Gcm Resources Share Discussion Threads

[baxtea1] 09/5/2024 13:59:04

Big buys pouring in now at full ask.

Hold on to your hats Boomtown astronauts 🚀🚀🚀🚀8640;


IN BAXY WE TRUST 👊

[baxtea1] 09/5/2024 13:55:13

The news from the Bangladesh Government is starting to leak out, get ready for Boomtown 🚀🚀🚀

Bangladesh faces challenge created by others: Tawfiq-e-ElahiToday 13:46
Prime Minister's Energy Advisor Tawfiq-e-Elahi Chowdhury, Bir Bikram, today said Bangladesh was facing challenge not to be created by it rather it is created by others.

"Some countries were responsible for certain crises of dollar and others as current wars (in the world) created volatile situation," he said at a seminar on Geology for Sustainable Development organized by Bangladesh Geological Survey Department (GSB) at Petrocenter in Dhaka.

Chowdhury urged the scientists for making recommendations based on knowledge and information for taking necessary measures.

Speaking as the special guest, State Minister for Power, Energy and Mineral Resources Nasrul Hamid has underscored on maximum utilization of mineral resources.

"We have to ensure maximum utilization of mineral resources for development of our country as today many countries became developed depending on mineral resources," he said.

hxxps://www.daily-sun.com/post/747388

[silvstallone] 09/5/2024 13:37:39

No interest in coal

International community will provide funds to go green


State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said that green energy transition needs coordinated initiative and major investment.

“The developed world, including Europe, is moving towards renewable energy. We also need to increase the use of renewable energy,” he said while addressing “2024 Policy Dialogue on Sweden-Bangladesh Partnership in Renewable Energy within the RMG Sector” at a Dhaka hotel today.

The Swedish Embassy, Swedish Energy Agency and Sweden-Bangladesh Business Council jointly organised the event.

The state minister said, in sync with the changing world, Bangladesh is also working to expand and increase the use of renewable energy.

“Efforts to provide clean electricity to businesses are continuing through net metering systems, rooftop solar, import of hydropower, and increased use of energy efficient appliances,” he added.

He said the Power Division has already developed a structure of draft on 'Corporate Power Purchase Agreement (CPPA)' to supply electricity generated from renewable energy to factories including the apparel industry. Initially such CPPA will be signed with some factories on a pilot basis.

Under the CPPA, renewable energy will be used round the clock which will require high storage capacity, he said, adding, in that case, costs of electricity will go up due to the use of the storage facility.

“Finally, we need to move to a smart grid. There should also be a policy on these additional costs and technology costs,” he observed.

The State Minister also said that sustainable development is not a European agenda or a global agenda, to survive in the competitive world, we also have to live with sustainable development and green transition.

He said that Vietnam and Sri Lanka are doing business focusing on efficiency, automation, business environment and Bangladesh also needs to compete more efficiently to survive.

Nasrul Hamid mentioned that global apparel brand H&M showed in their presentation that Bangladesh exports products worth $3 billion dollars a year to three Swedish companies: H&M, LINDEX and IKEA.

“Garments are supplied to the three companies through 200 suppliers, employing 5 lakh workers. The company aims to reduce greenhouse gas emissions by 50 percent by 2030,” he said.

Among others, Head of Delegation of the European Union to Bangladesh Ambassador Charles Whiteley, Ambassador of Sweden to Bangladesh Alexandra Berg von Linde, Chairman of Bangladesh Power Development Board (BPDB) Md. Mahabubur Rahman and Country Manager of H&M Ziaur Rahman spoke on the occasion.

