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Thanks doze for your insights and all contributors. We are always learning.
Is that why the market is fairly confident as well as is reflected with the current trading zone?
Well, the market generally always knows and that is why they are happy to trade well above PP.
As many have put forward, the information to hand is without doubt that GOB have to act now and mining their own coal is THE ONLY WAY FORWARDS at this time. PC have such deep intel with ongoing projects in Bangladesh and for sure are in the know that acceptance of the proposal submission is very likely or almost a given otherwise they wouldn't have wasted their time with MOU to contract and the media and Energy minister wouldn't be wasting his ENERGY shouting from the rooftops about the importance of them mining their own coal as the part solution to their economic problems.
My opinion only.
On a more serious note, it seems to me anyway, YKIR, that you may have sold and wanting in lower.
That's my opinion. ๐
YKIR ๐
Bid 6.77p18 Apr 2024 16:04
12% dilution first thing tomorrow.
30m shares, some will be on the market.
What's everyone's predictions?
I'LL BE SURPRISED if the bid is any higher than 6p.
Did you not post this too, YKIR? Why aren't we trading sub 6p or more importantly, why does the market think we should be trading above 7p?
YKIR ๐
Bid 6.8p18 Apr 2024 14:25
12% dilution tomorrow @ 6.5p . What will Axis do with their 30m shares? Have they forward sold? Most of the 25% discount has evaporated so will it be a BLOODBATH tomorrow?
Did you not post the above, YKIR? Was your opinion not for a BLOODBATH here? ๐คฆโโ๏ธ
When we wake up on Sunday morning, the meeting would be long over.
Question is - what was discussed? What was the key issues to be discussed on the agenda?
Anyone have connections to CCTV hackers in Bangladesh?
Typo - mrcalm
Mrcalim @ 09:46 - "What's happ3ning 21st April?"
The short answer = FIREWORKS / CHINESE CRACKERS ๐๐งจ
NT to buy now.
Expect upward movement and strong close today.
Someone knows something! Strap in folks.
As mentioned yesterday, looks like the threesome have decided to remain quiet.
Oh! and a special mention to YKIR - sub 6p. ๐คฃ๐คฆโโ๏ธ
As I mentioned earlier, the very fact that we opened and were trading over the PP today was confidence by the market.
Now we are trading BUY at 7.5p which is full asking price.
What does this tell you? Market is confident.
Placing shares to be admitted on or around 19.4.24
The market doesn't seem to be worried, that's why we are steady and trading over the 6.5p PP.
This shows confidence from the wider market. This is being prepped for a deserving rerate next week. We saw how quick this moves from around mid 6's to almost 13p on PC 1B contract.
Now imagine what news on mining own coal will do to this SP next week?
All points to a inept Gov't at present. They have been deferring this for far too long now and the only outcome thus far has been it's people suffering.
The GOB need to appreciate that being a developing country constitutes being pro active and being able to show the IMF and ''important folk'' that they are more than capable of helping themselves and not always putting their hand out.
The Phulbari Coal project will not only more less sort their energy crisis out but also give employment to the people of Bangladesh.
There has to be a twist here right?
If coal is going to be Bangladeshi's main source of energy, then the Gov't in place seriously need to wise up and start thinking ahead. They cannot continue to finance the import of coal. Parties are not being paid. Main source of energy supply comes from coal.
The people are suffering daily or frequent power cuts in extremely humid conditions where temperatures can touch 40 degree celcius. I'm sure many people there suffer from extreme heat. This in itself is inhumane.
Why worry about the environment when human life is compromised every day with extreme exhaustion and heatstroke which is serious and life threatening.
Common Gov't - use some common sense and get this deal done and over the line. Stop faffing about and place the wellbeing of your population at the centre of your Agenda on Sunday at the Energy meeting. If you're reading this Hasina, please take note!
YKIR @ 16:04
"I'll be surprised if the bid is any higher than 6p.'' ๐คฆโโ๏ธ
Oh dear! ๐คฃ
Looking like Phulbari will very likely be in the agenda for discussion this Sunday at the Energy meeting.
This is primed to rerate on mention of discussion at the meeting next Monday in the Bangla news outlet, media etc and we should see a nice recalibration of the SP.
What a plank this Open fella. Loser doesn't cut it buy hey, each to their own I guess.
Once the SP rerates, it quietly disappears back into it's hole.
Again Open - must try harder.
Looks like it Mankini.
Had to pay 7.4p now just to get 90620
Not showing yet.
Unless folks offload there doesn't seem to be much available at 7.25p or less it seems.
Yeah, really hard to buy in 100K blocks.
Late this morning as had to do school run!
Took 50K and then NT so could only take 25K