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State Minister for Power, Energy and Mineral Resources Nasrul Hamid told The Daily Messenger “When we understood that gas is depleting fast, we undertook the coal-based power generation projects. So, during the gas crisis, these projects are contributing as much as we need.”
“Moreover, more coal-based capacity is waiting to generate power. Still, we cannot utilise the Matarbari plant’s full capacity. Some other coal-based plants are in the pipeline that will serve more. Besides, coal is currently cheaper than LNG,” he added.
https://www.dailymessenger.net/business/news/18147
Thanks Searcher. Further from Daily Messenger:
"Industry insiders think Petrobangla currently cannot provide an adequate amount of gas to the national grid as gas production has depleted and importing liquefied natural gas (LNG) has also got expensive. So, the coal-based power plants are playing a key role in managing load-shedding and meeting the demand".
"Petrobangla Chairman Zanendra Nath Sorkar told The Daily Messenger, “We cannot supply gas and LNG as per the demand as gas production is depleting fast. So, the government has to deploy the coal-based plants.”
Booooooooom
We just need the news of the mining going ahead and can’t see why it won’t go ahead as the country’s current situation is far from ideal. It’s just a waiting game but it has to be the closest it’s ever been. GLA
There’s no comparable alternative to Phulbari for the amount of coal, in the time it’ll take to produce.
The buck stops with us boys, you can be certain of it.
Mm’s filling background orders - record breaking volume month on month for GCM since the new year, moving the price up & down like a yo yo, non of it’ll matter when the market gets wind of approval…until then, we wait. GLA!
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! 🦉
Wos ofcourse has done research.
Me too; wos timing always off by more than a year.
Lets see ;)
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
And there is the next guy who always is wrong.
What a bb
I’d expect it to be north of 50p in a flash when the GL is given.
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 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 🤡
Get GP with the deramping. 50p pfft 😂
SP will be triple figures before we hear the go ahead has been given. 👍
Haha me a deramper, that’s a first lol.
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
That was published back in 2010.
We are now in 2024 in case you have been asleep!
Is a bit derampy GP considering his prediction was 14 years ago 😂
Old article but to say it was £9 while waiting for approval and we are currently at 7p shows how adrift the SP is
Well if we are going to ramp, is that when the SP reached around £9.50 :)
I think it was a taster of what could be
some dilution but no much
Well it needs to come again so I can finally leave work in comfort
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
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.
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.