Member Info for rickyroman

…..they are, but in what capacity, who knows. I can't see them being responsible for the disappearing 'black stuff'
It just makes me laugh - someone pinched all the coal;
Its like that Sherlock Holmes joke - I deduce someone has stolen the tent...………….I deduce someone has stolen the coal..

Hasina / Hamid should seize the initiative and say 'right you lot, you've nicked all the coal, forced the generator to be shut down - the Chinese are coming and we are going to do this properly.'

Step forward GCM / CGGC and lets get this project underway.

Of course they won't - they'll just appoint another committee to investigate the committee which is investigating the disappearance of all the coal...….normal Bangladesh service resumed...…..

...used to be called 'stock shrinkage' - what the staff pinched. The Bangla management team at Bara have taken it to a new level, they cleared the place out, nicking ALL the coal. Now a committee has been formed to investigate.
Stuff like this just shows what a shambles Bangla is and why there is little belief at a successful outcome for GCM.

However, the girls at the RMG factories seem to work incredibly hard and the management there must be fairly competent as they are competing in a global trading environment.

A tip for the Banglas at Bara - don't nick all the production, just make the one in twenty trucks leaving the depot a bit 'moody' - then no-one will notice

...ha ha ha...is that like an auction where you get a ticket and you can bid for the company.
Robin Young will be on his yacht moored off Portoferraio, rest of the board flying in next week.
Crisis...what crisis.????.
Now back to GCM - Mr Tang, more news please....good or bad we need a factual update.

...baffling - why say that if you are not going to dig up your own, high quality, coal.
I keep drawing the same conclusion, this is such a political issue that all announcements have to come out of Dhaka first. The last RNS had no news deliberately.

...the Banglas will shrug their shoulders and just say 'collateral damage'
….. reading this stuff from a European perspective, it just seems unbelievable that such incompetence could exist - a major construction project run by 'persons' completely out of their depth.

….and Hasina is worried about Phulbari and the fall out from mining there...!!

...this is still a great share and I blame the City for screwing us PI's on this. 180,000 barrels a day, Hindustan Zinc, Zambian copper - WHAT - they didn't trust Agarwall, didn't understand his business and ultimately 'we' paid the price. Once private, this will fly - Tutocorin will get the necessary approvals, they will bed down the Electrosteel and Essar acquisitions and be a prime-mover in the double-digit growth in India.

825p is a steal and I will miss those great divis - a sad saga which could have ended so much better.

….stick with it, there are too many variables which could impact. In our favour we have the 'Belt & Road' initiative, a desperate need for power in Bangla and a soaring thermal coal price + that s**t-hole they call a mine at Bara.

We just need a bit more luck to fall our way.

..Gooner this could go both ways and we have to be realistic and accept that Hasina ( maybe as a vote winner sound bite) could utter the immortal words again ' left in the ground for future generations'

Sadly, all this government does is offer sound bites, operating capacity is still years and maybe decades away. Rampal sounds like a fortess in the jungle and inevitably there will be an environmental catastrophe for the Sunderbans - a coal ship will sink or two will collide and both go down.

Hasina loves her 'pie in the sky' nuclear dreams....a sort of epitaph to her late husband. Anybody with half a brain would say 'jeez, thermal coal is $120 / tonne and only heading north - activate the Phulbari project'

Bangla - ' let's sit on our hands......something will turn up.....'

Imin agreed - but we really don't have any alternative but to sit and wait. I'm not bothered about Dyani or MT's connection there, its really about how far have we progressed (or not) in the last year and a half.
'solicit other parties' 'expressed interest'.......I've always said I would be happy to go for £1.00 / share...but the tantalising 6000 MW power station fed by Phulbari coal, makes me think it could be way north of this....at some point.
Other news - Anil Agarwal has finally given up with the City and is taking Vedanta private. After paying out the divi that will free up about £20K cash for me (only just break even after two years) - more money into GCM....the jury is out ....but a more positive RNS...who knows.???

...stu - follow the chinaman, he reckons there is something fishy going on and he's sold up...….man the lifeboats everyone !!!!!

...'A nods as good as a wink to a blind horse' (good album) - I've heard it through the grapevine (classic) that GCM is going bust tomorrow at 3.00pm - quick, sell up and get out - tell everyone that you heard it here first, you'll be hailed as a hero......bonne chance

…….Imin - agreed, I see this as a bit of an endorsement that something is going to happen. Where we can all be a bit cute is that Hasina / Hamid will announce the deal first - not GCM. If we could pick up on this before the MMs, be great to have one over on them. Searcher - this is down to you !

...relatively imminent then...

…..I really don't care if he is Dyani, Kublai Khan or Chaka Khan....if he can just get this project over the line. I think we are all suffering from GCM fatigue and to nail this down and get the company sold on to the Chinese or a consortium, would be fantastic - note I haven't mentioned a price. Let's hope this doesn't go on until the elections in 2019.

….dealing with Bara must be part of the whole negotiation strategy. There is no way you can run that along side a $3 billion project - why would you ? Instead, re-train the workers for open-cast mining and construction work. But this is Bangladesh and nothing is ever as it seems...….

...great article Imin - yes, we love it. However much they dither and procrastinate, for Hasina and her government, decision time looms.....

...I think you are probably right in saying there is (ultimately) an inevitability about a SOD for Phulbari, its just the tortuous route the Banglas take to get there. If we are lucky enough for the Chinese to be given a free hand, we will see some action. I was stunned at the phpto of Barapukuria, imagining a coal mine not dissimilar to something we would have had in the UK c. 1950's - pile of coal, winding wheel and **** heaps.... Bara looks like 'hell on earth '- filthy, chaotic and an environmental disaster. Could this be our ace and the pit is closed for a new open-cast, modern mine. I am expecting some news by Friday - an update is overdue.

..picture of the coal mine - what a dump. This article is two years old....I would not take too much notice of it in terms of impact on us, but it looks like an environmental disaster which needs sorting - pronto.

...Matabari will require 32 million tonnes of coal annually - that's approx. 100,000 tonnes per day. America's largest coal fired plant burns 1 million per month, so think 32 million is an error.