Member Info for NCTrade

Tuan6 written English has improved a lot which is a positive

You have to be in it to win it

Mankiniparty

“Posting false & misleading information

Sole purpose to disrupt the bulletin board & try to manipulate the share price “

Example of pot calling kettle black 😂

The rise isn’t substantiated with anything, no reason for the rise, no news or updates from GCM.

Traders seizing the opportunity to make a few quid before moving onto the next one hence the large drop today.

It’s also running on speculation that the supposed new Government which is proposed to come in Q2 next year will approve this project which is also unfounded and baseless.

Https://www.tbsnews.net/bangladesh/energy/govt-review-independent-power-plant-contracts-signed-under-al-rule-finance?amp

Chinese investors voice alarm over renegotiation

The review follows previous concerns from foreign investors regarding contract stability.

"When we made the investment and the plant was ready for commercial operation, we were suddenly informed that tariff structures were going to be changed," Han Kun stated. "Changing terms and conditions after investment is a disaster for investors already committed to power projects."

He stressed that such decisions deter new investors and send a "message of unpredictability to international investors."

It's important to note that two committees, formed by the interim government, are already addressing power sector issues: one focused on renegotiating tariffs and another investigating contracts made under the Awami League regime.

Zak Mir is a trader and clearly can sniff an opportunity to pump and then dump to his advantage

Very encouraging update by the bod

If the Government are to review all power deals then that’s certainly a major red flag.

This is current news just released I just come across, the government seem determined to root out all corruption

I cannot see any particular reason for the rise, no news released, running on fumes and hype, traders taking an opportunity to make some money before they move onto another stock.

Election date is still yet to be confirmed according to the Bangladeshi Government which is still anticipated to take place around April next year, could be Feb although still yet to be confirmed

DYOR

Chinese investors voice alarm over renegotiation

"When we made the investment and the plant was ready for commercial operation, we were suddenly informed that tariff structures were going to be changed," Han Kun stated. "Changing terms and conditions after investment is a disaster for investors already committed to power projects."

He stressed that such decisions deter new investors and send a "message of unpredictability to international investors."

Https://www.tbsnews.net/bangladesh/energy/govt-review-independent-power-plant-contracts-signed-under-al-rule-finance?amp

Experts warn that any unilateral decision could pose legal risks and discourage potential investors

"A decision has been made to review all these deals as there are inconsistencies in the agreements signed for Independent Power Plants (IPPs) during the Awami League government's tenure," he stated.

Industry insiders acknowledge the government's right to review contracts but caution that any unilateral action could deter investors and erode confidence in Bangladesh's power sector. They warn that imposing unfair conditions during the review process could have lasting negative consequences.

Zahid Hussain, former lead economist of the World Bank's Dhaka office, echoed this sentiment, suggesting the government engage power plant owners to identify irregularities.

"There is no barrier to reviewing deals signed by the previous government," Hussain said, reiterating that "any government has the right to review contracts if there are inconsistencies or undue privileges granted."

He cautioned against imposing terms by force, stating, "Any unilateral action could undermine investor confidence in Bangladesh."

That is a mega sized holding you got there CDF1

Average time period although may just hold back for now until this funding issue is sorted

Fake accounts created cross ramping on various boards to entice buyers into this…

When you need to do that, it indicates this should be one company to avoid

Positive sentiment driving this up with lots of buying taking place

Good to see the price edging upwards…long may this continue

Maybe a long term holder who took the opportunity to dump their holding

Oh dear this is bad news for existing holders. 33% discount, could go even lower than 0.80 unfortunately

When this moves, it moves at rapid speed upwards…

Start taking your positions!

Blimey this has shot up like a rocket 🚀