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Gcm have replied to my email saying they will pass the SP Angel note onto the Directors. See if we get an RNS.

That’s the GoB stating own coal!! “The relevant state minister's statement, made during an interview with this paper recently, to the effect that the government has a plan to develop the country's unexploited coalmines.....”

The relevant state minister's statement, made during an interview with this paper recently, to the effect that the government has a plan to develop the country's unexploited coalmines using the state enterprises concerned would be appreciated, at least, for a couple of reasons. Firstly, the start of the development work would bring an end to the stalemate over the fate of coalmines holding a large reserve of quality coal. Secondly, if and when exploited, these mines would feed a number of major coal-fired power plants that are now under different stages of implementation. Otherwise, the government would have to import a substantial volume of coal at a huge cost annually. The fact remains that successive governments did suffer from indecision over the ways and means of exploiting the coalmines, partly for environmental and partly for technical reasons. The country is now extracting coal from only one coalmine at Barapukuria out of five mines discovered so far. The coal mining authority at Barapukuria has been using the conventional underground mining method that disturbs both nature and human settlements far less than the process of open-pit mining. However, the latter remains the most cost-effective and efficient way of coal mining. There is no denying that coalmining is a tricky and sensitive issue for a densely populated country like Bangladesh. No matter whatever method is used for coal extraction, there would be displacement of people and environmental degradation in and around coalmines. However, the extent of damage does depend on the methods employed in coalmining. Undeniably, these particular issues have been holding the government back from taking decisions on extraction of coal reserves from virgin mines. The violent incident involving the Phulbari coalmine in August 2006 and the opposition to open-pit mining coming from the rights activists also worked as a disincentive to a great extent. Thus, the authorities concerned, deliberately, had decided to drag its feet on the issue taking refuge under the so-called process of formulating appropriate coal policy. Now there is an urgent need for bringing about an effective change in government approach to country's coal reserves. The government would need a substantial volume of coal for running its power plants. Its import would cost the state coffer hugely. Besides, spending a huge sum every year on coal import when the country is blessed with huge reserves of quality coal would not make any sense. However the fact is that coal, a variety of fossil fuel, is no more preferred globally. Rather, it is considered one of the major polluters of environment. Many developed countries are now shutting off their coal-fired power plants and switching over to renewable energy sources. Days are not far off when coal will be discarded as a fuel. Bangladesh, for reasons of cost, has opted for coal-fired power plants. To reduce the operating cost further, it would be prudent to extract co

Stick that up your pipe and smoke it SP Angel!!!

http://www.newagebd.net/article/67728/two-workers-die-in-accident-at-rampal-power-plant I’m guessing health and safety is that great.

Bees, it is clearly one of the worst deramps from a so called respectable broker. Shame on them for potentially inciting and therefore supporting potential unrest at Phulbari. We all know the number of people displaced over 10 years is 40,000 not 230,000. That’s even higher than the activists use!! Jeez how concentrated the populous must be on that FARMLAND lol. If there are 160 mill people in Bangladesh over the massive size it is, if the 10 square miles of the project area contained 230,000 the whole country would be the population of China!!!

I’ve written to the company regarding the note. See how they respond.

Has anyone sent it to the Company. Deserves a reply from Tang. Factually incorrect.

How desperate do they sound lol. I hope they get burned badly this week.

Excepts: “He said that the One Belt, One Road initiative of China is continuing for a high quality communication mode while China is very positive about China-Bangladesh business cooperation.” “In mega infrastructure projects, Zhang said that China was the biggest in South Asian region while China was one of the largest partners in mega infrastructure projects in Bangladesh, he said. He also said that about 200 large Chinese companies and 200 Chinese SMEs were in operation in Bangladesh. Chinese companies were optimistic about the China-Bangladesh business cooperation in the next decade.”

