Gcm Resources Share Discussion Threads

[therealsatan666] 10/3/2021 11:58

I'm fishing blind here Mick but it certainly appears like we have ourselves a whopper here ha ha ha

[longjohnsilver1] 10/3/2021 11:34

False, Nasrul Hamid mentioned it. However, There has not been any official government statment regarding stepping in coal power


Response
Whilst there have been some articles reproduced in certain media outlets that mentioned coal-import-based power plants, there has not been any official government statement regarding stepping back from coal-power.

[longjohnsilver1] 10/3/2021 11:32

As well as polo



Delisted



Listen to Longjohn he knows everything

[longjohnsilver1] 10/3/2021 11:04

Another brilliant investment of 888ft


Is



FFWD



Hahahqahaqhahahahaha

[therealsatan666] 10/3/2021 11:03

Someone's cage appears to have been rattled. Thanks for your very indepth response 888

Yes MoneyMick I do belive this will Behuge soon enough.

[longjohnsilver1] 10/3/2021 11:00

Response
Generally, the GCM share price has experienced uplift following the various RNS announcements regarding milestone progress with our Development Partners. For instance, announcements of involvement of China Gezhouba Group Corporation (CGGC), PowerChina and China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd. have on several occasions seen the share price more than triple. However, these increases have not been sustainable and over a period of weeks to months the share price dropped to baseline levels. It is also apparent that since the COVID pandemic, the impact of such announcements has had a subdued effect on share price as has the recent announcement of the Company’s “Capital Reorganisation”;.



Means if you’re not so stupid you could have triplicate your money on each RNS


Brilliant reply

[longjohnsilver1] 10/3/2021 10:58

Question
In an RNS dated 18 May 2017, the company stated it believes that upon completion of each milestone, GCM's share price is expected to benefit from a significant re-rating. Please provide your opinion why this hasn't occurred; the share price currently stands at a multi-year low.

[longjohnsilver1] 10/3/2021 10:56

Furthermore




Official sources said the Power Division already initiated a move to cancel 12 coal-based power plant projects having total proposed combined capacity of 7,461 megawatts (MW) of electricity.

[mickmack] 10/3/2021 10:54

"The Company will make an RNS announcement as soon as its submission to the Bangladesh Government has been made."

Excellent. Won't be long now. Big news coming, GCM is going to be ENORMOUS! 😀

[longjohnsilver1] 10/3/2021 10:43

Very important news




State Minister for Power, Energy and Mineral Resources Nasrul Hamid also said that the use of coal will get a lesser priority in the coming PSMP as a study conducted by an American firm found that use of local coal will not be feasible and commercially viable for power generation in the country.

He said the global market of liquefied natural gas (LNG) is more stable than that of coal and the price of LNG is falling.

“That’s why we’ll lay emphasis on LNG import,” he told UNB.

[888icb] 10/3/2021 10:26

TRS666
No news is technically correct but I do think that the answers given to AGM questions last Friday has perhaps reminded investors how well this is progressing towards a final submission to GoB.

The Phulbari Coal and Power Project (PCPP) remains unchanged and is focused entirely on serving Bangladesh's domestic requirements, adhering to its policies and laws and supporting its development goals.
The Bangladesh Government recognises the importance of commercial fuel diversity for its power generation, however, at present it is heavily reliant on imported fuels, which exposes the country to inherent world- market risks in terms of maintaining supply and controlling cost. Their aim is to lift the country out of poverty and move through Middle Income to Developed Country status in next 20 years. To achieve this, it still needs to steadily grow its power generation capacity (efficient low cost power) to drive industrial development and create sustainable new well-paying jobs.
Despite stated aims by some developed countries to reduce their level of coal-power generation as part of their individually determined Nationally Determined Contributions (NDC) targets, the UN admits that economic development is crucial to support a country’s preparedness as the climate changes and that the “least developed countries”, such as Bangladesh, are in a special category.
PCPP will use high quality coal in mine-mouth HELE (high energy efficient low emission) power plants that will deliver a large amount of power at tariffs that will make its industries more competitive. This will help drive Bangladesh economic development and ability to deal with the effects of climate change. Note that for the year 2019 (immediately prior to the COVID pandemic and the worldwide economic slowdown) published figures indicate Bangladesh’s contribution to the world’s CO2 production was some 0.25 percent, i.e. Bangladesh is not a significant emitter. If PCPP’s full 6,000MW of power was being generated in the year 2019, Bangladesh’s contribution to the world’s CO2 production would still have been minimal at less than 0.35%.
The above is contained in a GCM statement on Friday and brings shareholders right update with progress to date.
It also said
The Company will make an RNS announcement as soon as its submission to the Bangladesh Government has been made.

[longjohnsilver1] 10/3/2021 10:24

Nobody wants this share price says it all

[longjohnsilver1] 10/3/2021 10:23

Remember folks



Puuuuuuummmmpppppp


And then


Duuuuuuummmmpppp

[apfindley] 10/3/2021 09:53

And there you have it."Tang and his cronies"At last mickey admits the truth

[888icb] 10/3/2021 09:43

Currently number 5 on the Leaderboard which is nice.

[longjohnsilver1] 10/3/2021 09:28

He also added



He said the global market of liquefied natural gas (LNG) is more stable than that of coal and the price of LNG is falling.




Enjoy your pump folks.

[therealsatan666] 10/3/2021 09:26

Up 36% in a few days on no news.

Fingers crossed a decent RNS may be incoming maybe.

Good luck guys its still wagging its tail ha ha

[888icb] 10/3/2021 09:16

Up again today currently Up 11.8% on volume of 214000. Imagine what is going to happen if volume kicks in.

[bobic] 10/3/2021 09:16

Yesterday it started rising from 0.1 to 1.5p end of the day
Today started at 0.25 times 1.5 gives 3.75p
That's should finish at 13.25p.Let's see.

[longjohnsilver1] 10/3/2021 09:15

The intrigue continues with 34’000 shares traded. Hahahaha can’t stop laughing


LifeOfBrian
Posts: 162
Price: 9.75
No Opinion
RE: GcmToday 09:11
Somebody just bought as the price has risen again (10.50 last time I checked) if this was you congratulations. The intrigue continues.....





With the volume involved today the company is saved hahahahahahahahahahahahahaha

Date Time Trade Prc Volume Buy/Sell Bid Ask Value
10-Mar-21 08:27:03 10.00 4,000 Buy* 9.50 10.00 400.00 O
10-Mar-21 08:26:54 10.00 10,000 Buy* 9.50 10.00 1,000 O
10-Mar-21 08:12:43 10.00 3,090 Buy* 9.50 10.00 309.00 O
10-Mar-21 08:00:21 10.00 17,050 Buy* 9.50 10.00 1,705 UT

[longjohnsilver1] 10/3/2021 09:11

And remember folks


State Minister for Power, Energy and Mineral Resources Nasrul Hamid also said that the use of coal will get a lesser priority in the coming PSMP as a study conducted by an American firm found that use of local coal will not be feasible and commercially viable for power generation in the country.

[longjohnsilver1] 10/3/2021 09:10

Pump it up pump it up