focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I'm sure Hasina said coal to be left for future generations, hopefully her successor is the next generation.
Bangladesh's Prime Minister Sheikh Hasina announced on 6 February 2014 that the issue of coal extraction was to be left to “future technology as food security and protecting the land of the farmers is the first priority”
https://www.google.com/amp/s/www.thedailystar.net/environment/natural-resources/energy/news/bangladesh-didnt-promise-net-zero-emissions-2050-3062886%3famp
Towfiq-e-Elahi Chowdhury, energy advisor to the prime minister, today stood in favour of power generation using coal and said Bangladesh did not make any promise regarding Net Zero Emissions by 2050.
Bangladesh is a very low carbon emission country and that is why the promise of Net Zero Emissions by 2050 will not be applicable for Bangladesh, the PM's energy advisor said.
"We didn't make such a promise anywhere, it's not our goal. It's for the developed countries," he said at the second stakeholders' meeting on Integrated Energy and Power Master Plan (IEPMP) at a hotel in the capital.
Does anybody know the rules to re-list.
I've read AIM rules & it's not clear to me, but my understanding is a company needs minimum of 5 years from delist & must have £3m cash in the bank.
can anybody help or clarify?
Does anybody know the rules to re-list. If that is ever likely.
I've read AIM rules, but its not clear to me, but my understanding is minimum of 5 years from delist & must have £3m cash in the bank.
Proposed c.£241 million Capital Raise by way of a Firm Placing and Placing and Open Offer of c.284 million New Ordinary Shares at 85 pence per share
Kier, a leading infrastructure services and construction group, today announces that it proposes to raise gross proceeds of approximately £241 million by way of a fully underwritten Firm Placing and Placing and Open Offer and separate Directors' Subscription (the "Capital Raise") of, in aggregate, 284,049,829 New Ordinary Shares at an issue price of 85 pence per New Ordinary Share (the "Issue Price").
The Capital Raise, which together with the recent sale of Kier Living Limited, will raise approximately £351.4 million of gross proceeds for the Group. The proceeds will provide the Group with the financial and operational flexibility to continue to deliver on its strategic objectives within its chosen markets and will allow it to further enhance and capitalise on its position as a strategic partner to its customers.
The Firm Placing and Placing and Open Offer, which have been fully underwritten by Numis Securities plc ("Numis") and Peel Hunt LLP ("Peel Hunt"), are being conducted by way of an accelerated bookbuild process (the "Bookbuild") which will be launched immediately following this announcement (the "Announcement"). The Firm Placing and Placing are subject to the terms and conditions set out in the Appendix to this Announcement (which forms part of this Announcement) (the "Appendix"). Numis and Peel Hunt are acting as joint bookrunners and joint brokers to the Company in connection with the Capital Raise (the "Joint Bookrunners"). Rothschild & Co is acting as financial adviser and sponsor to the Company.
Key Capital Raise Highlights:
· Intention to raise gross proceeds of approximately £241 million through a Firm Placing and Placing and Open Offer:
o £120.6 million to be raised through the Firm Placing through the placing of 141,851,386 Firm Placing Shares; and
o £120.6 million to be raised through the Placing and Open Offer through the placing of 141,851,386 Open Offer Shares.
· In addition, certain Directors (or their closely associated persons) are expected to subscribe for approximately £0.3 million in aggregate of New Ordinary Shares at the Issue Price (the "Director Subscriptions").
Some good points & some bad,
But Phulbari is only 300km(ish) to Adani / Godda Power plant, much better than Australia. Oh & the Chinese are building the power plant...
Wouldn't that be a good partnership?
https://ieefa.org/ieefa-adanis-godda-power-project-left-behind-by-changing-energy-policy-in-india-and-bangladesh/
What is Adani’s Godda power station?
Godda is in eastern India, in Jharkhand state, close to the border with Bangladesh. Adani’s proposed 1.6GW power station in Godda requires an estimated 5 to 6 million tonnes of coal from Adani’s Carmichael mine in Australia each year.
Despite being located in a coal-mining region, 700km away from ports, and India’s policy of phasing out imported coal, Adani’s proposed Godda power station will rely entirely on imported coal. Transporting coal over such large distances will raise the cost of producing electricity at Godda, which Adani plan to pass on to consumers thanks to a controversial deal with the Bangladeshi government and special concessions from the Indian government.
https://www.stopadani.com/godda
https://www.thedailystar.net/opinion/news/ban-gcm-claiming-ownership-our-coal-1989473?amp
https://energybangla.com/payra-coal-fired-power-project-success-to-end-coal-debate/
Why is this over sold???
One of the key share holders (holding aprox 18%) has to sell to remain under 30% holding. In achieving the latest milestone + other milestones & monthly share retainer, they are potentially entitled to an additional 20%+.
My thinking is they have 6-8m in share to dispose of.
Tang hasn't taken his options as this would dilute the company, allowing even more shares to be issued to Dyani & Polo etc. as they are capped at 29.99%.
Dyani are paid in %'s of total No of shares in issue.
Tang is keeping the total No of share as low as possible.
Once Dyani & DG infratech have taken all their % milestone shares, then Tang is will most likely exercise his options as he is not %age driven...