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GCM Gcm Resources Plc

6.50
-0.125 (-1.89%)
03 May 2024 - Closed
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
  -0.125 -1.89% 6.50 6.25 6.50 6.625 6.375 6.63 2,487,691 16:35:18
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Coal Mining Services 0 -1.32M -0.0056 -11.38 15.15M
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 6.63p. 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 £15.15 million. Gcm Resources has a price to earnings ratio (PE ratio) of -11.38.

Gcm Resources Share Discussion Threads

Showing 58976 to 58986 of 93100 messages
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DateSubjectAuthorDiscuss
29/1/2019
10:11
"Today 09:32 Price: 26.50
Profit_profit 1,451 posts
More buying
Mms cannot keep this depressed for long now.
Soon they will have to let it go."

Is this clown serious? Another idiot spiked and ramping for his life trying to get his losses back.

mickb1234
29/1/2019
10:08
Behuge bellend doesn't make money anywhere, he trades in goats. Not his special lady goat of course! 😂😂
mickb1234
29/1/2019
09:55
behuge,

if you do ever make any money out of gcm, which i doubt, for the sake of the readers can you resit gcse english pls?

thanks.

martinfrench
29/1/2019
09:41
I know that officer. Delisting and listing with the new JV company in China is also possible, seen that before
behuge
29/1/2019
09:29
Behuge FYI.

Suspension w/o nomad can last one month only.

w/o appointing nomad further results in delisting.

officerdigby
29/1/2019
09:04
Baxteal you are now expressing positivity.Its time to buy folks.
bobic
29/1/2019
08:29
PI fear of imminent suspension showing today.

They’ll probably be buying these back at 40p later on this week 😂

baxtea1
28/1/2019
16:20
Right, offski, have a nice evening, don’t spend all of it reading nonsense about nomads


Or gonads

baxtea1
28/1/2019
16:20
GCM will be huge

Making use of coal reserves
Published: January 27, 2019 22:03:43


The relevant state minister's statement, made during an interview with this paper recently, to the effect that the government has a plan to develop the country's unexploited coalmines using the state enterprises concerned would be appreciated, at least, for a couple of reasons. Firstly, the start of the development work would bring an end to the stalemate over the fate of coalmines holding a large reserve of quality coal. Secondly, if and when exploited, these mines would feed a number of major coal-fired power plants that are now under different stages of implementation. Otherwise, the government would have to import a substantial volume of coal at a huge cost annually.

The fact remains that successive governments did suffer from indecision over the ways and means of exploiting the coalmines, partly for environmental and partly for technical reasons. The country is now extracting coal from only one coalmine at Barapukuria out of five mines discovered so far. The coal mining authority at Barapukuria has been using the conventional underground mining method that disturbs both nature and human settlements far less than the process of open-pit mining. However, the latter remains the most cost-effective and efficient way of coal mining.

There is no denying that coalmining is a tricky and sensitive issue for a densely populated country like Bangladesh. No matter whatever method is used for coal extraction, there would be displacement of people and environmental degradation in and around coalmines. However, the extent of damage does depend on the methods employed in coalmining. Undeniably, these particular issues have been holding the government back from taking decisions on extraction of coal reserves from virgin mines. The violent incident involving the Phulbari coalmine in August 2006 and the opposition to open-pit mining coming from the rights activists also worked as a disincentive to a great extent. Thus, the authorities concerned, deliberately, had decided to drag its feet on the issue taking refuge under the so-called process of formulating appropriate coal policy.



Now there is an urgent need for bringing about an effective change in government approach to country's coal reserves. The government would need a substantial volume of coal for running its power plants. Its import would cost the state coffer hugely. Besides, spending a huge sum every year on coal import when the country is blessed with huge reserves of quality coal would not make any sense. However the fact is that coal, a variety of fossil fuel, is no more preferred globally. Rather, it is considered one of the major polluters of environment. Many developed countries are now shutting off their coal-fired power plants and switching over to renewable energy sources. Days are not far off when coal will be discarded as a fuel.

Bangladesh, for reasons of cost, has opted for coal-fired power plants. To reduce the operating cost further, it would be prudent to extract coal from the maximum possible number of mines, instead of leaving this hard fossil fuel as it is underground. The studies, as mentioned by the state minister for power, energy and mineral resources, on the use of coal need to be expedited.

behuge
28/1/2019
15:55
"Today 15:44 Price: 28.00
Profit_profit 1,430 posts
Aim oracle
Never seen your post here
What do you know about GCM??
You just jealous GCM are partnered with power China.
Not even go there, this is not rubbish EQT.
THIS IS THE DEAL."

🤣🤣🤣🤣 profir profit only been posting since he got shafted on an earlier spike, now he's ramping for his life trying to get his losses back! You couldn't make this up! 😂😂

mickb1234
28/1/2019
14:00
Making use of coal reserves
Published: January 27, 2019 22:03:43


The relevant state minister's statement, made during an interview with this paper recently, to the effect that the government has a plan to develop the country's unexploited coalmines using the state enterprises concerned would be appreciated, at least, for a couple of reasons. Firstly, the start of the development work would bring an end to the stalemate over the fate of coalmines holding a large reserve of quality coal. Secondly, if and when exploited, these mines would feed a number of major coal-fired power plants that are now under different stages of implementation. Otherwise, the government would have to import a substantial volume of coal at a huge cost annually.

The fact remains that successive governments did suffer from indecision over the ways and means of exploiting the coalmines, partly for environmental and partly for technical reasons. The country is now extracting coal from only one coalmine at Barapukuria out of five mines discovered so far. The coal mining authority at Barapukuria has been using the conventional underground mining method that disturbs both nature and human settlements far less than the process of open-pit mining. However, the latter remains the most cost-effective and efficient way of coal mining.

There is no denying that coalmining is a tricky and sensitive issue for a densely populated country like Bangladesh. No matter whatever method is used for coal extraction, there would be displacement of people and environmental degradation in and around coalmines. However, the extent of damage does depend on the methods employed in coalmining. Undeniably, these particular issues have been holding the government back from taking decisions on extraction of coal reserves from virgin mines. The violent incident involving the Phulbari coalmine in August 2006 and the opposition to open-pit mining coming from the rights activists also worked as a disincentive to a great extent. Thus, the authorities concerned, deliberately, had decided to drag its feet on the issue taking refuge under the so-called process of formulating appropriate coal policy.



Now there is an urgent need for bringing about an effective change in government approach to country's coal reserves. The government would need a substantial volume of coal for running its power plants. Its import would cost the state coffer hugely. Besides, spending a huge sum every year on coal import when the country is blessed with huge reserves of quality coal would not make any sense. However the fact is that coal, a variety of fossil fuel, is no more preferred globally. Rather, it is considered one of the major polluters of environment. Many developed countries are now shutting off their coal-fired power plants and switching over to renewable energy sources. Days are not far off when coal will be discarded as a fuel.

Bangladesh, for reasons of cost, has opted for coal-fired power plants. To reduce the operating cost further, it would be prudent to extract coal from the maximum possible number of mines, instead of leaving this hard fossil fuel as it is underground. The studies, as mentioned by the state minister for power, energy and mineral resources, on the use of coal need to be expedited.

behuge
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