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Phulbari is a gift horse to Bangladesh, to refuse to develop it would be a catastrophic blow to the country's future. Some people are idealists and idealogues but when the fan and the excrement are meeting something has to give. Much of whats been reported recently has the feel of a softening up job, the idea the Hasina doesnt know the full ins and outs of Phulbari i dont believe either. This all feels like its for show.
It will free up a lot of cash to develop a renewables strategy, everywhere needs base load, their best chance is the mine, the lower cost of energy will benefit the wider economy. They're either burning imported coal and broke and going more broke or they are pragmatic and have a pathway forward.
Whay choice does Bangladesh have before if it collapses?? All politicians save their own skins when it comes to it, even Sunak has started to row back on Net Zero. Whats their alternative before the lights go out?
Fitz, have you had a read of the list of directors of both Greenvale and Georgina?? You should, you'd be less anxious about us all losing our shirts. Some of them have done this stuff before. But your concern is heart warming.
Aimless, youre telling everyone about delays and placings when you have no evidence of either. Ikhan is far closer to the truth than you are.
Greenvale are doing a nice presentation on the 4th of April and MSMN are buying kit to start drilling and its been confirmed stamp duty is paid.....join the dots.
As for cash thats been explained as well.
Aimless, ministerial approval from the NT government is imminent,its been confirmed that the last invoice from the NT to Greenvale was sent and duly paid, last week. Sign off is expected within two weeks of that date.
Georgina are in London to finalise the Listing so thats imminent as well.
The last raise was to buy long lead time equipment which will then be reimbursed along with $160,000. Leaving the company cash positive for some time. Mosman is then on a free carry to first drill on EP 145 and Seismics on EP155.
Its been stated several times but you choose to bleat constantly.
You do know that you can contact the company and ask questions.