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GCM Gcm Resources Plc

5.125
0.025 (0.49%)
Last Updated: 08:00:21
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gcm Resources Plc LSE:GCM London Ordinary Share GB00B00KV284 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.025 0.49% 5.125 5.00 5.25 5.275 5.125 5.25 328,209 08:00:21
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Coal Mining Services 0 -1.32M -0.0054 -9.48 12.53M
Gcm Resources Plc is listed in the Coal Mining Services sector of the London Stock Exchange with ticker GCM. The last closing price for Gcm Resources was 5.10p. Over the last year, Gcm Resources shares have traded in a share price range of 0.85p to 12.50p.

Gcm Resources currently has 245,596,374 shares in issue. The market capitalisation of Gcm Resources is £12.53 million. Gcm Resources has a price to earnings ratio (PE ratio) of -9.48.

Gcm Resources Share Discussion Threads

Showing 92901 to 92918 of 94525 messages
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DateSubjectAuthorDiscuss
24/4/2024
14:23
Buys far exceeding sells today, almost touched the placing price as it nearly always does so onwards and upwards from here by the looks of it.
cambradjones
24/4/2024
14:14
Fully understand why you have created another thread. 👍
baxtea1
24/4/2024
13:59
Very far from extracting one gram of coal

Where are my 3-4£ mankinibaxfish?

🤣🤣🤣🤣3-4 £ in your dreams yes

silvstallone
24/4/2024
13:51
Picking up a bit of momentum today Mr Blobfish 👊
baxtea1
24/4/2024
13:50
Just taking a few days to settle after the fundraising Cambrad.
No dramas, nothings changed.
Ignore the senseless noise from you know who

baxtea1
24/4/2024
12:45
🤣🤣🤣🤣

7p

Don’t get overexcited

Searcher
Posts: 38,876
Price: 7.25
No Opinion
RE: New Plans for Coal Extraction in Bangladesh - BBC Bangla-you Tube Broadcast 21/04/2024Today 12:43
Up she goes!!! 7.25 - 7.50

silvstallone
24/4/2024
12:43
Mined within the next 2-3 years???

20 years they hope

And even if Hasina say a yes there will be a lots of opposition and delay

Which will prejudice the sp

Binary bet for the next two years

Play the next pump

Where is my 3-4£ baxfish mankini?? 🤣🤣🤣🤣 3-4 £ jeeeezzzz

silvstallone
24/4/2024
12:34
Difficult to go above 7p
silvstallone
24/4/2024
08:22
Below 7p and not one trade

Says it all

Hasina will Never take the decision to upset the people

She will let that for the next generation

silvstallone
24/4/2024
07:49
Boomtown coming, nicely consolidating around 7p, still above placing price.
Finances secured for next 16 months with that funding 🤑

Massive delayed buys still coming through, buyer still accumulating.

