Gcm Resources Share Discussion Threads

[farrero] 23/4/2019 11:10

GCM Resources key asset is the Phulbari Coal and Power Project in Bangladesh,it is a substantial,world class coal resource that will support a long life,low cost mining operation and is the only such deposit in Bangladesh that has been subjected to a full Feasibility Study including an Environmental and Social Impact Assessment prepared to international standards.

The company have recently signed joint venture agreements with POWERCHINA who are a central government owned key enterprise of the People's Republic of China,and is a world-leading integrated engineering construction group.





In terms of attractiveness to a potential bidder for the company - GCM hold the only viable large scale coal resource in Bangladesh,which is a country that simply has to develop and encourage power projects for wider growth of its economy.China and India are very active in the country and are investing heavily in the natural resources and power sector.There could also be serious interest from Australian,American,and European companies too because of the strategic importance of Bangladesh development in the region.

The Phulbari Coal and Power Project offers one of the highest potential ROI,s in the region and as such will surely attract some hefty premiums when sold.

[jayviperjayviper] 23/4/2019 08:18

Yeah had a few days in Anglesey with the family. Back to work 2moro though. You have a good one Mick?

[mickb1234] 23/4/2019 08:11

And after all their Easter weekend ramping it opens down at 23p even though they claim the real value is £5!

[icb888] 20/4/2019 10:31

Good Morning Tang
It is most kind of you to take time out of this glorious holiday weekend to share your totally negative view of GCM. I am sure we will all recall it when the green light is given.
Happy Easter

[behuge] 20/4/2019 10:28

BOD stealing the bank...

[tang_] 20/4/2019 07:14

This is a dog of a share and always has been and always will be.

[jayviperjayviper] 19/4/2019 11:22

Bobic:

Easter!

Easter is happening that's why you can't buy shares.

[bobic] 19/4/2019 09:35

Something is happening I can't buy shares.

[icb888] 18/4/2019 21:39

If it’s such a dog why do you hang around this bb like a bad smell.
We have all read the accounting statements and have read the accounting statements of many similar companies. There is nothing unusual or unexpected in the Accounts. The going concern point is very common as you would know if you had any understanding of this type of company.
You are just embarrassing yourself by making these pointless comments.
The people who are actually invested know what the situation is and will see straight through your pathetic deramping.Look Forward to an Easter egg and get a life.

[behuge] 18/4/2019 17:54

What do you mean by that Jak, we are not ready to see 20£??? 😂😂😂😂

[888icb] 18/4/2019 14:22

I think that you may need to pop down to the Doctors before they close for Easter as you are clearly in need of some improved medication. You keep repeating your self on a daily basis and the content indicates you are delusional.

[behuge] 14/4/2019 13:09

GCM not 10£ but 20£ coming soon

[behuge] 14/4/2019 13:08

POWER Notebook: New 1,600-MW Coal Plant in India; Low-Price Solar Deal in Idaho
04/07/2019 | POWER
PRINT MODE : OFF
Save to myPOWER
Financing has reportedly been secured for a 1,600-MW coal-fired power plant in India’s eastern state of Jharkhand. Qatar’s Gulf Times newspaper reported April 6 that Power Finance Corp., a state-run lender in India, and its subsidiary REC approved a $1.5 billion loan for the project. The report said the new plant would be funded through loans and equity, with Power Finance and REC covering the entire cost of the project, which Bloomberg estimated at just more than $2.1 billion.

The plant is being designed to sell power to Bangladesh through a power purchase agreement with the Bangladesh Power Development Board (BPDB). Adani Power Limited, part of India’s Adani Group, one of the world’s largest coal-mining companies, is building the plant. People familiar with the project reportedly said the plant is eligible for tax breaks, as India’s commerce ministry has designated the region as a special economic zone, and the plant as an export industrial facility. BPDB said Bangladesh currently gets about 56% of its power generation from natural gas, with oil and diesel providing most of the rest. Coal currently accounts for just 3% of the country’s generation.

The Bangladesh government has said it wants to increase the country’s use of coal-fired power, with plans for half the country’s generation to come from coal by 2030. It also plans to import more electricity from neighboring countries, increase its imports of liquefied natural gas, and develop renewable resources such as solar and wind. The new plant is expected to use imported coal, which Adani could source from its mines in Indonesia, Australia, or South Africa, according to reports.

Idaho Power Deal: Solar at 2.2 ¢/kWh

Idaho Power recently announced an agreement to buy 120 MW of solar energy at a price the utility said is among the lowest that has been publicly reported in the U.S. The utility signed a 20-year power purchase agreement with Idaho-based Jackpot Holdings to purchase the power at $21.75/MWh, or just less than 2.2 ¢/kWh. The deal takes advantage of a federal solar investment tax credit, which is scheduled to phase out in coming years.

The agreement also includes the possibility of Idaho Power buying power from a proposed expansion of the solar farm near Twin Falls, Idaho, at a slightly higher price. Idaho Power also could buy the solar plant. “Today’s announcement reflects Idaho Power’s commitment to resources that balance environmental stewardship with affordability and reliability,” Idaho Power President and CEO Darrel Anderson said on March 26. “This deal will provide energy that is not only clean, but is also at a cost that benefits our customers.”

The agreement will help Idaho Power replace generation from the North Valmy coal-fired plant in Nevada, which Idaho Power co-owns with NV Energy. Idaho Power has announced a plan to generate 100% of its power from “non-emitting” resources by 2045, and plans to divest its remaining coal-fired holdings at three plants, including North Valmy. The solar project will connect with an existing transmission line from the North Valmy plant.

