Gcm Resources Share Discussion Threads

[mickmack] 19/10/2020 08:34

How come PWhite never posted any of this 'information' on this bb before last Friday? It's amazing how so many experts are now posting. Speaking of which where has the illiterate idiot BoratBehugeUsedJohnnySilver gone?

[apfindley] 19/10/2020 08:33

That means he's either bought and wants to pump, or he's taking part in a placing and pumping it to forward sell shares to discharge his placing shares.This happens often on small companies, these same guys on twitter pump companies and then days later you hear a discounted placing which they've taken part in and have sold out already before their new shares are even issued.

[pwhite73] 19/10/2020 08:04

apfindley

Right up to the present Bangladesh had a policy of diminishing its use of coal power. Hasina was receiving support from climate change champions like Al Gore of the US. Indeed as it stands Hasina chairs some international organisation to bring about clean air. So it was a question of setting an international example. Coronavirus has changed all this. Its now a question of self survival. Nobody cares what happens to Bangladesh they all have their own post-Covid survival plans.

[mrshaungcm] 19/10/2020 07:41

Is ZAK Mir a pilot for NASA

[888icb] 19/10/2020 00:26

Let’s look at a recent comment on the share price. Zac Mir looking at the charts is predicting that the share price will rise towards 35p in the next few weeks. So let’s see how that pans out as we await further news which should not be far off based on the last RNS.

[apfindley] 19/10/2020 00:13

You couldve said those exact words 12 years ago and still thought you were right....people did, and 12 yrs later youre saying the same.

[invester2010] 18/10/2020 23:49

domestic coal is nwo the game here. GCM rns clearly states they are close to production in Bangledesh - so looks excellent from here.

basjers/ trols - and now go and get lost. They won't be able close their postions or be able to buy back. As its primed for 100% gap up on next update.

[invester2010] 18/10/2020 23:35

Great post Pwhite77! can see 50% upside from here before the next news due anytime now.

[pwhite73] 18/10/2020 22:50

Hot off the press from India. The largest and state owned coal producing company in India SECL is working on projects to bring coal closer to its power stations. This will result in the reduction of coal imports. And some people here think their neighbour Bangladesh which imports the bulk of its coal is not looking to reduce costs.



"SECL plans 8 projects worth Rs 3,100 crore for improving coal evacuation
The company said because of the move, there would be reduction in the cost of landed price of coal at generators end and retain the foreign exchange by substituting the coal imports with abundant domestic supplies.

PTI October 18, 2020, 16:37 IST

[pwhite73] 18/10/2020 21:23

NCYT which I thought was a complete dog of a share was trading at 9p last October 2019. One year later because of Coronavirus it is trading at 920p. Coronavirus has changed this world forever. Even if a vaccine is found some time next year it will be years before the global economy recovers. The fallout of the 2008 banking collapse is still being felt. Bangladesh like the rest of world is in serious financial trouble because of what Coronavirus has done to its economy. It has no option but to rely on its own resources for survival and whatever foreign investment it can attract.

[invester2010] 18/10/2020 20:36

past is not the future - Bangledesh wants thsi to go ahead...asap. You missing the point here, and feel sorry if you shorted. Buyers will back soon enough. As oversold, and also update rns expected at anytime now. lol.

[invester2010] 18/10/2020 20:34

Always asking yourself is local cheap coal in the interest of Banglesdesh as their main national power is comming from coal power plants. Do they want cheap inhouse fuel or expensive imports?....it is not rocket science to understand this.....

hxxps://www.share-talk.com/share-talk-bulletin-board-heroes-thursday-15th-october-2020/#gs.ih51re

[apfindley] 18/10/2020 20:10

12 years of stalemate..Thats so funny I have to paste it here too incase the rampers are afraid to admit they clicked it.........Stmnt re Share Price Movement Released : 20/06/08 09:01RNS Number : 1664XGCM Resources PLC20 June 2008PRESS RELEASE GCM Resources plc ('GCM')The Board of GCM notes the recent changes in the GCM share price and confirms that it is not aware of any new developments in its business or expectations to account for such changes.The Phulbari Coal Project, as described in the 2007 Annual Report, remains the priority for GCM and the Board of GCM is committed to receiving approval for the Scheme of Development. GCM notes the recent press reports that the Coal Policy is being finalised but GCM has not been notified of this. The Board continues to work positively with the Government of Bangladesh to gain approval for the project.GCM will advise the market on any substantive developments as and when communicated to GCM.

