The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
.....high-yield debt, dodgy finances and non-performing loans @ 30% interest - all sounds like the junk bond issuers & buyers will be checking their slide rules...........oh yes, and what about the 40,000 tonnes of coal needed on a daily basis...........luvvly jubbly.......
That suicide is dangerous it brings on many changes and I can take or leave it if I please...........
The game of life is hard to play, I'm going to lose it anyway, the losing card I'll someday lay, so this is all I have to say............suicide is painless.
Great song, Theme from Mash c. 1970
....ha ha ha WasNotWas isn't a pundit - he made a catchy record with Kim & Ozzy, that's all. As for Phulbari - $13.5 billion should get it up and running the Chinese way......come to think of it, wasn't that China Crisis who sang that.
By1973 - I (personally) think in terms of 100p because it is a 'do-able' figure. If Summit or other interested parties were hovering, maybe higher would be possible.
Hasina's mindset is that the coal is Bunglas and it should be at nil cost to the state.
We are at 6p with fighting intensifying in the Ukraine, we need the oil price to move more quickly and frighten the Bungla cabinet into action and the fx to drop through the floor.
....good article and tightens the screws on the small independent generators ...... she needs to 'crack the whip'
and get on with the task, it will be June 2024 before, we know it.
...getting a bit rattled - whilst I admire your enthusiasm for the project, I think you are getting a bit ahead of yourself trying to tell Hasina what she should do and what she should say.
The numbers are going awry too, with 6000MGW being generated at a cost of £13,7 billion not $100 billion - that would be one very expensive plant.
....she is stalling as usual and spinning out the idea that Bangladesh should wait before committing to a project. She has neither the drive or skill to manage a project of this scale so she is looking at any excuse to delay Phulbari.
The good news is that she is up to her elbows in debt and as we saw earlier, wiggle room is diminishing fast
80 - 100p and out - I think that is the sentiment of many shareholders. Tired of incompetent, corrupt leadership and three years at least before we are extracting the coal, a fair offer around 100p would see most heading for the door. Our biggest challenge is the 'double-act' in Dhaka, they seem unable to do anything constructive, just borrow more money, run up more debt and tell everyone . Yeah, it's all fine, we've got a grip on the situation, where do we sign.'.....
...hahaha doze - excellent choice -' you thieving bastard,' .........did you see the bag of coal on the sideboard, t was marked 'Product of Bangladesh:,,,,,,, hahaha
.... Bangla - are you not a fan of Harry & Paul - the 'hey diddle diddle' is part of their culture' and stealing their own coal makes me laugh even now, just thinking about it...........
Excellent article, excellent photo - that's the way to mine coal and India appears to have got it off to a tee.
As for the Bunglas, they stole 147,000 tonnes of their own coal - bit like the three Scousers while Hasina fretted about her latest Amazon online sari and would it 'let out' where it was a bit tight.....I am sure they can find one seamstress amongst all the girls who are idle at thee moment....
.......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.