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GCM Gcm Resources Plc

8.25
-1.15 (-12.23%)
Last Updated: 09:17:56
Delayed by 15 minutes
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
  -1.15 -12.23% 8.25 8.00 8.50 9.00 7.50 9.00 2,389,259 09:17:56
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Coal Mining Services 0 -1.32M -0.0056 -14.73 19.62M
Gcm Resources Plc is listed in the Coal Mining Services sector of the London Stock Exchange with ticker GCM. The last closing price for Gcm Resources was 9.40p. Over the last year, Gcm Resources shares have traded in a share price range of 0.85p to 12.50p.

Gcm Resources currently has 237,825,076 shares in issue. The market capitalisation of Gcm Resources is £19.62 million. Gcm Resources has a price to earnings ratio (PE ratio) of -14.73.

Gcm Resources Share Discussion Threads

Showing 55526 to 55540 of 91550 messages
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DateSubjectAuthorDiscuss
26/8/2018
22:54
Didn't 4 people get shot dead by police recently in 2016, who were part of a mob of 3000 villagers violently protesting against the Chittagong power plants - yet they are still being built. Why is Phulbari so political and why is the government so scared to mine it?
mickb1234
26/8/2018
18:28
import

The government has decided to import 100,000 tonnes of coal to meet emergency needs of Barapukuria coal-based power plant.

State minister for Power, Energy and Mineral Resources Nasrul Hamid revealed the decision while talking to the reporters at secretariat on Sunday, report local news agencies.

Nasrul said the authorities already completed the tender process to import the coal to build-up the stock and the coal will be used for emergency needs, not for regular production.

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Recently, the power generation at the power plant was suspended due to shortage of coal supply from the adjacent coal mine as approximately 142,000 tonnes of coal disappeared.

The coal mine authority filed a case against the suspected persons over the matter. Meanwhile, the Anti-Corruption Commission is investigating the matter.

When asked about the disappearance of coal, Nasrul said the government is strict about any sort of corruption.

"Several bodies are investigating the matter and quick actions will be taken as per reports," he added.

mrshaungcm
26/8/2018
18:26
Primary

The success of the power sector is clouded by primary energy crisis. The government failed to generate power having adequate capacity as demand due to fuel crisis, resulted it unable to harvest the great success.
“Without farther extraction of gas or coal, primary energy crisis will go on, but we are hopeful about the deep sea resources, we are trying to start work in offshore for searching primary energy. Power sector is in the top of government’s priority list for providing gas” Chairman of Petrobangla Abul Monsur Faizullah told.
‘We are already running with shortage of gas. It is not possible to assure gas supply to the new power projects as other sectors are also demanding gas, he added.
Prof Badrul Imam, an energy expert told actually we have no way to extract local coal for ensuing primary energy supply. To achieve the goal the government took lots of projects on hand to enhance power generation, but the projects are too costly. To generate power at affordable cost the government should search local resources.
Awami league-led government achieved 15,000 MW of generation capacity in last nine years while generation is 9,000MW against 9500MW demands. Despite about full generation against demand the country is facing huge load shedding.
At least eight new gas-fired power projects with a combined generation capacity of 2,512 MW are facing uncertainty due to shortage of gas supply.
The new power plant projects are Shahjibazar 330MW, Ghorashal 363MW, three old units at Ghorashal power station with a combined generation capacity of 1,219MW, Kodda 150MW dual-fuel, Kodda 200MW and Shikalbaha 250MW plant.
The government has no option but increase supply of local primary energy to the power plant.
We are waiting for the further exploration of natural gas; there is no choice except imported fuels for power generation because existing gas is depleting rapidly, said PDB Chairman Eng Khaled Mahmud said.
For primary energy the Industry and fertilizer factories also deprived from the desired production. Recently, the government shutting down two gas-based power plants for providing gas to 250 garment factories at Gazipur.
The officials informed that a number of power plants have been shutting down having 1,174 MW generation capacity, Ghorashal ST unit-6 190MW, Ghorashal 100MW and 78MW, Meghna Ghat CCPP 450MW, Shiddirgonj ST 150MW, Bheramara 105MW and Nowapara 101MW.
At the time of launching the power generation master plan, capacity was 5,823 megawatts. It rose to 15,000 MW in fiscal 2017-18. As a result, the population’s access to electricity went up from 47 per cent in fiscal 2010-11 to 72 percent in fiscal 2017-18. While demand is only 7000 MW, but country is suffering from severely load shedding. To explain the cause of this load shedding the officials blamed the shortage of primary fuel. Due to gas crisis about 1600 MW of electricity generation has been interrupted which causes huge load shedding and the industrial production also going down, said officials of Power Division.
According to the projection of gas supply to the power plant, fertilizer factory and industries of Power Development Board (PDB) and Petrobangla, load shedding will be increased in near future. Because of the most of power plants are dependent on gas. And the Petrobangla did not extract any fossil fuel for the power plant.
As per the Petrobangla, there are 34 gas based power plant which demand of gas is 1,378 mmcfd but the plants are getting only 808mmcfd of gas while shortage was 570 mmcfd.
The major expansion in the power generation has put squeezes on the national budget as imported expensive oil is producing the costly additional power.
As per the review report on coal, the mining scenario has not improved in the country because of lack of policy. There are movements of local people at mine area against extracting coal by ‘Open pit method’ because the agriculture will be severely affected for lacking of surface water, so at present local coal also a time consuming factor.
Aside from natural gas and petroleum, coal resource of the country is still underutilized because of lack of proper guideline. Coal policy, which will ensure proper guideline regarding the usage of this resource for the economic development of the country, is yet to be finalised.
Successful implementation of this is highly dependable on the supply of fuel. Over dependency on gas for electricity generation must be reduced, while coal and renewable energy based power plants must be introduced for sustainable electricity generation. Overall, in long term, an intelligent mix of the different available energy sources can enable Bangladesh to ensure a sustainable economic growth.
Per capita electricity consumption rose from 170 kilowatt/hour (KWh) to 285 KWh, according to statistics from the planning ministry.
Meanwhile, the power board signed a number of contracts without any consultation with Petrobangla as to whether they could supply gas to the plants over the next 22 years.