[silvstallone] 09/5/2024 13:36:07

So many good news that the share price is stagnant at 6p

And more people are selling…


When will i cash my 8£

🤣🤣🤣🤣9315;🤣ԍ15;🤣🤣;🤣🤣🤣

[baxtea1] 09/5/2024 13:35:12

Bangladesh Government statement in all the press now. Go ahead imminent 🚀🚀🚀

He also said that the government wants to utilise all the mines and mineral resources for the development of the country.

hxxps://businesspostbd.com/economy/countrys-all-economic-challenges-originated-from-foreign-nations-energy-adv


IN BAXY WE TRUST 👊

[silvstallone] 09/5/2024 13:31:39

No coal under Hasina

SP says it all

[baxtea1] 09/5/2024 12:44:17

Nice Searcher find 👍


“He also said that the government wants to utilize all the mines and mineral resources for the development of the country.”

hxxps://www.dhakatribune.com/amp/bangladesh/346068/energy-advisor-bangladesh%E2%80%99s-economic-challenges

[silvstallone] 09/5/2024 11:57:05

No interest in coal

International community will provide funds to go green


State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said that green energy transition needs coordinated initiative and major investment.

“The developed world, including Europe, is moving towards renewable energy. We also need to increase the use of renewable energy,” he said while addressing “2024 Policy Dialogue on Sweden-Bangladesh Partnership in Renewable Energy within the RMG Sector” at a Dhaka hotel today.

The Swedish Embassy, Swedish Energy Agency and Sweden-Bangladesh Business Council jointly organised the event.

The state minister said, in sync with the changing world, Bangladesh is also working to expand and increase the use of renewable energy.

“Efforts to provide clean electricity to businesses are continuing through net metering systems, rooftop solar, import of hydropower, and increased use of energy efficient appliances,” he added.

He said the Power Division has already developed a structure of draft on 'Corporate Power Purchase Agreement (CPPA)' to supply electricity generated from renewable energy to factories including the apparel industry. Initially such CPPA will be signed with some factories on a pilot basis.

Under the CPPA, renewable energy will be used round the clock which will require high storage capacity, he said, adding, in that case, costs of electricity will go up due to the use of the storage facility.

“Finally, we need to move to a smart grid. There should also be a policy on these additional costs and technology costs,” he observed.

The State Minister also said that sustainable development is not a European agenda or a global agenda, to survive in the competitive world, we also have to live with sustainable development and green transition.

He said that Vietnam and Sri Lanka are doing business focusing on efficiency, automation, business environment and Bangladesh also needs to compete more efficiently to survive.

Nasrul Hamid mentioned that global apparel brand H&M showed in their presentation that Bangladesh exports products worth $3 billion dollars a year to three Swedish companies: H&M, LINDEX and IKEA.

“Garments are supplied to the three companies through 200 suppliers, employing 5 lakh workers. The company aims to reduce greenhouse gas emissions by 50 percent by 2030,” he said.

Among others, Head of Delegation of the European Union to Bangladesh Ambassador Charles Whiteley, Ambassador of Sweden to Bangladesh Alexandra Berg von Linde, Chairman of Bangladesh Power Development Board (BPDB) Md. Mahabubur Rahman and Country Manager of H&M Ziaur Rahman spoke on the occasion.

[silvstallone] 09/5/2024 11:26:17

5p is the Reality

[silvstallone] 09/5/2024 11:25:10

🤣🤣🤣🤣9315;🤣ԍ15;🤣🤣;🤣

[baxtea1] 09/5/2024 11:22:19

Only 1/2 mil traded today. Subscription shares all traded now 🤷‍a94;️
We’ll soon know if we start heading to Boomtown again 🚀🚀🚀

IN BAXY WE TRUST 👊

[baxtea1] 09/5/2024 10:46:54

Lol, wishful thinking.

Go ahead to open pit mine will be announced by Hasina to the nation first. That’s based on feedback from recent AGM.

As for your 20p on approval. You’ll be a lot closer with a £1.20 prediction 👍

[crazyworld2] 09/5/2024 10:27:08

Signed it's doneWell done allOnce rns lands this will be over 20p

[silvstallone] 09/5/2024 08:51:17

Do you really think the BOD will let you buy one single share if this was going to explode 🤣🤣🤣🤣

techguru91
Posts: 876
Price: 5.75
No Opinion
Added 100k at 5.94pToday 08:47
Continuing to build a large position whilst prices remain cheap

[silvstallone] 08/5/2024 19:33:15

Another lie for the aficionado of google finance and youtube

Closing price 5.66p down 1.57% on google finance

🤣🤣🤣🤣

WiseOwlSpeak
Posts: 5,438
Price: 5.75
No Opinion
RE: Bangladesh Miss IMF Fx Conditions / Ask China For 36 BILLION Yuan Loan to Reduce Pressure on Dollar Reserves!Today 16:51
Showing +7.48% Up on google finance! 🤔

🦉

[silvstallone] 08/5/2024 18:04:38

Still no coal ?

