Member Info for HenrytheEighth

....agreed as a possible scenario. My word of warning, avoid legal action at all cost as it will be more money down the drain and time wasted.

TMF - the first question is why did Najib quit and secondly, why is Christian heading for the exit door

One would surmise that they were not too impressed with MT's PR / negotiating skills or the deal on the table.

The only way I see MT benefiting is if he forces all shareholders to fall in line with his diktats and he wrests complete control of the voting by delisting GCM.

What has happened about the £300,000 loan and was this (terms maybe) the trigger which precipitated the exit of Christian T. I would have a lot more confidence if that was now in the bank.

Secondly, is MT poking fun by mentioning the AGM - even with a coffee and donut, that has to be a £10K expense. Why waste ten grand.

Haven't we seen this before with Polo - Pursuant to Rule 1 of the AIM Rules for Companies, if a company ceases to have a Nomad the Exchange will suspend trading in its AIM securities with immediate effect. If a new Nomad is not appointed within one month of the date of resignation of the original Nomad, this will result in the Company's ordinary shares being delisted from AIM and the Company's admission to AIM being cancelled.

So, is the plan to divest themselves of 'fit & proper ' non-ex directors, Dyani, Polo and DG Info slotted into a new company....................but why, for such paltry gains. What a waste of all those years planning, Gary Lye is an old man now. All rather pointless.

Sounds like there is still an AGM or will that be cancelled at the last minute

TMD - exactly, before he attempts to de-list us we need a bit of Oscar Wilde and hope the AIM regulators agree - Re. Polo and GCM - To lose one may be regarded as a misfortune, to lose two looks like carelessness!......75% is a big chunk of stock, why all the subterfuge, why does he not do what Sting sang in his lyrics- 'we'll sell the stock & spend all the money'.

.....so he needs 75% approval from the shareholder base to de-list. That is a pretty big shout and if he has access to 75% he was always going to do what he wanted.

Meanwhile VileJimmy and his brother LooseSphincter over on ADVFN continue to post inaccurate and troll-like information because their poor little lives are so un-endingly boring and their idea of fun............enough said.

I cannot reconcile to the idea that the whole Polo / Gcm activities are mired in some 'smoke & mirrors scam which is going to net Michael Tang the whole project and kick GCM out of the game.

It could do, but how is stealing the project going to settle Dyani with their huge holding. pay off Keith Fulton with his million shares or settle DG Info so they can cash in their holding. Running off with a 'bag of swag' the shares and cashing them in, sounds like a whole lot of work and some very disgruntled shareholders.

Half a billion tonnes of coal legitimately owned, sounds a much more attractive option.

I haven't looked at the AGVFN board this am but there were some pretty extreme comments last night - We have a few more days to go.

............. I suppose that is the perception of Asia Energy/GCM in Bangladesh, though the scale of PowerChina's projects here cannot be underestimated.

Bangla is running out of FX/Cash to pay its monthly coal bills.

These must be astronomical. They could be running a partial shut-down which would help their coal / gas consumption, but I expect shutting down a boiler is probably not just a flick of the switch. as burner temperatures are over 1000 degrees celsius and the steam 550 celcius.

As other posters rightly commented, the modern day HELE power plants are technologically advanced and far less damaging to the environment than their for-bearers.

My biggest concern and one which may be a deal breaker, is the situation regarding the residents of Phulbari. This can be resolved with generous terms and envelopes of $$ dollars, but clearing the site and potential civic unrest may represent an issue.

The Chinese are organised, fast and properly funded and will have dozens of highly skilled, site engineers for a job like this.

However, I cannot see them completing the mine & installation in less than two years.

Hasina wasted years avoiding the issue and declaring IMPORT IMPORT IMPORT was the way ahead for Bangladesh.

What an error of judgement and cost to the people of Bangladesh.

Let's hope she is candid and and approves the project quickly.

Everyone wants dollars not Tk crore - wouldn't you......

The country's power sector, too, has been hit by a severe cash crunch, especially the US dollar, piling up a huge backlog in payment of their import bills, according to official sources in late December.

According to sources, the power and energy sectors' cumulative outstanding bills as of December jumped to about $5 billion.

