Andrada Mining’s earn-in agreement with SQM is value-accretive partnership. Watch the interview here.
Most positive you’ve ever been Phulbari.
Not messing about cleaning house. Never known them to be so proactive. Have a nice clean slate ready for the new GoB. 👍
Fair enough. The bones accuracy hasn’t been too great over the past 16 years to be fair 😂
Checked the bones this morning & can confirm it’s going to fly again soon, she’s like a coiled spring 😂
Hopefully all the flappers have sold out now so we can resume the climb again. Ready for lift off once the election date is announced 😁👍
in march 2024, a planned mine associated with the phulbari power station – a fiercely contested project that has been proposed in various forms for decades and has resulted in the death of at least three protestors – secured a $1bn funding agreement with powerchina.
though the power station was not included in this initial financing agreement, china has not explicitly ruled out funding the plant, despite its 2021 pledge to stop building new coal plants abroad. the project sponsors say that they expect the coal plant proposal to “become attractive” due to their proximity.
several countries, including bangladesh, ****stan, the philippines and turkey are continuing with plans to develop a backlog of proposed coal plants in the face of counteraction to the fuel, such as local opposition, policy changes, finance moratoriums and other challenges.
over the first six months of 2024, nearly twice as much coal capacity was proposed as was shelved or cancelled, as coal-fired capacity continues to grow globally.
this rebound in proposals is largely due to a resurgence beginning in china in 2022, followed by india in 2024. in fact, as shown in the figure below, almost all (97%) of the new and newly revived proposals in the first half of 2024 are located in china and india.
additionally, of the 1.8gw of newly proposed capacity in the rest of the world, more than 40% is sponsored by chinese companies.
https://www.carbonbrief.org/guest-post-just-15-countries-account-for-98-of-new-coal-power-development/
“Projects having potential for generating employment would also get priority, he said."
Phulbari will create 17,000 jobs (direct & indirect)
This little piggy went to market
This little piggy caught a train
He’s had it away on his toes
One thing you have to admire the bungles for. Their ability to form commitees is second to non on the world stage.
I look forward to the day one of them actually achieves anything 😂
Yunus’s original statement last month was to hopefully hold an election in 3 months time.
400k buy above the offer price
Yep, be filling my boots again in the 1’s too GP if it goes that low. Like I said earlier, volume tells you it’s only bored & flapping PI’s selling
Not really on the contrary is it. The interim govt won’t give Phulbari the go ahead, certainly not within a timescale before the elections.
Which, if as they have stated, will take place in the next 2-3 months. Which isn’t really a long wait is it?
MM’s have certainly taken advantage of the unpredicted GoB turmoil though. Taken it down to this level on miniscule volume. Shows the players are not bailing, just the weak holders.
We are also fully funded till August 2025 so no worries on that point. Share Price will be looking a lot different in a few months, lashings of humble pie for the negative Norma’s. 😁
“Shame on those who ramped this share”
Nobody could predict GoB collapsing.
Pull up your big boy pants & stop crying. Maybe invest off the back of your own research instead of off BB opinions in future.
The share price will recover once an election date is set.
Lots of buying into the close GP 😁👍
Spot on Papp. Although that probably fall on a lot of deaf ears. I’ve had to filter the relentless garbage article poster (not searcher 😂)
As an election date looms, once this date is announced, we will see the SP rise from the ashes in anticipation of the new government (BNP) & their pro Phulbari stance.
Will we see a quick rise into triple figures like last time the caretaker government ended?
Agree, once BNP are in we’re away. Doesn’t matter what Yunus thinks, he won’t be a decision maker after the election . Just got to wait till elections, hopefully before end of this year
The project will benefit the Bangladesh economy from day one of approval through job creation. It’s anticipated that there will be 17,000 jobs created(direct/indirect) on the mining part alone.
Then we will have sales from overburden once mining commences.
Who’s filling their boots at 3p then? 😂