The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
......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,
...I was just listening to the retiring John Kerry banging on about climate change and how we were headed for a 4% increase in global temperatures but with countries pulling in the right direction this will hopefully be nearer 2.5% direction by the time of the next COP.
However and it's a big however, the push needs to be for renewables and solar because coming down the tracks from ASIA is 500GW of COAL FIRED ELECTRICITY which 'writes off' all the efforts made so far to reduce global warming in the region - yes our friends in China Vietnam and India are singing off a different song sheet........hahahahaha.
No wonder he is retiring, wait 'til Trump climbs on board shouting climate change is a con and a lie. Time for another luvvly jubbly celebration - is there Bangla coal produced leccy in that 500GW ??
.....mega luvvly jubbly - I love the numbers. When they get sorted and start running the HELE generators in anger, could be 10,000 tonnes per generator, per day. Using Phulbari coal with its high thermal output (Btu's) will knock that back a little but the big question is will it be 1, 2, or 3 generator producing 2000MWs per unit - 6000MW per day was quoted by the Board, that sounds like three with the Solar Farm also contributing as they ramp up.
What were the Bunglas doing for twenty years as they sat on their hands in denial saying Import, Import. Import - that's the way forward.
....we are about to 'set course for the heart of the sun' but something is not right. There must have been quotes, planning documents, costings and a myriad of other interdepartmental correspondence between Dhaka, Beijing and Phulbari and yet nothing has been leaked.
is that because there is nothing to leak ?
Be very aware that this saga has been going on for over fifteen years and the SP is 2p with it allegedly 'in the bag'. Nasrul & Hasina are as slippery as they come and if there was news about to break, the insider traders would be snaffling the shares away.
2 NED's then wait. M Tang's strategy next followed by an announcement.............
Great the Btu info, after 15 years of no luck / badluck, what a turnaround, we're top of the charts.
Luvvly luvvly jubbly - how I love to read articles like this. Then standing there like a statue, Nasrul Hamid makes some crass statement about how they need $33 million per day coming into the coffers. They have known for years that they are struggling and why ? because they have incompetents running the show - monkeys with a dart board would be more capable.
Oh dear, Adani want some money and we don't have enough.........hopeless.
C'mon chaps, give it a rest. If you are that worried about the integrity of MT, the markets are open and you can sell your shares.
We are still in with a shout, a week ago the threat of delisting was ever present.........
Absolutely RedEye, what a clear detailed overview, well written and Christian got the balance of facts and optimism dead right.
I think just run with it now, Michael Tang did a good job getting us this £500K financial lifeline and at a good rate. I would have been expecting 1p at the death on those warrants, so 1.65 is a good effort considering all the threats and posturing.
Offices get rented, salaries are paid and the show rolls on. 3 months is time for projects to be presented, partnerships to be explored and further cash to be raised..
Let's breathe a sigh of relief we are still in the game............
Excellent article and the author has a good understanding of the dire state of affairs and incompetence of Hasina's government to deal effectively with the crisis.
The problems are carefully side stepped by the cabinet and the lead-times involved to move the populace and mine Phulbari will simply be too long. She has no incentive to do anything, so, as per the norm, nothing will be done