Gcm Resources Share Discussion Threads

[malcolmyoung] 11/3/2021 12:20

....27 power plants were slated so if 25 were cancelled, the flagship Phulbari project could still go ahead.
Is this a spectacularly clever PR announcement, the letter was sent to the Bangladesh government last month - since then we have had an upbeat announcement from Michael Tang. In addition, the letter referred to a $3.7 billion re-financing request with a change of usage for the funding.
$20 billion overhead for the import of LPQ and COAL - that is a a heavy cost to the country and a fully integrated coal mine / power station must be attractive to Beijing and the ability of Bangladesh to repay its debts.

[longjohnsilver1] 11/3/2021 11:27

No project


No more money soon


No financing by the chinese


No interest shown by GOBD



The last thing is a RNS confirming this, but first they will attract a bit more money from their beloved shareholders....



Hahahahahahaha it’s not gonna be huge

[longjohnsilver1] 11/3/2021 11:26

And in addition Nasrul Hamid says




NO COAL




The game is done

[malcolmyoung] 11/3/2021 11:16

Could go either way or is the decision already made:

It remained unclear, however, whether the embassy’s letter was merely a reflection of conditions in Bangladesh or a broader move away from coal, he added.

Bangladesh government support for the energy sector has become a financial burden amid overcapacity of power plants and the rising cost of coal imports.

Beijing has yet to publicly declare an intent to curb overseas coal power development, and that its failure to do so could hold back the transition towards renewable energy in BRI countries that look to China for financing.

[longjohnsilver1] 11/3/2021 10:27

But ....This is the END




But some idiots will still believe for sure


Who will give the money for the massive project? The clown team maybe...hahahahahahaha


China turns its back on Bangladesh BRI coal projects

Beijing’s decision a rare signal of reluctance to fund polluting projects in Belt and Road Initiative

[longjohnsilver1] 11/3/2021 09:39

And don’t worry girls



The chinese are on board




And will save the planet and the company



Hahahahahahahaha

[longjohnsilver1] 11/3/2021 09:13

Chip chop hahahahahahaha



Still waiting?

You don’t know how to make money and you never will

[saveloyandchips] 11/3/2021 09:09

Personal swipes at my family? You really are a pathetic idiot.

[longjohnsilver1] 11/3/2021 08:45

No project yet ???


This year or in ten years time??



This question has not been raised at the agm

[malcolmyoung] 11/3/2021 08:38

...another excellent find from LongJohnHarveyProctor, the cancellation of the Barapukuria coal mine extension.
With recovery rates of just 10% from the longwall underground mining method and the recovered coal then stolen by the employees, it sounds a vey sensible move.
Gazaria was never a serious option , just a pipe dream by Hamid.
In case anybody wants to know where LongJohn is today - N2 9AG Hampstead Cemetery, Ask for him at the Crematorium Office or look out for him lurking amongst the gravestones, ha ha ha £10 ha ha ha

[longjohnsilver1] 10/3/2021 23:50

Mickey mouse is not to bed yet i smell him posting after me


What is the clown saying.....surely gcm will be huge



Hahahahahahahahahaha

[longjohnsilver1] 10/3/2021 23:22

Watch what Longjohn bought today talking about making money. AVEO boooooom tomorrow

[longjohnsilver1] 10/3/2021 23:19

Don’t tell me it’s your dad chip chop

[longjohnsilver1] 10/3/2021 23:18

Bye bye coal



Bangladesh formally axes two coal projects from Chinese funding list: A letter to the Bangladesh Government from the Chinese embassy in Bangladesh has reportedly stated China will no longer consider funding new coal mines and power stations. The letter was in response to the government notifying the Chinese Embassy it wanted to drop the proposed US$256.41 million expansion of the controversial Barapukuria coal mine and the proposed 350 MW Gazaria coal plant from a list of projects China agreed to consider funding. The projects were included on the list of projects to be considered as part of a memorandum of understanding signed during Chinese President Xi Jinping’s visit to Bangladesh in October 2016. In early 2020 the Rural Power Company proposed the cancellation of the Gazaria project due to strong public opposition. The Barapukuria mine has also long been strongly opposed by the local community.

[therealsatan666] 10/3/2021 22:58

She still doing 2s up for £8? Ha ha ha

[gridlock1] 10/3/2021 22:48

Talking of mums Longjohn,

Perhaps we can meet up, as I still owe your mum 2 quid from a while back.

[longjohnsilver1] 10/3/2021 21:53

Or your mummy?

[longjohnsilver1] 10/3/2021 21:07

Making money with your sister?

[malcolmyoung] 10/3/2021 20:58

State Minister for Power, Energy and Mineral Resources Nasrul Codpiece Lennon said in a strong Liverpudlian accent 'Power to the people, Power to the people, right on.'
Hamid also said that the use of coal will get massive priority in the coming PSMP as a study conducted by an North Korean firm found that use of local coal will be 100% feasible and commercially viable if we can park a few ballistic missiles in Bangladesh.......ahem...for power generation in the country, of course,

[saveloyandchips] 10/3/2021 20:23

...and making money idiot.