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'How long is a piece of string ' comes to mind. No one can forecast as their 2nd well might also have no hydrocarbons. It could be 3rd well lucky, but can't say. By year end the price may not have changed.

A lot to absorb here, but well worth the time.

https://www.gcmplc.com/phulbari-coal-project/project-description/resources

Can't really blame the sellers, when they managed a decent quick profit, however they will return; for they just would have to at the present buy price and definitely would need to hold this share over this weekend.

Sensible to have raised £1m pre announcing their results next week perhaps. They picked them up pre the take off. I have held Asia Energy years back and fortunately sold before their plunge downwards, but there are really positive prospects for this London based Global Coal Management company now as more electricity is well needed & at the cheapest cost to the government in Bangladesh.

Power Needs

Bangladesh power generation capacity has improved significantly over the last few years with 97% population reported to have access to electricity (including renewable energy). However, reliable and quality supply of electricity is yet to be achieved and people still experience blackouts, particularly in the rural areas. Industries also suffer from unreliable power supply and many still maintain expensive captive power of their own to ensure sooth running factory operations and to protect valuable equipment. Most significantly the shortfall in commercial energy and unreliable electrical power is a barrier to industrial expansion, particularly to the development of new industries.

Electricity generation is mostly dependent on Bangladesh's gas reserves, with over 50% of electricity generated using gas. However, the gas reserves are rapidly depleting and are in high demand for other uses such as fertiliser production. With no recent significant gas discoveries in Bangladesh and with Government anticipating demand for electricity to treble by 2041 to 60,000W, the Government is prioritising the diversification of its energy sources and this is where coal can play a very significant role.

Especially like the following, along with their bullish results and normal increased dividend - approx. 13p.

''"The dividend for 2024 is up 13 per cent on a per share basis and amounts to just over $600 million. This is alongside the $785 million we returned to shareholders in 2024 through our $2 billion share buyback programme, which we have accelerated to complete by the end of 2025 ahead of our original mid-2026 schedule.*** We have also announced that we are evaluating a potential listing of ICICI Prudential Asset Management Company Limited involving the partial divestment of our shares in that company, subject to market conditions, requisite approvals and other considerations. It is intended that following the completion of such a divestment, the net proceeds would be returned to shareholders. *** .These initiatives underscore our disciplined capital management based on the clear framework communicated in June 2024 and our focus on improving shareholder returns. We intend to update you on our capital management plans at our half year 2025 Results in August."

> The best and cheapest stocks and shares Isa platforms

Broker Interactive Investor suggests Fidelity UK Index which covers the whole market. Active funds (where a professional picks the stocks) that appear in several best buy lists include City of London, Jupiter UK Dynamic Equity and Liontrust UK Growth.

Assuming the Open Offer is allocated in full and US$8 million is raised pursuant to the Placing and Subscription, the New Ordinary Shares will represent approximately 8.9 per cent. of the Company's issued share capital prior to the Fundraising. The Issue Price of 6.5 pence per New Ordinary Share represents a discount of approximately 13.3% to the closing mid-market price of 7.5 pence per Ordinary Share on 18 July 2024, being the last trading day immediately preceding the date of this Announcement.

Appendix 1 and Appendix 2 form part of this Announcement. A timetable of principal events is set out in Appendix 1. Capitalised terms have the meaning set out in Appendix 3 to this Announcement.

Enquiries:

Chariot Limited

PRU 2nd interim dividend should be announced March 18th. So expect some more buying up of this share as their Finals date approaches, and that is from now you bet !

I did unfortunately go against their advice and buy into PANR, although fortunately not many. There is still an element of risk and much waiting also. Hopefully us investors shall be very happy, but it won't be in March, hence it's falling back a bit.

Should be a good buy for recovery now. Their trading update is coming up 13th March.

Interesting pick up today. Talking of doing nicely ; so will their 8.3p dividend in summer if they still honour it.

Goldstone Res. were also producing well a few years back and the share was 14p, however they had to set aside a robbery against splendid results otherwise. They have state of the art security now to prevent any more robberies.

In June 2022, the Group was dealt a financial blow post-period end in June 2022, due to an armed robbery at site which resulted in the loss of gold, with a value of approximately US$350k. Whilst this loss is not expecting to have a fundamental impact on the performance of the business, the Group was not in a position to make an announcement which was compliant with the AIM Rules, which led to a suspension in the trading of its ordinary shares on the AIM market on 10 June 2022 whilst an investigation was launched by the authorities in Ghana. The suspension was lifted following the Company's 29 June 2022 announcement. The investigation into the robbery is ongoing and, concurrently, Goldstone is reviewing its security protocols.

Wonder whether Berenberg Bank stays with their recent broker rating of £4 - 90. Investors should try to as always catch Trainline at the bottom. This is quite likely today. Finals in early May approx to be interesting no doubt. So expect a rise from early April. Not too long to hold the share for.

This broker gets their broker ratings wrong a lot. Very erratic with many of their forecasts.

This morning Trainline is a great buy for recovery or in advance of their next results announcement.

Broker Recommendations for Trainline (TRN)

Date Broker Recommendation Old Target New Target Rating Type

12-Feb-25 Berenberg Bank Buy - 490.00 Reiteration

14-Jan-25 JP Morgan Cazenove Overweight - 500.00 Reiteration

Https://unionjackoil.com/operations/keddington-oilfield/

Broker's forecasts are very encouraging & also as another post has confirmed - roll on 20th March for when they report and declare a handsome dividend too.

Broker Recommendations for Prudential (PRU)

Date Broker Recommendation Old Target New Target Rating Type

05-Sep-24 Jefferies Buy - 1,310.00 Reiteration

02-Sep-24 JP Morgan Cazenove Overweight 1,330.00 1,150.00 Reiteration

25-Jun-24 Deutsche Buy - 1,290.00 Reiteration

Interestingly, I don't mind if you are right now. But I shall have to buy them drinks most of the evening next time I see them.

It's because knowledgeable Martin tipped us all on TBC Bank in mid January & I did buy in after that. It's up over 10% on results today and are proposing to pay a generous dividend going ex div 13th June. Plenty of time left for a further rise and only 57m shares in issue. But as always do your own research guys.

They are wise investors my friends down our local, bet they say to me ' I told you so' when I inform them next time I have bought in today @ 57.75p. Had to re - invest. Just in case there is another boat due. Lol !

Share price was £33 - 40 when I posted 31st Jan. Up nicely since & a 2% rise again so far today. So roll on for tomorrow when they are due to report to the City how they are doing. Profit to be very good.