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 Shares Traded Last Trade
  0.00 0.0% 3.40 2,858 08:00:00
Bid Price Offer Price High Price Low Price Open Price
3.20 3.60 3.40 3.40 3.40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.87 -1.50 4
Last Trade Time Trade Type Trade Size Trade Price Currency
08:27:52 O 2,858 3.50 GBX

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Date Time Title Posts
29/6/202218:13GCM - Long termers, banter & research55,072
05/11/202109:22GCM Resources - Now a Serious Takeover Target39
02/1/201901:31GCM - (Asia Energy) Phulbari promo literature107
01/10/201813:38GCM .... She's about to go BALLISTIC8

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Gcm Resources (GCM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-06-29 16:06:313.4070,0002,380.00O
2022-06-29 15:52:383.5070,0002,450.00O
2022-06-29 13:59:363.601384.97O
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Gcm Resources Daily Update: Gcm Resources Plc is listed in the Mining sector of the London Stock Exchange with ticker GCM. The last closing price for Gcm Resources was 3.40p.
Gcm Resources Plc has a 4 week average price of 3.40p and a 12 week average price of 3.40p.
The 1 year high share price is 12.60p while the 1 year low share price is currently 3.40p.
There are currently 132,028,291 shares in issue and the average daily traded volume is 109,799 shares. The market capitalisation of Gcm Resources Plc is £4,488,961.89.
apfindley: You're a very agressive and frustrated person.I've tried to help with the gcm situation for several years by making investors such as yourselves aware, but you stayed invested and continued to see the price plummet.They day this all went wrong as an investment was not the Asia energy and protests fiasco, it was the day the Chinese entered the equation.It turned from a gem of a pure coal project which was easily deliverable and couldve been very profitable (and with low shares in issue)....into an obvious large scale balls-up with the unnecessary inclusion of expensive power projects pushed by the Chinese, which have caused massive delays and endless hurdles and planning which the bangla's have themselves lost interest in. With these delays, the knock on effect to gcm is excessive dilution of shares (which is far far from over), costly time delays, probable loss of ownership (operator) of the asset to the Chinese, and possible total loss if gcm goes into administration.If they had just concentrated on developing the coal mine and selling coal, you would've all been rich by now. I'm certain of that.
malcolmyoung: Dummy buy so easily executed by a dummy in his 'dunny' - or in this case, LittlePlum. Hahaha - and now the share price has turned blue. GCM GONNA BEHUGE
longjohnsilver1: This is a performing gcm HahahahahahahahahahahHahahahahah GCM Mining Declares June 15, 2022 Monthly Dividend Author of the article:GlobeNewswire GlobeNewswire Publishing date:May 16, 2022 • 1 day ago • 2 minute read • Join the conversation Article content TORONTO, May 16, 2022 (GLOBE NEWSWIRE) — GCM Mining Corp. (“GCM Mining” or the “Company”;) (TSX: GCM, OTCQX: TPRFF) announced today that its Board of Directors has declared the next monthly dividend of CA$0.015 per common share will be paid on June 15, 2022 to shareholders of record as of the close of business on May 31, 2022.
888icb: There is no need to aggressively ramp GCM as the investment case is clear and has been for many years. It is because the investment case is so strong the Apf and his aliases have aggressively deramped it. There is just one issue to consider in relation to GCM and that is will Hasina be persuaded to give consent to mining at Phulbari. If she gives the green light GCM will become a very valuable company. Hasina has more reasons now with the global energy situation, than at any time in the past to approve mining at Phulbari. Energy security at an affordable price is an absolute imperative and Phulbari is essentially her only option. What will her legacy be when she has negligently failed to prevent the lights going out and the factories having power to produce? GCM have a great opportunity to press their case as many countries around the world are having to change their attitude to coal through necessity.
