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Vagabondo
Good point, I also hold paper share certificates, and have also changed address since 2017. Without a link to the agent, how the hell can they make a payment. Its like death by thousand cuts. What a joke.
W2NY
I sent ii an email yesterday requesting a letter to attend the AGM, I havent been charged in previous years for this service.
Really sorry to hear the sad news regarding Marv, I was in regular contact with him. It came as a great shock.
Does anyone know if Solgenics is still in business. I have sent numerous emails to Elizabeth Johnson (Investor Relations) requesting an update on operations, but my requests have been ignored. I can only assume she has left the company. Has anyone else heard from the company. Very frustrating.
One for you Searcher!!
https://bdnews24.com/environment/x5roie30x1
"With energy security becoming a code word for coal in recent years, there is a clear-cut path to receive approval on building more new coal while you still can," Greenpeace project leader Gao Yuhe said
Santiago66
If you take the resource value and take the current price for coal ($572million tonnes x $139 per tonne for coal). The figure equates to Redeyemines value of $78 billion of resources in the ground. If the licence was ever passed on to the Chinese, a 0.5% of the resource for example would equate to a value of $397 million. What we would actually receive for the licence is anyone's guess.
I agree Bangla, I would like to see the licence sold on if this would unlock Phulbari for the Chinese. To put things into context, this farce has being going on for 18 years or so. Unbelievable.
Searcher, three years for Phulbari to come on line would ensure a continual supply of coal if Bara closes in 2027. The other option is for the Bunglas to spend $144 million a year on imported coal. LOL
Great post Seethruwalls.
"Take electricity, for example. Power purchasing agreements with not just local businessmen but also the Indian Adani Group were signed with terms and conditions that allowed the power suppliers to take an enormous cut of the total project price. And parliament passed a law prohibiting anyone from investigating the matter".
https://thewire.in/south-asia/india-bangladesh-democracy-economy-sheikh-hasina
I agree Gooner, four and half years is a damn long wait, how many more tweaks does this proposal require.
Two ways of looking at the fund raise. They couldn't raise any more funds, or they only need a small amount to see them clear for approval.
Https://www.telegraphindia.com/business/bangladesh-success-story-turns-sour-now-at-huge-risk-from-inflation-dollar-crunch-and-severe-fuel-shortages/cid/1943429
"Moody’s Investor Services cut Bangladesh’s credit rating to B1, putting it four notches below investment grade and driving it deep into “junk” or speculative territory"
Https://www.newagebd.net/article/201704/load-shedding-sets-record-at-2925mw
"Many of the power plants were long affected by the energy crisis because Bangladesh was overwhelmingly dependent on imports, which experts warned were highly vulnerable to shocks such as high prices and natural disasters".