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“Feasibility studies have been planned for the construction of open-pit coal mines in the northern and southern parts of the Barapukuria coalfield in Dinajpur, the development of an underground mine in a 15 sqkm area in the north-western part of the Jamalganj coal field, spanning Naogaon and Joypurhat, and the establishment of an underground mine in the Khalaspir coalfield in Rangpur. In addition, there is a plan to develop an underground mine to extract coal from the Dighipara coalfield in Dinajpur.“

https://www.thedailystar.net/news/bangladesh/news/will-invite-intl-bids-energy-blocks-energy-minister-tells-js-4155611

You don’t have government level trips and not sign deals. 🤞

The sums.

Digit of advfn:

All the proposed coal fields except phulbari could once turning full bore may produce 7-8 mln tons per annum likely years from now 5-8yrs implementation would be remarkable……..the country is currently importing north of 15mln tons and could require up to 24mln tons up to 2050………..now I'm no expert but the elephant in the room that makes up that figure to something that would genuinely have a positive effect on import coal reduction NOW is the phulbari coal…..👍

Tick tock

The decision to mine (where feasible) by open pit seems to have been made.

We’ve been waiting for 18 years for that.

….. the orchestrated drop in share price on low volume.

Making sense now.

GL all.

The significance to me was who said it, the BD government are in China currently, and the Energy Policy is finalised and ready to be signed.

Is something on their Chinese visit in the policy?

Will it be thrashed out in the trip and signed off on their return?

5-6 years ago we’d have been 50p+ based on current events before this news never mind on it!!

All I can say is you don’t do feasibility studies at both ends of the same mine.

If this isn’t us, then the discussions between the BD government, Powerchina and us HAVE to be advanced.

North and South open pit mines.

Sounds like the GL is coming 🤯👏👊👊👊

OPEN PIT MINES - PLURAL - TUKU

“Feasibility studies have been planned for the construction of open-pit coal mines in the northern and southern parts of the Barapukuria coalfield in Dinajpur, the development of an underground mine in a 15 sqkm area in the north-western part of the Jamalganj coal field, spanning Naogaon and Joypurhat, and the establishment of an underground mine in the Khalaspir coalfield in Rangpur.

In addition, there is a plan to develop an underground mine to extract coal from the Dighipara coalfield in Dinajpur.“

Https://www.thedailystar.net/news/environment/natural-resources/energy/news/bangladesh-invite-international-bids-bay-bengal-energy-blocks-energy-minister-4155291

From digit again:

Hope this makes sense from last night's interview,many executives are aware this final document is ready for approval,how long that takes is in the lap of the Bangla government,and there's no details on what resources this document relates too…….

"Not much importance was given to bringing foreign investment here. In fact, no work has been done on it in the last 18 months. The previous government had called for a tender. But if there is no political government, investors do not get confidence and do not come. It did not come for logical reasons.

Now the final document is awaiting the government's approval. Do you think that this government should take a quick decision to bring foreign investment along with its own initiative for local resource extraction

Of course. There is no doubt about it. When you make a decision as soon as possible, when you invite foreign entrepreneurs you know that they will jump in and it will not be a proper business case. It will be feasible for them to go into exploration you know very well that if you go into exploration, you will get everything, someone is giving this guarantee, so to take on the challenge that they will take the decision should be given first and after making the decision, if exploration happens, we will get three, four,five. The sooner this decision is given, the better. Besides, as long as our own exploration is not done we are dependent on imported fuel"

Courtesy of digit on advfn:

“Just translated latest e&p interview and apparently the much awaited energy policy document is complete and awaiting signing……….no more details on what it featured“

Nice 300k BUY delayed by 1hr helped 😉

The sp has ticked up and a little more volume too.

Hopefully that’s it for now. Needs confirmation though.

Fyg, on SOLG.

It was over 10 years ago when the sp was marched for no reason from 7-8p to 1p.

I bought a million at 1p and sold back at 7-8p thinking I’d been sensible.

Thing is, I’d always had a 43p upper target for the stock and a few days later it got there after a big miner bought a stake in the company at an elevated share price.

The drop was orchestrated by someone.

If the Chinese want GCM then they will pay a fair price. Let them have it rather than Polo.

Bring it on.

Digit, all

In my recent experience I watched SOLG get pushed from 7-8p all the way to 1p without any reasoning. Then a week later it reached 43p on massive major miner buy in.

Next top up next Friday for me. Can I benefit from the drop. It matters not if I can’t.

The uptrend is still intact digit. This is an obvious squeeze on low volume. It’s coiling nicely.

Unless Polo are going to immediately offer to buy us.

Someone is feeling the squeeze.

My top ups are imminent 😅😂