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I’m guessing she’ll be flying to Bangladesh soon 🙄
https://lufkindailynews.com/ap_video/greta-thunberg-joins-hundreds-in-sweden-demanding-action-on-climate-crisis/video_205dc827-7e53-5be5-b650-66dacc75aba7.html
“Why it continues to dilly-dally on the exploration of proven coal reserves?”
https://today.thefinancialexpress.com.bd/editorial/reviving-the-prospect-of-energy-sources-1713540998?amp=true
Well it looks like 7p won't be giving way anytime soon....
We have just been in auction, when all the background orders show up, and it looks like there is a 100k and a 226k order sat there waiting to be filled ;)
Nice to see ;)
YouKnowItsRight, hahaha, have you not been watching the volume recently or since the FR was announced was made, imvho they have already been forward selling these shares, and as Pappi said earlier this morning, they are probably not selling them all, so I think we are well on our way to them already being in the market, so come Monday with or without news, there will be no change in the SP because of the dilution, the SP will be news led .. imo ...
Interesting recent statement from State Minister for Power, Energy & Mineral Resources Nasrul Hamid ....
From 11 Mar 2024
"State Minister for Power, Energy & Mineral Resources Nasrul Hamid has recently said that it is not possible to leave so much coal underground and import it. “Sooner or later, we will have to extract coal locally. For this, local people will be paid adequate compensation.”
https://businesspostbd.com/power-energy/govt-reviving-plans-despite-strong-opposition
Mrcalm, as this is the first energy meeting of the new formed government you would like to think that using their own coal would be high on agenda, especially as the energy minister has made many references in the press recently that now is the time to use their own coal, and has specifically mentioned open pit mining at Phulbari .....
Could the 21st April be an important date, I wonder if on their agenda they will have -
Item one - Discuss using own coal resources?? - Either way the question has to be asked soon
1st Meeting of Standing Committee on Ministry of Power, Energy and Mineral Resources
Date: 21-April-2024
Time: 11:00 AM
Location: Bangladesh Parliament
Venue: Cabinet Room
https://www.parliament.gov.bd/meeting-details/78/1st-meeting
InvestingGenius, from the RNS on the 11th March,
"The Company advises that working under the coal mine development MOU with Power Construction Corporation of China, Ltd. ("PowerChina") (refer to RNS of 28 November 2023), it has signed a contract with PowerChina International Group Limited covering mine development works of approximately US$1 billion necessary to facilitate coal extraction at the Phulbari Coal and Power Project ("the Project"). "
Excellent post Pappi.... you have to now believe that with all the recent press reports since coming back from their holidays, it seems that they really are running out of options and that mining their own coal now is becoming more and more the only option left....
That's obviously why the energy minister Nasrul Hamid has been shouting so loudly about it and discussing openly Phulbari and open pit mining....