mrshaungcm
25/8/2018
20:36
Supplying coal from the international market to Barapukuria power plant site is, however, a challenging task. None of the country's ports are ready to handle a large volume of coal import. There is no river route and rail link that can allow easy transportation of coal from the country's sea ports. Several transshipments of coal is inevitable involving coal loss, high transportation and handling cost to transport coal even inside the country. It is also challenging to accomplish coal transportation activities maintaining a very tight schedule. All these factors will make the imported coal significantly expensive compared to the cost of coal from the mine supply. BPDB is now faced with the challenge of importing as well as supplying coal to the Barapukuria power plant at a reasonable price.
mrshaungcm
25/8/2018
20:34
Alternative source anyone
mrshaungcm
21/8/2018
14:33
Is Baxtea1 on Twitter? Ha ha
jayviperjayviper
21/8/2018
13:42
twitter saying news coming on pre-approval
reks
20/8/2018
15:54
And then it's gone again ha ha
jayviperjayviper
20/8/2018
14:48
Wasn't expecting any action at all this week. A nice unexpected rise.
jayviperjayviper
20/8/2018
12:53
Sal H calling for rational and sane is funny! What is rational or sane about him coming on here all the time with his doom and gloom tumbleweeds? He's got no idea where Tang is at so he's obviously being completely irrational and insane! Just another clueless 'expert'.
mickb1234
20/8/2018
09:54
To the rational, sane individuals on this board GCM is the equivalent of tumbleweed in a dusty desert. To Gaywiper it's all going to kick off in a couple of weeks. Like an excited puppy he probably checks for news every morning, pound signs flashing in his eyes until ... another bit of tumbleweed rolls by ... sad puppy time.
al h
20/8/2018
09:06
Did you not read the post from last week mate. Its the week of the anniversary of the fatalities feom the protests. Out of respect I doubt we will hear any news for at least a couple of weeks even if there was any.
jayviperjayviper
20/8/2018
08:33
GCM has dried up ! it's dripping to death row ! hope it's revives soon or there's lots of casualties
chinaman 61
19/8/2018
17:27
GayWiper

I notice you failed to appear to discuss your petty difficulties and explain your illiteracy and general oikish behaviour.
I can only assume you and your bumchum MikeB were poncing about at a “Pride” march all weekend and you are now both at home nursing each other’s sore bottoms.

legionnaire2
18/8/2018
06:31
Just a sort of abreviation innit ha ha

Thought this was a message board not an English language test paper ha ha

jayviperjayviper
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