Gcm Resources Share Discussion Threads

[apfindley] 16/1/2019 10:38

Haha. The tools to dog holes have been used. The resource found, 15 years+ ago.The finance you need now is a minimum of $750million for mine mouth building/development. And a further $3billion+ for powerplant building.And about $50,000 for each of the 200,000 inhabitants who will be forcible displaced.Starting to sound expensive..

[baxtea1] 16/1/2019 10:27

Exactly 888ICB. This went to £9 on a genuine belief that SOD approval was imminent.

So, based on your knowledge of this. How can anyone think any significant news is imminent, based on the current SP?

[888icb] 16/1/2019 10:02

Wrong Al H . The rise to £9 was based on a genuine belief by the market that this project was going ahead at that time. My point is if the market forms that view in the coming weeks that precedent shows how a much higher share price can be supported. The cost of financing the mining was an issue then as it is now so it is reasonable to make a straight comparison.

[behuge] 16/1/2019 09:59

To make a hole and buy some tools you don’t need a lot of finance😂8514;😂

[failedqs] 16/1/2019 09:58

Lurker5 and AI HYou've written the 2 best posts for many weeks. Can't really add anything further other than to confirm my understanding that anyone providing finance will have the upper hand and will take the vast majority of the project riches.

[behuge] 16/1/2019 09:56

Apfindley the problem is that nobody trust you. You are even worse than the GCM BOD🤣🤣;🤣

[behuge] 16/1/2019 09:35

AI maybe but maybe not..... you are certainly a billionaire with all your good investment recommendations 😂😂

[al h] 16/1/2019 09:27

Lurker5 ... most sensible post on here in ages. legionnaire2 and 888ICB ... the stupidity of your response says it all, you're clueless. Take Lurkers advice and avoid a sea of pain in the future by not falling for the hype, because that's all this is right now.

You want a classic example of overhyped shares where the share price was trashed by dilution caused by financing problems ... just look at the classic Gulf Keystone. The company survived and is now getting on with it having come close to folding but the share price today is effectively 1/100 of the value at the peak of the BB hysteria and hype.

GCM need to raise vast sums to start mining and the cost of that on existing shareholders will be devastating because the people providing that funding will demand their pound of flesh in return. They always do, they're businessmen, there to make money, not pander to the interests of "long term" share holders.

888ICB - the share price went to 9 quid because of hype and a limited pool of shares ... and corrupt market makers taking advantage of mugs like you. Look at numerous miners and oilers in their early days promising riches galore, they all have similar share price patterns. Just the nature of the game. Get in early, ride the hype but get out when the goings good and leave well alone thereafter because if you don't you will lose the lot.

[apfindley] 16/1/2019 09:26

If only one person listens to the truth and realises that you are a RAMPING LIAR with FAKE news stories, then my time is spent well.

[behuge] 16/1/2019 09:10

Apfindley you are spending also your time but to deramp. Paid clown from the bangladesh protesters!!!. 🤡🤡🤡🤡9313;

[apfindley] 16/1/2019 08:30

Must be disheartening for the Pumpers. To spend so much time and effort, and miss out on time with your family in the evenings and weekends, to pump something like this.And the price to not move the way you want, because everyone else knows your stories are fake and your buyout rumours are nothing more than fantasy.

[baxtea1] 16/1/2019 08:25

Not exactly setting the world on fire though is it. Despite the ridiculous euphoria & predictions on certain bb’s.

As I’ve said before. The fact this is still wallowing below 40p suggests nothing of any significance is happening in the near future.

Still, happier seeing it above 30p than below 10p 😃

[888icb] 16/1/2019 08:24

The share price then starts to recover and then on most days end up on the day. Let’s see how today goes.

[888icb] 16/1/2019 08:19

Following the pattern of recent days the shares are marked down on opening.

[baxtea1] 16/1/2019 06:56

Searcher
Posts: 37,715
Opinion: No Opinion
Price: 37.50
RE: spTue 22:41Papachav... what ever are you talking about .. obviously have not got a clue!!
Go on admit it, you like many others have sold your trading shares, and are now getting worried that the share price is not going to drop back to your buy in price
Hahaha


Lmfao. The whole point of traders having seperate trading shares & a core holding is so it dosent matter if the share price dosent drop. Durrrr

Anyone who has followed this strategy for the past decade will have benefited greatly. Unlike those who have followed your hang on & hope advice sunshine.


& he calls others clueless 😂😂😂

[baxtea1] 16/1/2019 06:17

Does make me chuckle how certain posters on BB’s, some with nearly 40,000 posts, who’ve called this wrong for 12 years,- still think they are the oracles & anyone else who posts a negative opinion “hasn’t got a clue” 😂😂😂


🤔 maybe take a look in the mirror

[888icb] 15/1/2019 22:42

Perhaps Lurker can explain why in 2006 when people thought this would get the green light the shares went to £9. It is unwise to comment on matters you clearly don’t understand.

[legionnaire2] 15/1/2019 22:27

Lurker5

Based on what you’ve just told us you should leave your money in the building society.

Cretin.

Filtered.

[lurker5] 15/1/2019 22:17

No one on here seem to have the slightest idea that the power and coal projects don't 'belong' to GCM. They will 'belong' to whoever puts up the enormous capex needed, and GCM will be lucky to retain a very small proportion. If it raises even a small amount of cash to pay for its own proportion, the new shares will be enormously dilutive to the share price To think the 'values' quoted here belong to shareholders is a grotesque misunderstanding of the financial structure of such projects. I cautioned on the other side to look at the experience of the other coal-to-power groups - ORCP, EDL, Kibo, - where inexperienced pi's have lost vast sums because chasing such misunderstandings as apply here. No value can be placed on these shares until much further down the line when where the funds are to come from might be better known. The only ctp share with any chance of a successful outcome for investors at this moment is NCCL - which was in CGM's position about 7 years ago - but has been successfully negotiating all the hurdles still to come for GCM

[behuge] 15/1/2019 19:18

10£ party coming soon for GCM .....


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.

[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.