Gcm Resources Share Discussion Threads

[johnnyrambo1] 27/6/2020 08:18

People starts to open the eyes ....after two decades of promises....

rickyroman
Posts: 649
Price: 17.00
No Opinion
...not looking good..Fri 17:58
..I think we had all better be prepared for some 'disappointing new; over the next week or so. Having looked at various SE Asian articles on-line, there seems to be a growing consensus that 'overcapacity' in the power sector is now the issue and particularly with Bangladesh.
A hopeless energy policy has meant 50% of the oil-fired generating capacity is standing idle and the emphasis is now on winding down future coal generation and a switch to LNG.
Its difficult to accept this may be the case but the lack of information and the ability of the Banglas to chop and change like the wind is worrying - we should have heard news by now. Korea and Japan have both pulled out of coal-fired generation finance, leaving just the Chinese to push on with this fuel type..
Out of five large AIM resource companies which were in my portfolio. four have gone bust over the last five years, I now worry about the fifth, GCM.
Hope for the best, prepare for the worst.

[mickmack] 26/6/2020 23:07

johnnyrambo126 Jun '20 - 14:47 - 42791 of 42791 (Filtered)

Shut up usedjohnny you bore.

Take the weekend off you clown. Nobody reads the lies you post, we all know its just yet more verbal diarrhoea. Day after day. Night after night.

[johnnyrambo1] 26/6/2020 14:47

Friday news for gcm are on the way. Coming from china 😂😂😂

[jayvipert21] 26/6/2020 14:32

Lmao @ UsedJohnny ha ha ha

Just about sums him up that mate.

[mickmack] 26/6/2020 14:27

Poor usedjohnny posting more lies. He just doesnt stop posting lies all day long. What a waste of a life.

[johnnyrambo1] 26/6/2020 13:01

And Inovio up again today. Listen to Johnney if you want to make money

[jayvipert21] 26/6/2020 12:58

Listen if they guy is gonna poke fun at my daughter's medical condition its tells you all you need to know about what kind of individual we are dealing with.

To think people are then going to take investment advice from him because he has claimed to have made money shows how disillusioned he really is.

[mickmack] 26/6/2020 12:44

Ha ha Jay hes a fruit case, he's even making up posts now that he never posted! What a liar! Absolute clown 🤡🤡 😂😂😂😂

[johnnyrambo1] 26/6/2020 11:38

Coal in Phulbari is NOT for Your lifetime folks

Always listen to Johnney if u want to make money 😂😂😂

[jayvipert21] 26/6/2020 11:30

Mick I've put him on filter mate.
I read the words 'always listen to JohhnyRambo' and literally burst out laughing.

Disillusioned social misfit!

[johnnyrambo1] 26/6/2020 11:16

always listen to Johnny....this is the friday news..

« The Minister said that the power system master plan will be reviewed to lay priority on developing LNG-based power plants instead of coal-fired plants under the new reality that arose after the coronavirus situation. »



Overcapacity in power generation proves inefficiency in policy making

Friday, June 26, 2020


Print
EXPERTS asked for deferring future coal-fired power plants to cope with overcapacity in the country's overall electricity generation. For trimming down dependency on expensive oil-fired power plants, they also advised to send such power plants retirement to reduce overall electricity generation costs and boost up the national economy. The government should renegotiate with independent power producers (IPPs) about the terms and conditions for different types of payment, including capacity payment, given the changing power demand, particularly at the time of Covid-19 and post-Covid-19 period. Bangladesh has 40 per cent overcapacity in power generation, for which the government has to spend Tk 94 billion as capacity payment to the private power producers.
Generally, any country keeps 25 per cent reserve capacity for stable power supply, while it is 10 per cent in the developing countries. It was 63 per cent in April in Bangladesh. The overcapacity in generation will go up further, if the planned coal-fired power plant projects are implemented. The growing overcapacity and inefficiency in power sector are creating fiscal pressure on the government. Such pressure has increased during the Covid-19 period, and will increase further in the post-Covid period. The Covid-19 has provided an opportunity to review existing approaches, operations, management, cost and return of ongoing power generation, distribution, transmission and other related activities.
Experts recommended annulling the Speedy Supply of Power and Energy (Special) Act as it was the root cause of inefficiency in power sector. The government should go for introducing merchant power plant policy now to replace the existing IPP policy. Despite incurring colossal pressure on national exchequer, Minister Nasrul Hamid said the three under-construction coal-fired power plants at Payra, Matarbari and Rampal will be implemented as per the initial plan. Of the three plants, the first unit, having 660-MW capacity, has already come online, whereas oil-fired rental power plants have started retiring since last year. The Minister said that the power system master plan will be reviewed to lay priority on developing LNG-based power plants instead of coal-fired plants under the new reality that arose after the coronavirus situation.
The government is the trustee of the people and can spend from the national exchequer, impose tax on citizens for their benefit only. Wasting is not acceptable for profiteering any vested quarters.

[johnnyrambo1] 26/6/2020 11:01

At the time of recommendation was 15.79 usd NOW 31.25 usd

Always listen to Johnnyrambo...

[johnnyrambo1] 26/6/2020 11:00

johnnyrambo1 - 20 May 2020 - 18:25:17 - 42073 of 42781 GCM - Long termers, banter & research - GCM
Inovio pharma boom today another 15% in 3 days. The way to do dollars baby

[mickmack] 26/6/2020 10:59

What motivates Behugejohnnyrambo to post on here all day when he claims hes not even invested. Is he a bot? Or just a sad lonely clown 🤡🤡

[johnnyrambo1] 26/6/2020 10:57

Boys and girls if you had listened to me few weeks ago about Inovio....booooommm

johnnyrambo1 - 20 May 2020 - 18:25:17 - 42073 of 42781 GCM - Long termers, banter & research - GCM
Inovio pharma boom today another 15% in 3 days. The way to do dollars baby

[johnnyrambo1] 26/6/2020 10:55

One of the symptoms of t21 is :

Talking alone.....family affair 😂😂😂

JayViperT2126 Jun '20 - 10:25 - 42777 of 42777 (Filtered)

[johnnyrambo1] 26/6/2020 10:11

16.45p

Down, down

And polo resources 2.15 -5%

[johnnyrambo1] 26/6/2020 10:11

T21 left the building?

Hahahaha

[johnnyrambo1] 26/6/2020 09:01

Still no news.

Tick tock