Gcm Resources Share Discussion Threads

[cambradjones] 29/3/2019 09:53

Could climb steadily now up to submission of proposal.Sentiment looking more pos also.Good stuff.

[billthebank] 29/3/2019 09:50

Baxter I listen to you.I know you have held these shares for a long time and from your posts it appears you trade the fluctustions.Well done if you are successfull.I bought in at 30p so am at break even and for me this is all about Power China.Will their presence be enough? I have not invested a lot as it is definitely a spec share but definitely worth a spec investment.Hasina or her entourage have not exactly been supportive of GCM in the past but IMO The recent RNS are giving this more momentum Time will tell !!!!

[mickb1234] 29/3/2019 09:32

Ha ha I love the Green Light GIF on the Twitter account Jay 😂😂😂😂8514;

[mickb1234] 29/3/2019 09:30

They love a quickfire double rns at GCM - is the submittal pump and dump rns on the way?

[jayviperjayviper] 29/3/2019 09:19

Green Light has been confirmed






By someone on Twitter!



Seems legit ha ha ha ha

[mickb1234] 29/3/2019 09:00

"Today 08:23 Price: 26.00
beeshoney 2,717 posts
outstanding RNS
RNS,
we have a partner in mind, late stage,
money in the bank,
a RESOURCE worth close to �70 billion,if linked with bara �100,billion,
have a buyer in situ ,that converts straight to power,
a bit like going to a bank to mortgage a 1000,000 house for 100k,
I think im going to stop posting here i will be a fortune from the twerps ,who misread every thing ,"

😂😂😂😂8514;😂

[american idiot] 29/3/2019 08:55

Mine

The Company is in advanced discussions with a large international coal mining company.

[baxtea1] 29/3/2019 08:38

Fluff it up all you want

SOD approval, that’s all that matters, not proposal submissions or positions on leaderboards, share price still sub 30p and dropping. Says it all

Listen to the market

& me 😃

[behuge] 29/3/2019 08:16

Binary bet one more time. All depends on the Bangladesh government. Once proposal is made.......tick tock tick tock

[888icb] 29/3/2019 08:11

There is nothing in the financials that one wouldn’t expect for this type of company at this stage of its development. Let’s not forget that Polo has the ability to provide funds if required and Tang bought his stake in Polo because of its holding in GCM.

[kibes] 29/3/2019 08:09

It is not clever to be quietly issuing shares at 11p to pay off a loan. They should do a proper fundraising and raise a sensible amount of money since they are out of cash.

[behuge] 29/3/2019 08:08

Agree however still a binary bet as i always said and more dilution coming...

“However, until such time that sufficient funds are raised, there remains a material uncertainty which may cast doubt as to the Group's ability to continue as a going concern.”

[888icb] 29/3/2019 07:56

A very positive interim statement in this morning’s RNS. It sets out the projects and timetables. Very positive that they are progressing negotiations with a large international mining company.

[markth126] 29/3/2019 07:55

It's a bit concerning it remains a materially uncertain about the future as a going concern.

[cambradjones] 29/3/2019 07:47

No comments re rns ???

[888icb] 28/3/2019 20:47

Gcm ended the day number 10 on the leaderboard UP 10.7% having been higher. A good day which we would like to see repeated tomorrow to get this back into 30p+

[jayviperjayviper] 28/3/2019 19:24

Cambradjones
I seen 33 with my own eyes at 14.44pm

Webull states
25.78 - 33.00
With a close of 28.25 mate.

Yes Mick think he said at least 300p potential 500p and if I'm not mistaken he had about 10 posts so not a Johnny Come Lately...


Honest

[behuge] 28/3/2019 19:22

What Is Pushing China Back To Coal?

By Haley Zaremba - Mar 26, 2019, 3:00 PM CDT
Join Our Community
Coal in China
Data released by the Chinese energy bureau this week shows that the country added a whopping 194 million tonnes of coal mining capacity over the course of 2018. This revelation comes in direct contrast with China’s widely publicized promises to reduce their dependence on fossil fuels, especially dirty coal, as well as specific avowals to do away with excess mining capacity.

By the end of last year, according to numbers from the National Energy Administration, China’s total coal mining capacity had gone from 3.34 billion tonnes at the end of 2017 to 3.53 billion. These numbers do not even take into account a further 1.03 billion tonnes per year of already-approved coal capacity currently under construction, nor do they include another 370 million tonnes per year that are currently being extracted as part of a trial operation. What’s more, China’s National Energy Administration has already greenlighted an additional seven coal mining operations which altogether would have a capacity of million tonnes per year within a period of time which already started at the beginning of 2019.

According to data published by China’s National Bureau of Statistics, Chinese mines produced 3.55 billion tonnes of coal last year, a 5.2 percent increase as compared to 2017. The bureau also reported that in 2018 the country generated a total of 4.979 trillion kilowatt-hours of electricity from coal-fired power plants, 6 percent higher than the same measure in 2017.

While coal mining capacity has seen an overall increase, however, the total number of coal mines in China has actually declined. At the end of 2018, the Chinese National Energy Administration reported 3,373 domestic coal mines, down from 3,907 in 2017. The majority of the coal mines that have been shuttered recently were small and ineffective operations in eastern China. At the same time, production in the west has seen considerable expansion in capacity.
Related: Sources: Saudis Admit They Want $70 Oil

This increase in Chinese coal capacity has attracted negative attention from the international community, with critics voicing concern that this development goes directly against the nation’s promise to decrease the amount of coal used in their total energy mix, and therefore will prevent the world’s second-largest economy from meeting its committed goal of capping their carbon emissions by 2030.
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In fact, according to a report released by the International Energy Agency this week, not only are global carbon dioxide emissions continuing to climb, but ever-increasing energy demand around the world has led to record-high emissions from particularly dirty coal-fired plants. Last year the world’s energy demand grew by 2.3 percent, and 70 percent of that demand was met by fossil fuels, with a large contribution from relatively young coal-fired plants in Asia. Thanks in large part to these plants, global emissions from coal-fired power plants surpassed 10 billion tons of carbon dioxide for the first time in history.

These newly released numbers deal a crushing blow to any optimism about decreasing global emissions and even the overall effectiveness of the Paris climate agreement. For a while, things were looking up: emissions decreased, although very slightly, from 2014 through 2016, and coal emissions, in particular, went down. But now that progress appears to be in reverse. In response to this week’s International Energy Agency report, Stanford University professor of Earth system science Rob Jackson told the Washington Post, “We are in deep trouble. The climate consequences are catastrophic. I don’t use any word like that very often. But we are headed for disaster, and nobody seems to be able to slow things down.”

China is only one part of the problem. Discouragingly; the United States and Europe have seen an increase in admissions as well. That being said, countries with massive and rapidly expanding middle classes such as China and India can be expected to continue driving up demand and therefore emissions, especially if they continue to lean on fossil fuels to fill their populaces’ growing need. What’s more, China’s fleet of coal plants are mostly young--around an average of 12 years old with a total lifespan of 40 years--and as their capacity continues to increase, we can expect coal-fired emissions to keep breaking records in the coming years.

By Haley Zaremba for Oilprice.com

[mickb1234] 28/3/2019 19:04

Ha ha £5 by the end of today wasn't it Jay 😂😂

Poor Behuge Bellend must be having kittens trying to get this back to 70p so he can get his losses back! Just 50p will do me please son, just a quick double up again😂ԅ14;