apfindley: Involved?How?By continuously extending MOU's (which are fairly meaningless and easy to walk away from.What you have to understand...there is a nice asset here, but there is massive intertia against the development and the time length tells the true story..Ok back to the Chinese... they are 'onboard' due to a certain person who owns a consultancy company which has been paid a massive ammount of gcm shares for services which our directors shouldve been doing themselves.So why are the Chinese here?They have spent the past 4 or 5 years with memorandums of understanding which they keep extending with gcm.What this does is dangles the carrot and keeps it dangling. Basically stringing gcm along.So the delays the chinese are creating by not entering a full contractual agreement to develop (as there's not even a proposal submitted to bangla government yet, oops) is what's costing gcm very heavily, meaning more and more dilution as gcm have to keep sourcing working capital finance.During this time, more and more consultancy fees are being converted into shares for dyani corp, dginfratech and also for polo in lieu of their ever spiralling loan notes.Time is our enemy. The longer this continues, the more desperate gcm becomes and the weaker our negotiating hand becomes. Shareholders become diluted heavily, and steadily the Chinese and their helpers (dyani and polo) start to amass more shares.The point will come where retail holders will have negligible stake here.Gcm could at some point fall into administration especially if polo call in the loan notes and gcm are unable to source the millions in funds owed to Polo.At that point the assets 'phulbari' could realistically be bought from administrators by the first line creditors ie Polo who are owed the loan notes in excess of 5 mill dollars. (And yes this could happen).Linking this back to the Chinese element again, polo are delisted and guess who is their director, the same guy who is director of gcm, the unofficial owner of dyani, and is costing upto the Chinese.Piece it all together....the worst thing that happened here was the Chinese becoming involved, because they have drawn gcm into a whole mess where an initial capex investment of 700mill to build a coal mine suddenly turned into an expensive 9.7 billion dollar elephant where gcm have been pulled into and additional 9 billion project to build 3 x 3bn power plants too.That's expensive for a sub 10mill capped company sitting on around 5mill of debt already.
hedgehog 100: "GCM 2020 AGM Shareholder Questions & Responses 5 March 2021 Download pdf presentation here (226.54 KB)" "4 March 2021 GCM Resources plc ("GCM" or the "Company") SHAREHOLDER AGM QUESTIONS Following the AGM, held on Thursday 25 February 2021, the board of GCM (AIM: GCM), a mining and energy company with assets in Bangladesh, is pleased to provide the list of questions which were submitted to the Company by its shareholders, with the responses provided by the Board. This measure is in reaction to the rules for companies working within COVID-19 parameters, where shareholders were unable to attend the AGM. ... Question Can you provide an update on discussions with NFC? Response As announced on 15 October 2020 in RNS 1338C, the Company has signed a Framework Agreement with NFC. In line with the Framework Agreement, the Company is preparing to complete updates on certain studies with NFC in relation to financing requirements. Question Is the Company ready to make a submission to the Bangladesh Government – has this occurred? Response The Company is yet to make a submission on the Phulbari Coal and Power Project (integrated captive coal mine with power plants). Whilst the Company is prepared to make a submission, the COVID pandemic has restricted meetings with government officials. Fortunately, business and the bureaucracy in Bangladesh are showing signs of returning to normal. In preparation for making the submission, the Company is taking advice from its local and international Consultants / Lobbyists, given the scale of the Project and the fact it involves several Government departments and approval processes. ..."
monis: They require 40 MW by 2030. I would suggest Phulbari has to be an option with there present energy partner, Russia, having economic difficulties (putting it mildly) due to sanctions. -------- About GCM Resources GCM Resources plc (LON:GCM), the AIM listed mining and energy company, has identified a high-quality coal resource of 572 million tonnes (JORC 2004 compliant) at the Phulbari Coal and Power Project (the "Project") in north-west Bangladesh. Utilising the latest highly energy efficient power generating technology, the Phulbari coal mine is capable of supporting over 6,000MW power generation. GCM is awaiting approval from the Government of Bangladesh to develop the Project. The Company, together with credible, internationally recognised strategic partners, has a strategy of positioning its proposed coal to supply power plants at the mine-mouth and other coal-fired power projects in Bangladesh. GCM aims to deliver a practical power solution to provide the cheapest electricity in the country, in a manner amenable to the Government of Bangladesh.
