Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
I hope you are right Ricky. A sale would be the preferred option for me after 12 years. I cant see how such a small company like GCM will run such a large scale project. I hope we have some positive news before the AGM.
Solstace
Your comments below make a lot of sense. Otherwise the only nagging doubt is share dilution.
Why cant GCM sell 70% of their power plant % back to powerchina et al, who can finance the construction themselves? Same with the mine? Currently GCM has 100% of the mine and 80% of the power plants, plenty to sell back instead of diluting............................... Retain 10% as a silent partner with no financial commitments and pay out the income as a divi...
Gpback
My only concern is the potential share dilution in the last RNS. Tang has done well on this front so far with only 97million or so shares in issue. I remember some comment outside the building on the day of the AGM, someone said Tang was a businessman and not a miner, so I hope the company is taken over by the Chinese. It really depends on Hasina and I hope some decision is made in the next two ot three months.
Just a thought Bees. I wonder if the reason behind the plan being presented to Hasina so quickly is due the timescales when the mine will reach production during her next term (on the assumption she gets re elected) and she can take the glory for it. Hope to see you at the AGM.
Thanks for the calculations Horse. I have been trying to wrap my head around that table summary. It will be interesting to see how quickly the Chinese can work their way through these milestones. I hope to find out more at the AGM.
http://www.unb.com.bd/bangladesh-news/High-powered-probe-panel-visits-Barapukuria-coal-mine/76877