IN BAXY THEY TRUST 👊

baxtea1
24/4/2024
07:41
Morning Mick, can’t even be bothered to read baxys board because of the clown on there. I only really use these boards for the live chart.
shortjohnblobfish
24/4/2024
06:16
Bangladesh State Minister for Energy to QNA: We Look Forward to Greater Energy Cooperation with Qatar
Local
QNA Images
Dhakka, April 22 (QNA) - HE State Minister of Power, Energy and Mineral Resources of the People's Republic of Bangladesh Nasrul Hamid Bipu affirmed that his country looks forward to greater and broader cooperation with the State of Qatar in the field of energy.
In remarks to Qatar News Agency (QNA), His Excellency said: "We need more energy from Qatar and need investment in energy-related projects. Recently, Qatar has expressed a keen interest in establishing Liquified Natural Gas (LNG) infrastructure within Bangladesh, encompassing a Land Based LNG Terminal, LNG supply, and a pipeline network." "Qatar is our brotherly and friendly country. we find unwavering support from Qatar. We have a Memorandum of Understanding in cooperation in the energy sector with Qatar. On top of that, we established a long-term LNG Sale and Purchase Agreement (SPA) with Qatargas in September 2017 and ensured a steady supply of up to 2.5 million tons per annum of LNG for 15 years," He added.
HE Bangladesh State Minister of Power, Energy, and Mineral Resources also pointed to the LNG Sale and Purchase Agreement signed with QatarEnergy in June 2023 to purchase up to 1.8 million tons per annum of LNG for 15 years.
Bangladesh has emerged as one of the fastest-growing economies in the world, he said pointing to the rapid increase in energy demand with the growth of the per capita income. "We have done another LNG Sale and Purchase Agreement with QatarEnergy to ensure energy security promote development growth," he said.
He went on saying: "We have a gap between national demand and supply. To meet the current energy gap, we are importing LNG. Parallelly, we are focusing on our offshore to extract more gas and oil. Our government works to ensure energy security and sustainable energy in Bangladesh." Praising Qatar's role in securing energy supply for his country and the world, His Excellency said: "As one of the world's largest LNG producers Qatar plays a significant role in the energy sector, and has been a reliable and uninterrupted source of LNG." Meanwhile, His Excellency voiced belief that Qatar can mitigate the energy crisis in light of its efforts to develop the gas industry and raise production capacity to 142 million tons annually of liquefied natural gas during the next few years.
Concluding his remarks to QNA, HE State Minister of Power, Energy and Mineral Resources of the People's Republic of Bangladesh Nasrul Hamid Bipu affirmed that Qatar-Bangladesh relationship will grow in different spheres saying: "It is through collaboration, open communication, and mutual trust that we can ensure our energy security and collectively contribute to building a Smart Bangladesh." (QNA)

silvstallone
23/4/2024
20:17
BREAKING NEWS

22/4/2024

It’s happening soon

Bangladesh is preparing to mine its own coal to reduce energy crisis and import dependency in the future while there is also a plan to mine coal in an open method.

In the proposal that the Ministry of Energy is going to make for the high-level decision of the government, the final decision will be the matter of extracting coal from three mines of the country at the initial stage

Five coal mines have been discovered in the northern part of Bangladesh so far. These mines have reserves of 7,823 million tons of coal.

Twenty percent of this coal is mineable, amounting to 1,564.6 million tons, according to the presentation of the Energy Department. This amount of coal is capable of meeting the energy demand equal to 40.6 trillion cubic feet of gas.



20/4/2024

RULING PARTY AND ITS PRE-ELECTION PLEDGE FOR MINING DOMESTIC COALToday 16:37
This has Phulbari written all over it imo!!!!!

Here are just some of the points from the article...

“It is now expected that the government will make a decision to mine and set up at least 5,000MW mine-mouth coal power plants soon, yielding fruits by the end of the present term of the government”

“Technical experts, economists, and analysts have long been suggesting the exploration and exploitation of superior-quality coal resources lying at mineable depths. Various studies have been conducted by local and international experts, justifying the proposals for mining coal and using it as the cheapest alternative to depleting natural gas. Even the present government in its past three terms pledged for mining coal. However, the required political decision in this regard has not been made.”

“The technological and economic aspects heavily favor mining domestic coal.”

“The need now is for the government to take the decision of mining or not mining coal. Nothing but domestic coal can ensure sustainable energy security for Bangladesh in the prevailing and emerging global geopolitical situation. Despite global movement for energy transition from fossil fuel to renewable energy coal is going to remain one of the major fuels over the next 30-40 years. Moreover, Bangladesh has no obligation to limit emissions as it has only a negligible carbon footprint of its own.”

“The government paying through its nose realized that the increasing dependence on imported fuel through ignoring exploration and development was a major political mistake.”

“Exploration of coal and gas should be a top priority national agenda. The government should not only make an immediate political decision to mine coal it must also reorganize the mining directorate of Petrobangla to champion coal mining.”

“It is now expected that the government will make a decision to mine and set up at least 5,000MW mine-mouth coal power plants soon, yielding fruits by the end of the present term of the government”

“A positive signal of the government will encourage investment. In the meantime, the government engaging competent mining experts can review all study reports for implementing mining strategy.”

