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GCM Gcm Resources Plc

4.25
-0.05 (-1.16%)
26 Jul 2024 - Closed
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
  -0.05 -1.16% 4.25 4.00 4.50 4.25 3.85 4.05 2,567,124 16:21:19
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Coal Mining Services 0 -1.32M -0.0054 -7.87 10.56M
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 4.30p. 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 £10.56 million. Gcm Resources has a price to earnings ratio (PE ratio) of -7.87.

Gcm Resources Share Discussion Threads

Showing 94126 to 94143 of 94700 messages
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DateSubjectAuthorDiscuss
01/7/2024
08:46
Yes we will do it 🤣🤣🤣🤣 9315;🤣ԍ15;🤣🤣;


aimofthegame6
Posts: 1,777
Price: 5.675
No Opinion
RE: The odd trading patterns….Today 08:28
I don't understand why GCM traders can't hold a rally. It goes up for a day then everyone runs scared. Just hold your shares for over a day ffs

silvstallone
01/7/2024
08:45
Who’s selling and not waiting the 8£ a share????


01-Jul-24 08:28:07 5.25 75,000 Sell* 5.25 5.50 3,938 O
01-Jul-24 08:25:49 5.2615 50,000 Sell* 5.25 5.50 2,631 O
01-Jul-24 08:24:53 5.25 1,800 Sell* 5.25 5.50 94.50 O
01-Jul-24 08:24:36 5.26 57,205 Sell* 5.25 5.50 3,009 O
01-Jul-24 08:19:41 5.266 61,449 Sell* 5.25 5.85 3,236 O
01-Jul-24 08:18:14 5.325 2,047 Sell* 5.25 5.85 109.00 O
01-Jul-24 08:17:30 5.50 75,000 Sell* 5.50 5.85 4,125 O
01-Jul-24 08:16:19 5.51 75,000 Sell* 5.50 5.85 4,133 O
01-Jul-24 08:00:16 5.657 2,121 Sell* 5.50 5.85 119.98 O
01-Jul-24 08:16:19 5.51 75,000 Sell* 5.50 5.85 4,133 O
01-Jul-24 08:00:16 5.657 2,121 Sell* 5.50 5.85 119.98 O

silvstallone
01/7/2024
08:24
The average premium for a takeover is around 25 to 30%

The chinese won’t pay more than this


AND

Provided they can make the deal

AI target of 5-6 £ on lse is just BS and ridiculous

Even with 50p you’re really optimistic


Too many dreamers and BSters around

wookieemonster
Posts: 3,745
Price: 5.675
No Opinion
RE: AI that specifically analyses stocks and charts -Today 22:15
Think we would be very lucky to see 50p! That’s very good from here. £5.60 seems like an impossibility. A takeover would only be maximum 10-10x the price I should think.

Not even at the past highs has it been anything close.

Do people really think 50p is a feasible possibility.

And out of interest what time frames to see such predictions

No trolling just pondering.

silvstallone
01/7/2024
08:22
And then you woke up and realized you were dreaming…̷0;


Lifesgoody
Posts: 773
Price: 5.675
No Opinion
Had a really strange dream last nightToday 11:47
On the 12th of July I turned my computer on to check in on GCM and there was a RNS explaining that we were going to be suspended, pending a decision a large energy company wanted to buy us out. I can't remember the exact figure, but it was triple digits with a 6 at the front. :-)

silvstallone
01/7/2024
08:22
Down 6% on monday

Looking good

🤣🤣🤣🤣 9315;🤣ԍ15;🤣🤣;

silvstallone
01/7/2024
08:12
Sounds good Phil. Beach, paddle boarding & footy for us
baxtea1
01/7/2024
07:50
No point looking in here on the weekends Cambrad.
It’s only the sad lonely filtered troll who posts to himself on here. You walking over his bridge was the highlight of his weekend 😂

baxtea1
30/6/2024
13:37
Mwouhahahahahahahahahahahahah🤣🤣🤣 9315;🤣ԍ15;

Cambradjones - 06 Jun 2024 - 11:35:56 - 65537 of 66052 GCM - Long termers, banter & research - GCM
Just made 2nd purchase today, could well move back to 10p very quickly as we gather momentum on very promising media articles

silvstallone
30/6/2024
13:30
You read me im not alone 🤣🤣🤣🤣 9315;🤣ԍ15;🤣🤣;
silvstallone
30/6/2024
13:09
Why would you post all weekend to yourself?
cambradjones
30/6/2024
12:14
And then you woke up and realized you were dreaming…̷0;


