Gcm Resources Share Discussion Threads

[behuge] 23/5/2019 16:36

Great buys for BEHUGE today. Will repeat and accumulate tomorrow again or on any weakness. GCM will BEHUGE

[jayviperjayviper] 23/5/2019 16:24

Looks like both boards are overrun with clueless repetitive morons.

Mick Bax and myself are clearly outnumbered.

[behuge] 23/5/2019 15:58

Great buy for BEHUGE today. Gonna be MASSIVE

[mickb1234] 23/5/2019 15:45

Yes 888 and price has dropped to 23p.......do you have a point to make?

[888icb] 23/5/2019 15:38

A 155000 BUY that took place at 13.30 popped up late. A sizable amount costing £37000.

[cpap man] 23/5/2019 14:56

KAV



Some nice words in the morning note from the highly respected mining analyst John Meyer at share price Angel ref: LSE:KAV / www.kavangoresources.com /Tw*tt*r = #KAV



Kavango Resources (KAV LN) 3.6p, Mkt Cap £5.7m – Laws of probability to be rewritten after Kavango strikes mineralisation in first and second drill holes under Karoo sand in Botswana

Kavango, which is exploring for a large-scale bushveld igneous-type mineralisation reports results from a second drill hole in Botswana.

The team which are highly experienced in the geology of the region have used geophysical data and remote sensing to establish drilling locations.

Remarkably, the first drill hole hit mineralisation under the sandy Karoo sediments
Even more remarkably the second drill hole is reported to have also hit mineralisation including copper in chalcopyrite with a 1.5% XRF gun reading. X-Ray Frequency gun readings are not considered to be reliable due to their potential for miss-reporting but we do place some value on the readings when in the honorable hands of Messrs. Foster and Moles.

The first drill hole hit a 200m zone of intensely altered rock with indicative cobalt values of up to 0.9%, averaging 0.2% cobalt and >70m of elevated copper, zinc, lead and nickel values.

Conclusion: Kavango is worth watching and we await results from drill core assays. While we never doubted the skill of the geological team we are surprised and impressed to see two sets of mineralised results in so short a time frame. Well done team!

[behuge] 23/5/2019 14:32

Added more today. GCM Gonna be HUGE

11:15:16 23-May-2019 23.15 GBX 70,000 16,205.00 Off-book

[baxtea1] 23/5/2019 14:26

Anyway, nothing to see here.

I’m offski for the weekend, have fun with your family, or your goats if you’re that way inclined.

[mickb1234] 23/5/2019 14:15

Behuge - 23 May 2019 - 12:06:21 - 33165 of 33169
Bought more 23.15. This is a gift. GCM is gonna be MASSIVE

That trade for 81 shares is the only 1 showing at 23.15.

That just about sums up the relevance of Behuge Bellend 😂😂😂😂

[rinato5] 23/5/2019 13:22

Behuge, can ask you what is your average on this? It seems you are heavily invested here.

[behuge] 23/5/2019 12:22

As usual will finish in the same range. Every weakness is good to add. Massive news on the way

[behuge] 23/5/2019 12:06

Bought more 23.15. This is a gift. GCM is gonna be MASSIVE

[behuge] 23/5/2019 10:30

GCM green light in approach

[mickb1234] 23/5/2019 10:16

23p now Baxy. Proposal was supposed to go in to Hassina on 29th Feb. 3 months overdue now. No news on the miner either. Why couldn't the proposal be offered with a miner talks ongoing. Original CFA with CGGC was March 2018. Has this now expired? Certainly the financials will no longer be relevant. The fabled GL is not looking any closer at all, just carrot after carrot being dangled to keep the gravy train running.

[behuge] 23/5/2019 09:05

The only option COAL FROM PHULBARI

When import is costly, coal-fired power plant generates costly power!
Mushfiqur Rahman | Published: May 22, 2019 20:59:40

Photo: bdnews24.com
Bangladesh-India Friendship Power Company Limited (Rampal power plant) has invited international bids for coal transportation including transhipment for the 1320 MW coal-fired power plant at Rampal, Bagerhat. The international bidder is required to transport coal from designated load ports to offshore transhipment sites and arrange transhipment facilities to unload the coal and further transport it to the power plant site using self-propelled barges. The bidders are to submit their bidding documents by June 19, 2019.

