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looks like these cowboys are trying to talk us down. not sure exactly as i'm not a subscriber but the title kind of gives it away. gla
https://*************.com/views/74046/i-d-be-amazed-if-the-gcm-resources-phulbari-project-ever-gets-sanctioned-given-the-impact-on-the-environment-and-local-people-avoid
Yep, it just means HELD didn't make the repayment schedule because they are skint. Death spiral finance!
GLA
'The Company may elect to miss payments in accordance with the agreed repayment schedule. This would result in various rights being granted to the Lender including the right to subscribe for shares in the Company using a pre-determined calculation'
The fund raise is a really interesting scenario as nearly any other company on AIM would be sold down and shorted to hell for admitting they need to raise money over the next couple of months. I certainly wouldn't mind it right now just to get it out of the way. If they manage to get the proposal signed beforehand I don't really see why any dilution should be necessary. Surely they will have multiple parties wanting a slice of the pie with a variety of funding options. GLA
RIDER, the difference with China is they are also expanding their clean energy generation to fall in line with net zero targets.
'Wind and solar would make up around 40% of installed power generation capacity by the end of 2024, compared with coal’s expected 37%.'
Bangladesh however have 80% power generation from coal and gas (21% and 59%). Unfortunately they've made crazy decisions over the last 2 decades and are now skint and must use their own recourses. If I lived there personally I'd just like to able turn a computer on when I wanted to or boil some water and probably would be less concerned about emission targets.
We're so privileged to live in the UK even though all I ever hear is how bad things are (NHS etc).
Anyway we should hear something pretty soon. GLA
https://www.csmonitor.com/World/Asia-Pacific/2024/0206/Despite-record-coal-use-China-on-track-to-meet-green-energy-targets
https://www.reuters.com/business/energy/bangladesh-power-system-gets-dirtier-rapid-coal-use-growth-maguire-2024-04-04/
Been holding these for 3-4 years and may finally get back to breakeven unless gold has topped out at 2430. A really low free float and moves fast with any decent buying but always doubted any serious players would risk their capital given the geography and company structure. Chart looks good though. GLA
It was in the translated dialogue from Pappiklon:
RE: Coal Resource High time to utilise cheaper Energy 5 Apr 2024 08:57
(Q) Mollah Amjad: Barapukuria was supposed to produce about 64 mill tons over 32 years at $34 a ton, but Barapukuria coal is now dearer than imported coal at $176. Should new mines be through a Public Ltd Co or a Private Co?
(A) Kamruzzaman (Bara): Barapukuria still generates affordable electricity, even at $176. However, it may not be possible to conduct coal extraction through a government company. That’s true. It’s not possible to follow government procurement rules. A foreign company can do it in a joint venture with a local company. This way, technology transfer can happen.
A genuine up day without relying on a silly UT or ridiculous spread.
Just seen a pig fly over too, must mean a turning point or a soggy bottom or whatever polishes your knobbly bits.
Hopefully an exciting week ahead. GLA
Yes a great read so I'd like to add my thanks too. 30 years in the making and now finally looking more likely than not.
' A foreign company can do it in a joint venture with a local company. This way, technology transfer can happen.'
This is one of the final pieces of the jigsaw for me. Going to be a rollercoaster for sure if signed off. GLA