Gcm Resources Share Discussion Threads

[888icb] 15/1/2019 18:51

Low volume day of 907000 with only 250000 since 2pm. Just a 1p drop on the day so consolidating at this level as we await news of the JDA.

[behuge] 15/1/2019 17:14

Soon GCM

Another 350 MW coal-fired Power Plant in Barguna

The government is up to set up a 350 MW coal-fired power plant in Taltoli Upazila of Barguna district. The contractors are already preparing the power plant site land. The power plant is expected to begin its operation in 2022.

The project is being jointly implemented by China’s ‘Power China Resource Limited’ and ‘ISO Tech Electrification Company Limited’, a subsidiary of ISO Tech Group of Bangladesh approximately cost of about $540 million. Earlier, ISO Tech has completed the Power Purchase Agreement with the Bangladesh Power Development Board on 12th April of this year.

The entire project will require 300 acres of land and the government will purchase power from this plant for a tenure of 25 years according to the agreement. The tariff to buy power from this plant is settled to 6.77 tk per unit though it’s highly dependable on the market price of coal.

Firoz Chowdhury, the media advisor to ISO Tech said that, they will be installing a hospital having 50 beds in the local vicinity along with other community institution like schools, mosque, temple and madrasa. The project will create 3.5 thousand new employment opportunity, he added.

[behuge] 15/1/2019 16:46

Tomorrow’s gonna BEHUGE

[mrshaungcm] 15/1/2019 16:21

JIRK2 - Talking horse sperm - stop sucking animals cox

[kirk2] 15/1/2019 15:51

CANT SEE WHY ANYONE WOULD BE OUT OF THIS, NEWS OF JOINT VEN COULD HIT TOMORROW, AND WOULD RERATE 100 TO 200 PERCENT, IT IS GETTING VERY CLOSE YOU CAN FEEL IT, NORMALLY WE WOULD BE BACK IN THE LOW TWENTIES AFTER A BIG SPIKE, BUT THIS IS DIFFERENT.

[behuge] 15/1/2019 15:45

Apfindley big idiot. Before the Americans were involved (read what was the problems) now the Chinese have entered the game. Politicaly China is weighing 100 times more than USA in Bangladesh. If China wants this project, they will have it. You are surely a paid deramper from the resistance based in London against coal project in Bangladesh. You are a 🤡🤡🤡

[apfindley] 15/1/2019 15:13

Completely irrelevant.We know there is coal demand.We know gcm have a large coal resource.We also know that GCM have NO PERMIT to extract coal, and have been paging for 15 years with NO success to be given a permit by Bangla.People in local communities who would be displaced by the mine, have died during protests, and because of the fierce opposition to the project, it may never be allowed to progress.Beware of listening to rampers with false stories. The facts are above.

[baxtea1] 15/1/2019 14:32

Just filter them jay. I know what you mean though 😂

[mickb1234] 15/1/2019 14:27

"Today 13:57 Price: 36.50
Searcher 37,713 posts
That's it final top up
looked down the back of every chair and sofa and have made a final top up!!

GCM, you can release that RNS now please ;)"

FFS 🤣🤣🤣🤣9315;

[apfindley] 15/1/2019 14:18

The company is responsible, it is their duty to release a statement to confirm or deny these rumours which have been started by a well known ramper.

[888icb] 15/1/2019 14:17

Lower volume today just 660000 so far. share price recovering and now only 1p down from the opening price.