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Liberty Group own liberty power tech and Liberty Mills, the mill is the main employer, and from what I can see main income earner. Power tech employs 29 people.
https://libertymillslimited.com/
i'd like to understand why engro , one of ****stans largest companies, have decided to leave such a promising market and sell on to a textile company, looking to diversify.
positive being a stronger focus , but experience and access to capital, would be limited
Hi Guys
from 2022 accounts
looking at UK directorships of our board, may have others in other juristictions.
Mark Steed (72) 12 positions held , as director or co secretary total salary £31,200
Dave Hutchins (Australian) 4 director positions total salary £21,000
Naheed all Oracle related companies total salary £150,000
3 employees, plus co. secretary (7 in total) £311,000
what advice would you give?
i used to like the fingers in many pies strategy, but you need assets and income for that.
need to focus on one thing and wouldn't be confident is saying that's in ****stan, even though they are the assets most heavily invested in.
I
Good write up in leadin English language daily on pk energy policy or lack of, plus good mentions of ORCP
https://www.dawn.com/news/1822265/stalled-energy-solution
islamabad: the government is all set to prepare a comprehensive action plan and policy for developing/ producing green hydrogen in ****stan in consultation with all the stakeholders as the united nations industrial development organisation (unido) has shown willingness to extend $14 million funding for clean hydrogen,
https://www.brecorder.com/news/40292881/developing-green-hydrogen-action-plan-policy-on-the-cards
It’s always been the way, pk has been to the IMF about 24 times. China were well aware of its track record of economic and political ineptitude, when they launched cpec.
If the return is right, the Chinese will invest, remember just means higher risk premiums , that is higher returns, so better for us
From the Indonesia link
Since 2018, coal gasification to produce DME fuel for Indonesian households has been touted as a more affordable substitute to the country’s liquefied petroleum gas (LPG) imports. However, IEEFA pointed out in a January 2022 report that DME prices were cheaper than LPG for only 15 months over a 20-year period — and estimated that the total per-tonne production cost of a DME plant would be nearly twice what Indonesia was paying for LPG imports.
I don't know the economics of coal gassification, sounds a no brainer when you have millions of tons of easily accessible lignite or coal.
At the same time India is going for it, but has had to announce £700 million of subsidies to develop the industry https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/cabinet-okays-rs-8500-crore-for-coal-gasification/articleshow/107123926.cms?from=mdr
Indonesia huge subsidies required too https://ieefa.org/resources/keeping-indonesias-downstream-coal-projects-afloat-will-require-hefty-government#:~:text=highlights%20cost%20challenges-,Downstream%20coal%20projects%20in%20Indonesia%20need%20a%20government%20subsidy%20of,and%20Financial%20Analysis%20(IEEFA).
so have no idea if its feasible
I think its fair to say the election has done the opposite of bring stability, looks like absolute chaos.
All PTI guys are running as independents, some already defected to other parties once elected.
Am confident in saying whoever comes to power will not fulfill a 5 year term, easy bet,as no party in the history of pk has completed a full term, ever.
But this looks messy as h3ll , no mandate, just bitter wounds and disappointment.
Military credibility at lowest point, lower than 71 when they lost half the country!
I don't see how there can be another share raise until some positive news.
PK goes to the polls on February 8th, going to be highly contested election as the most popular party are not favoured by the puppet masters (military).
PK produces more electricity than it can consume, so no one rushing to build new plants, without strong guarantees.
Australia is the only hope and that's a very unclear path to monetisation.
saw this post on twitter today from a ****stani businessman.
few years ago, a friend wanted me to come to ****stan and meet few ministers and sign up some mous in energy sector.
i told them i will not be able to get funding for projects in ****stan.
they said, don’t worry about the funding, we are interested to show off with mous only.
https://x.com/zulfiqarahmed69/status/1739961749397230044?s=2
Am interested to know what assets the company holds.
The right to mine one of the 12 Thar coal mine blocks, currently one active
Leased land for the GH project, for solar /wind. leading to GH
A share/ option on RiverGold based on our previous exploratory licences
A CPEC sponsored power station based on Thar coal, although unclear if chinese still building overseas coal based power plants
Is this correct?
Great news, details below
https://www.riversgold.com.au/wp-content/uploads/2023/12/61186037.pdf
Hi GH , back to the railway line was originally announced at an ‘MOU SUMMIT’ by the PM in October ‘22 and was expected to be built by March ‘23. https://arynews.tv/thar-coal-mines-rail-link-to-bring-economic-revolution-pm-shehbaz-sharif/
Problem is railway line has been promised for several years, deadlines set all past.
Last re announcement in September, no news, such as publishing calls to tender, since.
Development funds , PDSP?, hugely cut back, unless private sector takes forward, not likely to happen soon.