is serious and life threatening.
Common Gov't - use some common sense and get this deal done and over the line. Stop faffing about and place the wellbeing of your population at the centre of your Agenda on Sunday at the Energy meeting. If you're reading this Hasina, please take note!
“Officials informed me that the plant needs about 10,000 metric tonnes of coal per day if it runs at full capacity.
If the payment against power supply is not received by the CPGCBL, it will be very difficult to continue the supply as the company has to import coal from abroad, said another top official of the plant.
Officials also said the government’s cash crunch might have been the main reason behind the non-payment of the bills submitted by the CPGCBL.”
https://unb.com.bd/category/Bangladesh/matarbari-power-plant-not-getting-payment-against-power-supply-to-national-grid/134113
Header says it ALL!
🦉
YKIR @ 16:04
"I'll be surprised if the bid is any higher than 6p.'' 🤦♂️
Oh dear! 🤣
@professional, there's ALOT said on this board, ALOT quoted all without saying much at all.
Just empty justifications without answering any real questions.
Here we are at 6p.
MM this and MM makers that ha
We will see this fly soon enough, just relax and stop with all the 'researching'.
Tang knows what he's doing, straight as a die that guy.
so that was why it as being held down. corrupt as **** these mms but what a great buy order.
For me the approval is on the way and reason for being here also the reason for fund raise ahead of the same with maybe one day left to get pals on board at a cheap price as low as possible so if it goes lower tomorrow it does not matter.
"A shareholder is someone who owns shares in a limited company. They own the company along with other shareholders (if there are others). A subscriber is the name for someone who was a shareholder at the time of the company's incorporation."
With that definition, Axis have the ability to sell the shares piecemeal when they like having already paid for all of them and as they are insiders and selling to pals they will happily sell forward at a low price to beat approval or indication of which may be in the future because Sunday could throw up delays in the meeting even if an implicit approval is indicated.
Yes a nice £60K purchase!
From yesterday when it spiked higher
I suspect a few are in the know
He said all that was needed back in '08 , when you were prob playing "tiddlywinks". And is the reason why I have a nice 2.5p avg ..and you , my son, are def not.
Searcher you remind me of Wos....!!
Posting a lot. Saying very little... desperation...? Yup
Late trades today will be interesting
Indeed its worded "on or around 19 April 2024" for good reason. I'd guess most have been sold already for 10 - 15% profit, the huge volume we saw 2 days ago followed by yesterdays volume plus 4m+ trade late reported yesterday (from tuesday) and with todays also - we are probably about 2/3 done. just need a couple more days to clear any overhang
Exactly Searcher, a few people trying to put fear & doubt into peoples heads. I wonder why 🤔
Get tomorrow out the way & derampers will need to invent another scary 😧 scenario
Good insight Searcher. Let the storm pass, brighter days ahead.:-)
The shares as we have seen over the last few days have probably already been forward sold into the market, so if there is any at all, there will not be a lot left!!
The placing shares may or may not even get admitted to the market tomorrow!!
From the RNS…….
“The Subscription Shares will be admitted ("Admission") to trading on the AIM market ("AIM") of London Stock Exchange plc ("LSE") on or around 19 April 2024.”
Even if they are the price imho will not drop because of these shares being entered into the market!!
Plus, there is obviously a natural bottom where Axis or their clients will not sell below, they are not going to sell at a loss!!
Hopefully this overhang will be done with soon and we can move forward!
All imo of course!
Fingers crossed your prediction is better than all the others you have made so far 😂🤦
Looking like Phulbari will very likely be in the agenda for discussion this Sunday at the Energy meeting.
This is primed to rerate on mention of discussion at the meeting next Monday in the Bangla news outlet, media etc and we should see a nice recalibration of the SP.
Leave him alone. I think he’s bought nearly all the direct subscription shares by now 😂
Recalibrate - he's been chatting utter deramping garbage on another company I follow last 2 days also.
As I said on that board, either a total fruit cake or a stooge sent by brokers to attempt to create chaos/liquidity/shorting or buy in opportunities
Either way I just laugh at them.