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And this point:

- Ensure imported coal-based plants have an uninterrupted coal supply.

doubly reinforces this one:

- Finally, make domestic coal mining a top national priori

Interesting that all panelists stressed the point that the 'geology dictates the method of extraction' which I interpreted as realpolitik speak for 'get real.' Politicians, community leaders, eco warriors etc. cannot abject to OPM if the geology dictates otherwise. Sounds like they are 'getting real' now and are preparing the population for the inevitable GL.

Wouldn’t surprise me either. A +200% premium on 6p, so let’s say a takeover bid at 18p could well happen.

Wouldn’t be the end of the world mind you, but it’d mean the dream of poundland would be denied.

"It also noted that many private generators were still under construction and were expected to come online in the first quarter of 2026, with a pipeline of further wheeling arrangements anticipated for the year"

Starbanker1

Or maybe CHAR will retain ownership of the renewables business and partner up with ACWA as they fund new businesses at the asset level with something like a 80% ACWA / 20% CHAR ownership split of each new asset? Might be a better option for CHAR, allowing them to benefit from the growth of the business rather than effectively sell up now.

It's all very exciting in any case! AP once said that each of the three pillars (back then it was renewables / gas / hydrogen) had the potential to be $$$billion businesses. Now that there are two key businesses, renewables (which is fully financed and has recently attracted the interest of ACWA) and oil & gas which due a new partner and a new plan of action for Anchois any day now (according to Oiltdr anyway!) perhaps we're looking at a $2bn company in the making?

£1 SP anyone!?

Fernan

I agree it’s not got anything to do with Anchois. But what about Nambia, which is specifically mentioned in the MoU? I don’t think it’s a coincidence that Char have applied for the license for block 2714, a block with a low risk 7tcf gas reserve, and have now singed this MoU which specifically mentions gas-to-energy development. Perhaps it’ll be enough to persuade the Namibian authorities to award Char the full license (and not just the 10% back in)? Could be mega for us.

All part of an orchestrated PR plan to pave the way for the GL before the Feb elections IMO. Those mass demonstrations re. Teesta mega project are part of it. There’s no way they are mere grassroots protests by concerned citizens.

Soon we’ll see demonstrations to get Phulbari green lit as part of the Teesta mega project.

I feckin hope so Wiggly. The silence is slowly killing me.

Oiltdr, any thoughts? You think we’ll get Anchois news before end of year? (this year!)

Chrisn3

Slide 15 of their July 25 preso mentions 'fixed margin, difference between electricity bought and sold' so it's effectively a spread. Perhaps 5%? I dunno.

5% of 750k is 37.5k. Not a lot, but it's a start!

Etana Energy today confirms the 5MW Boston Hydro plant goes into operation. New energy stream for them, and ultimately for CHAR.

Why won't CHAR RNS this? New source of revenues? Surely this is material news.

https://www.linkedin.com/posts/etana-energy_cleanandsimple-renewableenergy-hydro-activity-7386641139896053761-rjCL?utm_source=share&utm_medium=member_desktop&rcm=ACoAACI3lO0B05AcF7nY9XPJ0GGKMWFDZmiuNUw

Good lord!

Is that all he had to say? No mention of Anchois development, Loukas, Namibia?

Surely we need a bigger o&g company to farm into Anchois to manage everything to production and act as operator thereafter? I can’t see Char and ONHYM doing all of that by themselves.

Wiggly

Let's not forget NAMIBIA. Imagine we are awarded blocks 2714 A & B for old time's sake and we immediately farm out 75% of it to a major for a free carry. That could send the SP from your 20p to 40p.

It's all possible.

Thanks Oiltdr

Hopefully the farm in will conclude soon, and it’ll include an upfront cash payment so that we can remove the risk of yet another raise.

Oiltdr

I appreciate you posting here.

There have been many articles in both Moroccan and trade publications almost confirming a lower scale Anchois development. So what you’re saying now is nothing out of the blue. Any idea on the terms of the farm in agreement? I would assume it’ll include numerous caveats such as no FID until a flow test is conducted. Any thoughts?

Apologies, my copy and paste job clipped the last bit. Here it is:

Rahman responds by saying it’s wrong to make a blanket statement like “no one will finance this project” because there are interested parties, including China and Japan. He also says that the Bangla government would also need to be included as an investor for national policy reasons, to show the people that the government has not sold away it’s Coal resources and also to ensure that the project will go ahead (foreigners have less stake in it’s success, compared to the Bangla government)

Hossain then closes the interview by stating that Bangla must include Coal in it’s energy policy. It can’t make the transition to renewables just like that.

I managed to translate their discussion on Phulbari (from the 26 min mark)

Hossain: You rightly point out it was a waste of time (about the delayed coal policy). We have talked about this issue many times. As far as we know, you already brought to our attention the fact that apart from the three mines of (names Phulbari and Bara) we do not have much information about other mines in Bangladesh. The most important thing is that the scheme of development of the Phulbari coal mine has been pending for a long time for Government’s approval.

 

Context has changed, which is that the high price of land has been determined politically. The population has also increased a little or the cop pattern has increased, and many other problems have arisen. So in this situation, let’s say I’m in Phulbari for example, If we accept the scheme of development and start the main excavation work how long will it take from the decision-making or from the project go-ahead to get this coal I the ground for use?

 

Rahman: First of all, the foreign company under which the scheme of development was submitted for Phulbari was in 2006. After 2006 a lot of water has flowed into (names some rivers) There have been many changes in the entire management of our country. The number of people has increased many times. People’s livelihoods have changed. So for that reason there is no opportunity to follow that scheme of development exactly now. Some updating will be needed there. So I believe if the government wants to move forward positively with international assistance it’s a matter of a few months. This is the basic work that has been done.

 

Much of the geological technical information there and what needs to be done about it is complete. But it will need updating. One of two things; who will be the investors here? And how will the government be involved in that investment? If the government can quickly resolve these issues through policy decisions, then I assume that if our country’s culture is taken into account, if it is implemented within a year then at first you will not work on an area of 5,000 to 6,000 hectares at once. You will start working on an area of a few hundred acres. And within 3 years you will already be able to extract some amount of coal and it will definitely be more than double what is currently produced in the big ponds (sic)

 

Hossain then asks about financing, given that coal is not popular at the moment. He mentions some international development authorities who would normally be the lead candidate but would now be reluctant to invest.

 

Rahman responds by saying it’s wrong to make a blanket statement like “no one will finance this project” because there are interested parties, including China and Japan. He also says that the Bangla government would also need to be included as an investor for national policy reasons, to show the people that the government has not sold away it’s Coal resources and also to ensure that t

Agreed Digit4lis

+30p for a pre-Green Light valuation of a multio bi$$ion project of which GCM owns 100%.

A post-Green Light valuation could be in Poundland if we manage to retain a % of the project.

Given the value of the project which will be unlocked whenever the GL is announced, I can see the market cap of GCM hitting +$100m in the run up to it.

That puts the SP above 30p. All very doable before end of December this year.