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I wonder if this visit by PM Hasina may have some importance or relevance to the Phulbari open pit mining project 🤔

"The forthcoming Hasina-Xi meeting will serve as a crucial platform for announcing transformative initiatives and embarking on new significant projects," says a highly placed official of the finance ministry”

https://thefinancialexpress.com.bd/economy/new-projects-chinese-rmb-transaction-top-agenda

Delayed trade from today

26-Apr-24 16:38:47 6.98 200,000 Unknown* 13.96k

That’s some interesting buying this morning, if I’m honest I was expecting a flat day today, but that’s some decent buy orders going though so far…

Nice to see

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 ;)

Interesting to see that both the 1 mil and the 150k delayed trades both paid over the ask .....

And another 150k from today at 7.10

25-Apr-24 16:19:12 7.10 150,000 Unknown* 10.65k

From yesterday….

7.32 1,050,000 Unknown* 76.86k

That’s another big chunk of the placing stock taken

Sorry TerryDactil did not see your post and that you had already answered the question ;)

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 ;)

Should not be long now before we start to get some feedback through the press of last Sundays 1st meeting of the energy department of new government!

“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

Excellent day with some good volume… and would of taken another big chunk from the placing stock…

Not long before we will hopefully be let loose completely 😅

Guyswonga74, not honestly sure tbh, but they have been forward sold into the market imo since around 16th April, and so hopefully there can't be that much left now ....

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 ;)

Up she goes!!! 7.25 - 7.50

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 :)