Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
From the RNS on 28th Nov 2018:
"Exclusivity Agreement
Following discussions with multiple data room entrants, the Company has signed an exclusivity agreement (the "Agreement") on Licence P2252 with a major international oil and gas company (the "Counterparty"). Exclusivity has been granted to the Counterparty subject to a definitive farm out agreement being entered by 31 January 2019 and completion by 28 February 2019."
So if this is going ahead we should know within the next 3 weeks. I would expect news at anytime before then as they already had six weeks and don't see it going to the wire...just my opinion.
MAJOR INTERNATIONAL OIL AND GAS COMPANY...Cluff has the contacts and is well renown!
Good risk v reward here!
Many thanks mate and thanks for reconfirming this.
Someone reported back from the AGM saying that nomad issue was all in hand and company were confident of getting this sorted shortly.
Maybe the shares we are seeing bought and sold at these levels are nomad related?
Oh my good god...you do realise that if you did a 360 turn (i.e. full circle) you would be facing the same direction you started off in?!
Good luck with your investments...seriously. I mean that.
WHYAST1605, I am with you mate...just pointing out the sudden change of heart by a certain poster who was de-ramping the heck out of this only a few days ago...before he/she bought in...
GP, I know mate...just funny how quickly some posters change their minds...especially those that claim to be from Bangladesh and have stated the more they research the less they like the company. Then low and behold...a 180 U-Turn!
What about the people of Phulbari? What about those that died in the protests over a decade ago?
I would agree that the timing of the RNS is absolutely stupid - 15 mins before the market closes for New Years! WTF!!
However it doesn’t detract from the contents and gives everyone a chance to digest ahead of the market reopening on Wednesday.
2019 will be TRANSFORMATIONAL for Upland!!
WOW!!
Almost 2 TCF!!!
I remember at ECHO, each TCF was worth 50p to the share price...what are the estimates for UPL?!
Cracking RNS!!!
FANTASTIC NEWS!!
GCM made it clear that they were waiting on the outcome of the elections before progressing matters with Power China. Both parties now have the clarity and certainty they needed together with the benefit of Power China / China having built up relationships with Hasina and her government!
BRING ON THE JVA!!!
Thank you very much Newbyoldy for your report and for sharing it with us.
Once the elections are out of the way (ie next week) I think we will see things happen here is short sharp order. GCM has the support of the Chinese and as such has been in the most advantageous position it has been in for some time. Things finally feel like they are going to happen!
Ah yes. The three violent protestors who ransacked the Asia Energy offices, threatened staff and were eventually and unfortunately for them dealt with by the local Bangladeshi authorities. None of the above was Asia Energies fault but that of those mobsters that stirred up tensions because they were going to lose income through importing coal.
As a result, millions of Bangladeshis continue to suffer because of an energy crisis in the country. Still they can keep on importing dirty coal from India and pay huge sums for doing so. #staypoor #stayunemployed #stayreliantondirtyimportedcoal
3 of them were apparently arrested according to their Twitter feed. Good. Hope they are charged and given appropriate punishments. The worst thing is many of them don’t have a clue about the history or why they are protesting in the first place!
Some chunky trades reported after the close.
Looks like they waited all day to smash the bid into the close. Getting pretty transparent here! Lol
Some chunky delayed buys going through at 3.5. This looks set for a strong close.
The reality it that with all the investment China is making in Bangladesh they will have them over a barrel. What China wants it usually gets.
Most of the locals have come around to the Phulbari mine as they have been educated on the benefits over the last few years by GCM and others. It is a vocal minority that as funded by Anu and the Indians that are trying to stop this - in my opinion of course.
F minus. Must try harder! Lol
Exactly mate.
The last thing the GOB will want to do is to agitate the Chinese. This won’t just be about Phulbari, it will be about all current and future Chinese investments in Bangladesh.
Thanks Phulbari.
The elections will be over next week so expect newsflow thereafter it would seem.
As for the Chinese gaining traction, they have invested BILLIONS and I’m sure will be applying the appropriate pressure to get this sorted - especially given that Power China is a state owned entity.
After many years this looks ever much closer to actually happening!