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Https://www.tbsnews.net/bangladesh/energy/nasrul-seeks-jica-support-investment-master-plan-based-electricity-demand-849431
https://www.tbsnews.net/bangladesh/energy/green-energy-transition-needs-coordinated-efforts-major-investment-nasrul-hamid
“The developed world, including Europe, is moving towards renewable energy. We also need to increase the use of renewable energy," he said while addressing "2024 Policy Dialogue on Sweden-Bangladesh Partnership in Renewable Energy within the RMG Sector" at a Dhaka hotel.
The state minister said, in sync with the changing world, Bangladesh is also working to expand and increase the use of renewable energy.
"Efforts to provide clean electricity to businesses are continuing through net metering systems, rooftop solar, import of hydropower, and increased use of energy efficient appliances," he added.
Mixed bag of energy for Bangladesh. They are not going to scrap their coal plants which need fed with local fuel.
NCT, why are you being so negative about the future 😄
The Government needs to be quicker in approving OPM at Phulbari in order to actually have a policy. The news every day will be full of this that and the other because the country has no policy initiatives that are delivering.
I think he’s bullish.
From the link posted:
Nasrul Hamid said, "It is time to consider the opportunity costs, whether it is more profitable to set up an alternative fuel power plant, and who will be the potential customers even if electricity is generated. Some proposals have come to set up solar power plants," he said.
From JDA:
GCM Resources plc (LON: GCM), an AIM quoted mining and energy company, is pleased to advise that it has agreed a Joint Development Agreement ("JDA") with PowerChina International Group Limited ("POWERCHINA"), and Dyani Corporation Ltd ("DYANI") in relation to a proposed new greenfield solar project called the Dinajpur Solar Power Project ("SOLAR PROJECT") which would be an adjunct project in conjunction with the Phulbari Coal and Power Project ("the Project").
Looks like you should sell up then NCTrade. They’ll fully implement renewable energy in one fell swoop so no need for any coal transition at all…lol.
Again, I don’t take much from ANY news article at the moment but the optimist in me thinks that this is all part of the PR train: if they are the go ahead with mining then you need to have it go hand in hand with the long term plan of moving to renewables, otherwise optically it’s untenable. Classic spin.
But as I say, overall we haven’t learnt anything new either way imho
But as I say, overall we haven’t learnt anything new either way imho
Agree. So will be trading week again
Wos which way first? Wink wink...are continu the Friday move?
He predicted a permanent drop to 4 cents. We'll see if it's true. Many have extreme increases, then an acceptable correction, then it goes up again, then it doesn't go down below..., then other circumstances occur that cause the price to fall, but overall everything has been wrong so far. Only the person who said it will keep falling... is right so far.
Https://unb.com.bd/category/Bangladesh/bangladesh-needs-jicas-help-for-investment-master-plan-based-on-electricity-demand-nasrul/135445
Phulbari project rests on governmental approval, however the noise coming out from Sheikh Hasina and energy minster in recent days seem to be geared towards cleaner energy for Bangladesh
You could just admit you don’t know what will happen either NCTrade?
You could put the same weight of argument into the fact that Hasina hasn’t confirmed she WON’T start mining. You’d think if she wanted to beef up the renewable argument that would be a quick win to get out there
20 years is an awful long time for such a wonderful project not to have been given the go ahead!
In that time how much money had been raised as ‘working capital’ what has this money been used for?
Dilution after dilution, more shares in issue with no end product…
You’re blocked NCT bye bye
Yeah tbf I agree it’s ridiculous NCTrade. And if I’m being totally honest my excitement peaked a month and half ago and has waned ever since haha.
One day hopefully log in here and see it’s come to fruition but I’ve sort of mentally checked out (I appreciate being here doesn’t help that though lol)
Gpback - its a first time I’ve been blocked by a GP…hahaha
This bit of instrumental news should be rns’d by gcm
GP….some words of wisdom from NC. Safe to apply the same logic here. LOL
NCTrade
Posted in: HE1
Posts: 868
Price: 1.025
No Opinion
RE: Buy buy2 Apr 2024 09:01
Just remember folks, nobody spends so much time and effort knocking a bad share…
NCTrade
Posted in: HE1
Posts: 868
Price: 1.075
No Opinion
RE: Terrible Humans28 Mar 2024 12:23
A whiff of news and this will surge...
👏👏👏
*******o adam is copy and pasting people's past posts against lollllll
#drivel
Adamk87
Not sure what the posting history has to do with how gcm is being run.
Better to spend your time and scrutinise the gcm financials and then you’ll realise they had been raising millions each year for ‘working capital’ towards trying to achieve approval from the government for the phulbari project without any success.
Once this money runs out they will request another raise for more ‘working capital’ :-))
Nctrade but don't they now have more then a year's money now to keep going after tge last raise?
I still think this has huge risk buying at current share price, 1/2p is a good buy here, because any delays or bad news will deip.this righgt back to 1p,
The rewards are massive too but it just seems like Bangladesh moves too slow, also missing out on many opportunities
Yeah, from last years calender and Henry Hoover.
We are all set now until next year ;)
I did buy at 1/2p. It’s in an uptrend to 100p+ now 🫡😃
GP your lucky mate but anyone buying now could lose alot of money if it goes Pete tong
They could of course. If I could wish it back to 2p to buy more now under the current expectation of the GL I would 😎
I don't think they can. OPM is going to happen so the worse that can take place is a placing conditional on delisting as per POLO but that would not be in Tang's interests or in the interest of getting approval.
GCM deserve a lot of backing for the diligent and persistent work they have done against the headwind but the wind is on the tail now.
Can....lose a lot of money