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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Gcm Resources Plc | GCM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.30 | 12.50% | 2.70 | 16:35:25 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.40 | 2.40 | 2.85 | 2.70 | 2.40 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 25/4/2025 11:29 by chrisronaldo The first message from this liar from 14 years ago. He is telling you today that progress is coming ….LOOOOOOOOOOOFact_Sheet.pdf legionnaire2 - 23 Mar 2011 - 14:55:09 - 25535 of 28154 GCM - a new dawn in Bangladesh - some facts and figures - GCM Aurora Investment trust,one of GCM,s larger shareholders, were still holding strong at the end of Feb. GCM represent the largest holding in the trust. James Barstow who manages the trust must be awaiting the green light too. GLA [...] |
Posted at 31/3/2025 09:04 by apfindley The largest part of the loss yet again is the 'consultancy' fees to the mysterious Dyani corp.Can anyone explain what exactly Dyani have done for the past 8 years to earn their ongoing extortionate consultancy fees for activities the directors should be doing themselves.Why does Tang never want to talk about who is behind Dyani corp, a company who they claimed had previous experience of large projects, yet there was never any shred to back that up, as the only company they ever appear to have dealt with is Gcm. They were setup not long before the Gcm Consultancy agreement.So who setup Dyani? And expected to use it as a vehicle to siphon money out of Gcm.These are questions you need to think about, and some of the answers are out there if you search. |
Posted at 30/3/2025 12:31 by chrisronaldo Or this one with its IFs ….LLLOOOOOOOOO888ICB - 17 Mar 2025 - 18:01:24 - 67786 of 68242 GCM - Long termers, banter & research - GCM Do you think the shares would be up 14% if there had actually been 2 million more sells than buys? When there is a 6% spread the buy and sell volumes are totally unreliable as they are just guesses based on the mid price. Another good day consolidating the rise. If GCM can repeat this 14% rise per day until the end of the week the share price would be 5.4p. |
Posted at 28/3/2025 13:19 by pwhite73 "GCM Resources is a London-headquartered company, (which is also referred to in some reports as Global Coal Management) with interests in coal projects in Bangladesh, South Africa and China as well as "uranium interests in West Africa, Sweden and Australia."Formerly known as Asia Energy Corporation (AEC), the company subsequently changed its name to Global Coal Management after the August 2006 killings in Phulbari (see Public Resistance below), and to GCM Resources Plc in December 2007." You see having been expelled from Bangladesh it changed its name to GCM and continues to pretend it has rights to Phulbari. It has been doing this for the last 18 years. |
Posted at 28/3/2025 09:59 by pwhite73 888ICB - "The only thing GCM needs is the green light from the Government of Bangladesh."In order for the Government of Bangladesh to give the green light to GCM the Government of Bangladesh had to recognise that GCM is the owner or joint owner of Phulbari. What I'm saying is that nobody owns Phulbari but the Government of Bangladesh. |
Posted at 28/3/2025 09:22 by 888icb Fiddler again talking absolute drivel about posters saying the China visit was all about GCM. GCM already has its agreement in place with Power China. The only thing GCM needs is the green light from the Government of Bangladesh. What we would like from the visit to China is for the Chinese Government to make it clear to the Government of Bangladesh that it wants Power China to start work on the Phulbari project. This won’t necessarily be reported officially but will happen behind the scenes. |
Posted at 28/3/2025 07:11 by bloomberg2 GCM Resources plc("GCM" or the "Company") Placing to raise approximately £1.0 million GCM Resources plc (AIM: GCM), the AIM traded resource exploration and development company, announces that it has conditionally raised approximately £1.0 million (before expenses) by way of a placing (the "Placing") of a total of 33,333,333 new ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a price of 3.0 pence per new Ordinary Share (the "Issue Price"). Highlights · Equity raise of approximately £1.0 million at 3.0 pence per new Ordinary Share. · The net proceeds from the Placing are intended to be used by the Company for working capital purposes. · The Issue Price represents a discount of approximately 16 per cent. to the closing mid-market price of 3.60 pence per Ordinary Share on 27 March 2025. · Allenby Capital Limited ("Allenby Capital") is acting as sole bookrunner in connection with the Placing. · The new Ordinary Shares are to be issued pursuant to the Company's existing authorities granted at the general meeting of the Company on 13 December 2024. Background to the Placing and use of proceeds The Company continues to work towards progressing its Phulbari Coal and Power Project (the "Project") in north-west Bangladesh although this continues to remain subject to, inter alia, securing the requisite approvals from the Government of Bangladesh (the "Government") in order to develop the Project. Against this backdrop, recently there has been a noticeable shift of momentum in the direction in favour of the Company. For example, it has become apparent that from initiatives led by the Ministry for Power, Energy and Mineral Resources focusing on strategies and challenges related to the country's coal-based energy sector, that the Government is serious regarding developing its domestic coal resources. While this offers no certainty in relation to the Project, this bodes well for the Company. Against the backdrop of the above, the Company continues to generate nil revenues and incurs ongoing pre-development (non-cash) expenditure because of the renewal of certain consultants' contracts as well as administrative expenses. In this regard, the board of directors of GCM (the "Board") expects to report an unaudited loss after tax of £1.3 million for the six months ended 31 December 2024 (31 December 2023: loss after tax of £0.7 million). Similarly, the Company expects to report unaudited administrative expenses for the six months ended 31 December 2024 of £461,000 (31 December 2023: £355,000) and capitalised project expenditure for the period of £259,000 (31 December 2023: £173,000). Lastly, as at 31 December 2024, unaudited cash and cash equivalents are expected to be £0.9 million. Given the above financial performance, the Board considers the Placing to be in the best interest of the Company's shareholders. Use of Proceeds The net proceeds of the Placing will provide the necessary working capital to support GCM's ongoing operations. These funds will be allocated to corporate overheads, legal and advisory costs, and general administrative expenses associated with managing the Company effectively. The net proceeds of the Placing will help ensure that the Company is in the financial position to advance its broader strategic objectives. Details of the Placing The Placing comprises the issue of 33,333,333 new Ordinary Shares (the "Placing Shares") at the Issue Price to conditionally raise approximately £1.0 million before expenses for the Company (approximately £0.92 million after expenses but excluding VAT). The Placing Shares will be issued on a non-pre-emptive basis utilising the authorities granted to the Board at the general meeting of the Company on 13 December 2024. When issued, the Placing Shares will represent approximately 10.02 per cent of the enlarged share capital of the Company and will rank pari passu with the existing Ordinary Shares. Pursuant to an engagement letter dated 27 March 2025 between Allenby Capital and the Company as amended by a side letter dated 27 March 2025 (together the "Placing Agreement"), Allenby Capital has, subject to certain conditions, procured subscribers for the Placing Shares at the Issue Price. The Placing Agreement contains provisions entitling Allenby Capital to terminate the Placing (and the arrangements associated with it), at any time prior to Admission in certain circumstances, including in the event of a material breach of the warranties given in the Placing Agreement, the failure of the Company to comply with its obligations under the Placing Agreement, or the occurrence of a force majeure event or a material adverse change affecting the financial position or business or prospects of the Company. If this right is exercised, the Placing will not proceed and any monies that have been received in respect of the Placing will be returned to the applicants without interest and Admission will not occur. The Company has agreed to pay Allenby Capital a placing commission and all other costs and expenses of, or in connection with, the Placing. The Placing is not being underwritten by Allenby Capital or any other person. |
Posted at 23/3/2025 09:32 by apfindley Rampers are still not wanting to talk about DYANI corp, or Polo, or DG infra.Dyani and DG issued massive ammpunts of shares for 'consultancy services' supposedly provided to Gcm, services which the company directors should be doing themselves. And of course Polo (forced private by Tang), issued shares in lieu of those loan notes.So who at Gcm allowed these agreements to be made with Dyani and DG, both newly setup companies who's only business dealings are with Gcm (go check for yourself), both companies being used as vehicles to be issued and hold Gcm shares, to take huge voting power away from genuine private investors.Who is behind those 2 companies (go check for yourself).And of course you already know who is behind both Gcm and Polo.Join the dots and realise a sinister Chinese move to take this asset, like they have done with many others in Africa and Asia. |
