Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Ricky, i could not agree more with the mis timing here and AIM in general, i think even Tang thought it would be quicker , there has to be a bangladeshi connection in place not just us & china, and that along with other good news will see us turn the corner and get value close to your 150 or £1 is my thought,, PC will be creating pressure just by the sheer weight they bring to Bangla, G.Lye is the fella who gets it all connected the expert on the project, & many feel he would have had this done and dusted if he had remained in charge, rather than Bywaters, & he is to be trusted ive never heard anyone say a bad word against him ,& he always response to question, its become his life times work,,, it aint the time to be nervous ,fedup F,YES, but its pretty transparent in the absent of emotion where we are going, the company are hopeless in promoting ,but they have no interest in the daley SP, only end result
Lets help them Searcher,
It’s true that power and energy sector has expanded all over and expanding every day. But long term sustainable energy security is in a spot of bother. Bangabandhu’s vision of developing extensively own fuel resource for strengthening backbone of energy security is compromised. Bangladesh cannot survive on the slippery track of exclusive imported fuel. The sooner policy makers get back to Bangabandhu’s vision of self-reliant energy and power sector the better. There must be a well thought balanced fuel mix of own and imported fuel.
On August 9, 2019 Bangladesh must take fresh initiative for exploring and exploiting coal and petroleum resources to its full potential and for developing comprehensive fuel utilization plan with implantable fuel mix and pricing vision. Bangabandhu’s soul would be better respected if we can do that.
The bureaucrats dominated energy and power sector will soon be stuck in quick sand if Bangladesh becomes exclusively reliant on imported fuel. Prevailing and emerging global geo politics may create oil crash. Bangladesh cannot absorb price shock. Moreover, geo politics may lead to disruption of fuel supply chain.
Saleque Sufi;
Contributing Editor, EP
We I think have to have an offer of over 180p as this was the last offer for GCM(not 100% if that's exclusive to polo) my valuation is simple around 1.billion for GCM with all in place. The chinese will not be part of an underhanded deal being this is on the world stage. Tang.polo have the most say .there must be a opening for a bangla partner to join us.Tang will be so well rewarded so will Dyani it's hard to see them jeopardising this but of course they could. My view is between 250 & 300p as a TO. 7 was the start if we mine. If it is a take over with all in place around £5.guessing we will have around 200 million shares at that stage. Imho
That is a opinion/ possibility too,
i am guessing you have conviction in your view & you have sold by now ?
my opinion is the opposite i have been buying added 37k just before last announcement , i posted the trade here ,
GL With your investing
the bigger picture ,
Bangla no longer gets the support it once did from other economies,its moved up the list,
Bangla really will not care what any other nation has to say seeing the support and real cash flow is coming from the east,
Bangla inspite of making different noises ,will do exactly that which gives its chief decision makers the best results,
that in line with the fact it is the best choice & will serve there country make this sooooooooooooooo compelling,
GP.
ive been buying ,any weakness when possible, new investors just know Tang & Dyani are completely in line with us on end result, also our share issue for a junior is so well managed just look at others, the result here will be spectacular if we succeed,
GP. Best not to respond to trolls it just messes up the board for investors,
Read her manifesto on the Chinese visit it clearly states the Friday afternoon was to meet CEO.being PC are of the largest given there resent problems with building & projected project's of course they would have meet. Not forgetting companys of PC size are in effect extensions of government. This is huge and sensitive so needs to be done correctly. You could of course be correct. But all my research suggest different or I would be out of here.GL.
It's as plan as the nose on my face taken longer than I anticipated. But it is now ready and could come anytime more likely mths now. They have set it up for approval the main users have there %in place they had a meeting PC with Hasina 2 weeks ago you really think after that they have not got direction?then to add a mining partner .adding it's a gift here be it a trade or a hold it will be many x our SP In the coming mths.IMHO that should bring my fan club out. I wont engage with the trolls any more it's unfair to real investors GL AZ
At the structure of our deal & the allocation of shares,
It is simply there, polo,dyani, both will hold 30%, with the surplus there for a bangladesh consortium ,
i would llllllllllllllove it to be £7.25, but my guess is between £3 /4
exciting times ahead
We have the choice and will have already rejected partners ,
We will choose the one whom ticks all the boxes that meets our total criteria , be assured of that,
This is a Huge deal & The biggest will want part of,
But we have the choice, Much news to come, Much
Gas price hike: Leftist parties call nationwide half-day strike July 7
At separate protest programs on Monday, Ganasamhati Andolon, Communist Party of Bangladesh, Workers Party of Bangladesh and National Committee to Protect Oil, Gas, Mineral Resources, Power and Ports (NCPOGMRPP) also protested the latest gas price hike.
All the platforms claimed that the government increased the prices so that LNG and LPG companies can make profits.
Islami Andolan Bangladesh also announced to hold a protest rally on July 5, saying the hike was irrational and against public interest and it will help raise commodity prices.
About 84% of the people earn below Tk20,000 and they will suffer most by the tariff hike, said IAB's Dhaka metropolitan unit President Sheikh Fazle Bari Masud.
