The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
"Petrobangla Chairman Zanendra Nath Sorkar told The Daily Messenger, “We cannot supply gas and LNG as per the demand as gas production is depleting fast. So, the government has to deploy the coal-based plants.”
"Too much footage of open pit mining for it not to be about Phulbari. "
Having looked at the video in full you just have to agree with this. Well done Searcher for this research.
"Private research organisation Centre for Policy Dialogue (CPD) said 41 per cent of production capacity was sitting idle last year. This year too, there will be no option but to keep almost half of the power generation capacity idle.
According to PDB data, the supply of coal, liquefied natural gas (LNG), and fuel oil (diesel, furnace oil) for power generation remains uncertain."
" At the time the local people were against it. Now with proper compensation being offered the people want it. I think the negative mindset about Phulbari is not there anymore."
"We are more confident than we have been in recent years that we are getting closer to a political breakthrough for the Phulbari Coal and Power Project. When this happens, we are ready to deliver the benefits and investment returns that our patient shareholders deserve. " So it is "WHEN" not "IF" or am I being pedantic?
Mine readily available to go is very important here.
Could Delek be involved here? They were involved with Ithaca deal I think. Just asking.
Or is it a question of government official's bank balances? Just asking.
Hasina has been in power for 14 years. Change of government or change of leader (who is already 75 years old) either could be possible if things continue like they are.
If things continue to deteriorate there could be changes earlier than the next election.
There is to be a meeting of National Council of Hasina's Awami League on 24th December. Wonder is anything may come out of this. Last meeting I think was Dec 2019 so a lot of water under the bridge since then.
Good research Searcher. Thanks.
6.92p now
They will pay 6.73p for all of mine.
$1.46 billion surely, not $1.46m.
WUM.
Ask dropped to 5.76p now. Just saying.
Over 2m traded yesterday. News due?
Can pick up some at 8p right now.
"Over the next six months, the Company will seek to strengthen GCM's financial position and provide future funding. Until such time, there remains a material uncertainty which may cast doubt as to the Group's ability to continue as a going concern. The directors remain confident that sufficient funding will be obtained as and when required. As such, the financial statements have been prepared on a going concern basis."
And they can now raise under 10p. if they want/need.