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I can understand your skepticism Mankini.
Governments can be slow and just delay things but the state of play now with their energy crisis is beyond despair.
The trouble is that the residents in bangladesh are so accustomed to their lifestyle of having regular power cuts etc, they don't fight back and demand better quality of life with being provided the basic necessities.
It's a difficult one, this one, hope that they do what's best for the people and economy but who knows.
That is why i became cynical / sceptical for many years recalibrate.
From my opinion Hasina was never going to give the goahead as she gave a pre election promise not to mine Phulbari back when she was first elected. Although, the noise coming out did suggest she was going to break that promise. Hence this article.
As we know, she didn’t break that promise.
However, i have felt for the past year that this term would be her last in office so what has she got to lose now. Add to that this elections manifesto promise of mining their own coal. The dire straits they are in financially & energy production wise.
Plus all the positive statements coming out, the ease of raising funds still.
It all points to an imminent goahead to me
Not enough analysis done on this news- New projects, Chinese RMB transaction top agenda FM may go on advance trip next month. The old Moneyweek article emphasised the scale of Phulbari and PC is state directed. The Finance minister and Hasina probably have a lot of related issues with the granting of permission to OPM and for PC to take it to the next level the issue of being paid for work would be top of the agenda for Xi and then there are the logistics of the job. China would not allow PC to sign operational contracts without the physical on the ground route for the achievement of them.
I don't know if this trip delays further progress to GL but I can see that a thorough discussion on related issues is what Xi would require and this is the stumbling block to overcome the GoB have discovered.
Not as GCM
The £8/£9 price was in Asia Energy time.
Worth people having a research at other assets etc that were going on back then too. It’s all on GCM’s website.
Recalibrate, I’d google Russian roulette if I were you mate, no numbers or colours in that game.
Pretty sure it went to £8 something, don’t have time to look back , will do it later if no one els does it
It is concerning that in 2010, the assumption was it was imminent for the go ahead.
Fast forward to 2024 - we are still awaiting the go ahead. That's a very long imminent!
My take on this is that if the GOB don't act now and are not interested in doing so now, after 14 years, they are never going to do it.
Essentially - this could be massive returns or bust! No in betweens.
Wow! - like playing the russian roulette...but instead of picking a colour and number, you pick a year and a government that's likely the go ahead.
Highest its been as GCM was £3 something on anticipation of green light.
Spiked from the low teens to over £1 when Hasina took over from caretaker govt.
Lot of dilution to take into account & no other assets which we previously had. On the flip side, coal prices have increased.
Man alive. I think 14 year old articles are a bit rampy even for us lads (albeit it reads like it could be from today which probably isn’t a good sign).
I love that ‘research’ is google articles and not even checking the dates lol
Well it needs to come again so I can finally leave work in comfort
I think it was a taster of what could be
some dilution but no much
Well if we are going to ramp, is that when the SP reached around £9.50 :)
Old article but to say it was £9 while waiting for approval and we are currently at 7p shows how adrift the SP is
Is a bit derampy GP considering his prediction was 14 years ago 😂
That was published back in 2010.
We are now in 2024 in case you have been asleep!
2 huge deals to watch out for. GCM one of them.
How’s a bout that for a deramp.
https://moneyweek.com/494/coal-demand-bangladesh-penny-shares-04304
Haha me a deramper, that’s a first lol.
Get GP with the deramping. 50p pfft 😂
SP will be triple figures before we hear the go ahead has been given. 👍
“I think this is the week we get a positive RNS on the government approval and granting of licence”
Be glad when you get your 10% & 🏃♂️ on 🤡
Agreed for once one only has to jpin all the dots from recent newsflow
which is only still weeks old
Dont be impatient deals like this dont get done or come around often
Patience will reward imho
I’d expect it to be north of 50p in a flash when the GL is given.
And there is the next guy who always is wrong.
What a bb
I think this is the week we get a positive RNS on the government approval and granting of licence
If so it'll be north of 10p in a flash
Wos ofcourse has done research.
Me too; wos timing always off by more than a year.
Lets see ;)
Agree - We can Expect RNS (early) this Quarter!
AGM feedback saying Q1 not 'hard timeline' but give strong indication and March 11 Power China contract RNS say proposal to be presented shortly - at that time.
Other Indeoendent 'in country medua' support this.
Like last time with placing event (when we only get few months funding space) share price did push up strongly to MULTIPLY.
Since then we have raise to give us much longer funding security well into 2025 & other very posituve development like Power China move to Contract.
How long we really think until Share Price start Agreeive move & push back up into DOUBLE FIGURES?
Any day now I would say! 🦉