Gcm Resources Share Discussion Threads

[behuge] 10/7/2019 08:26

Morons on LSE claiming every day that GCM/Phulbari is not mentioned. It will be when the proposal will be submitted and this will BEHUGE

[baxtea1] 10/7/2019 08:21

GPback
Posts: 6,195
Price: 20.25
No Opinion
RE: Orders going to be filled?09 Jul 2019 20:42
I’ve bought continuously for coming up 3 years gooner.


Shrewd investing there moron. What about the other 9 years you’ve been claiming to top up as well? Not surprising you ramp so much

[baxtea1] 10/7/2019 08:18

GPback
Posts: 6,195
Price: 20.25
No Opinion
RE: Orders going to be filled?10 Jul 2019 07:37
Sounds good.

hxxps://dailyasianage.com/news/185910/dhaka-beijing-economic-ties-at-new-heights



Moron

[behuge] 09/7/2019 19:09

Change the words Adani, Australia and Carmichael by GCM/Powerchina, Bangladesh and Phulbari. The story is the same

Indian billionaire defends controversial coal mine in Australia
Gautam Adani says renewable sources won't meet India's energy needs in spite of criticism the mine produces poor coal.
by Rajesh Kumar Singh, Anurag Kotoky and Debjit Chakraborty • Bloomberg
14 hours ago
'We entered Australia with two overarching goals; contributing to energy security in India and creating job opportunities for the locals,' says Gautam Adani [Adeel Halim/Bloomberg]
'We entered Australia with two overarching goals; contributing to energy security in India and creating job opportunities for the locals,' says Gautam Adani [Adeel Halim/Bloomberg]
The Indian billionaire behind the controversial Carmichael coal mine in Australia is hitting back at criticism the endeavor will be both unprofitable and too dirty.

In an interview in New Delhi, Gautam Adani took aim at two major faults opponents have flung at the development: that the mine's low-quality coal won't earn enough money to justify his $2 billion investment, and that the world must abandon the fuel in favor of renewable energy to avoid catastrophic climate change.

"If the project wasn't viable, we wouldn't have pursued it," said Adani, whose net worth of $9.8 billion makes him India's sixth-richest person, according to the Bloomberg Billionaires Index. "Renewable energy is good for the nation, but it can't meet our baseload power needs."

Adani bought the resource in Australia's Galilee Basin in 2010 as Indian companies rushed for overseas energy supplies amid forecasts of booming demand. But as coal prices fizzled through the first half of the decade, Carmichael's output - closer to lower-quality Indonesian coal than the high-value varieties Australia is known for - is seen unable to fetch a price strong enough to be profitable.

"The commerciality of Adani's Carmichael mine remains challenging given the significant capital spend and low-quality thermal coal product expected from the mine," said Brent Spalding, a principal analyst at Wood Mackenzie Ltd.

Climate warnings
Australia's Newcastle coal, a benchmark in Asia, would need to rise above $100 a metric ton, from about $78 now, for Carmichael to break even, according to Spalding.

Carmichael, which cleared final state approvals last month, will open up a new mining basin in the Australian outback amid increasingly dire warnings of the need to cut carbon emissions to avoid the ecological and economic havoc of climate change. Though coal is the most carbon-intensive fossil fuel, Adani has found a relatively friendly host country in Australia, where the economic heft of the resource industry helped re-elect a pro-coal federal government and overcome staunch opposition from environmentalists.

"We entered Australia with two overarching goals; contributing to energy security in India and creating job opportunities for the locals," said Adani, 57, who started as a diamond trader in Mumbai before setting up Adani Group in 1988. His conglomerate - spanning ports, energy and mining - has become one of India's key infrastructure service providers, while also venturing overseas.

Surplus generation
Coal's use has been on the decline in Europe and the U.S. amid cheaper alternatives and pressure to ditch the most-polluting fossil fuel. Yet it dominates power production in much of Asia, a position it's expected to sustain despite a boom in cleaner sources, such as wind and solar, as energy demand continues to grow.
Adani said the board approved 10 million metric tons of annual output from Carmichael's first phase, which will head to his power plants in India, including Mundra and Godda. Adani Group is headquartered in Gujarat the state where current Prime Minister Narendra Modi served as the chief minister for little over a decade before he swept national elections in 2014.

