Adrian Hargrave, CEO of SEEEN, explains how the Company is now funded through to profitability. Watch the video here.
Each day we need at least 40 million US dollars from Bangladesh Bank to meet our payment obligation. But we’re getting 5-7 million dollars a day”.
For now, the daft old biddy and her lapdog Hamid will ignore it the crisis. The reality though is, do the opposition party(ies) actually have a candidate to fight the election....I fear not an like Putin is simply banning any dissent from the electorate, by jailing them.
These generation plants are costing millions just in standing charges and capacity charges, so no progress is being made in repaying the capital costs of construction.
She could of course resign and walk away - that's an option...
......be nice to go into the holiday with 3p nailed on the board - lets see what happens on what I guess, will be a short day of activity.
Hasina and her ministers completely misread the geopolitical signals, not surprising when favouritism and nepotism dictate who is actually in government.
Hasina doesn't want Bungla coal or the extractive process, she wants coal vessels docking, discharging their cargoes and sailing away. She thought the price would always stay
Fusion, I have been invested in this share for 15 years and remember the number of times I regret seeing an article in the Sunday Times telling the story of this huge deposit in Bangladesh called Phulbari. The Bengal rifles had got a bit trigger happy at a rally but never mind this coal deposit was going to be a game changer and the shares were about 700p, from memory.
I was hooked on the story and over the next fifteen years missed opportunity after opportunity to buy, then cash in and exit. I dived in and out on numerous occasions, mainly bad timing,
but I'm still here.' Current holding is 30,000 GCM @ 29p and 30,000 Polo @ c. 3p.
Its easy to dream of exiting at 50p or 300p or even 700p but that is the stuff of dreams.
Or is it ? Pappik will remember a copper miner called First Quantum, because he has mentioned it before. As the markets crashed in 2008, the miners collapsed. First Quantum with a very tight free-float retreated from forty quid to 500p.
Then China went on a spending spree, cities, roads, railways and 28 airports all to be built. First Quantum turned as the copper price climbed 8000, then 9000 then 10,000 and 11,000 dollars per tonne. Up went the FQM SP peaking at 9500p.
They did a 5 - 1 stock-split, but nothing really happened again for five years.
Five pounds to ninety-five pounds is an amazing story and it proves there can be a big payday if you get your timing right.
I think Tang will have engineered the situation at GCM so that he owns the company next Spring. Hasina will dawdle, the generators will lie idle due to lack of fuel and Phulbari will become the hot topic.
We, the shareholders should be worth 100p per share but I think the offer maybe nearer 10p.
All to play for still though we may need the LAPD........'are we feeling lucky, punk'
....the engineering and logistics are a massive challenge, but a day does not pass when there is another photo of a string of hi-spec pylons straddling a mountain range in China or a river bed in a **stan in central Asian. As a partner we could not have had a better choice than PowerChina.
Distribution is a problem in West London (National Grid) and in Bungla too. Its not too challenging to produce the MW but getting it to its destination is a big challenge and Bungla does not have the distribution network required. This will be a problem for whoever produces the power.
We do have a heavyweight skilled partner in Power China. but you can guarantee Hasina is messing about trying to play off various parties against each other.
Luvvly, luvvly jubbly - the problem is that as soon as Hamid opens his mouth, it is just side-stepping, procrastination and basically waffle.
This guy know how it really is: FBCCI Senior Vice President Mustafa Azad Chowdhury said, “The government has to take a politically bold decision to extract coal from the coal mines found in the Rangpur region. If necessary, the population of the area adjacent to the mine should be rehabilitated and coal should be extracted there on a large scale. By doing this, the pressure of the country's energy crisis can be reduced a little.” Offer all the locals a 'big wedge' and you won't see them for dust. They are all being poisoned by the toxic water, the airborne pollution from Bara next door - take the money and run rather than be an 'early death' statistic........
.....excellent article Searcher, the increased demand running up to 2030 is phenomenal and Bungla will get 'short shrift' as it will not have been paying its bills. Remember too, that much of the coal Bungladesh from is buying from Adani, is the poor quality lignite (brown coal), which is both dirty to burn and with poor calorific value. Hamid & Hasina were completely tucked up by the Indians
Would the real new owner of Phulbari please step forward - we can hope !!
Daily Messenger: The country will need $ 80 billion for energy sector by 2030. What will be the sources of investment? Have you chalked out any plan?
NasrulH: I have earlier discussed about the investment challenges. The government is ready to invest as necessary. But we should keep in mind that nowhere in the world the government alone could meet the investment needs. It is not also possible for us. Sounds like Beijing already has the chequebook out and right when Modi is starting to think about re-election. What a coup if PowerChina breeze past his plans and nick Phulbari in a JV with us.
.....luvly jubbly coal - c'mon Rodders keep digging In the third quarter of this year, however, China permitted more new coal plants than in all of 2021, according to Greenpeace, even as most countries have stopped building new coal-fired power and are phasing out plants.