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Share Name Share Symbol Market Type Share ISIN Share Description
Gcm Resources Plc LSE:GCM London Ordinary Share GB00B00KV284 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.10 2.94% 3.50 3.20 3.50 3.40 3.35 3.40 424,386 16:35:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.9 -1.5 - 5

Gcm Resources Share Discussion Threads

Showing 83276 to 83292 of 83300 messages
Chat Pages: 3332  3331  3330  3329  3328  3327  3326  3325  3324  3323  3322  3321  Older
DateSubjectAuthorDiscuss
30/6/2022
17:50
And new wave of covid will create more delay In submitting the 20 years expected ghost project Until the next capital call and the next massive dilution Hahahahahahahahahahahahahahaha
longjohnsilver1
30/6/2022
17:45
Perf since inception - 99.35% Hahahahahahahahahahahahahaha Mwouhahahahahahahahahahahaha
longjohnsilver1
30/6/2022
16:37
......as for kids & grandkids - yukkk....coudn't think of anything more 'orrible hahahahahaha £10 hahahaha
malcolmyoung
30/6/2022
16:31
......okay, brilliant news, fantastic news, best news of the day - Biden and his silly plan stuffed. What are you worried about LeonardSwindley - we are all going to be vaporised in a nuclear WW3. Instead, think short-term, lots of lovely coal dug out of the ground at Phulbari. We're digging for Bangla, Bangladesh, It's arrivederci Swindley & Plum.......GCM GONNA BEHUGE
malcolmyoung
30/6/2022
16:16
Excellent news??What, that idiots can't see past their own greed and instead dismiss climate damage.Are you a childless loner who has no care for the planet you leave behind for future generations?
apfindley
30/6/2022
15:47
........all excellent news - The landmark ruling (earlier today) by the US Supreme Court represents a major setback to President Joe Biden's climate plans. His measures to address carbon dioxide pollution - and cut emissions in half by 2030 - will now be limited. The case against the EPA was bought by West Virginia on behalf of 18 other mostly Republican-led states and some of the nation's largest coal companies. Coal, coal, coal - we love it hahahahaha
malcolmyoung
29/6/2022
18:13
1p is coming
longjohnsilver1
29/6/2022
16:31
3.2p on the bid.Oh dear oh dear mickey, 888, malcolm.
apfindley
29/6/2022
15:53
Hahahahahahahahahahah Bid at 3.20 Listen to longjohn
longjohnsilver1
29/6/2022
12:59
Someone is very confident Hahahahahahahahahahahahahahahahahahahahahahahahahahaha 29-Jun-22 10:31:59 3.60 30 Buy* 3.50 3.60 1.08 O 29-Jun-22 10:31:59 3.60 30 Buy* 3.50 3.60 1.08
longjohnsilver1
29/6/2022
09:52
Missing gpback on this one And his 10£ target Hahahahahahahahahahahahahahahaha
longjohnsilver1
29/6/2022
09:49
Hahahahahahahaha Discussions had slowed down due to EID hahahahahahahahahahahahahahahahahahahaha The next excuse will be the new wave of virus Then the financial crisis Then the global warming Then……….it will be the year 2100 Hahahahahahahahahahahahahahahah tiggy2101 Posts: 179 Price: 3.60 No Opinion RE: Wake Up and smell the Coal.Today 16:46 I did speak to the company about three weeks ago, it may have been Keith, but he didn't give his name. I did ask if we were any further forward as regards discussions the proposal, but was told discussions had slowed down due to EID, and any updates would be via a RNS. I am hoping the company can get this over the line before the next elections in December. Just very frustrating :( . s
longjohnsilver1
29/6/2022
08:15
....absolutely mafia. CGO and BEN are both amazing. wun'erful, real coal producers who have brought mines into production and will be profitable one day. They are like shining beacons on AIM and like my friend LittlePlum, I gaze in awe each day as I plot their trajectory ever north. As for GCM...pah. LittlePlum has made over 4000 posts and Michael Tang still won't send him a birthday card. I mean, what sort of shoddy management team cannot be bothered to send out a simple card to a 'nutcase' shut away in an OAP's home. So, altogether for LeonardSwindley and LittlePlum - 'hi ho, hi ho, it's off to work we go.......hahahahahahahah.
malcolmyoung
28/6/2022
20:18
Gcm has done nothing for the past 20 years except lost 99.3% of its value Diluting shareholders a number of times And asked them to put their hands to their pockets to put more money into this ghost Coal mine, ghost project
longjohnsilver1
28/6/2022
19:59
Very true mafia.CGO and BEN are both real coal producers who have brought mines into production and will be profitable, all in a fraction of the time that GCM has wasted doing nothing except diluting shareholders.
