Member Info for tiggy2101

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.

Have great Christmas All, and thank you Searcher for all the research and the links this year, greatly appreciated. Will keep in touch throughout 2024.

YouKnowItsRight, I agree a pointless RNS to be honest, did someone want shares on the cheap this morning.

HenrytheEighth

Without local coal, Bangladesh will go bankrupt. The country is well and truly screwed if they continue with importing their energy as evident by their depleting foreign reserves.

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

Welcome W2NCY, good to hear from you. I share Searchers thought LOL

Great post Seethruwalls.

I agree Bangla. I can't see anything happening this side of the elections. Not sure who will be in power next year, but the Board must look at either selling the licence on or moving towards Arbitration.

"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".

Searcher

Rishi hasn't done his homework on Hasina, and that cracking deal she did with Adani, NOT.

She really does spout some rubbish LOL.

I guess no one dare bring up the subject of Adani in Parliament.

I can't ever see this mine getting off the ground, There will be problems preventing the mine from flooding, and also loss of land through subsidence.

More on Adani

https://www.newagebd.net/article/198405/adani-power-deal-detrimental-to-national-interests

Pappi, I hope the BNP get stuck in as well.