“However, the election agenda of the ruling party before the general election of 2024 included a government pledge to mine coal. Hope policymakers will produce convincing and authentic documents to the Prime Minister for her courageous decision. Local coal will delay the requirement for importing fuel from abroad. The government will have breathing space for exploring and developing offshore petroleum resources and logically expanding solar and wind power resources.”

hxxps://ep-bd.com/view/details/article/MTAxMDQ%3D/title?q=ruling+party+and+its+pre-election+pledge+for+minin

16/4/2024

Another 16 months working capital

Michael Tang CEO said: " I am delighted with the support from the London Market, which comes at a time when we are increasingly more confident that the Government of Bangladesh is receptive to the advantages of domestic energy production; our focus and main effort now is to secure the consent to develop the Phulbari Coal and Power Project, which we are well placed to develop alongside our global energy infrastructure partners, Power China."

15/4/2024

1st Meeting of Standing Committee on Ministry of Power, Energy and Mineral Resources
Date: 21-April-2024

Time: 11:00 AM

Location: Bangladesh Parliament

Venue: Cabinet Room

28/3/2024

The Bangladesh Government has already taken steps to move away from its current "net-energy-importing" situation aimed at both bringing its domestic coal resources into the energy mix and exploring for gas. With this in mind, and Bangladesh's deteriorating foreign exchange position, it is envisaged that Government Policy will be forthcoming to finally enable extraction of the Country's extensive long-term strategic coal energy assets, such as the Phulbari deposit.

We are more confident than we have been in recent years that we are getting closer to a political breakthrough for the Phulbari Coal and Power Project. When this happens, we are ready to deliver the benefits and investment returns that our patient shareholders deserve.

27/3/2024

Yicai) March 27 -- A unit of Power Construction Corporation of China, a state-owned infrastructure contractor also known as PowerChina, will design and strip Bangladesh's largest coal mine for about CNY7 billion (USD969.8 million).

PowerChina International Group inked the deal for the Phulbari coal mine with UK GCM Resources, Beijing-based PowerChina announced yesterday. The project includes the design of the mining infrastructure and overburden removal, procuring and installing stripping equipment, dewatering and drainage, ground production system, and sewage treatment, it added.

The contract has a four-year lifespan, including two years of overburden removal to expose the first coal for mining, with no warranty period, PowerChina noted. The Phulbari coal mine is located in Dinajpur district in northwest Bangladesh.

25/3/2024

Appointment of Independent Non-executive Directors


GCM Resources plc ("GCM" or the "Company"), an AIM quoted mining and energy company, is pleased to announce the appointments of Paul Shackleton and Charlie Green to the Board as independent Non-Executive Directors with immediate effect. Paul Shackleton will serve as acting Chairman.

17/3/2024

BBC Bangla has learned from the Ministry of Energy that a proposal based on various surveys and feasibility studies conducted in the country's coal mines will be presented to the Prime Minister by April and approval will be sought.”

12/3/2024

Plan afoot for coal extraction

hxxps://businesspostbd.com/power-energy/govt-reviving-plans-despite-strong-opposition

11/3/2024
Phulbari Coal Mining Infrastructure Construction and Overburden Stripping Contract

The Company advises that working under the coal mine development MOU with Power Construction Corporation of China, Ltd. ("PowerChina") (refer to RNS of 28 November 2023), it has signed a contract with PowerChina International Group Limited covering mine development works of approximately US$1 billion necessary to facilitate coal extraction at the Phulbari Coal and Power Project ("the Project"). The advancement of this Contract is subject to receiving the approval of the Scheme of Development for coal mining submitted to the Bangladesh Government under the terms and conditions of its Contract for "Exploration and Mining Coal in Northern Bangladesh".

The scope of works under this Mine Construction Contract includes design, procurement, installation, construction and commissioning of mine infrastructure and overburden removal, dewatering and drainage. It also includes selective mining and stockpiling of valuable industrial mineral co-products that occur in the overburden. These co-products are expected to deliver considerable cashflow for the Project ahead of any coal extraction.

