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I'm not normally one for over-hyping a project (done too much cash over 11 years on here to be so!), but this one really does have the makings of something very significant to both us retails PIs and more obviously, to the Pakistani nation.
Casper, in fairness to Naheed Memom, she was most forthright when she spoke at length last week - far more than i'd ever imagined she would be able to examine without an RNS. Much of what you suggest, she has already highlighted during the interview. It's simply a matter of when now - not if. GLA.
The Shanghai Electric, a Chinese company, will invest $4 billion at Thar Coal block one and will establish two more power plants of 1320 megawatts of electricity there.
https://nation.com.pk/21-Oct-2019/shanghai-electric-to-invest-in-power-plants-in-thar
Read that earlier on twitter. Hope it's true on the one hand and wonder about the 'pure fluke' on the other!
If you were to ignore the SP for a moment and ask yourself one question - Has the fundamental reason I bought changed since my original purchase? What would your answer be?
Mine is yes it has it has, but for the better. The newsflow has been confrontational and I anticipate more to follow via official RNS. Sit on your hands.
Takes 15 days from this RNS of 19th Feb 2020.............I'd wager it'll land on 6th March.
Accordingly, the Consortium Agreement provides the necessary assurance to the appropriate Pakistani authorities, under IPP policy guidelines, of the Parties' proposed equity commitments and will allow Oracle to proceed with obtaining an LOI for power production from the Government of Pakistan.
Quite right @Betafail
The Company notes from press comment in Pakistan that Beijing is understood to have requested that the 10th Joint Coordination Committee ("JCC") convenes earlier than the previously scheduled June/July 2020.