We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Couldn't help myself.
135000K taken 6.61p at 10:00am. Not showing yet.
Can't believe I'm still able to buy at these levels.
Clearly 6.5p is the base, well hopefully it doesn't drop any further but as PP 6.5p, doubt it will go lower than 6.5p.
I agree think those waiting for lower are going to get left behind very soon
PR about to start. Drum banging incoming
Some good volume here down at the lows. Watch for a reversal any minute and then get chased
Exactly Man---i think (and this is what i'm working my figs on ) they will only sell 27-28 mill
They may not sell them all either, get their £2mil back & let the rest run
----I'm still sticking by my numbers from yesterday---and think there are fewer Subscription shares floating around than people think.
-Maybe down to 6 mill as of last night------and already 1 mill have traded this morning, which would knock that down to around 5.5 mill up for grabs.
---They will be gone before you realise, and you will only spot it when there is no seller for a day or two.
-DYOR
Looks like someone trying hard to keep price down by keep slottint the bid in small shapes
Lets squeeze them. Few more big buys and we'll be off. Its primed for a reversal
Https://youtu.be/ozKvBDJy5_A?si=ZF-27WZwX3ouC6UD
According to this recent video its full steam ahead to extract coal in bangladesh
Those buying sub 7p will be rewarded
Https://www.tbsnews.net/bangladesh/energy/govt-plans-mine-90m-tonnes-coal-dighipara-808726
Lots of positive pressures coming to bear on the GoB.
Great posts tonight (well usually) pappi.
And more on the IMF conditions re Energy subsidies
A finance ministry official said IMF may set a condition for the government to reduce its spending on subsidy.
the government still provides subsidy for electricity and gas, the IMF may set conditions to follow a timeline for gradually reducing subsidy for these two items.
Already, IMF has collected data on government spending in subsidy for electricity and gas.
https://www.thedailystar.net/business/economy/news/imf-loan-govt-may-miss-two-key-targets-set-fourth-tranche-3598466
Excellent post Pappi 👏👏👏
So much of the news of late has one common solution to alleviate many of the economic woes of the country, but it's such a massive multi billion $ project they want to get their ducks lined up first. In addition no business, or government, would sign off on a project with such far reaching implications and benefits without doing their own due diligence checks, they are engaged in multiple projects with Power China already but I would be very surprised if they weren't doing due diligence on GCM, all these things take time, no surprise there has been nothing from the Energy meeting 8 days ago, absolute silence, they re not going to announce anything until they have the answers to the questions that they are going to be asked, financing, relocation, land acquisition, infrastructure, transportation, work force and training etc etc. My investment is based on my belief it's coming, could have come sooner but right now we appear to be in the perfect storm for a PR coup in presenting it as the forward thinking solution to alleviate so many woes
$4biion shortfall on previous reduced reserves target
The International Monetary Fund (IMF) has observed that Bangladesh's net reserves fall short of its target and has asked the Bangladesh Bank for a proper action plan by 8 May detailing how to bolster the stockpile of foreign exchanges.
The visiting IMF mission made the observation during a meeting on Monday with senior officials of the Bangladesh Bank to review the progress on its various targets ahead of the release of the third tranche of the $4.7 billion loan, a central bank official present at the meeting told The Business Standard.
He said the country's net reserves at the end of March were about $4 billion short of the IMF's target of $19.26 billion.
Also, the global lender has asked for complete information about the amount of money laundered from the country. It also called for information about the progress of the central bank's steps to prevent money laundering,"
https://www.tbsnews.net/economy/imf-asks-proper-action-plan-8-may-building-reserves-839576
Professional - with a combo of your oracle level knowledge of what will happen next and superior trading skills to us I’m surprised you’re still messing around on AIM stocks.
I assumed you’d be either retired or picked up by a hedge fund by now lol
My big stake Mankini, anyway.
It is possible tacit approval is given soon with a fanfare later after Beijing summit.
No doubt there are more i’s to dot & T’s to cross. Big stakes involved.
Everybody wants their slice of the pie
Its all leading to the same conclusion.
Exciting times for sure. Next uplift once the dust settles from this placing.
If you think over the possible agenda in the energy committee meeting it would be high priority to approve OPM but subsequent to it what you get is a high level mission to Beijing. Some details need ironing out about Sino-Bengali relations before a GL is given imo.
Again trade below placing price.
More will follow as time passes. As always. Simple
News we have had remains the same. Positive noise from the upper echelons of Bangladeshi power.
The go ahead is still coming, not as quick as some would like (spare a thought for some of us 15 year veterans 😂)
We were rising nicely after the earlier fundraising. That rise only halted by this big fund raise that was for some reason brought forward by 6 weeks + for whatever reason.
However, that financially secured us for next 16 months.
We know nothing of what was discussed at the first energy meeting yet.
We remain above the placing price, the stock of which must be nearly all sold on by now.
No dramas left to worry about, just waiting for the nod that is more than likely. I believe it was foretold that champagne would be drank at the next AGM
Unless we are fundamentally missing something here it is clearly obvious what they need to do! Get this mine opened up ASAP!
I would even go as far to say I imagine all the people who have been opposing the mine being opened up will be somewhat more sympathetic/for it now with the thought of potentially being able to have the AC on and being able to turn their lights on see what their doing during the summer months. Surely they can see the upside to getting their own coal out of the ground. 🤦♂️
As temperatures soared to a sweltering 43 degrees Celsius, Bangladesh faced unprecedented power shortages on Monday, with load shedding peaking at around 3,200MW marking the highest record of power cuts in recent times.
https://businesspostbd.com/power-energy/record-3200mw-load-shedding-as-mercury-hits-43c