Gcm Resources Share Discussion Threads

[kibes] 01/4/2019 07:39

Jaknife - However the debt is to Polo Resources who are a long term investor and are not going to sell their shares. But I agree with you GCM should do an open fundraising at say 25p to raise all the cash they need rather than issuing discounted shares at 11p to their pals on the quiet.

[behuge] 31/3/2019 14:37

2016 lowest buy was below 4 p.

[jayviperjayviper] 31/3/2019 13:16

Please do tell when did you buy to get an average of 6?

[behuge] 31/3/2019 12:58

Good to buy more at 11 p. A bit expensive as i bought all of them at an average of 6....

[lefrene] 31/3/2019 12:08

kibes, indeed they do but GCM has little money and as yet no licence to mine, so any miner kicking the tyres will be spending their own money to investigate the project. Thus for a miner to be genuinely interested they are not going to spend their own money on, eg a feasibility study, unless they are certain the project will go ahead. So is this 'miner' story true or a lie?

[behuge] 31/3/2019 11:32

Good for Phulbari as not in costal area.....

'Coal power plants in coastal areas will worsen climate risk'
Says Anu Muhammad
Staff Correspondent
Despite being severely vulnerable to climate change, the government of Bangladesh is increasing its own risks through setting up coal-based power plants in the country's coastal areas, Prof Anu Muhammad said yesterday.

Aside from the controversial Rampal power plant adjacent to the Sundarbans, the government has already approved three separate coal-based power plants in Maheshkhali, Barguna and Patuakhali, said the eminent environmentalist.

“Many countries around the world gave up coal-based power plants considering their environmental impact. The immense biodiversity in our coastal areas as well as the ecosystem will be threatened severely if such power plants are built,” he added.

Anu Muhammad, a professor of economics at Jahangirnagar University, made the remarks at a press conference on green energy, organised by the National Committee to Protect Oil, Gas, Mineral Resources, Power and Ports at Mukti Bhaban in Dhaka.

The Sundarbans, world's largest mangrove forest, is the safeguard for the people in Bangladesh's south-western region, he said.


“Instead of protecting such a saviour, the government is pushing it towards destruction through establishing the power plant in Rampal,” said Prof Muhammad, also member secretary of the National Committee.

Besides, the government gave approval to 320 private industries which will be built inside the ecologically critical area of the forest, he said in a keynote paper.

The environmentalist demanded that the government immediately stop construction of the Rampal power plant and the other industrial activities near the Sundarbans, and move away from building any further coal-based power plants.

He suggested that the authorities should focus on solar energy as a better alternative to the power solution in the coastal areas.

About the Rooppur nuclear power plant, Prof Muhammad alleged that the government started construction of the project without conducting any prior environmental impact assessment survey, and most of the information of the project are not transparent.

“The government is not building the Rampal and Rooppur power plants only to meet the demand of electricity. They [the government] are building those to maintain strategic relationship with India, which is closely involved in both of the projects,” he said.

He also demanded that all information on the Rooppur power plant be made available to the public.

Prof Sheikh Muhammad Shahidullah, convenor of the National Committee; Saiful Huq, general secretary of Revolutionary Workers Party of Bangladesh; and Ruhin Hossain Prince, a central leader of Communist Party of Bangladesh, also spoke at the press conference.

[kibes] 29/3/2019 22:36

leftene - mining contractors just follow the money. If someone wants to provide the cash to dig coal out of the ground there will be miners queueing up to do it. The money in this case is expected to come from the Chinese Belt and Road initiative.

[lefrene] 29/3/2019 21:00

Do they really have a miner interested in taking on the project? If so what miner would waste their time and effort if they weren't sure it was going to get a green light? Evidence of the "miner" is required to make this story more compelling.

[kibes] 29/3/2019 20:37

At least I doubt that Polo will be selling their shares issued to them at 11p as they are a long term serious investor in GCM. They are not the same as the usual financial cowboys lending to AIM companies who always sell their discounted shares asap thereby dragging the price right down.

[mickb1234] 29/3/2019 14:17

JakOff - "But ask yourself. If you're a professional investor and you can see other investors getting their shares at 11p, why would you agree to paying more than 11p for your's?"

😂😂😂😂

[mister md] 29/3/2019 13:45

and are the "parties interested in providing equity financing to GCM" longer-term investors, or will they just be dumping onto the market ?

[bobic] 29/3/2019 13:36

Jacknife quite agree with funding going on and that's why price is held back at around 25 pence.
But don't agree that placing will be at around 11 pence.