India's per-capita consumption of electricity "is way below the global average," Adani said. "India's development is linked to the availability of more power. And coal will play a big role in this as a baseload supplier."

India's challenges supplying reliable power to every home have been more about distribution than whether it has enough power plants or coal. The nation already has a surplus of generation capacity, but it's money-losing, debt-saddled state utilities struggle to purchase and distribute enough power, leaving some power stations shuttered and homes in the dark.

When the company decides to raise the capacity of Carmichael - peak annual capacity is now seen at 27 million tons, down from an original 60 million - it will explore selling washed coal to buyers in Japan and Korea, according to Adani. Construction has already begun, he said, reiterating the company's two-year timeline for first output.

"The need of the hour," Adani said, "is to get started."

[behuge] 09/7/2019 17:27

GCM will BEHUGE

o Saves on significant FOREX outflow (also reducing current fuel imports).o Frees limited natural gas for more strategic uses such as থে production of fertiliser and petrochemicals.
o Creates up to 50,000 new jobs in Bangladesh.
o Provides security of supply and reduces exposure to world market forces (National Security).
o Develops the skills and experience in the Bangladesh workforce and will enable mining approaches to be translated to discover and develop other coal deposits.
o Alleviates poverty in the Dinajpur District and surrounding areas.
o Provides in excess of US$20 billion to GDP.
o Provides in excess of US$7 billion in taxes/royalties to the Government.
o Stimulates development in the Dinajpur region – housing, schools, medical facilities, community centres, utility supplies, new and supporting industries related to coal and co-products from the mine.
o Enhances food security by improving agricultural output by providing all-year irrigation water, farm management training and improved inputs and product marketing.
o Enables the development of various industries, eg. cement, glass, construction materials, ceramics, pottery and bricks from valuable industrial co-products.
o Allows the synergy between the Barapukuria and Phulbari coal mines to be appreciated.
o Will provide the lowest tariff power when utilised in mine-mouth power plants that eliminate costly coal handling and transport costs.
o Provides security of supply all year round as based on locally extracted coal.

[behuge] 09/7/2019 17:25

GCM july is the month

[888icb] 09/7/2019 14:29

8 trades and volume of 88000 makes it another slow day so far as investors await some real news to be reported by RNS.

[behuge] 09/7/2019 11:30

GCM proposal will be based on this

o Saves on significant FOREX outflow (also reducing current fuel imports).o Frees limited natural gas for more strategic uses such as থে production of fertiliser and petrochemicals.
o Creates up to 50,000 new jobs in Bangladesh.
o Provides security of supply and reduces exposure to world market forces (National Security).
o Develops the skills and experience in the Bangladesh workforce and will enable mining approaches to be translated to discover and develop other coal deposits.
o Alleviates poverty in the Dinajpur District and surrounding areas.
o Provides in excess of US$20 billion to GDP.
o Provides in excess of US$7 billion in taxes/royalties to the Government.
o Stimulates development in the Dinajpur region – housing, schools, medical facilities, community centres, utility supplies, new and supporting industries related to coal and co-products from the mine.
o Enhances food security by improving agricultural output by providing all-year irrigation water, farm management training and improved inputs and product marketing.
o Enables the development of various industries, eg. cement, glass, construction materials, ceramics, pottery and bricks from valuable industrial co-products.
o Allows the synergy between the Barapukuria and Phulbari coal mines to be appreciated.
o Will provide the lowest tariff power when utilised in mine-mouth power plants that eliminate costly coal handling and transport costs.
o Provides security of supply all year round as based on locally extracted coal.

[baxtea1] 09/7/2019 10:23

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Price: 20.25
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Orders going to be filled?09 Jul 2019 09:32
Looking forward to any dip!!!!


Really. So why do you spend your whole life on a bulletin board trying to ramp the share price up???

Weird

[behuge] 08/7/2019 19:54

Agree. No volume as every day. Hasina cannot make an announcement on a project that has not yet been submitted...

[icb888] 08/7/2019 19:46

Market was quiet today with only 187000 traded. I wasn’t expecting Hasina to make an announcement about Phulbari on her trip. The general situation however is conducive to it getting the green light as part of the Belt and Road initiative.