Lifesgoody
Posts: 773
Price: 5.675
No Opinion
Had a really strange dream last nightToday 11:47
On the 12th of July I turned my computer on to check in on GCM and there was a RNS explaining that we were going to be suspended, pending a decision a large energy company wanted to buy us out. I can't remember the exact figure, but it was triple digits with a 6 at the front. :-)

silvstallone
29/6/2024
22:49
The average premium for a takeover is around 25 to 30%

The chinese won’t pay more than this


AND

Provided they can make the deal

AI target of 5-6 £ on lse is just BS and ridiculous

Even with 50p you’re really optimistic


Too many dreamers and BSters around

wookieemonster
Posts: 3,745
Price: 5.675
No Opinion
RE: AI that specifically analyses stocks and charts -Today 22:15
Think we would be very lucky to see 50p! That’s very good from here. £5.60 seems like an impossibility. A takeover would only be maximum 10-10x the price I should think.

Not even at the past highs has it been anything close.

Do people really think 50p is a feasible possibility.

And out of interest what time frames to see such predictions .

No trolling just pondering.

silvstallone
29/6/2024
14:35
🤣🤣🤣🤣 9315;🤣ԍ15;🤣🤣;🤣

£5.50 a share 🤣🤣🤣🤣 9315;🤣ԍ15;🤣

You should be locked just thinking about it and for trying to mislead people


Searcher
Posts: 39,199
Price: 5.675
No Opinion
RE: For anyone in any doubt to value of GCM on green light!Today 14:01
## Share Price Estimate….

Given the current market cap, let’s hypothesize:

- *Current Market Cap*: Suppose the current market cap of GCM Resources is around $50 million.

- *Post-Approval Market Cap*: Adding the $500 million project value, the new market cap could be approximately $550 million.

### Summary

If the Phulbari project gets approved and adds substantial value to GCM Resources, the share price could potentially rise significantly. Based on the simplified hypothetical scenario above, the share price could reach around $5.50 per share. However, this estimate is highly speculative and should be validated with a detailed financial analysis and consideration of current market dynamics and investor sentiment.

Investors should consider consulting with financial analysts or advisors who can provide a more accurate and detailed forecast based on comprehensive financial models and current market data.

silvstallone
29/6/2024
08:57
Maybe the 6 projects are not so new..


hxxps://thefinancialexpress.com.bd/home/six-china-funded-projects-hit-snags-1641010024

silvstallone
29/6/2024
08:54
You seems to have a lot of problems with charts…


Valtos - 09 Nov 2020 - 13:19:14 - 47254 of 66041 GCM - Long termers, banter & research - GCM
What’s happened to the charts?

silvstallone
29/6/2024
08:52
They know there is 6 new projects but cannot name it?..

🤣🤣🤣🤣 9315;🤣

GPback
Posts: 7,644
Price: 5.675
Strong Buy
RE: Worth a readToday 06:46
New projects

China's president Xi Jinping visited Dhaka in September 2016. During this historic visit, it was decided to implement 27 projects. Of these, 15 have been completed, six are underway and there is consideration of replacing the remaining six with new projects.

It has been learnt that Bangladesh raised some new projects for China's consideration at the foreign secretary level meeting between the two countries at the beginning of this month. It was pointed out to China that much delay is made in scrutinising the projects for which the feasibility of the projects is harmed.

silvstallone
28/6/2024
23:19
Tks Baxtea1
valtos
28/6/2024
21:51
Sheikh Hasina will take her time before singing

She will let that for the new generation she said……


PM Hasina's Delhi visit energises Bangladesh-India Relations: The Diplomat

DHAKA, June 28, 2024 (BSS) - Prime Minister Sheikh Hasina's recent visit to India has created a new horizon to establish an energy connectivity with Nepal and Bhutan via India that can help Bangladesh reduce dependency on fossil fuel.

Aaqib Md Shatil, a Research and Communication Consultant at the Sydney Policy and Analysis Centre, wrote an article on the prospect of the Sheikh Hasina's India visit, which was published in the prestigious magazine - The Diplomat - today (June 28, 2024).

Following is the full article:

Bangladesh's Prime Minister Sheikh Hasina, who was in India just a fortnight ago to attend the swearing-in of the Narendra Modi government, was back in New Delhi on June 21-22 on a bilateral state visit, which was the first by a foreign leader after the inauguration of Modi's third term as prime minister.

