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KingClough, was that your order of the delayed 250K that's just shown up mate ;)
No sitting back and relaxing for me Searcher, another top day, roll on GL
Cheers for your thoughts GP.....hopefully the move upwards comes soon.
All the best
I think they are using the subscription shares to suppress the rise, by dropping into the market if required, so that bigger orders can be filled. Large investors, funds etc.
We’ve to wait until they are done I’m afraid.
Why have NT if there’s millions to be bought.
Reason is there isn’t. It’s a genius way really. Fund, suppress, fill then release and make shed loads on the guaranteed GL. It is pretty nailed on.
Hi Searcher, as always, thank you for your input.
I do follow what you are saying but am slightly bemused as to the Offer now at 6.5p, so no profit for the placement 'leftovers' ?
Maybe all the remaining shares need to be sold into the market urgently before we get breaking news....who knows.
The sp hasn't dampened my hopes, it's just all pretty confusing (for me!)....maybe that's what the Market is trying to do?!
Hopefully all will become clear soon.
Livinhope, just my opinion, but i believe that all the trades that we are seeing at 6.50 are all buys and taking the placing stock, looking at level 2 its the same MM that has been sat on the offer taking most of the trades since the placing...
There are obviously different opinions on how much stock is left, and although I personally i don't think that there is much left now, others still think that there is a way to go, but one way or another we will find out soon enough, and we should know as soon as the MM steps back and lets the SP go, so I am just sitting back and relaxing now waiting to see when it happens .... :)
...hahaha doze - excellent choice -' you thieving bastard,' .........did you see the bag of coal on the sideboard, t was marked 'Product of Bangladesh:,,,,,,, hahaha
I’ve just been offered on ii at 6.5p
NT at 6.5p. can't buy a penny
In terms of the buying/selling trades.....I have now given up trying to understand what on earth is going on - fingers crossed we move up at some point.
No idea what is going on :(
gla
Looks like we have just come out of auction, and over the ask being paid ;)
….. but the subscription shares at no profit for them!!
Can’t be long before their gone surely 👏
The Chinese are definitely the deal maker with GoB.
Sit back, relax. Buy more if the price gets silly.
Power China are an arm of the government, in 2023 it was 105th among Fortune Global 500 companies - couldn’t ask for a bigger/better player!
What they’re doing with Phulbari they’ve already done before with the Barisal coal fired power station (investment, construction & operation) among other projects like wind farms etc.
I agree the funding contract is a stipulation to approval ensuring cash is readily available….there’s no reason to put it out otherwise and PC don’t sign contracts for the sake of it. Sit on your hands now, we’re at the end game!
** Established in 2009, PowerChina's main business includes infrastructure engineering and the construction and design of energy and power projects. It inked deals worth over CNY1.1 trillion (USD152.4 billion) last year, a 13.2 percent increase on the prior year.
Agree NewboF; it signalled a determination of China to arm twist GoB into behaving with some purpose and things have moved on apace since then, mainly due to their dire straits but Phulbari being the low hanging fruit for addressing problems of finance. Tang in the background knows what he is doing also.
.... Bangla - are you not a fan of Harry & Paul - the 'hey diddle diddle' is part of their culture' and stealing their own coal makes me laugh even now, just thinking about it...........
Three scousers;
https://www.youtube.com/watch?v=rXzqajzQ4GM
I think stealing is their social security system. Chopping hands off thankfully a thing of the past.
Trust me, I agree to some extent and it’s definitely positive.
But playing devil’s advocate, this is just one of the many things they HAVE to have in place to give the GoB every opportunity to say yes. It’s just part of the proposal rather than indicative of guaranteed success.
I dont agree with the rationale that they wouldn’t have gone ahead with it unless they know already - they’ve only hashed out a contract, not actually done anything yet
Henrytheeighth you haven’t answered my question, what three scousers are you referring too ??
I have green boxed Professional as he does not engage with research which would distract a trade but do think he is a competent trader so for that perspective I have his profile as a favourite so I can refer to his wisdom. It is a good method for referring to green boxes if you want to.
It doesn't really make sense for them to announce this without being very confident of getting the approval
We can see all the press and the importance of this coal power being approved and accessed. This is what India are oding and its a huge success.
China Power no doubt have connections in the government, so i think they know
Ig 16 month funding is almost irrelevant.
Yes it means no more fundraise without positive news BUT
If good news doesnt come SOON ( decide yourself what is SOON) SP will start to slip further.
People in profit will start to sell followed by people limitting losses. Simple.
As without news this is basically worth the cash it has or 2 mln...
Basically nothing to report untill Hasina Speaks. Measnwhile we keep trading! Cheers
Alot of PR circling from the region which is positive. There must be a reason it is quiet here in UK, don't want to rock the boat
Think we could see some fireworks very soon. Consolidated well in this 6.5p-7p region
Funded for next 16 months don't forget
Sorry mistyped meant to say "Dream big to win Big"
Considering this Saga has been going on for over 20 years and the fact the SP at it's highs was over £9 and now it's about 7p. I truly think we need to give a TANG some credit here. If this was anyone else most likely they would have crumbled under the pressure and closed shop by now
Thanks TANG for keeping the lights on and keeping the Dream alive
Wich comes to Mind "Deeam big to Win big"