hedgehog 100: Baxtea, I don't see that that timescale is a reason for not buying at this lowly (sub £10M.) market cap. Successful mining stocks typically move up by multiples in the years leading up to production, as development milestones are crossed. And a few years for a project of this magnitude is really not a lot. If the market cap. was currently £40-£50M., then maybe we could have a debate about the share price getting ahead of itself, but at this level all the risk looks to be more than in the price. There's also the question of whether the Government of Bangladesh actually have the legal right to block the project. - 25/03/2022 07:00 UK Regulatory (RNS & others) GCM Resources PLC Interim Results 6 months ended 31 December 2021 LSE:GCM Gcm Resources Plc "GCM, through its subsidiaries, is party to a Contract with the Government of Bangladesh which gives it the right to explore, develop and mine in respect of the licence areas. The Group holds a mining lease and exploration licences in the Phulbari area covering the prospective mine site. The mining lease has a 30-year term from 2004 and may be renewed for further periods of 10 years each, at GCM's option. ... GCM has received legal opinion that the Contract is enforceable under Bangladesh and International law, and will consequently continue to endeavour to receive approval for development. Accordingly, the Directors are confident that the Phulbari Coal and Power Project (Project) will ultimately receive approval, although the timing of approval remains in the hands of the Government. ..." You could argue that GCM could attempt to enforce the contract through arbitration proceedings, and would be entitled to significant (£10s of millions) compensation if the Government of Bangladesh will not abide by the contract. But GCM aren't going down this road, preferring to use persuasion, backed up by the project's compelling logic. It would be extraordinary for a project of this size, benefit and profitability not to proceed, and the opponents of the scheme seem to be quite desperate in their arguments, resorting to outright lies that are easily refuted: 'They doth protest too much, methinks'. That sort of desperation is often a bullish sign, and an indication that the pressure and support for approval is mounting.
hedgehog 100: OVERVIEW The Phulbari Coal and Power Project is a substantial, world class coal resource that will support a long life, low cost open pit mining operation and is the only such deposit in Bangladesh that has been subjected to a full Feasibility Study including an Environmental and Social Impact Assessment prepared to international standards. It is a landmark project for Bangladesh and will deliver substantial benefits at the national, regional and local community levels: ▪ Energy security and diversity : The Project has a unique role to play in addressing the country’s electricity demand as its development will provide the basis for a step-change in the country’s electricity generating capacity and also will deliver that large scale electrical power at a lower cost coal-fired electricity tariff than for imported coal. ▪ Regional development : The Project’s mining operation alone will provide 17,000 jobs (direct and indirect). However, many thousands more jobs will be created in industries enabled by utilising the Project’s coal production for power generation, heating and potentially petrochemicals, and from the business opportunities based on the large volume of industrial mineral co-products extracted from the mine’s overburden (which are in high demand but short supply in Bangladesh). Living conditions of all people affected by the Project will be improved, their livelihoods restored and in many cases improved. As a result of year-round irrigation, improved water quality, and improved farming inputs and practices, it will be possible to produce three crops per year with higher yields than at present. ▪ Huge economic impact : The Project will contribute 1.5% or some US$3.4 billion to Bangladesh’s GDP each year and contribute over US$9.0 billion in taxes, royalties and service charges to the Government over the life of the Project. The replacement of high-Sulphur imported coals and other hydrocarbons will have a positive effect on balance of payments and air quality. In partnership with the Bangladesh Government, civil society and the community, GCM is committed to developing the Phulbari Coal and Power Project to the highest national and international social and environmental standards. In this way, GCM aims to maximise the benefits of the Project for both the company’s shareholders and Government and people of Bangladesh, while at the same time minimising any environmental and social impact. PROJECT FAQS ... GCM has committed to improve the living conditions and restore the livelihoods of all effected people. These commitments will be subject to external verification. The resettlement process will recognise the vulnerability of indigenous people. ... ... The cropping intensity in the Project area is currently two crops per year. The Project's Agriculture Improvement Plan will deliver an additional crop per year and higher yields per crop. ... ... The extracted water will be high quality and will be distributed continuously for irrigation and drinking. Natural groundwater levels will be maintained by the proven technique of injecting some of the water into the ground at a distance from the mine site thus restricting the water draw down to the mining area. ...
apfindley: Sorry I forgot to include this earlier.As you were so quick to point out how clueless you were about any money paid by Polo to Dyani Corp....From Polo rns 6 Feb 2020 this is the purchase of Dyanis Gcm shares by Polo for cash."Polo Investments Limited ("PIL") is increasing its direct shareholding in GCM Resources plc ("GCM") by acquiring 13,483,200 shares in GCM for a consideration of GBP1,557,309.60 ("the Consideration") being 11.55 pence per share at its last traded price on 28 January 2020 from Dyani Corporation Limited ("Dyani"). The Consideration agreed is at a 6.5% discount from GCM's last traded share price on the date hereof."
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