Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
The Company remains grateful for the ongoing support of its shareholders, stakeholders and staff.
We are more confident than we have been in recent years that we are getting closer to a political breakthrough for the Phulbari Coal and Power Project. When this happens, we are ready to deliver the benefits and investment returns that our patient shareholders deserve.
A nice piece to add at the End. He knows shareholders have waited a very long time for this project to happen and here he is literally saying hold on we're almost there and everyone will be rewarded massively for thier patience
Also to add : Shares of PowerChina [SHA: 601669] finished 1.2 percent lower at CNY4.92 (68 US cents) each today. The benchmark Shanghai Composite Index lost 1.3 percent.
People in China would have read this today and traded thier shares today in PC according to this news. Its not something to take lightly for a company of this credibility
SB, the RNS you refer to states the funds will be released upon approval
This article clearly states the following: PowerChina, will design and strip Bangladesh's largest coal mine
To me it feels like two different statements
This is puzzling me......
We received RNS from GCM on 11 March, PC made this announcement yesterday (26 March ) why wait till yesterday to make this announcement, have they received some kind of confirmation from GOB recently
Searcher, your probably right as both Rns and the china article both mention overburden stripping
But Surly this will give one confidence the fact we have had an RNS and now also being talked about in the Chinese media that's this is going to happen
"PowerChina International Group inked the deal for the Phulbari coal mine with UK GCM Resources, Beijing-based PowerChina announced yesterday"
According to this article ( PC inked a deal with GCM yesterday ) are expecting a RNS on this ?