The Mine Construction Contract duration is four years, with overburden removal to expose first coal taking some two years. The Company and PowerChina expect to enter additional contracts covering coal extraction and associated activities to support ongoing open pit mining operations and the Project's commitment to deliver high quality coal supporting at least 6,600MW power generation for over 30 years. A joint proposal with development partner, PowerChina, will shortly be presented to the newly elected Bangladesh Government.

The Mine Construction Contract was entered into on 9 March 2024, however, issuance of a Notice to Proceed with the works is dependent on the Company receiving the necessary approvals from the Bangladesh Government and achieving financial closure. As noted in the beforementioned RNS of 28 November 2023, our development partner, PowerChina is committed to assist with project financing.

Coal Supply Expressions of Interest:

The Company has received Expressions of Interest to purchase Phulbari's coal from both of Bangladesh's current Independent Power Producers, being SS Power Limited that operates the 1,320MW Banshkhali power plant and Barisal Electric Power Company that operates a 350MW unit at Barisal (with plans to add an additional unit). These represent some 27% of the present market.

Bangladesh currently has 6,035 MW of installed coal-fired power generating capacity with a demand for some 16 million tonnes of coal per annum, i.e., equivalent to the Phulbari coal mine's planned production. However, the long-term government plan shows an increase in coal-fired power to 11,830 MW which would require some 36 million tonnes of coal per annum.

The current coal-fired power plants include:
· Existing Barapukuria plants 525 MW
· Payra 1,320 MW
· Rampal 1,320
· Matarbari 1,200 MW
· S ALAM Banshkhali 1,320 MW (Independent power producer SS Power)
· Barisal 350 MW (Independent power producer Barisal Electric Power Company)

8/3/2024
“State Minister for Energy and Mineral Resources Nasrul Hamid said that coal mining will be done by ensuring underground water management. Rehabilitation and employment of the locals will also be ensured. He said that if there is a coal mine in that region, crop production will decrease by BDT 5 thousand crore annually. On the contrary, coal worth about BDT 70 thousand crore will have to be imported in the future.”

“It is possible to extract coal from this mine by the open pit method. This mining license is now in the hands of the multinational company GCM. A majority stake in GCM is said to be owned by a Chinese company. GCM has submitted a full feasibility study on the mine development to the government.”

shortjohnblobfish
23/4/2024
20:14
!FOLLOWFEED
New thread for GCM as all news & activity is pointing to the long awaited Scheme of Development being given approval

BREAKING NEWS

22/4/2024

It’s happening soon

Bangladesh is preparing to mine its own coal to reduce energy crisis and import dependency in the future while there is also a plan to mine coal in an open method.

In the proposal that the Ministry of Energy is going to make for the high-level decision of the government, the final decision will be the matter of extracting coal from three mines of the country at the initial stage

Five coal mines have been discovered in the northern part of Bangladesh so far. These mines have reserves of 7,823 million tons of coal.

Twenty percent of this coal is mineable, amounting to 1,564.6 million tons, according to the presentation of the Energy Department. This amount of coal is capable of meeting the energy demand equal to 40.6 trillion cubic feet of gas.



20/4/2024

RULING PARTY AND ITS PRE-ELECTION PLEDGE FOR MINING DOMESTIC COALToday 16:37
This has Phulbari written all over it imo!!!!!

Here are just some of the points from the article...

“It is now expected that the government will make a decision to mine and set up at least 5,000MW mine-mouth coal power plants soon, yielding fruits by the end of the present term of the government”

“Technical experts, economists, and analysts have long been suggesting the exploration and exploitation of superior-quality coal resources lying at mineable depths. Various studies have been conducted by local and international experts, justifying the proposals for mining coal and using it as the cheapest alternative to depleting natural gas. Even the present government in its past three terms pledged for mining coal. However, the required political decision in this regard has not been made.”

“The technological and economic aspects heavily favor mining domestic coal.”

