Asia Energy - Coal and Power for Bangladesh

Back from skiing... thin snow and lots of stones and exposed rock :( but also great sunshine & scenary at les trois vallees :)

This story is looking like the classic roller coaster of mining and developing country risks and potential rewards.

In fairness to AEN (or its advisers) much of this was made plain in the March 2004 prospectus.

Two curiosities in London are why RAB has lifted its stake above 10% again after previous profit-taking, and Fidelity keeps buying relentlessly - although this has obviously not been enough to stem the share price fall.

It seems this buying is going to look either very silly or very clever on a 1-2 year view.