Waste-to-Energy Plant Planned in Bataan

The provincial government of Bataan on April 5 said cocopower, a UK company, is behind a proposed 100-MW waste-to-energy power plant project in the Freeport area of Bataan, in Mariveles in the Philippines. Crisanta Garcia, vice governor of Bataan, told the Philippine News Agency (PNA) that cocopower CEO David Wood has secured $500 million in funding for the project and construction could start as early as May.

Garcia told the PNA, “It will be the first such technology converting solid wastes to energy in Bataan.” Wood told the PNA the plant would operate under a public-private partnership with little to no cost for the provincial government, other than providing about 37 acres of land for the project. Wood said the project would use Australian technology and is designed to replace coal-fired generation in Bataan.

“It is green energy to replace coal,” he said. “The technology will solve environmental problems.” Wood said it would need about 1,500 tons of garbage each day in the first, 50-MW phase of the project. Edgardo Rivera, CEO of Disruptive Corp., the company providing the plant’s technology and equipment, said the facility will comply with the Philippines’ Solid Waste Management Act.

—POWER staff (@POWERmagazine).

[behuge] 14/4/2019 12:20

POWER Notebook: New 1,600-MW Coal Plant in India; Low-Price Solar Deal in Idaho
04/07/2019 | POWER
PRINT MODE : OFF
Save to myPOWER
Financing has reportedly been secured for a 1,600-MW coal-fired power plant in India’s eastern state of Jharkhand. Qatar’s Gulf Times newspaper reported April 6 that Power Finance Corp., a state-run lender in India, and its subsidiary REC approved a $1.5 billion loan for the project. The report said the new plant would be funded through loans and equity, with Power Finance and REC covering the entire cost of the project, which Bloomberg estimated at just more than $2.1 billion.

The plant is being designed to sell power to Bangladesh through a power purchase agreement with the Bangladesh Power Development Board (BPDB). Adani Power Limited, part of India’s Adani Group, one of the world’s largest coal-mining companies, is building the plant. People familiar with the project reportedly said the plant is eligible for tax breaks, as India’s commerce ministry has designated the region as a special economic zone, and the plant as an export industrial facility. BPDB said Bangladesh currently gets about 56% of its power generation from natural gas, with oil and diesel providing most of the rest. Coal currently accounts for just 3% of the country’s generation.

The Bangladesh government has said it wants to increase the country’s use of coal-fired power, with plans for half the country’s generation to come from coal by 2030. It also plans to import more electricity from neighboring countries, increase its imports of liquefied natural gas, and develop renewable resources such as solar and wind. The new plant is expected to use imported coal, which Adani could source from its mines in Indonesia, Australia, or South Africa, according to reports.

Idaho Power Deal: Solar at 2.2 ¢/kWh

Idaho Power recently announced an agreement to buy 120 MW of solar energy at a price the utility said is among the lowest that has been publicly reported in the U.S. The utility signed a 20-year power purchase agreement with Idaho-based Jackpot Holdings to purchase the power at $21.75/MWh, or just less than 2.2 ¢/kWh. The deal takes advantage of a federal solar investment tax credit, which is scheduled to phase out in coming years.

The agreement also includes the possibility of Idaho Power buying power from a proposed expansion of the solar farm near Twin Falls, Idaho, at a slightly higher price. Idaho Power also could buy the solar plant. “Today’s announcement reflects Idaho Power’s commitment to resources that balance environmental stewardship with affordability and reliability,” Idaho Power President and CEO Darrel Anderson said on March 26. “This deal will provide energy that is not only clean, but is also at a cost that benefits our customers.”

The agreement will help Idaho Power replace generation from the North Valmy coal-fired plant in Nevada, which Idaho Power co-owns with NV Energy. Idaho Power has announced a plan to generate 100% of its power from “non-emitting” resources by 2045, and plans to divest its remaining coal-fired holdings at three plants, including North Valmy. The solar project will connect with an existing transmission line from the North Valmy plant.

Waste-to-Energy Plant Planned in Bataan

The provincial government of Bataan on April 5 said cocopower, a UK company, is behind a proposed 100-MW waste-to-energy power plant project in the Freeport area of Bataan, in Mariveles in the Philippines. Crisanta Garcia, vice governor of Bataan, told the Philippine News Agency (PNA) that cocopower CEO David Wood has secured $500 million in funding for the project and construction could start as early as May.

Garcia told the PNA, “It will be the first such technology converting solid wastes to energy in Bataan.” Wood told the PNA the plant would operate under a public-private partnership with little to no cost for the provincial government, other than providing about 37 acres of land for the project. Wood said the project would use Australian technology and is designed to replace coal-fired generation in Bataan.

“It is green energy to replace coal,” he said. “The technology will solve environmental problems.” Wood said it would need about 1,500 tons of garbage each day in the first, 50-MW phase of the project. Edgardo Rivera, CEO of Disruptive Corp., the company providing the plant’s technology and equipment, said the facility will comply with the Philippines’ Solid Waste Management Act.

—POWER staff (@POWERmagazine).

[ciao4niao] 13/4/2019 19:44

This is an extract from the Annual Report:-

"Outlook

Over the coming months, the GCM team is looking forward to progressing negotiations with a large international coal mining company to partner with the Company in mine development, to work with its partners to finalise the submission to the Government, and then consult with the Government to finalise an agreeable proposition which is amenable to all parties."

Does anyone agree that it appears from that statement by Michael Tang that the "submission" to the GoB is in fact the Scheme of Development on which the Green Light is given or denied?

If so, then it appears that the "submission" is still some way off as there is still much to do to include the partnership of the "large international mining company" on which the whole project is dependent.

Any rational and intelligent answers would be appreciated.