Gcm Resources Share Discussion Threads

[apfindley] 03/7/2021 17:54

You do know there is also wind ON LAND.Seriously there is. It might be hard for you to understand. They don't have to be offshore.

[malcolmyoung] 03/7/2021 17:40

Findley - you are the one short on brain cells. You fool, if the turbines don't turn, then there is no power generation. Why are there huge wind farms off Orkney and one sitting in the Channel off Worthing - its because they need decent, reliable wind speeds. - you need wind you half-wit, reliable wind.
The lack of speed (except in the cyclone season,) is the finding of the Bangladesh Energy Ministry, not my personal opinion.

[apfindley] 03/7/2021 17:16

Such a small group of morons invested here now.Mickey, Jay, malcolm,888.Exclusive butt-fuk'd club.The wannabe Asian boys looking silly

[apfindley] 03/7/2021 17:12

Wind speeds in the bay of bengal?Are you for real?Is power only usable at source?Location of wind turbines is completely irrelevant when fed into the grid.Oh dear. You really can't teach stupid...mickey is proof.

[malcolmyoung] 03/7/2021 15:42

You really are so stupid Findley - if you had done your research correctly, you would know that wind speeds in the Bay of Bengal are insufficient for wind turbine power generation.
Similarly, to get 500MW of solar power they have had to commission 4 square kilometres of solar panel for their solar farm. Doh - the locals will come along and nick them - will be like Bara - how do you monitor 4 square kilometres of solar panels - non-starter unless it is totally managed by the Chinese. COAL it is !!

[apfindley] 03/7/2021 15:32

And no, digging free coal from their own ground is not actually the cheapest energy.You really are stupid mickey. How's your 48p investment looking now at sub-7p.....OK I'll accept your average is reduced as you loaded up heavily at 20p too...OH DEAR.

[apfindley] 03/7/2021 13:22

No coal isn't the best solution for them.The cheapest energy is PROVEN to now be either SOLAR or WIND.You guys are really becoming desperate, wasting your time at the weekend.So funny.

[888icb] 03/7/2021 13:15

Exactly the Bangla’s can’t afford the dirty Indian coal and it is massively more environmentally damaging to transport dirty Indian coal and burn it due to its thermal inefficiency. The Phulbari coal is highly efficient and doesn’t have to be transported. Anyone with even the most basic knowledge of carbon footprints knows that the transporting of that Indian coal will make its carbon footprint horrendous.
Phulbari is the best energy solution for Bangladesh and the green light should be coming soon.

[malcolmyoung] 03/7/2021 12:53

....this is how the Bunglas get it so wrong and are always shafted. Interest to see the Indians are talking about shipping 20,000 tones of 'stinky, dirty' Indian coal every month tp Rampal. Slight problem - a 1000MW plant requires 9000 tonnes per day... that's a 1000MW plant, not a 1320MW plant and their rubbishy coal is not so thermally efficient. Bunglas need 270,000 tonnes per month and they have booked 10%. - I guess they could buy some of the coal which got stolen from Bara.
So here we go: Shockingly: a 1000 MW coal plant uses 9000 tonnes of coal per day, equivalent to an entire train load (90 cars with 100 tonnes in each!).Feb 24, 2019....ha ha ha £10 ha ha ha

[therealsatan666] 03/7/2021 12:23

Surely the cost of importing 20k tonnes every month will be quite a significant one.

If only there was a solution to not import coal...

Now what could that be?


Gcm hold that very solution.

Only a matter of time now boys

"It's coming home, it's coming home"

[therealsatan666] 03/7/2021 12:20

20'000 tones a month!

And I thought coal was dead?

Oh dear me. Team Fomo won't get a wink of sleep this weekend thanks to you MoneyMick ha ha

"Once the 1320MW Rampal plant runs in full capacity, "we expect that around 20,000 tonnes of Indian coal will be sent from SMP Kolkata to Bangladesh every month," it said.

According to Syama Prasad Mookerjee Port President Vineet Kumar, Kolkata has been declared as Bangladesh's hub for coal and inland water traffic with various incentives"

[mickmack] 03/7/2021 11:14

Bungla IMPORTING coal from India!

[mickmack] 03/7/2021 11:08

'The cancellation of these 10 projects will reduce the net generation capacity of these regions by 8451MW, resulting in likely power shortages by 2030'

Or maybe the plan is not 10 projects just 1 supersite project producing 6000MW.....

www.powerengineeringint.com/coal-fired/bangladesh-risks-power-shortages-by-canceling-ten-coal-fired-plants/

[longjohnsilver1] 03/7/2021 10:34

And no worries



The chinese are on board



But nothing on their website



Must be of utmost interest for them

[longjohnsilver1] 03/7/2021 10:33

Another clown with 5 post. Surely another alias of the dj


Do you think is genuinely close now ? HAHAHAHAHAHAHAH

Hahahahahah


Making my week end


BrianBone
Posts: 5
Price: 7.02
No Opinion
RE: coal priceToday 10:31
I will say it does seem interesting that for a company that has been pursuing this mine since 2005, has created a lot of documents but still little traction, to still be forging ahead is amazing. I wonder what has been of significance to support an extension of an MOU and further investment from shareholders (institutions). Was the investment purely on the basis of the rather large 19% discount they received (thinking they could sell for a profit over the coming weeks) or was it due to the future potential. I note the placing was 4 months ago and the price is now lower than the placing price of 7.5p. Either the investors are now out, or they are in negative territory, what's your thoughts, I have not seen recent months trading? Do you think this is genuinely close now, or with hindsight, has this become a lifestyle company for the directors?

[888icb] 03/7/2021 10:29

There are so few posts of any merit on this bb so here is one from LSE
Posted this previously, there will not be a problem with funding one PM signs off, the project has to many benefits for both BD and the BanksFunding for Coal Projects

On a similar theme we sometimes get those stating that funding for coal fired generation is not happening. Well based on the article below, itself from a ECO publication (so it must be true)- according to coalexit.org funding for coal projects has actually increased since the 2016 Paris Accord.

'While Chinese banks account for less than 6% of total lending to the coal industry, they account for 58% of underwriting. Through their underwriting, Chinese banks channeled US$ 467 billion to the coal industry over the past two years. Next in line are US banks (US$ 104 billion), Japanese banks (US$ 59 billion), Indian banks (US$ 36 billion) and UK banks (US$ 35 billion)'
hxxps://coalexit.org/sites/default/files/download_public/Financing%20GCEL%202020_Press%20Release_urgewald.pdf

This post is just to reflect what is really happening rather than what some would have us believe, however it's unlikely with NFC and Power Chinas' commitment to the project there will be any issue re funding the project itself

[longjohnsilver1] 03/7/2021 10:29

Some idiots on another board wants to do their own research on this company



Hahahahahahahah



Good luck and go back 20 years ago and invent stories to mislead people



The only thing that has moved is the share price DOWN


Otherwise NO PROJECT, NO FINANCING, NOTHING NEW


The good thing is that people come here to read the master Longjohn

Hahahahahahahahah

[longjohnsilver1] 03/7/2021 10:22

The clowns team is active even the week end



Losers



You’re absolutely right AP they are desperate


Even when they look at them in the mirror.


Hahahahahahahahahahahaha

[malcolmyoung] 03/7/2021 10:02

Wey hey, another good post from Redeyemines on LSE - COAL: It's up 165% since Sept, and now stands at $134----it's ten year all time high. Luvly, luvly Jubbly and all the generators are closing and coal is out of fashion - I DON'T THINK SO...The Banglas will be out there buying coal like mad @ the top of the market when they have 571 million tonnes ready to lift.....ummm, I wonder...