RE: Bangladesh interim government makes sweeping energy sector changes4 Sep 2024 09:43
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. 😁