Gcm Resources Share Discussion Threads

[tburns] 30/6/2017 08:39

Nice few buys full on the offer there, doesn't take much to move this North and will be interesting if this is backed up much more buys, could see a stellar Friday

[tburns] 30/6/2017 08:35

That is a decent jump on little trades, much showing on L2?

[mrshaungcm] 29/6/2017 21:58

hxxp://www.thedailystar.net/op-ed/economics/budgetary-allocation-energy-not-enough-1425574
The low budget allocation for the energy sector clearly demonstrates that the government has nearly given up on trying to develop domestic supply of primary energy. The low priority on gas exploration and coal development implies that the government is quite content on letting the primary energy sector become totally import-based. Of course the easiest thing to do is import to meet whatever shortfall there is. But there are consequences of having an import-based primary energy sector: major price increase of fuels and dangers of supply disruption.

Alarm bells have already started ringing in the business and industrial community. They are justifiably apprehensive that primary energy, mainly natural gas, would become very expensive once LNG imports start. As soon as the first lot (500mmcfd) of LNG is added to the domestic supply, price of gas for industrial consumers will increase from USD 3 per 1000 cubic feet to USD 4.5 per 1000 cubic feet – a 50 percent increase. That is only the beginning because as more and more LNG is added to the system, the gas tariff will increase. Once domestic gas reserves are totally depleted, which may not be that far away if no new gas is discovered, the tariff will reach LNG import cost, which in 10 years' time can easily be USD 12-15 per 1000 cubic feet. To appreciate the magnitude of this tariff note that BPDB now pays approximately USD 1.1 per 1000 cubic feet.

At LNG price can the energy-intensive industries survive? Bangladesh has been doing very well in the ceramic and steel sectors. There is a grave danger of these two industries dying out. It is vital to keep energy costs down. Historically, Bangladesh has had very low energy prices. But that is changing fast. Such a fast transition to higher prices is causing great concern amongst industrialists. There are clear indications in the budget that prices of electricity and gas may have to be revised upwards to accommodate the import of expensive LNG.

[baxtea1] 29/6/2017 17:47

Fast forward three years
29 Jun '20 - 15:49 - 25389 of 25390 3 0 (premium)
Can't say long way off if you don't know it, so could be one day or one year? I guess patience will prevail.

[baxtea1] 29/6/2017 17:46

Fast forward two years

29 Jun '19 - 15:49 - 25389 of 25390 3 0 (premium)
Can't say long way off if you don't know it, so could be one day or one year? I guess patience will prevail.

[baxtea1] 29/6/2017 17:46

Fast forward one year

29 Jun '18- 15:49 - 25389 of 25390 3 0 (premium)
Can't say long way off if you don't know it, so could be one day or one year? I guess patience will prevail.

[divinessence] 29/6/2017 15:49

Can't say long way off if you don't know it, so could be one day or one year? I guess patience will prevail.

[baxtea1] 29/6/2017 15:25

Share price at 32p says it all.

Long way off yet boys & girls

[tburns] 29/6/2017 11:01

Wish it was me Divi, am topped out here

[divinessence] 29/6/2017 09:33

A few decent buys in last few days. Someone is accumulating.

[legionnaire2] 27/6/2017 17:26

Up to date share list....

% of Issued Capital

Polo Resources Limited 25.9
Mr C McNamee 8.9
Kilkenny Limited 7.6
Dyani Corporation Limited 7.1


TOTAL 49.5

[tburns] 27/6/2017 09:16

Nice 50k Buy here almost full on the offer, anymore of that and we'll see blue today

[timw3] 23/6/2017 15:14

WOW!!

#UKOG "OIL DISCOVERY AT HORSE HILL NEAR GATWICK COULD BE BIGGER THAN NORTH SEA OILFIELD WITH 100BN BARREL OF OIL" …

[baxtea1] 23/6/2017 14:49

Yup, looks that way.

Have a nice weekend

[tburns] 23/6/2017 11:35

Nice continued rebound today, maybe the post from Shaun is giving more peeps confidence

[mrshaungcm] 22/6/2017 19:46

hxxp://www.newagebd.net/article/18344/govt-considers-to-enhance-coal-based-power-generation-nasrul-hamid
State minister for power, energy and mineral resources Nasrul Hamid Bipu on Thursday said the government is actively considering to enhance coal-based thermal electricity generation by increasing coal production.

The state minister said this in the parliament replying to a query from treasury bench lawmaker Mohammad Abdullah (Lakshmipur-4).

At present, around 10 lakh tonnes coal is now being produced annually from the country’s only Barapukuria coal mine and 60-65 per cent of the produced coal are supplying to adjacent power plant for producing 250 megawatts thermal power, he said.

In addition to this, it is underway to set up a new 275 megawatts capacity power unit at Barapukuria, said the state minister, adding that the government also has a plan to operate an enhanced 275 megawatts capacity power unit after increasing coal production in the field.

Meanwhile, country’s total stock is around 7,962 million tonnes in five newly discovered coalfields.

Of the total stock, the coal stock at Barapukuria coal field in Dinajpur is 390 million tonnes, 865 million tonnes in Digipara coal field in Dinajpur, 685 million tonnes in Khalaspir coal field in Rangpur, 572 million tonnes at Phulbari coal field in Dinajpur and 5,450 million tonnes at Jamalganj coal field in Jaipurhat.

More about:

[officerdigby] 21/6/2017 19:00

baxtea1
21 Jun '17 - 16:14 - 25375 of 25377 0 0

Some of us have a bit of integrity



LMAO!

[tburns] 21/6/2017 16:26

You may well be right but whenever it is I reckon it will come out of the blue. Good luck mate

[baxtea1] 21/6/2017 16:14

Long and trade some as ive told you a billion times before fella.

Doesn't stop me from being a realist nor encourage me to mislead gullible punters like most on the BB's.

Some of us have a bit of integrity

[tburns] 21/6/2017 15:52

Your long here Baxy from what you have said in the past and trade as you see fit yet it seems you have no confidence here, why not sell up entirely?

[baxtea1] 21/6/2017 15:49

Lets see how sure you are of yourself in a a week or so, lol.



& the rampers go shhhhhhhhhhhhhh.......

[tburns] 21/6/2017 14:15

Nice rebound today on that 'terrible dilution news' yesterday. As I said, already factored in and irrelevant now, all about the end game