Member Info for ogm4

What that last trade about ???...

Indeed...

I found some more info on Framework Contracts and Framework Agreements for those who are interested... https://www.cips.org/Documents/Resources/Knowledge%20Summary/Framework%20Arrangements.pdf

Alliance News - GCM Resources Inks EPC Pact For Bangladeshi Power Project Wed, 21st Mar 2018 17:23 http://www.lse.co.uk/AllNews.asp?code=gl50l5ii&headline=GCM_Resources_Inks_EPC_Pact_For_Bangladeshi_Power_Project

Datuk Michael Tang PJN, Executive Chairman stated "We are delighted to finalise this EPC framework agreement with CGGC, which is to build the proposed 2,000MW mine-mouth thermal power plant provided that consent is obtained from the Government of Bangladesh and upon a definitive EPC agreement being negotiated. We look forward to working together with CGGC to move the Company's Project forward. The Project can support up to 6,000MW at the mine-mouth and/or at other strategic sites within Bangladesh."

Wow! I just missed this one as I was doing some boring data mining all afternoon for my boss. Bodes well for tomorrow's opening.

�My only purpose is to develop Bangladesh� Fazlur Rahman Raju Published at 07:27 PM March 21, 2018 http://www.dhakatribune.com/bangladesh/politics/2018/03/21/purpose-develop-bangladesh/

77 power plants with 18,905 MW under implementation on March 10, 2018 businessnews24bd.com http://businessnews24bd.com/77-power-plants-with-18905-mw-under-implementation/

Maybe they had other interested investors visiting them recently ? And that's why they want to keep a 'balance' ?

Chinese consortium wins contract for Bangladesh's power project Xinhua | Updated: 2018-03-21 01:15 http://www.chinadaily.com.cn/a/201803/21/WS5ab141c6a3106e7dcc143f44.html

Nice find searcher... wow project cost port project elsewhere expected to triple plus two years more delay !... That could make GCM even more attractive in the grand scheme of things.

09:41 PM, March 19, 2018 / LAST MODIFIED: 09:54 PM, March 19, 2018 Power generation crosses 10,000MW milestone: PDB http://www.thedailystar.net/country/bangladesh-actual-power-generation-crosses-10000mw-milestone-power-development-board-pdb-1550566

https://taskandpurpose.com/chinese-military-uavs-imports/

Over a year ago Bangladesh apparently paid China 203mUSD for two submarines... talking about a good relationship between the two countries, which could generally help any deal/decision making doing business between the two governments. http://www.dhakatribune.com/bangladesh/2017/03/12/bangladeshs-first-submarines-commissioned/

This was only 4 months ago, Gezhouba financing Bosnian coal project for over 0.5 Billion pounds... China Gezhouba : Bosnia gets €613mn Chinese loan for Tuzla coal-fired power plant expansion11/28/2017 www.4-traders.com/amp/CHINA-GEZHOUBA-GROUP-COMP-6497483/news/China-Gezhouba-Bosnia-gets-613mn-Chinese-loan-for-Tuzla-coal-fired-power-plant-expansion-25577782/

Bangladesh is no longer lagging behind, says Hasina 2018-03-17 https://bdnews24.com/bangladesh/2018/03/17/bangladesh-is-no-longer-lagging-behind-says-hasina Bangladesh eligible for UN �developing country� status 2018-03-17 https://bdnews24.com/bangladesh/2018/03/17/bangladesh-eligible-for-un-developing-country-status Bangladesh on path to be recognized as a developing country March 17, 2018 http://www.dhakatribune.com/bangladesh/2018/03/17/bangladesh-path-recognized-developing-country/ Tata's urged to set up new assembling unit in Bangladesh to cater NE markets Kolkata, March 17 https://www.thehindubusinessline.com/companies/nitol-niloy-group/article23281424.ece �Greater Korean FDI inflow could be a game-changer for Bangladesh� March 17, 2018 http://www.dhakatribune.com/business/2018/03/17/greater-korean-fdi-inflow-game-changer-bangladesh/

That's AIM for you RJ, many SP movements are not really logical at all most of the times.

Things seem to be finally accelerating now... PFS study done, Framework Agreement in place with big Chinese consortium under Belt and Road flag, following each other just over half a year. Next step will be the Chinese funding which they already agreed to with local political sentiment improving every week with a lot of new projects being funded which has not gone unnoticed.

The milestones are as follows: o A preliminary feasibility study completed by CGGC (or a large Chinese enterprise acceptable to the Company) on the proposed mine mouth coal power plant of up to 2,000MW at no external cost to GCM, for which the Consultant shall receive a success fee equal to 5% of the issued capital of the Company; o GCM and CGGC (or a large Chinese enterprise acceptable to the Company) executing a Framework Agreement in relation to a joint venture investment or similar cooperation with respect to the proposed mine mouth coal power plant, for which the Consultant shall receive a success fee equal to 5% of the issued capital of the Company; o GCM and CCGC (or a large Chinese enterprise acceptable to the Company) executing a final joint venture investment or similar cooperation with respect to the proposed mine mouth coal power plant, for which the Consultant shall receive a success fee equal to 8% of the issued capital of the Company; and o GCM and CCGC (or a large Chinese enterprise acceptable to the Company) executing a Framework EPCC Agreement, or definitive agreement in relation to an EPCC with respect to the proposed mine mouth coal power plant, for which the Consultant shall receive a success fee equal to 5% of the issued capital of the Company.

Bangladesh govt approves 162MW power plant project by News Desk 15 Mar http://annx.asianews.network/content/bangladesh-govt-approves-162mw-power-plant-project-68932 Another approval by the Government...seems they're in quite a hurry to get the whole country hooked up to the power grid... http://energybangla.com/breb-to-bring-all-upazilas-under-complete-power-coverage-by-dec/