The Bangladesh-India Friendship Power Company Limited (BIFPCL) is the first among three major under-construction coal-fired power plants in the coastal areas of Bangladesh (Matarbari 1200 MW, Payra 1320 MW and Rampal 1320 MW) to invite such bidding. Although it was said that the first 660 MW unit of the 1320 MW Payra power plant (BCPCL) would start producing power within 2019 with imported coal, power generation from Payra coal-fired power plant is likely to be delayed. Neither Payra nor Rampal power plants have their coal terminal ready and none of them has jetty or ports which can accommodate ocean going large coal carrying ships. Therefore, it is the only option for BCPCL (and Payra coal-fired power plant) to try to invite internationally experienced companies who can render services to the power company (NWPGCL-CMC China) to transport coal using both ocea- going ships (like Handimax, Panamax or Cape). The service company should also facilitate to unload coal at the open sea using transhipment facilities and further transport them by small self propelled barges to the plant site. Such barges should have the capacity to sail in the shallow waters from the sea to Harbaria channel and through the river systems to Rampal power plant jetty. The transportation is likely to be targeted from Indonesia (load port) to the power plant site. No doubt, the coal transportation cost will be high, especially for their multiple handling and for utilisation of mixed mode of transports. Also the Rampal and Payra coal-fired power plants will have to match their coal importation schedules with weather behaviour in the Bay of Bengal (notorious for its cyclone frequency). The Bay of Bengal hosts major atmospheric depressions and tropical cyclonic storms during May-November each year. Therefore, transhipment of coal from the large ocean-going vessels (with cargo carrying capacity of 40,000 tonnes to 120,000 tonnes) in the open sea to the small vessels has to be carefully planned to avoid demise of the cargo and the carriers. No doubt the international coal and bulk cargo transportation companies will add additional charges for the risky operations to deliver coal in the Bangladesh coast lines.

Unlike Payra and Rampal power plants, the Matarbari 1200 MW under-construction coal-fired power plant has included the excavation of a 14.3 km long, 250m wide and 18.5 meter deep channel and construction of a coal jetty in its contract signed in July 2017. The land development works for the power plant has been progressing and the first unit (600MW) of the power plant should come into operations in January 2024 followed by the second unit (600MW) in July 2014. As reported, 70 per cent work for land development and channel excavation has been completed and the coal jetty construction work would be completed in 2021. Once completed, the coal jetty can facilitate import of 4 (four) million tonnes of coal to feed the Matarbari 1200 MW power plant annually. With additional investment, the capacity of the coal jetty can be enhanced to facilitate larger volumes of coal import for supplying them using conveyor belts (for example, for the planned coal-fired power plant at Maheshkhali). The 18.5-metre deep and 250m-wide long channel will enable the Matarbari coal-fired power plant authority (Coal Power Generation Company Bangladesh Ltd-CPGBL) to import coal using ocean-going vessels having carrying capacity of 80,000-120,000 tonnes. Such large ships can significantly reduce coal-carrying costs and avoid the requirements for transhipment in the open sea.



It is a common knowledge that there is an additional cost involvement for operating coal-fired power plants due to the environmental concerns and compliance needs. However, public and private companies opt to use coal as major fuel for power generation due to its comparative cost advantages over LNG and liquid fuels. But due to certain limitations in planning and its implementation, two imported coal-based power plants, Payra and Rampal have proceeded without construction of coal terminal and port channel to allow large coal-carrying vessels. This may prove to be costly. This will result in the coal-fired power plants which import coal using small barges and involve transhipments and multiple handling, generating costly power.

Mushfiqur Rahman is a mining engineer and writes on energy and power issues. [e-mail]

[behuge] 23/5/2019 09:03

GCM is gonna BEHUGE. News COMING