New NED Appointments Price Catalysts and Fubdamentals Supporting Uplift!19 Feb 2024 18:07
Do not have time for name calling, I trigues or other nonsense - I am here to Invest base on best Intel.
First - why is Mr Christian Taylor-Wilknison removed? This is simple. He was never meant to have permanent position as NED.
"Christian Taylor Wilkinson has agreed to act as INTERIM Non-Executive Director" - RNS 15th Sept 2023
This confirm again in Final Results - 29th Jan 2023.
Mr Christian Taylor-Wilkinson was never given permanent NED position. It always remains as Interim.
With understanding of this we can focus on new (permanant) NED positions which should give Shareholders more security and price increase to match.
This news can be expected within next 2 weeks.
Apart from all ECONOMIC FUBDAMENTALS - since recent global developments on energy supply / costs it will be IMPOSSIBLE for Bangladesh to remain competitive without a new Energy policy which rely on DOMESTIC COAL PRODUCTION - this is not maybe - its Inevitable with no alternatives available.
Bangladesh Govt will also be invited under terms to be confirmed to JV partner in project with Solar Power Park (Energy Minister did mention Solar project).
Govt will be "fully functional within the 1st Quarter 2024. The communication is two-way and an overview of what would be expected in the Project Proposal has been shared .
Indications are the Govt is now expecting the Ministry of Power, Energy and Mineral Resources to deliver a "NEW PLAN" that addresses how the country can negate the economic stress caused by ALMOST TOTALLY DEOENDENCE ON IMPORTED ENERGY PRODUCTS"
***"IT IS UNDERSTOOD THIS "NEW PLAN" IS TO PRIORITUSE DEVELOPMENT OF THE COUNTRY'S KNOWN COAL RRSERVES" (along with anticipation of defining new gas reserves) - RNS 29th Jan 2024
People should read above again to understand fundamental & tine critical nature of Newsflow due.
Add to this critical Foreign Currency Reserves which foreign fuel imports are paid with & breakdown of Industrial Infrastructure / manufacturing base.
Intelligent investment analysis makes things quite clear and perfect storm for GCM & shareholders!
Intelligent, well research responses only please π¦