DHAHA, May 8, 2024 (BSS) - With positive response, seven international oil companies (IOCs) joined Bangladesh's offshore international bidding for energy extraction, State Minister for Power, Energy and Mineral Resources Nasrul Hamid said today.

"Many foreign companies are interested to work in Bangladesh. Around 15 international oil companies (OICs) took part in a promotional seminar on "Bangladesh Offshore Bidding Round 2024," in Pan Pacific Sonargaon Hotel today," he added.

Nasrul Hamid said state-run Petrobangla organised the seminar to share the incentives it has offered to the IOCs to take part in the bidding round.

He said Petrobangla floated tender this year considering Bangladesh's interest first, so that the contract could be signed following a win-win situation.

US based energy giant Chevron, ExxonMobil, Chinese CNOOC, ENI took part in the seminar.

A total of 24 offshore blocks -- 15 in deep water and 9 in shallow water -- have been offered in the bidding round to be closed on September 9.

Adviser to Prime Minister Dr. Tawfiq-e-Elahi Chowdhury, BB and State Minister Nasrul Hamid were present as chief guest and special guest respectively in the seminar.

Chairman of Parliamentary Standing Committee on Power, Energy and Mineral Resources Ministry Ziaur Rahman, Petrobangla Chairman Zanendranath Sarkar also spoke on the function.

Energy secretary Md Nurul Alam presided over the seminar.

Later, foreign participants joined answers and questions lively. They also showed their interest in Bangladesh's energy and its future activities.

[silvstallone] 08/5/2024 17:43:07

Until the next one

They will have more money to import

Listen to SLY if you wanna get high

DHAKA, May 8, 2024 (BSS) - The International Monetary Fund (IMF) staff and
the Bangladesh authorities have reached a staff-level agreement on the
policies needed to complete the second review of the programmes being
supported by the IMF's Extended Credit Facility (ECF), Extended Fund Facility
(EFF), and Resilience and Sustainability Facility (RSF).

"The staff-level agreement is subject to approval by the Executive Board,
which is expected in the coming weeks. Completion of the second review will
make available SDR704.70 million (about US$932 million, equivalent of 66
percent of quota) under the ECF/EFF and SDR166.68 million (about US$220
million, equivalent of 15.6 percent of quota) under the RSF," said Chris
Papageorgiou, IMF Mission Chief to Bangladesh, at press briefing at the
Finance Ministry conference room in the city today.

An IMF mission team led by Chris Papageorgiou visited Dhaka during April 24 -
May 8, 2024 to discuss economic and financial policies in the context of the
second review of the IMF's ECF, EFF and RSF.

In his speech, Chris Papageorgiou said the authorities have made significant
progress on structural reforms under the IMF-supported program, including the
implementation of a formula-based fuel price adjustment mechanism for
petroleum products.

"Nonetheless, larger-than-expected spillovers from tightening of global
financial conditions, and still elevated international commodity and food
prices, coupled with domestic vulnerabilities, has led to persistently high
inflation and declining foreign exchange (FX) reserves. This has exacerbated
pressures on the economy and heightened the complexity of macroeconomic
challenges," he added.

He said, "Against this backdrop, we welcome Bangladesh Bank's bold actions to
realign the exchange rate and simultaneously adopt a crawling peg regime with
a band as a transitional step toward greater exchange rate flexibility to
restore external resilience. Following the liberalization of retail interest
rates, additional tightening of monetary policy should help alleviate any
inflationary pressures resulting from the exchange rate reform. Fiscal policy
should support these monetary tightening efforts through revenue-based
consolidation. If external and inflationary pressures intensify, the
authorities should stand ready to tighten policies further."