Mr Hunt said that gas prices "are four times what they were before Ukraine, and oil prices are nearly 40% higher, and the single biggest cause of instability is Putin's aggression in Ukraine".

Never mind what Hunt said - its all great news, luvly jubbly .........

..oh, very dear me, but pretty normal occurrence down in Bangla town, I like the truck with the LNG tank on the back and the pipeline bringing gas to Dhaka.....ummm....I expect Hamid is very pleased with his technological breakthrough... and still has 99 days of his Masterplan to go.

...they need 50,000 tonnes per day of coal - no mention of that.

They are talking about a gas pipeline - for the most volatile priced commodity.

Exploration - 10 years to date and no strikes.

Renewables - needs to be part of a mix and years away.

This is Hasina as we know her, just like a slippery fish, she will avoid Phulbari for years ahead.

All this is just what we expected and 100 days.....errr... that's three months to have it all sorted.

I thought Hamid would have rolled out Jamal or Digi just for good measure.

...this is a clear indicator that Hamid is a fool with no grasp or understanding of the energy market.

He is just a lap dog for Hasina, but his brief carries with it, a very important role in cabinet.

But, as RIDER75 says, 12000 MW is insanely expensive, not to mention the much needed development of the grid which would be required. Not a serious proposal.

$13.5 billion was the total package, I should add.

SMTM - good point.. A quick bit of research on solar parks 22000MW requires 30 square kilometres of land and varies country to country.

Combined with Phulbari and its 6600MW HELE generators......who knows. The cost for the generators was $13.5 billion but maybe it could fly with some serious Chinese support.

\hamid lives in cloud-cuckoo land, 12,000 MG of solar power would not be commissioned for years. The Bunglas need 45-50,000 tonnes of coal daily for their existing plants - how many solar panels do they think they need for 12,000MG and with a grid which cannot support it.

Coal is the key, that sounds like Hasina hitting the reverse gear button already.

Just get on with it and stop talking about 'possibilities' - we'

've had that for nearly 20 years

Chowdhury was a man with his own agenda - he couldn't argue a point just kept on about Bungla needing renewables or Indian coal . I would have him down alongside Anu(s) as being in the pocket of Adani and on the take. Dismissal may be corruption linked.

Excellent news he is out

.......I am sure you are accurate in your assessment of Bangladesh politics and the fact that so much 'graft' and corruption is a normal part of Bangla life.

I get the distinct impression that Hasina is fundamentally lazy, likes to play the SE Asian matriarch and tell the world that if Covid, the Ukraine / Russia war and Gaza had not happened, then everything would have worked out fine.

She came unstruck because the world was changing, she was never going to match the garment growth of the previous five years and her 'electrification and energy policy' IMPORT, IMPORT, IMPORT was blue-sky thinking and with no back up plan if things started to unravel.

They did start to unravel big-time, but she has two tenuous lifelines, a) she rigged th election so she won and beneath the black, sodden paddy-field landscape which is Phulbari, there lies abundant coal, enough to keep the country going for thirty years.

Someone has to finally make first move.

The Bunglas cannot fund the mines and engineering / generation costs, so are we going to see a battle between Modi & Beijing for pre-eminence in Bangladesh's future. Will 15th January signal a new Master Plan - there is all to play for.

Nasrul Hamid - he must have some good points, but I don't know what they are. He is economic with the facts and the truth and he oversaw the chaotic operations of the countrywide Power & Energy department. These were just a joke. Power stations without fuel, unloading facilities which were grossly inadequate and capsizing coal transit vessels. How can we forget the capacity charges, charges passed through for payment where the generators had not even been run, never mind producing power.

There has to be a big question mark about his ability and suitability for high office.

Five coal fields are always mentioned but Phulbari stands out head and shoulders above the others and there is the fact that the Phulbari field runs into the current mine at Barakuparia.

She could threaten to mine another field (leverage on Tang / GCM) but any engineers are going to say STOP, we don't want longwall mining at 500 metres depth, it has to be opencast mining at 150-200 metres depth. Opencast also gives much higher recovery rates.

This is now getting interesting and let's hope China will fund / develop the mine and agree quickly.