Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
And then we have this.
I am delighted with the support from the London Market, which comes at a time when WE ARE INCREASINGLY MORE CONFIDENT that the Government of Bangladesh is receptive to the advantages of domestic energy production; our focus and main effort now is to secure the consent to develop the Phulbari Coal and Power Project, which we are well placed to develop alongside our global energy infrastructure partners, Power China."
The Mine Construction Contract was entered into on 9 March 2024, however, issuance of a Notice to Proceed with the works is dependent on the Company receiving the necessary approvals from the Bangladesh Government and achieving financial closure. As noted in the beforementioned RNS of 28 November 2023, our development partner, PowerChina is committed to assist with project financing.
The Company has received Expressions of Interest to purchase Phulbari's coal from both of Bangladesh's current Independent Power Producers, being SS Power Limited that operates the 1,320MW Banshkhali power plant and Barisal Electric Power Company that operates a 350MW unit at Barisal (with plans to add an additional unit). These represent some 27% of the present market.
The above was from the recent RNS on signing the contract with PC.
I get why you're relaxed Open - I am very relaxed too especially when we are now 4.5 hours into trading and the sp hasn't once dipped into the 6's let alone go anywhere near the placing price.
:-)
YKIR @ 12:05
That was on my line of thought too as to why suddenly the fundraise was brought forward when there is funding to carry us to the end of May.
As has been mentioned here, better to get this out of the way to focus on getting submission and acceptance to move on towards development.
Even if at this meeting there is mention that the GOB has received the said proposal and is being carefully reviewed, I think the sp will open in the mid to high teens and more north swiftly with NT to buy.
40p with NT to buy all the way from the opening bell.
Somehow Ilka - you don't come across as a beginner and I think you know what you're trying to do!
LOL!!
Buy on the bell.
And out of the woodwork here they come.
Oppenheimer - must try harder
Ilka - clearly clueless futile attempt at deramping - must also try harder.
Jamie Boy - seems awfully quiet this morning
Unprofessional - even succumbed to acknowledging that it was a good placing and closing his short
Common guys - must really try much harder.
This level of buying with decent placing out of the way is only going to result in daily SP increases. As Friday proved to us how quickly this sp moves where it almost touched 11p from the 7's, now we have done the placing - tight squeeze coming.
Placing at 6.5p
Open at 7p and never did it go into the 6's.
Now NT for 100K at 8p
Very hangry!!
Of which most of the reported sells are actually buys.
Too much buying pressure with not much stock available soon is only going to result in a tight s.......
Still NT to buy 100K
NT to buy even at 8p
MM's short of shares. Will need to move this to the next level me thinks.
Now.
.
Can only buy 50k
No 75K or 100K available
Looks like it will be ticking up soon.
Too much buying pressure.
Both - angry that he is buying higher each time and hungry for buys. LOL!!
.