"The macroeconomic outlook is expected to gradually stabilize as policy
actions start to take hold. Real GDP growth is projected to moderate to 5.4
percent in FY24 owing to the ongoing import compression and policy
tightening. However, it is anticipated to rebound to 6.6 percent in FY25 as
imports rebound and FX pressures ease. Inflation is projected to remain
elevated at approximately 9.4 percent (year-on-year) in FY24 but is
anticipated to decline to around 7.2 percent in FY25, on the back of the
continued tighter policy mix and projected lower global food and commodity
prices. Nevertheless, uncertainties surrounding the outlook remain high, with
risks predominantly leaning towards the downside," he added.

He said, "Considering Bangladesh's low tax-to-GDP ratio, it is imperative to
prioritize sustainable revenue generation to bolster investments in social
welfare and development initiatives. To this end, tangible tax policy and
administrative measures should be incorporated into the FY25 budget to
augment tax revenues by 0.5 percent of GDP. At the same time, a medium- and
long-term revenue strategy, with an accompanying implementation framework,
should guide future reforms. Reducing subsidies, improving expenditure
efficiency, and managing fiscal risks will allow for additional spending on
social safety nets and growth-enhancing investment."

"Reducing banking sector vulnerabilities remains a priority. Efforts to
implement the non-performing loan reduction strategy should help support the
growing financing needs of the economy. At the same time, Bangladesh Bank
should continue the transition to risk-based supervision to enhance financial
sector resilience, while continuing legal reforms to improve corporate
governance and regulatory frameworks. Looking ahead, domestic capital market
development will be instrumental in mobilizing long-term financing to support
growth," he added.

He said, "Maintaining the reform momentum is critical to align with the
authorities' goal of reaching upper middle-income country status by 2031.
Diversifying trade, attracting more foreign direct investment, enhancing the
investment climate, and strengthening governance will be crucial in this
regard."

"Building resilience to climate change will help mitigate macroeconomic and
fiscal risks. Ongoing efforts to strengthen institutions and enhance spending
efficiency would help meet climate objectives and mobilize climate finance,
particularly from private sources. At the same time, the government should
prioritize climate-responsive fiscal management reforms and undertake green
and resilient infrastructure investment. Better management of climate-related
risks will enhance financial sector resilience as well," he added.

He mentioned that the IMF team is grateful to the Bangladesh authorities and
other stakeholders for their hospitality and candid discussions.

"The team held meetings with State Minister of Finance Waseqa Ayesha Khan,
Bangladesh Bank Governor Abdur Rouf Talukder, and other senior government and
Bangladesh Bank officials. The team also met with representatives from the
private sector, think tanks, bilateral donors, and development partners," he
added.

[baxtea1] 08/5/2024 17:10:55

Have you got an LSE account?
Just post on there if you have.
The abundance of filtered posts doesn’t bother me to be fair, you get used to just ignoring them. 😂

[philrudd74] 08/5/2024 16:59:43

Good afternoon Bax, oh I do have him filtered but its impossible to ignore his trail of filtered posts, he's still annoying even though I've no idea what he posts. I've seen enough over the years to know beyond any doubt whatsoever that he is chatting absolutely nonsense broken English offensive repetitive lies and speculation. He's like herpes.... always there lurking ha ha

[silvstallone] 08/5/2024 16:52:48

🤣🤣🤣🤣9315;🤣

The guy has google finance and youtube as reference

🤣🤣🤣🤣9315;🤣


WiseOwlSpeak
Posts: 5,436
Price: 5.75
No Opinion
RE: Bangladesh Miss IMF Fx Conditions / Ask China For 36 BILLION Yuan Loan to Reduce Pressure on Dollar Reserves!Today 16:51
Showing +7.48% Up on google finance! 🤔

🦉

[silvstallone] 08/5/2024 16:47:25

Cambrad stop taking advice on a board


I bet you bought once again on the pump

Jeez how many times you’ve been warned ?