We would love to hear your thoughts about our site and services, please take our survey here.
Stevehuges, The 1 million trade was from yesterday, and the 150k was from today, both show as trades above the ask, but either way, someone has sold and someone has bought, the confidence for me is that someone was happy to buy ;)
IIka, yes that's all sorted.. you can see from the recent RNS's
https://www.lse.co.uk/rns/GCM/appointment-of-independent-non-executive-directors-tdvo0yvnne57tnp.html
Stalemate ........... No real buyers - No real sellers....
I guess we need the report from last Sundays meeting or other news to hit the press sooner rather than later if we are going to move one way or the other ......
The overhang I don't believe is very large now, and should not take much more volume to clear it, but its definitely is going to need higher volume than today hahahaha
Stevehuges, I did not think that we would not get any feedback from the meeting until the end of the week mate, that's just how things work in Bangladesh, but hopefully news will start to filter out soon now ;)
“The country's overcapacity for power generation has been negated by depletion of domestic gas, costly and uncertain import of oil, coal and liquefied gas on account of dollar crisis. More daunting will be the challenge if war in the Middle East escalates. ”
https://thefinancialexpress.com.bd/editorial/adverse-consequences-of-load-shedding
I wonder if with that tick up we have seen the last of the placing stock placed into the market... I guess a few buys at full ask and we will soon find out ;)
Yes Redeyes, as you and May1 have said, there is a lot of old info in the broadcast, but we did also new stuff from Nasrul Hamid, and I may be totally wrong, BUT i just can't see the Energy Minister having a live BBC Bangla interview saying that he was going to present the idea of "Open Pit Mining at Phulbari" and that in his opinion Phulbari should now be mined, and also mined with in the next 2 / 3 years if PM Hasina had not agreed to it....
We should be on our way soon, i'm sure.
We just need to clear the rest of this placing stock off first.... after seeing the amount of volume and the after hour trades that we have been seeing, we must be getting close now.
Look on the bright side, imo, once the placing stock has been sold into the market, we will i believe move on quite quickly, surely the naysayers are running out of arguments now lol, AND IF we even get a hint of positive news from the lady herself, we will be the lucky ones buying at these prices..... :)
ManuDave, morning mate, it does make nice reading, especially as its coming from Hasrul Hamid, (the Energy Minister) ... and although we have heard some of these comments in the press recently, it is nice to hear it officially on a BBC Bangla broadcast though :)
Considering Bangladesh's energy security, the government has been criticized for delaying the decision to extract domestic coal. Now, at a time when global opposition to coal is intensifying, the Energy Division has become active in pursuing coal extraction.
It was a long interview to translate and in fairness, the poster May1 who questioned it was correct, much of what was said is a repeat of the previous March interview, or information already known. I have condensed it to enable me to post here with what I feel are the important statements. I did not bother to include parts from Anu Muhammed Former Member Secretary, Oil Gas Protection Committee, we know his views, so did not feel it necessary or the parts that were in the previous broadcast. In the link, feasibility studies were discussed about all mines.
We know Phulbari studies have already been completed!
Bangladesh is facing significant pressure to secure fuel for power generation amidst the high cost of energy in the global market and the experience of a dollar crisis. Consequently, the government is showing strong initiative in harnessing domestic resources. As part of this effort, the Energy Division is moving forward with specific proposals concerning three coal mines from the discovered coal reserves in Bangladesh.
We are working at the Barapukuria mine, there, we will have to mine anew. If we cannot do that, our production of 500 megawatts will cease. We must start coal production within the next two years. For that, two proposals are; some parts will have to be mined through open-pit method, some parts will have to be mined through underground method.” says
Nasrul Hamid, State Minister for Energy Ministry.
If these proposals are approved at the highest level, coal extraction will commence within the next three years.
To date, a total of five coal mines have been discovered in Bangladesh. According to Petrobangla, these coal mines, located in the northern region of the country, Barapukuria, Phulbari, Khalashpir, Dighipara, and Jamalgonj.
Generally, two methods are widely used for coal extraction. One is open-pit mining, which allows for the maximum extraction of coal from the mines. Proposals exist for coal extraction using the open-pit method Dinajpur’s Phulbari and some parts of Barapukuria. The second is the underground method, where coal is extracted from deep within the mines through tunnels. Beyond these two methods there is, coal-bed methane and underground coal gasification. There is a proposal to assess the feasibility of coal gasification in Jamalgonj’s coal mine.
Considering the country’s arable land, the risk of environmental damage, and local opposition, a decision on domestic coal extraction has not been made for so long. Currently, the Energy Division is giving importance to the subject of coal extraction, taking into account the increase of coal-based electricity, imports, and the reality of the dollar crisis.
Nasrul Hamid, State Minster, Energy Ministry
Considering Bangladesh's energy security, the government has been criticized for delaying the decision to extract domestic coal. Now, at a time when global opposition to coal is intensifying, the Energy Division has become active in pursuing