In a press conference at the end of her visit, Hasina described it as "brief but fruitful." The visit appears to have cleared the air in New Delhi regarding speculation about Bangladesh's much-talked-about tilt towards China, supposedly undermining Indian interests in the region.

The most notable outcome of the visit was a rail connectivity agreement between the two countries that will allow India to use Bangladesh's rail network to transport goods to its northeast. India has also agreed to extend transit facilities to Nepal and Bhutan for Bangladeshi goods through its railway networks.

Bangladesh also has given its approval for India to send its experts to evaluate the Teesta River Project. China submitted a proposal to develop the project, which has raised concerns in India.

While some commentators predicted a tug-of-war between India and China over the project, Hasina observed in her post-India visit comments that India has a fair chance of winning this bid since that will solve the longstanding water-sharing issue with India around the river.

While most other agreements and mutual understandings revolve around capacity building in different sectors, Bangladesh has a huge opportunity to gain from one deal in particular: the opening up of energy connectivity with Nepal and Bhutan via India.

According to the joint statement issued at the end of the visit, India and Bangladesh have committed to expanding "power and energy collaboration" and developing "intra-regional electricity trade." This will start with expediting the construction of a 765 kV high-capacity grid with suitable Indian financial assistance.

Due to the volatile condition of fuel and energy markets since the Russian invasion of Ukraine, fossil fuel prices have faced much tumult, often rising beyond anticipated limits. Thanks to Bangladesh's subsequent energy policies, the country's efforts to electrify all households by 2021 resulted in a heavy reliance on imported fossil fuels, primarily gas and coal.

Bangladesh's import payments data shows a jump in petroleum product imports. The World Bank identified petroleum products as a driver of Bangladesh's surging imports in April 2023. This, along with other principal commodities, created pressure on the country's balance of payments, forcing Bangladesh to impose import restrictions and slowing down the economy.

High fuel costs and imports are also driving electricity generation costs in Bangladesh, which grew from 7 cents/kWh in 2020 to around 11 cents/kWh in 2023. More than half of all electricity produced in 2022-23 FY in Bangladesh came from gas-fired power plants.

The average electricity generation cost from gas remained much lower for decades thanks to the natural gas reserves. However, Bangladesh turned to importing LNG as the natural gas reserves are depleting due to growing demands.

According to Bangladesh's power division estimates, the cost of producing electricity from LNG stood at around 15 cents/kWh. In this context, the cost of generating electricity is expected to grow with the current power mix unless the price of imported fuels drops drastically.

This is where the energy connectivity with Nepal and Bhutan can provide Bangladesh with a respite.

Nepal and Bhutan are among the few countries that produce almost 100 percent electricity from renewables. Nepal alone has an economically viable hydroelectricity potential of around 40,000 MW. Its power demand is estimated to be around 13,000 MW in 2035. It plans to increase its generation capacity by utilizing its full potential and exporting the excess electricity to neighboring countries.

Bangladesh, Nepal, and India have been in talks over power transmission from Nepal to Bangladesh through India for the last few years. According to Daily Observer, a pro-government daily in Bangladesh, the tariff is below 7 cents/kWh. Although it is unclear whether the tariff includes India's service charge, this figure is significantly lower than Bangladesh's average power generation cost and half of the cost of electricity coming from LNG-fired power plants.

Hence, the energy connectivity deal with India will allow Bangladesh to import cheaper and cleaner electricity produced from renewable sources in Nepal and Bhutan, thus reducing their dependency on imported fossil fuels for power production. Bangladesh already has a plan in place to import 9,000 MW of electricity from neighboring countries.

Nonetheless, some significant challenges persist.

Bangladesh has dozens of active, long-term power purchase agreements with power plants commissioned in the last decade. If Bangladesh plans to import a large part of its electricity from neighboring countries - Nepal, Bhutan, and India - the Bangladeshi power plants are expected to sit idle, and Bangladesh will be forced to pay a large sum of money in capacity changes to them.

For Nepal, the challenge is around accumulation of resources and funding for power generation and transmission, as the country aims to produce around 30,000 MW by 2035 and export a large portion of it.

With India's active support, a collaboration between the public and private sectors in Nepal and Bangladesh, backed by the development financial institutions (DFI), can help overcome the challenges. Global hydropower giants can also be invited to invest in these projects.

Meanwhile, to reduce the burden of capacity charges and fuel imports, Bangladesh can consider entering into a bargain with the existing fossil fuel power plants to plan for early phase-out.

silvstallone
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