“The need now is for the government to take the decision of mining or not mining coal. Nothing but domestic coal can ensure sustainable energy security for Bangladesh in the prevailing and emerging global geopolitical situation. Despite global movement for energy transition from fossil fuel to renewable energy coal is going to remain one of the major fuels over the next 30-40 years. Moreover, Bangladesh has no obligation to limit emissions as it has only a negligible carbon footprint of its own.”

“The government paying through its nose realized that the increasing dependence on imported fuel through ignoring exploration and development was a major political mistake.”

“Exploration of coal and gas should be a top priority national agenda. The government should not only make an immediate political decision to mine coal it must also reorganize the mining directorate of Petrobangla to champion coal mining.”

“It is now expected that the government will make a decision to mine and set up at least 5,000MW mine-mouth coal power plants soon, yielding fruits by the end of the present term of the government”

“A positive signal of the government will encourage investment. In the meantime, the government engaging competent mining experts can review all study reports for implementing mining strategy.”

“However, the election agenda of the ruling party before the general election of 2024 included a government pledge to mine coal. Hope policymakers will produce convincing and authentic documents to the Prime Minister for her courageous decision. Local coal will delay the requirement for importing fuel from abroad. The government will have breathing space for exploring and developing offshore petroleum resources and logically expanding solar and wind power resources.”

hxxps://ep-bd.com/view/details/article/MTAxMDQ%3D/title?q=ruling+party+and+its+pre-election+pledge+for+minin

16/4/2024

Another 16 months working capital

Michael Tang CEO said: " I am delighted with the support from the London Market, which comes at a time when we are increasingly more confident that the Government of Bangladesh is receptive to the advantages of domestic energy production; our focus and main effort now is to secure the consent to develop the Phulbari Coal and Power Project, which we are well placed to develop alongside our global energy infrastructure partners, Power China."

15/4/2024

1st Meeting of Standing Committee on Ministry of Power, Energy and Mineral Resources
Date: 21-April-2024

Time: 11:00 AM

Location: Bangladesh Parliament

Venue: Cabinet Room

28/3/2024

The Bangladesh Government has already taken steps to move away from its current "net-energy-importing" situation aimed at both bringing its domestic coal resources into the energy mix and exploring for gas. With this in mind, and Bangladesh's deteriorating foreign exchange position, it is envisaged that Government Policy will be forthcoming to finally enable extraction of the Country's extensive long-term strategic coal energy assets, such as the Phulbari deposit.

We are more confident than we have been in recent years that we are getting closer to a political breakthrough for the Phulbari Coal and Power Project. When this happens, we are ready to deliver the benefits and investment returns that our patient shareholders deserve.

27/3/2024

Yicai) March 27 -- A unit of Power Construction Corporation of China, a state-owned infrastructure contractor also known as PowerChina, will design and strip Bangladesh's largest coal mine for about CNY7 billion (USD969.8 million).

PowerChina International Group inked the deal for the Phulbari coal mine with UK GCM Resources, Beijing-based PowerChina announced yesterday. The project includes the design of the mining infrastructure and overburden removal, procuring and installing stripping equipment, dewatering and drainage, ground production system, and sewage treatment, it added.

The contract has a four-year lifespan, including two years of overburden removal to expose the first coal for mining, with no warranty period, PowerChina noted. The Phulbari coal mine is located in Dinajpur district in northwest Bangladesh.

25/3/2024

Appointment of Independent Non-executive Directors


GCM Resources plc ("GCM" or the "Company"), an AIM quoted mining and energy company, is pleased to announce the appointments of Paul Shackleton and Charlie Green to the Board as independent Non-Executive Directors with immediate effect. Paul Shackleton will serve as acting Chairman.

17/3/2024

BBC Bangla has learned from the Ministry of Energy that a proposal based on various surveys and feasibility studies conducted in the country's coal mines will be presented to the Prime Minister by April and approval will be sought.”