Posted at 12/3/2025 05:52 by chrisronaldo As many clowns on other bbs knows everything, I asked a friend called grok on the project feasibility!! His reply is exactly what I think about the chances of success…Assigning precise percentage chances to whether the Phulbari coal project will be completed is tricky—there&# First, the tailwinds pushing it forward. GCM Resources has some serious muscle behind it—PowerChina& Now, the headwinds—and they’re fierce. The 2006 protests showed how deep the local opposition runs; three deaths and mass mobilization forced a standstill, and that memory hasn’t faded. Recent resistance—lik But it’s not a straight subtraction game. Momentum matters. The interim government’s review of open-pit mining could swing either way—say, a 50/50 shot they approve it under pressure. If they do, GCM’s partnerships might carry it over the line, especially if energy needs trump public outcry. That bumps the odds back up, maybe by 20 points to 35%. Then there’s the wild card: financing. Without China or another big player, it’s dead—call that a 30% chance of falling apart even if approved locally. So, rough math: start at 40% (economic drivers), drop to 15% (opposition and policy), rise to 35% (government shift), then shave off 10% for funding risks. I’d peg it around 25% chance of completion. That feels right—less than a coin toss, but not zero. Too many dominoes need to fall perfectly for GCM: government buy-in, muted protests, and cash flow. History says they won’t. |
Posted at 13/12/2024 07:08 by bloomberg2 13 December 2024 GCM Resources plc("GCM" or the "Company") MOU Extension - Phulbari Coal Mine Development GCM Resources plc (AIM: GCM), the AIM traded mining and energy company, announces that Power Construction Corporation of China, Ltd. ("PowerChina") has agreed to an extension of the memorandum of understanding ("MoU") for a period of a further 12 months from 6 December 2024 to 6 December 2025 on the same terms as the previous memorandum of understanding which is primarily focused on the Phulbari coal mine development. On 27 November 2018 the Company originally announced the entry into the MoU. The MoU was previously extended for 12 months from 6 December 2023 to 6 December 2024, details of which were announced by the Company on 28 November 2023. It is acknowledged that working under the MOU the parties have already taken a significant step towards developing the Phulbari coal mine. This is demonstrated by the signing of an EPC contract for "Phulbari Coal Mining Infrastructure Construction and Overburden Stripping", which was announced by the Company on 11 March 2024. The scope of work under this contract includes design, procurement, installation and commissioning of mine infrastructure and overburden removal, dewatering and drainage. It also includes selective mining and stockpiling of valuable industrial mineral co-products that occur in the overburden and are expected to deliver considerable cashflow for the Project ahead of any coal extraction. Importantly, the proposed mine development is now heading in the direction of contract mining which means that the mining is carried out by an experienced mining contractor utilising their own resources and mining equipment resulting in reduced technical risk and start-up capital expenditure requirement. Working under this extended MOU, GCM and PowerChina aim to determine the modality for PowerChina to become involved in other packages of work and financing that are necessary to fully develop the Phulbari coal mine. PowerChina's involvement as a Mine Development Partner remains subject to the approval of PowerChina internal compliance and all other relevant regulatory agencies. Over the past decade, Bangladesh has experienced considerable expansion of its power generating capacity. However, it did so by relying on imported fuel and not promoting extraction of its domestic coal and gas resources. Bangladesh's installed coal-fired power capacity currently stands at over 8,000MW (commissioned and soon to be commissioned). This represents an investment of some US$20 to 30 billion, predominantly in the latest High Efficiency - Low Emission (HELE) ultra-supercritical coal fired power plant technology with an annual coal supply demand of some 19 million tonnes of coal of the quality of the Phulbari reserves. GCM remains confident that by developing the proposed Phulbari coal mine, the Country will take a significant step away from an almost total dependance on expensive imported energy. Michael Tang, Chief Executive of GCM, commented: "Working under the MOU, GCM and PowerChina will have the opportunity to finalise the remaining work packages necessary to bring the Phulbari coal mine into production. It also further strengthens our working relationship and demonstrates our ability to bring the Project to fruition. Having PowerChina as our Development Partner will greatly assist with obtaining the necessary Government approval and demonstrating that the proposed Phulbari coal mine will provide a large reliable supply of affordable commercial energy that will reduce the Country's dependance on expensive imported energy products." |
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