[longjohnsilver1] 18/10/2020 19:38

Big move at 35p hahahahahaha

Same shixx 12 years ago. Just a pump and dump

[invester2010] 18/10/2020 18:42

So what does large part of agreement completed - so whats left? signature.....or bangledesh agreement to proceed.

They do need cheap inhouse coal now, so expect Bangledesh to go the green ligh, so we get the netx rns land. too muhc interest in GCM now, after 110% rise, and nice correcton to key fib point. Expect 605 upside from here, before the next rns due veru shortly. glta.

Also note there alot of shorts here, so we can expect to go higher than 22p thsi time round.

[invester2010] 18/10/2020 18:39

"We are also pleased to report that a large part of the process towards finalising our strategic partnership with NFC and PowerChina has been completed."

The large part has been completed - so what you expect the next rns to be...:)for 25p.

Zak Mir has 35p on next follow-up. big moves ahead.

[apfindley] 18/10/2020 18:21

Back in the day...(cue uncle Albert 'during the war')...the price couldve hit ten quid easy. Although there were a lot less shares in issue, no loan notes, and the development was 700m mine capex and 100% ownership.Move ahead to 2020 and the share count has increased, there are 11p loan notes equivalent to 1/3 of the market cap, the project capex (mine+power plants) has ballooned to 9.7 billion..so ten quid is extremely unlikely now for gcm's part. On a very good deal and carried fully by the Chinese (assuming permits etc get issued and green light) then 2 quid is achievable. Do the maths with the loan notes issued and you'll see that's quite a good price still.

[longjohnsilver1] 18/10/2020 16:43

GP and his 10£ Target

[longjohnsilver1] 18/10/2020 14:38

The quality of the asset is the same for decade.

Sheikh Hasina never mentioned Phulbari.

Let’s wait another 10 years to see what it brings....

[apfindley] 18/10/2020 14:13

The quality of the asset or the need for it isn't really in question.The problem is who will end up owning and mining it.Gcm has been forced into a corner by the addition of the powerplants, and will be unable to avoid yielding most of the asset or being heavy diluted.

[malcolmyoung] 18/10/2020 12:18

One crucial fact that should not be overlooked, is the mining method to be used at Phulbari - Opencast (sometimes termed open pit) We have a single strata of coal at about 150 metres depth. Phulbari has the most accessible coal of the five fields in Bangladesh and the highest calorific value.
Opencast will allow them to mine all the seam safely and then backfill and landscape in years to come.
One superb leverage and one which will appeal to the green lobby, is the mining equipment now available - electric !
Caterpillar in the US have just launched a mining dumper truck which is entirely battery powered - this truck has a carrying capacity of 300 tonnes. The Chinese will have a copy of this within a year and the mine employees and locals, can wave goodbye to all that pollution from the diesel dumpers operating in the pit.

[apfindley] 18/10/2020 12:10

Which figures?The loan conversion price is 3.5million quid at 11p.The combined percentages on conversion at the price with what they already hold, plus dyani, plus the other consultant, comes to around 70%

[pwhite73] 18/10/2020 10:20

apfindley

Your figures are wrong but lets get back to discussing coal power. The reason why I think matters have changed is because Phulbari is what is termed as a mine-mouth power project. Meaning the coal is mined at the power plant. As of 2016 (the latest reliable figures) show Bangladesh produced 995,386 tons of its own coal, it consumed 2.099 million tons but imported 3.128 million tons. As can be seen from the data below Bangladesh imports its coal and exports none.




Imported coal is what is termed as seaborne coal. The three coal power stations that have recently been given the go ahead Rampal, Matarbari and Payra all use seaborne coal, they import their coal. Seaborne coal is becoming increasingly expensive and Bangladesh does not have the money to pay for it since Coronavirus devastated the economy.

Phulbari is their own coal and that is why I think given the current economy crisis the government is about to make an exception and give the green light to Phulbari and perhaps Phulbari only. That's why NFC and PowerChina are now making moves.