The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
.......now back to Ozzy Osbourne & WasNOTWas....
5p here we come....
You can count on GCM to disappoint, though I expect Hasina is ducking the issue, formed an investigative unit to look at the effects of coal mining on the local populace and........
blah, blah blah -
When I saw this mentioned the other night the warning bells started ringing as this procrastination is standard Hasina (in)action
China ramped up coal power capacity last year, according to new analysis, despite a pledge to "strictly control" the dirtiest fossil fuel.
The country added 47.4 Gigawatts (GW) of new coal power in 2023, more than double the rest of the world combined - great....
....what does the Lardy say to her critics........ nah, nah, nah........its all lies, there is nothing wrong with a FX reserves.
All the time the boilers are running at minimum capacity because of shortage of coal.
They have no money so are we to extrapolate the situation and say Power China's involvement will be a complete game changer. I think the answer is YES.
...totally on-topic. GP, there you go, it says it all and with Phulbari's legal comments, I hope Michael Tang has all his wits about him and he sells the company allowing us ' n'er a backward glance'.
Interesting input Mr Chippy, thanks for the info. That is not particularly impressive performance but in all fairness, progress with battery performance is moving ahead at a rapid pace. However, recharging is obviously the Achilles heel at the moment.
She could pop in to see Mr Adani and say ' Oi, I need a bit of that leccy you have been charging me for for two years and I haven't used - starting right now.' A nice big floodlit yard to charge the diggers / dumpers in and 90% will be Bunglas on the hey diddle diddle topping up their electric cars............................I better go and do some work.
....dump trucks - DJM27 interesting post but how up to date are you on your electric vehicle technology.
A few weeks ago I saw a photo of an electric (battery powered) dump truck working at Pilbara, Western Australia - load capacity 300 tonnes.
Doing a google check this am, it is now 400 tonnes. A lot of the technology is F1 stuff with energy recovery from the braking systems. These machines are expensive to buy @ 2.5 X normal diesel machine costs but what a fantastic selling point for the project at Phulbari.
I am probably the only person on this BBD who has his own machines - here in SW France - a Jeremy Bamford JCB digger and Terex 1 tonne dumper - luvvly, like co-workers on the project, those big Komatsu machines are 'deal-makers' - how can anybody talk them down, Interestingly, one of the biggest manufacturers is an Indian company, I'm sure the Chinese can copy those if necessary.......
....good, I am glad you got it - the generator(s) is next door at Phulbari so the carbon footprint for transport / logistics will be minimal.
Add in a solar farm on site, electric dumpers & diggers, staff in well paid meaningful employment (not subsistence rice growing) and you start to see it all come together....
The problem on the horizon is her, Hasina. She got it wrong, but it was somebody else who made the mistake. Tucked up by the Indians - that was Nasrul at fault.... We still have a long way to go.
......that's quite positive and the timing impeccable - let's hope so. All that coal which is going to be trapped in Baltimore will provide another 'spanner in the works'. Luvvly Jubbly
She will do everything to avoid making a commitment and we are seeing this constantly. Her dream has been shattered, predominantly by naivety and a complete underestimation of global events and the on/off energy crisis. Look what she has achieved, a series of 'White Elephant' power stations either idling or which have run out of coal - 10,000 tonnes per day .....dream on, it took 20 years to build the Padma Bridge. Run out of cash, power and coal - time now for definitive decision making, not fretting about the NED's - check them out on Linkedin - they're fine and will be an asset to the company.
....would have to go into Matabari daily to meet the delivery expectations of the power station - impossible for the Bunglas to do, but for the Chinese & Indians, no problems.
....cheers ManuDave for the exact numbers - 51,000,000. Even the bump up to 98.000.000 was never going to be an issue. I am always interested in companies with very limited shares in circulation and the classic FTSE100 housebuilder Berkeley Homes used to make me smile. Just 136,000,000 in circulation, you can imagine, always amazing dividend pay-outs.
Sadly, Tony Pidgeley. the founder died a couple of years ago but to be chairman of a FTSE100 company when you were brought up in a railway carriage and never learned to read or write is an impressive CV by any standard..
I'm sure Phulbari will correct me if I am wrong, but from memory it was a very modest
c. 50,000,000.
The Mine Construction Contract duration is four years, with overburden removal to expose first coal taking some two years. The Company and PowerChina expect to enter additional contracts covering coal extraction and associated activities to support ongoing open pit mining operations and the Project's commitment to deliver high quality coal supporting......
...all good sensible planning and be quite a day when the first coal seam is exposed, two years will fly by. The sad thing is we could (should) already be at this milestone with massive Komatsu excavators on site and a rail head terminal ready to despatch coal to the relevant Bangladesh generators....
Rickyroman - aha, that's me. aka HenrytheEigth I moved over to ADVFN, never seen so much garbage squeezed onto a front page then realised I hadn't a clue what my password was for LSE -- certainly was not name Tudor kings. First purchase of Asia Energy c, autumn 2008, definitely post. Bengal Rifles shoot up......... interesting times with 30,000 GCM and 30,000 Polo
Ilka - have a word with Wos-not-Was, he likes his INTEL and be able to send you in the right direction. The key words are depth of the seams and recovery rates. The longwall mining at Bara has recovery rates of only 10%
....nearly 12,000 posts and that's only today's modest offering. Never mind there is always tomorrow and the famous GCM chant - 'i wouldn't want to be out over the weekend' or ADVFN's - GCM GONNA BEHUGE.............hahahaha
........oh very dear me - someone ought to go back to college and study Maths & Economics.
What a load of old tosh, does he think that all the banks and commodity traders in the world conduct business like him - by guesswork...
Then we have the Adani scam aka 'how to get tucked up in SE Asia and ripped off big time'.
Back to the cliches for Thurs - hope for the best and prepare for the worst'. Can't help but think the price hike data was perfectly timed to put the fear of ....up them. ......fighting in the streets and then oust the government....... maybe.
That's GCM - running the process right up to the wire. I am reasonably happy with the situation but anybody can write an RNS and scupper the whole restructuring deal.
2 No, NED's approved will add a lot of credibility, but will that actually happen or will it be 'Unfortunately, I am disappointed etc....blah, blah, blah
Somebody knows the state of play to use a cricket metaphor but I'm not sure they are convinced' we should be nearer 5p not two,