Member Info for rickyroman

...just logged in and had to do a double take.......ironic we were discussing funding last night. Cool customer our Michael Tang - I just love that 6000MW.......that is serious power....or other strategic sites...sounds good to me !!!

...that is exactly my interpretation of it - 'we will help facilitate the balance'. That would make quite a difference to the smooth implementation of the scheme. Let's hope so.

I don't know the answer, but I have always found this line a little ambiguous 'Under the agreement CGGC undertakes to facilitate financing for the proposed power plant with GCM's assistance' Facilitate financing for what - the 70% balance ?? or just 30% Do we know if Michael Tang capped their involvement at 30% - possibly he felt more comfortable at this level, more in control of the project. Lots of unanswered questions. ogm4 posted a great article earlier - but read the tunnel boring sub-section - that really shows commitment by both the Chinese and Banglas

...yes, bit chilly here down in SW France but at least the sun was out...nous attendons pour Monsieur Hamid to work his magic.....gotta laugh as this has been going on so long, but we just have to stay the final furlong !!

...just logged in and far more excitement over on the AMC board (the share our very own Bees rates so highly). Even Sansavatar must be fed up with GCM as he's over there with his hood & scythe. Far eastern Russia, permafrost, no road or rail connections and a highly dodgy chap in the Kremlin - sounds lie a recipe for success....oh yes, and after an earth shattering announcement today, the SP moved half a pence - impressive ...oh yes and they have just issued another zillion shares...all sounds a bit too dodgy. Come on Nasrul Hamid, pull your finger out and show the boss what you are made off - 'deal-maker extraordinaire'...get those Chinese on board with their fat cheque books.

...the banglas basically clueless and lacking in leadership. Playing to this Bangla norm of not doing anything, maybe Hasina & her crony ministers will see they have to do nothing, merely let their Chinese partners get on with it. In 2008 the Chinese were bringing on stream 1 additional coal fired plant per week. I know that in recent yearsthere has been dramatic shift to renewables, but the depth of engineering knowledge, procurement expertise and construction 'know how' must be enormous. Hasina / Hamid....just let them get on with it !!!....just continue to praise President Xi's wise and far-sighted leadership....who knows, you might be able to bask in the reflected glory... Bees - why are you so heavily invested in AMC - there is another basket case, with less upside than us....and Putin making all the decisions

....had me chuckling into my croissants this am. 13 years and nothing has happened on the ground. I don't knpw what it is about the Bangla psyche, but they just cannot get anything done, too much talking, lack of decision making expertise and focussing on the 'hey, diddle diddle. I see Brian / Phulbari made a daft suggestion about planning to switch the coal from the railways onto barges - that idea cost Tom Albanese his job at Rio Tinto and anyone with half a brain knows that logistically, it is a non-starter. Amazing to note that Gary Lye is still there and was talking $ billion + over a decade ago.

...over on iii between Raingod & Phulbari. As for GCM, even in my wildest imagination I would not expected to have seem the SP virtually where it was a week ago prior to the RNS - I thought that framework agreement with CGGC for a Mine & 2000MW generating plant was a game-changer................obviously not !!

......I wondered whether there was a health issue there as he always used to post really informative stuff,,,,,,,, then he disappeared. I don't know if you will pick this up - but all the best anyway.

...now 30p to buy, 29p to sell....this is their new wonky investment platform, so questionable accuracy, Right direction though.

....I gotta know - click - sonofa*****.........he was a cool dude, Clint

....a few buys going through now. Trying to trade this is just a complete gamble, no-one knows which way this is going. As for 19p - I think a case of 'dream on'.

...I am a little surprised at the retrace, did think we would hold onto 36p a bit longer with a move then to 40p and hold. However, the traders have been in on Friday and dumped first thing this am. followed by a few nervous punters. Take a bigger look at the picture and you will see a general dislike by the market of anything with 'Resources' in its name, leading the way in undervalue is Vedanta.- 350,000 bpd, Hindustan Zinc, Zambia, South Africa and a 21% position in Anglo + chunky dividend. What is there to dislike, but the market hates Vedanta, they don't trust Agarwal. Same with GCM, has promised so much for so long and the market does not believe the story, hence the 'in out' mentality and huge swings in the SP. Amused to see the usual de-rampers this am....poor things, they have been sat with their heads in their hands all weekend, rocking backwards and forwards like it was a funeral wake...now a small retrace and they are happy. We are ahead of ourselves, I was not expecting to see Friday's announcement until June - we are fine and two / three months ahead of schedule. Forza GCM.....

...here in SW France - are we 38.50 to buy ??...in which case I think 40p will be achievable today

...the usual scenario would be a quick spike upwards and a mass exodus of punters heading for the door. This time around - I haven't a clue how this will play out. The usual harbingers of doom will appear, a few nervous holders will / might sell ........BUT....would you really want to risk missing out on a roller-coaster ride....and maybe A RIGHT RESULT. We have all been waiting long enough..............ha ha ha. Polo represents the enigma at the moment - GCM, Blackham and Weatherly all getting into their stride. As I said before, I have a small holding of 30,000 at about 4.5p - has to be worth a punt.

...IG now moved up to 28p to buy 24.5p to sell on an SB - as usual, widened the spread.........

...thought I would take a little SB as a top up - couldn't believe IG.....managed to get 24.5p to buy 23p to sell - haven't looked since but I think that was the last at that price - forza GCM !!

.....that is one of the most positive RNS we have ever had - fantastic news. In the background - a nod and a wink from the right ministers and their departments and a statement from the Vice president CGGC. I guess from a PR point of view as well as cost, sticking to the 2000MW plant makes sense. Financing seems to be the next major issue as even with CGGC's contribution, there is a lot of investment and long-term funding required. China - don't be surprsied if this becomes part of the 'road and belt initiative' with heavyweight funding from Bejing.

...forgetting one important issue. There is currently a feasibility study being undertaken to understand whether or not a huge open-cast coal mine and 6000MW power station could be established at Phulbari. This would be a $ billion dollar project and add a couple of percentage points to the GDP of Bangladesh. Until this is finished and the results known, NO-ONE KNOWS. Meantime - optimists remain optimistic, pessimists remain pessimistic....realists - somewhere in the middle. Rock on Phulbari !!

....they haven't a clue.... 82,000MW....they are struggling to produce 10,000MW at the moment. These are just ridiculous figures pulled out of the ether, the only sensible voice is that of Dr. Tamin. Why 10% maximum from one country, why not 5% or 25%...just made up numbers. The encouraging news is that own sourced coal is differentiated from imported coal and indicates that mining is on the agenda.