He also threatened that people will take to streets if the government does not withdraw the decision.
Addressing a human chain in front of the National Press Club, NCPOGMRPP Member Secretary Prof Anu Muhammad said the government has created an environment for LNG by making Bapex inactive in the last decade.
“The government has increased gas prices so that profit is made by the cylinder businesses and corruption runs rampant in Titas,” he said.
He also said that NCPOGMRPP was supporting the LDA called half-day strike.
Addressing another human chain at the same place, CPB’s central leader Ruhin Hossain Prince said price of essential commodities would also increase due to the gas tariff hike.
He said they organize protests till July 6. “We will observe a countrywide strike on July 7, if the government does not backtrack from its decision.”
On Monday, Samajtantrik Mazdur Party, Bangladesh Communist party (Marxist ), Jatiyo Biploby Party along with several other likeminded platforms also protested the price hike at a human chain in front of BERC office in Dhaka’s Karwan Bazar.
The minister said the DCs will try to recover the unpaid bills
State Minister for Energy Nasrul Hamid Bipu has given directives not to provide gas or power connections unless the requesting entity is in a planned industrial zone.
He issued the directive to Deputy Commissioners (DCs) on Monday, on the second day of the conference of DCs.
“As per the order of the prime minister, all industrial zones need to be developed in a disciplined manner. Problems arise if gas and power connections are given indiscriminately,” said the minister.
The outstanding power and gas bills of government institutions currently stand at Tk140 million and Tk80-90 billion respectively.
“The DCs will try to recover the unpaid bills. If someone fails to do so, their lines will be cut off,” the minister added.
[Knowing GCM.s aim is offering the lowest possible tariff on electric, its one of the points for our timing in proposing ]
Mentioning that gas price in Bangladesh is much less than other countries, Prime Minister Sheikh Hasina on Thursday said those who are demonstrating against the recent tariff hike were not taking the real situation into account.
"Those who're waging movement don't think about the real situation or they don't see our development. This is unfortunate," she said, while delivering her valedictory speech in the third session, or the Budget Session, of 11th parliament, reports UNB.
The prime minister said in fact 75% hike in gas price was needed, but the government increased it by only 32.8%. The total cost for importing per cubic feet LNG is Tk61.12, but it is being sold at Tk9.80/cf by providing huge subsidy.
"Though gas price was hiked to some extent due to LNG import, it's much less than what in other countries of the world," she said.
Refuting the claim of Deputy Leader of the opposition Raushon Ershad that gas price had been brought down in India, Hasina placed statistics comparing the gas prices between Bangladesh and India.
She told the House that the gas price for household purpose was Tk12.60/ cubic feet in Bangladesh whereas it was Rs 30-37/cf (Tk37-45) in India.
She said the gas price for industrial purpose was only Tk10.70/cf in Bangladesh against Rs 40-42/cf (Tk49-51) in India, while CNG price was Tk43/cf in Bangladesh, which is Rs 44/cf (Tk54) in India, and the gas price for commercial purpose was Tk23/cf against Rs 58-65/cf (Tk71-80) in India.
She said the government supplied both gas and electricity to people after providing a huge amount of money as subsidy.
we have every thing in place now almost,
expect more articles now,expect pro own coal & benefits ,
Polo & Dyani have there 30% in place should there be a B/O
don't be surprised or caught out we now have every thing in place & the company have not tried to promote YET!
But when they do ,its going to be outstanding GL All
hope its a case of 50000, most of which will be better off, against 167 million ,
eradicating poverty ,sanitation ,hospitails ,education,hope,starvation ,
its really been a crime not to, you see if you have wealth in Bangla life is great [HASINA HAS MUCH WEALTH]so many have been happy to keep it that way,,
hopefully we have reached the tipping point,,much news due depending on how they are being told to play things now,& they will be getting direction from the top no doubt,,
Micheal Tang is an incredible deal maker what he has achieved is beyond doubt and it gets stronger by the day just look at every time we have needed to raised finances .his college's are happy to back us Dyani have done masses of work all for shares.polo invested another 1.2 last year if you take just these facts on board it completely tells the story &indicates extremly confident people. But you see they simply put there not really connected to London market.being in Asia. I would not be surprised to see offers start there will be many who would now want GCM. Tang will not give it away .its true value is closer to and well above billion . Dependent on the end price of energy &we know we can provide the most compedative energy prices avalible to Bangladesh
You misunderstood my point. There is no doubt to my mind where we are going . & i have been buying.
But the company now need to promote investor's nolonger really understand This story and expect it always to fall back. .there will be much news now. GCM are in a fantastic position. The market needs to be informed
CGGC shall assist the Company in pursuing the necessary approvals from the Bangladesh authorities for development of both the proposed coal mine and Power Plant.[2/7/18] RNS,
We have 3 majors ,who have presence on government levels now pitching phulbari,advocating the way forward,
really this should be many times today's SP at least running into 70-80p pre proposal hope the company are taking note THEY will be extremely disappointed with the markets reaction,[Simple your not promoting or understanding AIM GCM directors