Gcm Resources Share Discussion Threads

[sidjameslaugh] 18/11/2016 10:02

Can you also give me the lottery numbers please as you are well informed. Thanks in advance.

[gloom_boom and doom] 18/11/2016 10:01

Most probably placing been agreed already and there were massive forward selling.

[gloom_boom and doom] 18/11/2016 09:59

Back to sub 30p before close today.

Wake up and smell the coffee. How embarrassing getting mugged by a charlatan, who was telling you all his game.

Next week back to 20p.

[gloom_boom and doom] 18/11/2016 09:56

You guys been punked by trickster. Wait for this to collapse now.

About £150K cash left.

and yet valued £24.5m. LMAO

last week it was £10M


MOU means F O. Hassani is dancing in her Saree laughing at the mugs who go punked by Trickster.

[baxtea1] 18/11/2016 09:18

BJpenn 99 posts
Should have taken profit
Ffs



Welcome to GCM world fella

[potential] 18/11/2016 09:10

Looks like we're off back to 34p!!!

[wurrum] 18/11/2016 08:13

Digihipara would have to be underground mined. Too deep for open pit. They wouldn't surely consider another Bara would they? And increase productivity at Bara? If that was possible why was it not already happening? New age Bd just refuses to report favourably for GCM and open pit.

[baxtea1] 17/11/2016 20:47

Its quite frustrating really.

Giving the goahead is such a no brainer for Bangladesh in my opinion.

[double double] 17/11/2016 20:36

Very soon they will have to address the big elephant in the room. They are running out of other mines to talk about!

[mrshaungcm] 17/11/2016 20:04

In September, the government decided to stop its move to extract coal using controversial open-pit mining from northern part of Barapukuria field as an independent consultant said that such move might destroy underground water layers which are above coal sims.

[baxtea1] 17/11/2016 19:52

Dighipara will be the second mine to be developed for coal extraction after the Barapukuria mine.

increase coal extraction from Barapukuria coal mine, Istiaque said.

He said that the government would wait until advanced technologies are available for coal extraction from Jamalganj deposit.

Khalashpur (685,000), - not forgetting this bad boy


Quite interesting after some of today's debating

[mrshaungcm] 17/11/2016 19:42

hxxp://www.newagebd.net/article/2969/resource-extraction-from-jamalganj-coal-field-uncertain
Resource extraction from Jamalganj coal field has become uncertain as a study found no prospect for extracting natural gas trapped in coal beds of the country’s largest coal deposit.
The study, conducted by Indian consulting firm MAPL, said that gas content was extremely poor in the coal of Jamalganj deposit located in Joypurhat with an estimated reserve of 1,054 million tonnes of coal, said officials.
On Tuesday, MAPL gave a presentation on its final report at power, energy and mineral resources ministry, they said.
‘The study found no prospect for harnessing coal-bed-methane from Jamalganj field,’ Petrobangla chairman Istiaque Ahmad told New Age on Wednesday.
Since Mid-Nineties, experts, however, assumed that the largest coal field might have significant potentials for extracting methane gas from its coal beds as other methods for extraction of resources from the deposit were not feasible because of high depth of coal reserve. Major portion of coal reserve of the field is located below 800 metres depth.
Being employed by Petrobangla, the state-run Oil, Gas and Mineral Resources Corporation, MAPL drilled three wells at different locations of Jamalganj coal field for examining the prospects for extracting methane gas.
MAPL recommended for conducting feasibility study to explore potentials for underground mining at the coal field.
Istiaque, however, said that the government may not take any further move to extract coal or other hydrocarbon resources due to high depth of coal.
He said that the government would wait until advanced technologies are available for coal extraction from Jamalganj deposit.
Petrobangla with its subsidiary Barapukuria Coal Mine Company Limited would explore Dighipara coal field in Dinajpur and increase coal extraction from Barapukuria coal mine, Istiaque said.
BCMCL would soon appoint a consulting firm to carry out a complete geological and geo-technical study to determine the technical and economic feasibility for coal extraction from Dighipara deposit located in Dinajpur, he said.
In September, the government decided to stop its move to extract coal using controversial open-pit mining from northern part of Barapukuria field as an independent consultant said that such move might destroy underground water layers which are above coal sims.
In 2014, BCMCL obtained license for developing Dighipara coal field.
Dighipara will be the second mine to be developed for coal extraction after the Barapukuria mine.
In 2005, Barapukuria coal mine was developed some 20 years after its discovery.
In 1995, Geological Survey of Bangladesh discovered Dighipara coal deposit with an estimated reserve of 600 million tonnes of coal. The first layer of the coal deposit was found at 327 metres depth, officials said, which made it suitable for underground mining.
There are two other large coal deposits in the North Bengal area-- Khalashpir in Rangpur with an estimated reserve of 523 million tonnes of coal at 257-483 metres depth and Phulbari in Dinajpur with an estimated reserve of 572 million tonnes of coal at 150-240 metres depth.
- See more at: hxxp://www.newagebd.net/article/2969/resource-extraction-from-jamalganj-coal-field-uncertain#sthash.00YP7eqE.dpuf

[doom loop] 17/11/2016 19:04

This will end in tears people. Careful.

[doom loop] 17/11/2016 19:04

Options about to be exercised nice profit. Expect a RNS of directors sells. That's my take.

Directors need to buy themselves gifts for the festivities.

Nice RNS last week based on a MOU. "cough"

[baxtea1] 17/11/2016 17:35

Double, fair point on the more positive wording.

Yeah, a piece of the anti mining mobs ammo was GCM are not experienced enough to take on a project of this size. Obviously not the case now.

The only argument they have left is regarding the exporting of coal, which should be addressed in the coal policy & if not, i'm sure some agreement can be made. I actually think i read somewhere that exporting would not happen until domestic requirements had been met, not surecifvthatveasca GCM statement or some press article though

[double double] 17/11/2016 16:42

I recall one of the concerns BD gov has with Asia Energy/GCM was that they are too small and the project was too big. It seems Tang is now bringing in partners that can take on this project. Probably stating the obvious.

[double double] 17/11/2016 16:30

This is time it is slghtlty different from vague "discussions" and "may" to

"WE ARE negotiating with potential partners to expedite the Project".

[potential] 17/11/2016 15:43

DT be selling off towards the end so expect a drop towards 40p

[baxtea1] 17/11/2016 15:31

From Interim results ending 31 December 2015

"Discussions are ongoing with targeted potential partners who may assist in advancing the Project toward development."


"Partners" is not a new addition to the plan, does highlight how long it takes though.