Member Info for Pappiklon

He alleged that no meaningful steps have been taken to change people’s lives and said that coal extraction in the Rangpur region could pave the way for significant development in the area.

https://www.daily-sun.com/politics/854833/tarique-rahman-seeks-yes-votes-in-referendum

Nice try …its 5193 hectares shich is 51.93 sq kms and it will only be utilised a bit at a time and backfilled. Very easy to find out all the details on the company website, surprised you haven’t looked

Pretty sure this was included in the Teesta Reclamation Project outline from the Chinese, it's now happening, bodes well - and of course the contractor is Power China...who is of course the contractor on Phulbari....

All change, should never have posted that. Considering just about every trade is showing as a buy as ask price nothing makes sense anymore, maybe Trump is taking a position !

I can buy on Barx and IG at 6.495 and I can sell at 6.50, thats the first time I have ever seen the sell price higher than the ask. It's been this way for hours now. It was the same when the buy price was 7. So if you buy 100k you can make £5 selling them straight away! Very odd goings on

Below is an extract from Bara's AGM in 2024. There was no approval given to conduct a feasibility study, which after being commissioned would take 3 years, then it has to be reviewed etc etc. Any reports that this was done already are BS. As Searcher says it is not economically feasible to OP Bara on its own, the idea has been to work through Phulbari eventually moving into the Bara part of the field, it's all one, but there are huge issues with Bara and its subsidence and the work it would take to close down and make safe the long wall mining areas. I have read other articles/reports on this and the time to even consider being able to safely do anything at Bara and it's a minimum of 6 years after/if they even get the nod to look into it. The Bara mine has been a disaster, terrible management, terrible subsidence, the locals hate them, their licence expires shortly and has not been renewed

Here's the extract :

Techno-Economic Feasibility Study for Open Pit Coal Mines in Northern and Southern Part of Barapukuria Coal Basin, Parbatipur, Dinajpur, Bangladesh.

Time scale for Feasibility study = 3 years

A meeting was held in the Department of Energy and Mineral Resources under the chairmanship of Hon'ble Secretary on 20th June 2023 to take a decision on the proposed Feasibility Study for open cast coal mining from North and South of Barapukuria Coal Basin. In the said meeting approval was not given for conducting study activities'

Though they are showing as sells the trades just under 8p are all buys, the 7.85 was mine

The 74,006 and 50,000 trades at 6.74 were both buys

More on that interview, it's gradually being fed out.

“Energy remains a critical issue for the economy as both power and energy sectors rely heavily on a secure supply. Without an assured fuel supply, local production will be affected,” he told reporters after separate meetings of the Advisers Council Committee on Public Purchase and the Advisers Council Committee on Economic Affairs at the Secretariat.

“There are two dimensions—power and energy. A comprehensive approach has been taken. This includes offshore drilling initiatives and the utilization of coal including domestic coal resources.

https://www.dhakatribune.com/bangladesh/400909/adviser-long-term-energy-strategy-prepared-to

Dr Salehuddin explained that the plan looks at the issue from multiple angles, including strengthening domestic sources.

“There are two dimensions—power and energy. A comprehensive approach has been taken. This includes our own offshore drilling initiatives and how we use coal, including domestic coal resources. These issues have been consolidated into a single framework,” he said

https://www.bssnews.net/news-flash/350730

....and in the past few weeks we had Yunus press secretary saying they should mine Phulbari. Seems plain as day to me what's going to happen shortly, it's just 17 years of disappointment under the previous regime can make me doubt what's staring me in the face. IMHO in the coming months lots of folk will look back and say just that ....it was staring us in the face.

In the clip Mahdi Amin, adviser to Bangladesh Nationalist Party (BNP) Chairman Tarique Rahman, in early January 2026 outlined elements of the party’s energy policy vision that focus on diversification of energy sources and reducing dependency on imported energy. He clearly stated they will follow a sustainable energy approach which includes fossil fuels, including coal. He emphasised their aim to reduce dependency on imported fuels! Seems BNP's Energy and Power Policy is looking good for domestic coal development!

Been trying to buy on IG since 11.05, wont let me place an order, anyone else having trouble?

This sharp spike is largely attributed to a massive backlog of arrears in the power sector .

Fiscal space shrinks as subsidy burden rises

Bangladesh's fiscal landscape is facing a significant strain as the government's expenditures on subsidies and incentives surged over the last several fiscal years.

This sharp spike is largely attributed to a massive backlog of arrears in the power sector and the rising costs of agricultural inputs, primarily due to the depreciation of the taka against the US Dollar, Ministry of Finance (MoF) officials say.

The government spent Tk 1,086.72 billion on subsidies in the fiscal year 2024-25, 49.19 per cent higher than that in FY24, official statistics show.

In FY24, the government spent Tk 728.41 billion from the national budget on subsidies for different sectors.

According to the latest budgetary data for FY25 and revised projections, the total allocation for subsidies and incentives has crossed a critical threshold, now accounting for nearly 20 per cent of the government's operating budget.

Over the last four years, subsidies for agriculture, power, energy, and some other sectors ballooned nearly two and a half times, resulting in massive fiscal pressure.

https://today.thefinancialexpress.com.bd/last-page/fiscal-space-shrinks-as-subsidy-burden-rises-1766168334

I see mobs burnt down yhe Daily Star office ladt night. Interesting that the backlash to the "student leader" being killed involved attacking the Daily Star and Prothom Alo newspapers. These two have always been leaning towards India and certainly not that supportive of Phulbari Coal Project... and guess what, Daily Star just gave the manager of propaganda, Anu, a dominant opinion column space for an article against Phulbari coal mine.... no coincidence there!

Not this year, on a long haul flight. Be great if someone else reported back not just their take but what was actually said.

Concur Searcher. I have debated with myself about what is the right thing to do here re the poster Phulbari and the mythical image he has been presenting . He has zero contact these days with company, they want nothing to do with him, he hasn't been in Bangladesh for years, and as you say Searcher a whole lot has changed in that time, he comes to the AGM from time to time clutching his 'options' letter which could be anything, he owns no shares , thats a fact as I go the AGMs and he states it himself, he gets in because of the options paper, but when he was rapidly flown out of Bangladesh and his employment terminated by Steve Bywater the share price was way over where it is today, so his options wouldn't be at pennies. The only reason he ever goes to AGM's and to come on here is to spread negativity, why would he do that? I try and have compassion and tell myself he is not well, that he is the one suffering from holding bitterness and resentment all these years. I know why his tenure with the company ended, I had it from the horses mouth, along with a whole lot more which AI is more than happy to divulge. It's sad because I can see people have sold today and 'coincidentally' it happened after his truly negative post. Yes his it's not going to happen posts have been correct to date but so what, it's a binary investment and next year he will be 100% wrong. If you post negativity on a share bulletin board and have no shares in the company, and your options are at a higher price to the current price, to me there is an element of self harm in there. I just don't like dishonesty like this, some folk will have lost money today, we will recover in the coming days and more. Why should I let someone try to destroy my/our investment just because of their bitterness and resentment, just not going to keep quiet anymore

Oops ..should read 'never been as close to happening' not 'ever been close to happening'

The election date is being announced in 59 minutes. Once it's announced the possibility of it not going ahead short of a war, natural disaster, Meteor hit or anything else that will utterly destroy the planet and the human race ...in which case it won't matter...are extremely remote. Geez Mr P you have an amazing ability to look for the negative. This project has never been close to happening and you know it.

Duuh...what name you referring to Doze? it's already in the thread