Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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'The government’s increasing installed power generation capacity without adequately arranging for fuel that would run the plants has only bled the economy. An early course correction is badly in order.'
https://www.newagebd.net/article/229458/oft-vaunted-energy-security-fails-to-ensure-power
Searcher, been invested in this for years, never sold my holding and managed a small top up or 2 recently. After all these years are we finally going to see that.....
Hope you are keeping well and yes MUD is right leading a life of luxury and head for warmer climates every winter. Working is definitely overrated lol
YouKnowItsRight, of course you are right mate… So much news to potentially come that could be released at any time!
Also, as you say, next week is the new tax year where many will be wanting to take positions in their ISA’s with their new allowance, so we should hopefully expect to see a rise early in the week imo!
I really don’t get why some are getting so hung up about the fundraising and playing into the shorters hands. It may come tomorrow but it may not come until later because it’s not actually needed until the end of May. Anyone who was at the AGM will know, as was reported back here, that they already have backers who want to be involved, so it’s not like raising the money is an issue or a worry, and to be honest whether they get a discount or pay at a premium I personally think it’s almost irrelevant. Knowing how close the news could potentially be and could break at any time, I know that I’d rather be holding than not, rather than trying to save a penny or two on the entry price…… Also everyone is assuming that whatever price they do a FR at, the SP will drop back to that price, well that’s not actually true… when we had the last FR at 1.65, from memory I believe that the SP dropped back to only about 1.90 ….
Anyway, GL to all whatever your strategy
"Bangladesh continues to witness frequent power cuts, lasting for an hour or more in one go, particularly in rural areas"
"Bangladesh should not have a problem with meeting the power demand given its current installed generation capacity of over 26,000MW.
But the installed capacity remained unused because of the dollar crisis. Bangladesh cannot import enough gas, oil and coal to run its power plants."
https://www.newagebd.net/article/229476/power-demand-soars-past-15000mw
Sir KingClough, how are you mate, I hope your well? MUD tells me your having a life of luxury 😂😂
I could break down some of the You Tube link mate, and I’m sure it’s very positive, but just wanted to have a professional take a look to confirm 😉
Ykir dont worry about me. Always relaxed.
Ofcourse there always is a risk but shorting a stock that you know will raise soon is very chill.
Cheers
5 x 100k trades reported late.
Wonder if that was our 100k buyer still loading up?
Imagine the frenzy when we get an update, or a TR1 for the buyer, or the new ISA tax year starts, or Bangladesh is announced as a partner!
Professional should be very worried about his short! :)
Searcher, I am surprised you are not fluent in Bangladeshi by now, 😂
Looks like the IMF are about to read them the riot act and give them a huge kick up the jacksy.
------Get your head out of your a--e and DO something------
----If the IMF stop pumping out loans to Bangla, then that's it for them, they hit the buffers.
-Bangla need look no further than their neighbour Sri Lanka to what will happen if they don't start to balance their books.
-Falling FX reserves will lead to a collapse in the currency (its already down 30% in a year), and they only way to stop that would be a huge hike in interest rates.---That will lead to runaway inflation ect ect, and the whole house of cards will come tumbling down.
-They cannot continue to borrow money purely to pay for imports, ---it's just not sustainable.
-How much of all new loans now go towards servicing existing loans.
-Cut Imports and start Exporting more-----that's the only way to survive.
As per the conditions of the loan from the IMF, it was set as a target to hold $19.26 billion in reserves in March 2024. But actual reserves are less than $16 billion
https://www.tbsnews.net/economy/imf-stresses-meeting-forex-reserves-target-get-third-tranche-47b-loan-822311
Correct Redeyes there should be a flurry of buys in the new tax year. But I think they are filling a big order right now too. Probably get a few late trades posted as they settle up after the close. Definitely bottomed out now and ready to rise again.
Looks like another delayed buy ;)
2024-04-03 15:05:20 6.90 112,500 £7,762.5
Major support was 6.78p and has held.
If it gets above 8p and holds, assault on 10p should occur.
This just shows the relationship between Bangladesh and the Chinese now ....
Chinese Ambassador to Bangladesh Yao Wen on Wednesday said Bangladesh and China have exchanged the feasibility study reports on free trade agreement (FTA) between the two countries last week, which he sees as a major development in Dhaka-Beijing economic and trade cooperation.
https://businesspostbd.com/national/dhaka-beijing-exchange-feasibility-study-reports-on-fta
Looks like with buying now at 7.33 we have bounced nicely away from the resistance :)
I bet that has caught a few out :)))))
Hold those shares tightly. Shorters / sellers will get twitchy. :-D
Yes YNIR, there are only just about 2 days trading left before we go into the new tax year.
.. The trading has dried right up as people are sitting on their cash waiting to load up Isa on Monday.... Just look how the mm are quietly jumping on the bid at 6.5.( a strong resistance point on its own) all trying now to build up stock ready to feed into the buying... As the sellers are not playing their game, some are starting to break ranks and uping the bid.
... Things will move up slowly tomorrow, and we could well get a spurt come Fri afternoon.
. Not a good time to be short
I literally can't wait to see and get back the full transcript of this video posted earlier, just to see what else is being discussed apart from mining, Open Pit Mining at Phulbari and also to see what else is being said about the , Feasibility studies, the Resettlement of the people , the Compensation, the Land acquisition, and Water studies and proven technology.. ;))
https://www.youtube.com/live/8dkeTN0cuds?si=97SCAz5fpLKvYcN-
I've put a buy order in 3.1p £1mUKP
Mms pushing the bid up to 6.90p for any amount.
Must have a big order to fill.
And its certainly not Jamesss £100 worth! :)
People with REAL money will be putting in a lot more than that. And, they won't brag about it!
Sure you have lol lol lol
Good luck with that. If it does drop that low, you won’t be the only one on the buy button.
I've set a buy order for 3p £100 k
Soon be filled bwoys ;)