Member Info for Simonhesays

Manifestos will be interesting!

I think at best GCM will end up with a small retained stake. Power China will probably lead. Some others might buy in. Government of Bangladesh don't have a great record running major projects so better at arms length being able to get coal at preferable rates and charging extraction taxes

Polo have loaned money to GCM that can be converted into a considerable number of shares so I don't think anything untoward will happen personally... Likeliest scenario is a buy out

Don’t think so… different amounts different price and the bid jumped up

Somebody’s hungry

👀 another one

Someone not messing around…. Owl back in maybe 🤪

😂

Maybe at 20p

Worrier1

The share price leaps on any positive news that brings the green light closer and some people choose to trade these leaps and fallbacks and good luck to them, but one day sooner rather than later it is likely news will come out that will have a really dramatic impact on the share price and I wouldn’t want to miss out on that.

Each to their own, but remember Aesop’s the tortoise and the hare… slow and steady wins the race 🥇

Coal Reserves in Phulbari Mine

Estimated Total Coal - 572 million metric tons

Type of Coal - High-quality bituminous coal suitable for power generation and industrial use

Estimated Monetary Value

Based on Global Coal Prices (2024)

Thermal Coal - $105–$110 per metric ton (varies by market).

Coking Coal - $200–$300 per metric ton (used in steel production).

Assuming Phulbari’s coal is mostly thermal

Low Estimate (at $100/ton) $57.2 billion

Mid Estimate (at $130/ton) $74.4 billion

High Estimate (if partly coking coal) $100+ billion

Worth a punt? Probably 😝

They probably think you’re the king of the swingers 🙊

Nice one Tiggy! I especially like the bit where he says...

"But it cannot be 100% import oriented, We have to be more self sufficient as much as we can with the resources that we have for exploration and extraction"

And

"It should also be private industry led based on meritocracy not politicalisation"

The Phulbari project ticks some boxes there

I think you're right Searcher. Putting them as sells was smoke and mirrors

The snippets of the energy plan that have been realised are a bit of a damp squib with the exception of

“optimal use of domestic resources”

Which is encouraging. Hopefully more detail will emerge in the coming days.

Oh that's sad 😔 At least her son made it there.

Keep buying... Would be nice to close the year on a high 🥳

There’s a bit of smoke and mirrors going on at the moment - it won’t take much for it to leap upwards.

I wish I had some more funds available. If you don’t mind a bit of risk it’s a currently a good buying opportunity.

By the end of Feb all will be clear… boom 🚀 or bust 💥

Don’t be fooled…. They are not all sells

Good article. That should make the parties show their hands in the coming weeks, provoke a full discussion of the pros and cons and things will finally be brought to a head.

Let's hope common sense prevails 🤞

Https://www.youtube.com/live/PIib3Fn1TX8?si=ssjvoEVCu1AkEzxr

Quite a bit of discussion on coal extraction in this new Energy and Power video flagged up by Digit (thank you Digit) on ADVFN