China will facilitate more investment in Bangladesh: envoy Bangladesh Sangbad Sangstha . Dhaka | Published: 23:54, Mar 16,2019 | Updated: 23:55, Mar 16,2019 Chinese ambassador to Bangladesh Zhang Zuo on Saturday said that China would facilitate Chinese companies and small and medium-sized enterprises to come to Bangladesh with more investments. ‘The Embassy of China in Bangladesh will work closely with the Dhaka Chamber of Commerce and Industry to facilitate business together and to make innovations together. It will support DCCI as a bridge for communication with private industries,’ he said. The Chinese ambassador said this when he met DCCI president Osama Taseer at the chamber on Saturday. Commercial counsellor of the Chinese embassy Lv Yang was present, said a DCCI press release. Mentioning that Bangladesh had immense potentials in blue and coastal economy, Zhang said that China had recently passed the new foreign investment law which was more open and flexible for foreign investors. He said that the One Belt, One Road initiative of China is continuing for a high quality communication mode while China is very positive about China-Bangladesh business cooperation. ‘In 2017-18, China’s foreign direct investment to Bangladesh increased and China has invested more in Bangladesh than any other country,’ he said. In mega infrastructure projects, Zhang said that China was the biggest in South Asian region while China was one of the largest partners in mega infrastructure projects in Bangladesh, he said. He also said that about 200 large Chinese companies and 200 Chinese SMEs were in operation in Bangladesh. Chinese companies were optimistic about the China-Bangladesh business cooperation in the next decade. He also invited DCCI members to participate in the Shanghai Import and Export Fair 2019 in Shanghai in November next. DCCI president Osama Taseer said that China was now the largest trading partner of Bangladesh and the country by and large exported frozen and live fish, leather and leather goods, vegetables, textile fibres, paper yarn and woven fabrics, articles of apparel and clothing, electrical machinery and equipment and furniture to China. The bilateral trade between China and Bangladesh in fiscal year 2017-18 was $12.40 billion. According to the economists, this bilateral trade volume might reach $18 billion by 2021, he said. The DCCI president said that Bangladesh’s ‘Look East’ policy was essentially designed to open up new avenues of cooperation with China and the ASEAN region. Taseer sought Chinese foreign direct investment for ‘RMG product diversification’ and allied technology transfer. He also urged for quick implementation of duty free, quota free market access to Bangladesh. DCCI senior vice-president Waqar Ahmad Choudhury, vice-president Imran Ahmed, directors Andaleeb Hasan, Alhaj Deen Mohammed, Enamul Haque Patwary, Hossain A Sikder,

http://www.newagebd.net/article/67624/china-will-facilitate-more-investment-in-bangladesh-envoy

Add 14.5bn dollars more searcher ;-D

“....I anticipate that this will facilitate the submission of the Company's proposal to the Government of Bangladesh, and am pleased with the progress being made." So the delay was likely to be due to the 2nd JV which was ok in my mind. So now this is out of the way there are RNSs galore possible. 1. Submission to GoB of the “Project”. 2. Implementation in China’s B&R Initiative. 3. POWERCHINA feasibility assessment of JV’s 1 and 2. 4. China Ghazouba obligations and assessments. 5. Financing by Chinese banks from their B&R war chest. 6. Environmental impact assessments for all 6 x 1000MW. 7. Approval by GoB (The GL). 8. Potential farm-in into our 80% of the Power Station and of course the mine. 9. T/O potential must be right up there as a possibility. All in the next 6 months :-D Where will the sp be with all that?

SS I don’t care as I know the end game. But they are moaning about themselves lol.

RJ, I’m also not selling, well not until many multiples of pounds is reached. It’s scary even contemplating it. We know what the future company valuation is worth to those who can resist temptation.

Have all you traders stopped and thought that it’s your collective self that is stopping the true rise happening.

Good news is anyone selling right now has made a huge loss on their day trade!!

Mms are scrambling around looking for stock cos there is none lol.

Cos that’s sensible lol.