apfindley
28/6/2022
19:06
Hahahahahahahaha Discussions had slowed down due to EID hahahahahahahahahahahahahahahahahahahaha The next excuse will be the new wave of virus Then the financial crisis Then the global warming Then……….it will be the year 2100 Hahahahahahahahahahahahahahahah tiggy2101 Posts: 179 Price: 3.60 No Opinion RE: Wake Up and smell the Coal.Today 16:46 I did speak to the company about three weeks ago, it may have been Keith, but he didn't give his name. I did ask if we were any further forward as regards discussions the proposal, but was told discussions had slowed down due to EID, and any updates would be via a RNS. I am hoping the company can get this over the line before the next elections in December. Just very frustrating :( . s
longjohnsilver1
28/6/2022
19:03
Everything is already written. It won’t be long before one of this option is informed by a rns… Nr 1) financial risk nr2) climate change risk Which one will be the winner after 20 years of blah blah Hahahahahahahahahahahahahahahahahah Risks and uncertainties The predominant risks and uncertainties faced by the Company are set out below: Political and economic – risk that the Company’s new approach, being to establish the Phulbari open pit coal mine as being captive to and packaged to supply either: (a) up to 6,000 MW of state-of-the-art highly energy efficient Ultra-Supercritical power plants, or (b) to supply all or in part of the Phulbari captive open pit coal mine production to the Government’s own power plants (the “Project”;), is not approved by the Government of Bangladesh. However, the Project has also been expanded and enhanced with the addition of a large-scale Solar Power Park (supplying the mine and National Grid) and a range of Carbon Offsetting measures that would enable the coal mine to be Carbon Net Zero (a “Green Mine”). The use of Phulbari coal instead of imported coal would also reduce Bangladesh’s Greenhouse Gas Emissions (CO2) by over 30%, save the Government Billions of Dollars in energy and power generation cost and allow a reduced power tariff supplying cheaper power allowing industries to both expand and become more competitive. The Board has also embarked on a strategy which involves bringing in strategic development partners as it believes this will be an attractive proposition for the Government and does provide the best opportunity for realising the huge benefits the Project is capable of delivering. The Company’s Bangladesh team is also in contact with Government officials to prepare for delivery of the expanded Proposal. The Company has also endeavoured to reduce this risk by employing the services of credible consultants / lobbyists, however, it recognises that the timing of approval remains in the hands of the Government. The Company retains its right to seek legal redress in accordance with the terms of the Contract with the Government in the event approval is not ultimately forthcoming. Refer to Note 1 of the consolidated financial statements for further information. Strategic – risk that the strategic partnership with the Chinese state- owned-enterprises PowerChina and NFC do not proceed and thus undermining the Company’s strategy of presenting the Project as a captive coal mine with 6,000MW power generation that would take sufficient thermal coal production to ensure the mine’s economic sustainability. As explained in the “Political and economic risk” section, the Company has already expanded the Proposal to promote all or part of the Phulbari captive open pit coal mine production being sold to the Government’s own power plants, thus reducing or eliminating the dependency on having mine-mouth power plants as the sole market for the Phulbari coal. The current and prolonged world energy crisis with escalated coal and LNG prices also makes the proposition of the Government using Phulbari coal for its power plants much more attractive. The Company has also taken steps to further reduce this risk through recent signed agreements and is continuing dialogue with the development partners aimed at further strengthening these strategic partnerships; and has in place incentive-based schemes with Dyani to enhance the relationships with the Chinese government organisations and with the Bangladeshi controlled entity, DGI, to assist with taking the Project through the government approval process to implementation. The Company’s Bangladesh team is also in contact with Government officials to prepare for delivery of the expanded Proposal. Financing – risk that the Company will not be able to raise necessary funds as and when required to take the Project through the government approval process to implementation stage. The Directors are confident that the necessary funds will be obtained as and when required. For further details refer to the Directors’ Report. Commercial – risk that the Project’s economic viability is undermined by sustained adverse movement of coal price and key cost elements. The current and prolonged world energy crisis with escalated coal and LNG prices makes the proposition of the Government using Phulbari coal for its power plants much more attractive. Analysts predict the supply/demand forces will support continuing high coal prices in the medium term, thus using Phulbari coal will give the Government some protection against supply and cost escalation risk, making the Project more attractive. To further reduce economic viability risk there will be a rise and cost provision for the coal mine with the coal supply agreements for the power plants. Bangladesh has several new power projects under construction and others in the pipeline with the full capacity set out in a recent Government report to be in excess of 10,000MW, i.e., some 40% more than can be supported by the Phulbari coal mine’s full production. Legal – risk that the mining lease and exploration licences are revoked. The Group continues to comply with all terms of the Contract with the Government for “Exploration and Mining of Coal in Northern Bangladesh” and is careful to ensure that all ongoing conditions of the Contract and the associated mining lease and exploration licences are met. GCM has received legal opinion that the Contract is enforceable under Bangladesh and International law. Health and safety, social and environmental risks – The Group remains committed to developing the Project and meeting the highest international social and environmental standards as detailed in the Corporate Social Responsibility section within this Strategic Report. Climate Change risk – Increased awareness and action against climate change will put pressure on governments and financing organisations to reduce exposure to fossil fuel related power generation. This could affect future Bangladeshi Government policy towards coal fired generation and limit funding appetite for the Project. Bangladesh is scheduled to officially become a developing country in 2026 as the UN committee recommended that the country should get five years, instead of three, to prepare for the transition due to the impact of Covid-19 on its economy. Until 2026, the country will continue to enjoy the trade benefits as an LDC. The Bangladesh Government has also recently adopted its Vision 2041 which aims to end absolute poverty and to be graduated into higher middle-income status by 2031 and eradicate poverty on way to becoming a developed nation by 2041. Bangladesh has minimal emissions and is far behind the developed countries in terms of GDP and power generation per capita. Considering the year 2019 (immediately prior to the COVID pandemic and the worldwide economic slowdown) published figures indicate its contribution to the world’s CO2 production was some 0.25 percent, i.e. Bangladesh is not a significant emitter. Vision 2041 identifies two fundamental energy and power sector pillars necessary to support the Vision: (i) Adopting a least-cost power generation expansion path; and (ii) Promoting supply of low-cost primary energy. To achieve this, it needs to steadily grow its power generation capacity (efficient low cost power) to drive industrial development and create sustainable new well- paying jobs. To this end, even if the Phulbari full coal production was consumed in over 6,000MW of power being generated in the year 2019, Bangladesh’s contribution to the world’s CO2 production would still have been minimal at less than 0.35%. The Bangladesh Government recognises the importance of commercial fuel diversity for its power generation, however, at present it is heavily reliant on imported fuels, which exposes the country to inherent world-market risks in terms of maintaining supply and controlling cost.
longjohnsilver1
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