Member Info for Daisy1963

Another for the filter bin....

My guess is Anu Mohammed will be one of our NED`s....

And Beeshoney...

No wonder Gary and Christian could not contain their excitement at the AGM.

They would have been fully aware of this news.

Just for debate, I cannot see Hasina saying no to the mine this time.

Imagine the implications.

Back in 2014 or thereabouts she always said that coal would be left for future generations.

No need to apologise Bangla but nice of you to offer.

I also remember Ducatiman996 and there was Izzy from Bangladesh who moved to the UK.

Was that Senn1965?

Bangla, I think you have misinterpreted my post.

The post was directed at MrTwisted and his banal comment.

An accretive raise is done when the price is a lot higher than today leading to bigger things because of it.

I have been here for several years by the way under a previous name.

Searcher, Phulbari, Tiggy, Pappiklon and the late Marv are all known to me.

Going back to that Cazanove note, I actually threw it out late last year but a share price of £45 was mentioned at full production in year 8. I think £12 was the price on approval and start up. But as we have said, parameters have changed.

It will be an accretive fund raise.

Sorry to ruin your weekend

AIMfortune in the filter bin....

Smart casual will do.

Wise Owl

I don`t` think we will see triple digits for some time yet. When we talked of the £10 party several years ago, we only had 51 million shares in issue.

The company is difficult to put a value on now, we have 5 times more shares in issue but several by-products available and a solar park.

We are a world class mine with a path to market. If you look at another world class resource which hit the headlines recently-HE1-they have a market cap of around £80 million, I think we could reach half of that on approval, something like 40p a share, give or take. My calculations are not the best but I certainly think we will ten bag at least on approval.

My guess is that things are further on than we think or Phulbari will be given the go ahead pretty quickly after the proposal has been submitted.

Hasina will want to see some sign of benefit before the next election, whether she stands or not.

The requirement for extra finance by March/May is the next clue, that will be crucial to how we move forward, more importantly with who.

Has Amit done a runner or .....?

Apologies Adamk87!

Too much red

Thanks for pointing the date out Tiggy, I must have missed it.

Apologies Sharebare

Adamk87. We do not have confirmed dates, just that the proposal will be put before the Govt when they have settled in.

A very clear and concise explanation Phoenix, many thanks for that.

After looking through the CEO statement, there are two dates mentioned for financing, March and May. The raise will be for working capital purposes. If the proposal has been submitted prior to these dates, financing should not be a problem.

IMHO.

If you say so...