Member Info for NCTrade

The joint development agreement for a solar project that was rns’d on the 9th Jan 2023 with no further news or updates since then…

The JDA has a term of 12-months and does not at this stage commit any of the parties to expend any specified sums. It is the intention that it will be superseded, in due course, by a more detailed working arrangement between the parties, but may be terminated earlier under certain prescribed conditions.

Wiseowlspeak

Here’s the article sir

https://www.tbsnews.net/bangladesh/energy/nasrul-seeks-jica-support-investment-master-plan-based-electricity-demand-849431?amp

Wiseowlspeak

Power, Energy and Mineral Resources Minister Nasrul Hamid has said that Jica's cooperation is needed to make a comprehensive investment plan for electricity based on demand.

No help or assistance sought from China and Jica has no relation with power China

Wos

those who are up to date with LATEST developments will make own decisions base on this!

What latest news do you have that gcm aren’t even aware of?

The same phulbari project that has been ongoing for well over 20 years waiting for the ‘green light’ to be given at any moment…

Placing issued each year with share dilution and money in the millions needed for ‘operating expenses’ directors lining their pockets with fat salaries. If they really believed they would be given approval, why did they not get involved in the fund raises that keep happening each year?

The government of Bangladesh are keen to introduce clean renewable energy and been very vocal about this.

Loading up for news day :-))

RNS just released

A positive RNS will ensure the confidence and sentiment changes here…

Adamk87

Not sure what the posting history has to do with how gcm is being run.

Better to spend your time and scrutinise the gcm financials and then you’ll realise they had been raising millions each year for ‘working capital’ towards trying to achieve approval from the government for the phulbari project without any success.

Once this money runs out they will request another raise for more ‘working capital’ :-))

If you’re a long term holder you would know this is how Hemo operate…silence for months and then suddenly they release ground breaking news!

Vlad usually cannot contain his excitement, and ends up writing something in coded terms on his Twitter page before official news release, afterwards deletes the entire message or takes his Twitter page down lol

Decent entry price, it’s also lower than the placing price and the placing date was brought forward by a week indicates that they may have some news to release which could be very soon

Gpback - its a first time I’ve been blocked by a GP…hahaha

This bit of instrumental news should be rns’d by gcm

20 years is an awful long time for such a wonderful project not to have been given the go ahead!

In that time how much money had been raised as ‘working capital’ what has this money been used for?

Dilution after dilution, more shares in issue with no end product…

Henrytheeight

Sadly that’s true, Bangladesh works at snails pace.

Https://unb.com.bd/category/Bangladesh/bangladesh-needs-jicas-help-for-investment-master-plan-based-on-electricity-demand-nasrul/135445

Phulbari project rests on governmental approval, however the noise coming out from Sheikh Hasina and energy minster in recent days seem to be geared towards cleaner energy for Bangladesh

Https://www.tbsnews.net/bangladesh/energy/nasrul-seeks-jica-support-investment-master-plan-based-electricity-demand-849431

https://www.tbsnews.net/bangladesh/energy/green-energy-transition-needs-coordinated-efforts-major-investment-nasrul-hamid

“The developed world, including Europe, is moving towards renewable energy. We also need to increase the use of renewable energy," he said while addressing "2024 Policy Dialogue on Sweden-Bangladesh Partnership in Renewable Energy within the RMG Sector" at a Dhaka hotel.

The state minister said, in sync with the changing world, Bangladesh is also working to expand and increase the use of renewable energy.

"Efforts to provide clean electricity to businesses are continuing through net metering systems, rooftop solar, import of hydropower, and increased use of energy efficient appliances," he added.

Youknowitsright

News released today indicates they are geared towards clean renewable energy and this came from the Sheikh Hasina herself

Yes that article is an old one, shared as an example that the country scrapped these coal fired projects previously. If it was so good why were they not given the green light back then.

This is news from today:

https://youtu.be/1rjIV_yhbE4?si=keZtUdKXeNtTIqz8

Gpback are you trying to ignore what the Bangladesh prime minster just said on the news lol

She just clearly stated they want to explore utilising clean renewable energy!

Ignore the news all you like but hopefully everyone here does their own research

Prime minster of Bangladesh stated they are moving towards clean renewable energy sources such as hydrogen to reduce impact on climate.

Sheikh Hasina previously gave the green light to scrap 10 coal fired power plants:

https://www.dhakatribune.com/amp/bangladesh/250731/pm-hasina-approves-scrapping-of-10-coal-fired