[behuge] 08/7/2019 16:47

How morons are people on LSE. How can Sheikh Hasina name a project that has not yet been submitted ?? The intention is to add power to the country. Now second step is to submit proposal which will be done shortly. Many people should return to their daily job (windows cleaning, crane driving, dj’ing, .... instead of thinking that they know how international businesses are concluded. I’m going back to my pool for now.

[behuge] 08/7/2019 16:10

Proposal coming soon. GCM’s gonna be MASSIVE

[behuge] 08/7/2019 14:04

July is GCM month. News on the way. « Cooperation on POWER »

Bangladesh and China signed nine instruments, including two loan agreements, for further strengthening cooperation on power, water resources, culture and tourism sectors as well as for providing 2,500 metric tonnes rice for the displaced Rohingyas.

[behuge] 08/7/2019 13:30

Bangladesh Market gonna BEHUGE

Steps taken to make capital market vibrant: PM

Prime Minister Sheikh Hasina. File photo
UNB, Dhaka
Prime Minister Sheikh Hasina today said her government has taken various steps to ensure a vibrant capital market that will supplement its efforts to make Bangladesh a developed country by the year 2041.

"Various measures are being taken to protect the interests of investors which will ensure a conducive environment for a vibrant capital market," she said.

The prime minister said this while inaugurating a regional seminar on 'Financial Literacy and Investment Protection'.

The Bangladesh Securities and Exchange Commission (BSEC) and the Asian Development Bank (ADB) jointly organised the seminar at Pan Pacific Sonargaon Hotel here.

Sheikh Hasina said industrialisation is the key to employment generation in the country and it requires investors from home and abroad along with the investment capital.


The prime minister said the government believes that the capital market can play an important role in generating new entrepreneurs and investors through creating partnership with the common people.

"The more people will get involved in the capital market the more it'll accelerate our industrialisation process."

She said the present government is also working on creating a strong capital market, which will meet the long-term financing needs to the investors.

Hasina said, "In2019-20 fiscal year, the limit for tax-free dividend income has been raised from 25,000 to 50,000 for the investors in the market while a number of different bonds, including fixed income financial product, have been issued at our initiative while two rules have been adopted on Short Sale and Risk-based Capital Adequacy. Our government has continuously extended its all-out cooperation through providing policy support, law amendments, infrastructure building for creating a stronger capital market."

She also mentioned that accountability and good governance has also been ensured to eradicate corruption at different levels in the capital market.

The prime minister mentioned that the government has taken initiatives for capacity building of the BSEC, including a new organogram with more human resources.

She said the government is implementing a promotional package successfully for protecting the small investors." Inculcation of the strategic investors has been guaranteed at the Dhaka Stock Exchange. An increased participation of local and foreign investors is observed to form venture capital and impact fund."

Hasina said a small capital plat form has been established at Dhaka Stock Exchange. As a result, she said, small and medium industries can enjoy the facility to receive capital and this will eventually create a great scope for enlistment of the start-up companies.

Mentioning that the capital market is still a retail investor-driven one, the Prime Minister emphasised making the capital market vibrant. "We need to increase the participation of institutional investors in our market."

She said a countrywide programme on investment literacy has been launched to create a knowledge-based investor community. By this time, Bangladesh Academy for Securities Market (BASM) has been established.

To reduce the risk of individual investors, she said, the BSEC is running country-wide investment literacy program. Under this programme, the BSEC has already arranged financial literacy programme at divisional level which will gradually be extended to district level.

"In fact, investors are the main driving force of the capital market. If investors take informed decision, it will, on the one hand, help reduce investment risk and on the other hand, it will also act as a supplementary element in ensuring stability of the market."

Hasina said the government believes that the knowledge and techniques of investment for all the related stakeholders of the capital market, including retail investors, will accelerate the process of financial inclusion. "Not only the small investors, all the stakeholders from different walks of life and policymakers in this regard should be well aware of this financial and investment tools and techniques to be included into this financial system."

ADB Country Director Manmohan Parkash and BSEC Chairman Dr M Khairul Hossain also spoke at the programme.

[behuge] 07/7/2019 19:42

July 7, 2019. Trump Still Thinks Coal Is The Future.