12/3/2024

Plan afoot for coal extraction

hxxps://businesspostbd.com/power-energy/govt-reviving-plans-despite-strong-opposition

11/3/2024
Phulbari Coal Mining Infrastructure Construction and Overburden Stripping Contract

The Company advises that working under the coal mine development MOU with Power Construction Corporation of China, Ltd. ("PowerChina") (refer to RNS of 28 November 2023), it has signed a contract with PowerChina International Group Limited covering mine development works of approximately US$1 billion necessary to facilitate coal extraction at the Phulbari Coal and Power Project ("the Project"). The advancement of this Contract is subject to receiving the approval of the Scheme of Development for coal mining submitted to the Bangladesh Government under the terms and conditions of its Contract for "Exploration and Mining Coal in Northern Bangladesh".

The scope of works under this Mine Construction Contract includes design, procurement, installation, construction and commissioning of mine infrastructure and overburden removal, dewatering and drainage. It also includes selective mining and stockpiling of valuable industrial mineral co-products that occur in the overburden. These co-products are expected to deliver considerable cashflow for the Project ahead of any coal extraction.

The Mine Construction Contract duration is four years, with overburden removal to expose first coal taking some two years. The Company and PowerChina expect to enter additional contracts covering coal extraction and associated activities to support ongoing open pit mining operations and the Project's commitment to deliver high quality coal supporting at least 6,600MW power generation for over 30 years. A joint proposal with development partner, PowerChina, will shortly be presented to the newly elected Bangladesh Government.

The Mine Construction Contract was entered into on 9 March 2024, however, issuance of a Notice to Proceed with the works is dependent on the Company receiving the necessary approvals from the Bangladesh Government and achieving financial closure. As noted in the beforementioned RNS of 28 November 2023, our development partner, PowerChina is committed to assist with project financing.

Coal Supply Expressions of Interest:

The Company has received Expressions of Interest to purchase Phulbari's coal from both of Bangladesh's current Independent Power Producers, being SS Power Limited that operates the 1,320MW Banshkhali power plant and Barisal Electric Power Company that operates a 350MW unit at Barisal (with plans to add an additional unit). These represent some 27% of the present market.

Bangladesh currently has 6,035 MW of installed coal-fired power generating capacity with a demand for some 16 million tonnes of coal per annum, i.e., equivalent to the Phulbari coal mine's planned production. However, the long-term government plan shows an increase in coal-fired power to 11,830 MW which would require some 36 million tonnes of coal per annum.

The current coal-fired power plants include:
· Existing Barapukuria plants 525 MW
· Payra 1,320 MW
· Rampal 1,320
· Matarbari 1,200 MW
· S ALAM Banshkhali 1,320 MW (Independent power producer SS Power)
· Barisal 350 MW (Independent power producer Barisal Electric Power Company)

8/3/2024
“State Minister for Energy and Mineral Resources Nasrul Hamid said that coal mining will be done by ensuring underground water management. Rehabilitation and employment of the locals will also be ensured. He said that if there is a coal mine in that region, crop production will decrease by BDT 5 thousand crore annually. On the contrary, coal worth about BDT 70 thousand crore will have to be imported in the future.”

“It is possible to extract coal from this mine by the open pit method. This mining license is now in the hands of the multinational company GCM. A majority stake in GCM is said to be owned by a Chinese company. GCM has submitted a full feasibility study on the mine development to the government.”

shortjohnblobfish
23/4/2024
18:06
Brilliant meeting last sunday

🤣🤣🤣🤣 9315;🤣

Sp 6.85p

🤣🤣🤣🤣 9315;🤣

silvstallone
23/4/2024
11:45
6.69p

Waiting for my 8£ or 24mio

🤣🤣🤣🤣 9315;🤣

silvstallone
23/4/2024
11:44
Someone sold it….

If 1.4 is massive with my 3mio it’s extra massive

The meeting this weekend and price down

You didn’t call Hamid?

Brilliant

No lollipop for you yet


3-4 £ target 🤣🤣🤣🤣 9315;🤣ԍ15;🤣🤣;🤣🤣🤣

Holy Mankini borat

🤣🤣🤣🤣

silvstallone
22/4/2024
17:53
Massive 1.4 mil delayed buy from Friday. Someone filling their boots still before the big goahead announcement 🚀🚀🚀👊
baxtea1
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