What Day THIS WEEK (or in coming days) Do We Expect SP to Kick Back Up HARD?21 May 2024 07:52
Yes understand header sound very rampy but will give reasons why is actually probably more correct!
- We understand Project Proposal April so feedback due any time thru local media leak or RNS (often intra day for GCM)
- Economic complete mess for country, Worsening, All base on expensive Energy imports & only ONE solution.
- Phulbari quickest domestic coal solution & specific mention by Energy Minister in Parliament & BBC interview - this will definitely need approval by Prime Minister to say this and why we see part of New Energy Plan and PR campaign.
- Two way Govt/ Company communication confirm this
- Largest Industrialist & Hasina financial backer ALREADY in talks with GCM to buy Phulbari coal
- Power China who are part of Govt infrastructure development program move from MOU to Contract (we cannubderstandt why & base off highest Govt dialogue).
- LOW VOLUME HAVE HIGH IMPACT ON SHARE PRICES MOVE! - 2ork against us in drop, will work for us on fast rise back up.
- Lots PI have already taken profit with price stabilisation & funding uncertainty remove with 6.5p placing.
Now we position for Buyers to come back in after drop with NEWS expectations and potential if HIGHEST upside anywhere with Triple Digit price target.
No ramp - does not need to be & all validation for reasoning there.
Buy, hold or sell but header very likely now in next few days imo.
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