Gcm Resources Share Discussion Threads

[behuge] 17/1/2019 23:58

Bag of tea you mean 😂😂😂 the 🤡 around. He Knows everything but knows nothing

[spacedust] 17/1/2019 23:44

Maybe bax of tea knows the answer ? Or perhaps someone can email them. I'll send an email tomorrow

[behuge] 17/1/2019 23:12

No formal proposal has been made to GOB. Will the date of 28th February be respected? this is a mistery as no mention from GCM/Powerchina hence we may suppose that yes it still stand for the 28th IMHO

[viku111] 17/1/2019 22:56

So now that this signed... does the proposal submission to Govt dated 28th Feb still stand? (Per the RNS from 27th Nov 2018)

[spacedust] 17/1/2019 21:54

60million to date......gcm have been around for decades and nothing comes free.

Not even the...... (wait for it)..... bax of tea in your kitchen lol hahahaha

[spacedust] 17/1/2019 21:53

60million to date......gcm have been around decade and nothing comes free. Not even the...... (wait for it)..... bax of tea in your kitchen lol hahahahahahahaha

[shujja1] 17/1/2019 21:37

GCM has invested some US$60 million to-date for its Bangladesh projects.

[spacedust] 17/1/2019 20:46

Will GoB say no to a hand that feeds them....

POWERCHINA has made a strong contribution to Bangladesh, having completed 10 infrastructure projects including 5 power plants totaling US$750m and 12 current projects amounting to US$4.6 billion including two coal fired power plants of 1,670MW. 

[shujja1] 17/1/2019 20:37

We should be more the what we have spent

[shujja1] 17/1/2019 20:37

GCM has invested some US$60 million to-date for its Bangladesh projects.

[888icb] 17/1/2019 20:31

That article in the previous post from EnergyBangla sets out a compelling case for the Phulbari power and coal project to proceed on the back of this JDA. This is very exciting now as GCM continue to achieve their stated objectives. This major Chinese Company would not waste its time unless it was very confident it would succeed.
The Chinese hate to lose face which is what will happen if this doesn’t go ahead.
I think we should go back to 2004 and look at the charts as sentiment moves to the end game being in sight in order to see would could happen.

[billthebank] 17/1/2019 18:52

Flimsy agreement? I dont think so!!

POWERCHINA has made a strong contribution to Bangladesh, having completed 10 infrastructure projects including 5 power plants totaling US$750m and 12 current projects amounting to US$4.6 billion including two coal fired power plants of 1,670MW. We look forward to working with Datuk Michael Tang PJN and his team to deliver a world class proposal that is beneficial and acceptable to the Government of Bangladesh.

Time will tell how the GOB look at this

[behuge] 17/1/2019 18:49

POWERCHINA has made a strong contribution to Bangladesh, having completed 10 infrastructure projects including 5 power plants totaling US$750m and 12 current projects amounting to US$4.6 billion including two coal fired power plants of 1,670MW. We look forward to working with Datuk Michael Tang PJN and his team to deliver a world class proposal that is beneficial and acceptable to the Government of Bangladesh.

[mickb1234] 17/1/2019 18:26

So now we know what all the buying was about last week, pump and dump on the rns. Someone has made a small fortune today. Some might say somewhat illegally! 😂😂 Maybe even Dyani offloaded a few of his 12p shares as well. So it was 24p before last weeks spike, can we expect at least that to come back again tomorrow? Those expecting a green light from Hasina next week must be mad, in a country as corrupt as that do you not think Hasina and all her cabinet would be buying these shares?

At least we'll have a new set of rampers on board all impaled on 60p and desperate to get their money back. Should be fun watching Baxy tear into them!

[apfindley] 17/1/2019 18:14

Yes people buying without even understanding the Non-news.It's a flimsy agreement with a Chinese company and has nothing to do with the Bangla government even awarding a permit to extract coal.....which is the only thing were waiting for. Anything else apart from government news is meaningless.Has anyone counted how many ramping attempt rns's we've had about this one partnership? I'd say over the past 18 months there's been nearly a dozen.... About the same agreement/mou.The company is becoming desperate and will need many hundreds of millions to develop and build the market be mouth, and the power plants.

[babbler] 17/1/2019 18:08

just seen the price. ouch some well and truly spiked here today...

[billthebank] 17/1/2019 17:59

There is no doubt GCM have been pretty ineffectual 're getting Phulbari licence established but this new arrangement might just be enough to swing the momentum GCMs way. I have 're read this RNS and I think some for joining will give prospective buyers renewed interest.Could see this back above 50p reasonably quickly

[tmmalik] 17/1/2019 17:49

Due to pre condition n size of funding required might be reasons But recovery on cards next week ,but not upto today's spike in my opinion 0.60p might come back in next few weeks

[martinfrench] 17/1/2019 17:32

zen12, yes have seen this many times, even with proper companies and proper rns's

MM have to get stock back at some point, they struggle when price is driving higher, so they shake.

and they are very good at it !

[behuge] 17/1/2019 17:25

£10 party booking website. Www.10£.uk.co

[robizm] 17/1/2019 17:23

Be huge I assume you did you research before you bought and traced the companies history (under asia coal or energy. There were riots and people were killed when they talked about mining at philburi.

I agree if they get a permit you would see à share price in the pounds as the coal is there but history is against this company.