Gcm Resources Share Price (GCM)

Share Name Share Symbol Market Type Share ISIN Share Description
Gcm Resources LSE:GCM London Ordinary Share GB00B00KV284 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 21.75p 55,395 08:00:00
Bid Price Offer Price High Price Low Price Open Price
21.50p 22.00p 21.75p 21.75p 21.75p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.01 -1.60 13.7
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Gcm Resources (GCM) Latest News

Gcm Resources News

Date Time Source Headline
02/7/201812:53ALNCGCM Resources In Discussions With Dyani Corp Over Consultancy Deal
02/7/201809:25ALNCFAlliance News Flash Headline
02/7/201809:23UKREGGCM Resources PLC Power Plant Consulting Agreement - Update
17/4/201807:01UKREGGCM Resources PLC Holding(s) in Company
10/4/201810:15UKREGGCM Resources PLC Holding(s) in Company
10/4/201807:00UKREGGCM Resources PLC Issue of Equity
22/3/201817:11ALNCGCM Resources Shares Fall As Pre-Production Costs Widens Interim Loss
22/3/201816:02UKREGGCM Resources PLC Interim Results
21/3/201817:23ALNCGCM Resources Inks EPC Pact For Bangladeshi Power Project
21/3/201816:23UKREGGCM Resources PLC Contract Framework Agreement
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Gcm Resources (GCM) Discussions and Chat

Gcm Resources Forums and Chat

Date Time Title Posts
16/8/201813:13GCM - Long termers, banter & research27,151
27/5/201821:59Will GCM get approval in ....JUNE ?6
13/11/201619:59GCM - a new dawn in Bangladesh - some facts and figures28,153
18/10/201405:02Global Coal Management Plc - A broader universe68
17/7/201404:15GCM .... She's about to go BALLISTIC5

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Gcm Resources (GCM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
11:40:2121.605,0001,080.00O
11:25:4221.5525,0005,387.50O
10:26:0021.60982212.11O
10:18:2021.604,413953.21O
08:50:5721.8120,0004,361.18O
View all Gcm Resources trades in real-time

Gcm Resources (GCM) Top Chat Posts

DateSubject
16/8/2018
09:20		Gcm Resources Daily Update: Gcm Resources is listed in the Mining sector of the London Stock Exchange with ticker GCM. The last closing price for Gcm Resources was 21.75p.
Gcm Resources has a 4 week average price of 20p and a 12 week average price of 20p.
The 1 year high share price is 53p while the 1 year low share price is currently 20p.
There are currently 62,861,031 shares in issue and the average daily traded volume is 55,216 shares. The market capitalisation of Gcm Resources is £13,672,274.24.
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06/8/2018
14:17		baxtea1: Today 12:44 Price: 22.75 ToeDipper 89 posts RE: ..not looking good in Dhaka... And if GL was granted and they didn't sell what is the potential these shares could reach in 12 to 18 months? Today 12:38 Price: 22.75 ToeDipper 89 posts RE: ..not looking good in Dhaka... Is general opinion that GCM will sell as soon as (if) they get a GL? What do we think the shares would be bought for? 2? 3? More? GCM wouldn’t sell if green light was given, why would they, been stated at AGM’s. SP on green light would see £3+ based on historical highs & taking into account GCM being a different beast these days. 12-18 month price is impossible to call imo as first commercial coal wouldn’t be due till 3 years after SOD approval anyway. Doubtful you’d see share prices as predicted in the cazenove broker note. Share price has been dilluted by 3 times, no longer any other assets & no longer any cash in the bank since those days. Still, massive return here on project approval. But being granted that elusive approval could still be years away. No evidence in my realistic mind that it will be anytime soon
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19/7/2018
14:53		baxtea1: Todays volume & share price says it all, nothing to see here this year
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19/7/2018
14:47		mickb1234: There's not a lot to discuss about the company at the minute Michael. What do you think of the current trading activity and the share price rising inexplicably? Suspicious do you think?
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21/3/2018
20:48		legionnaire2: Pappiklon How do see the GCM share price upon a harmonious green light ? Are the Cazenove and other broker notes still in any way indicative ?
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12/3/2018
15:24		goodbloke1: You have only got to look at the history of the share price that the only way a huge sustained upward movement in share price will take place in my opinion is if there is government approval which has had people on tender hooks for years! Any other news eg Fridays when the rampers were out in force is a side show.I agree with that comment .I will buy sub 20p and tuck away for a year or too
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10/3/2018
10:55		888icb: ‘We Look forward to assisting GCM in progressing both the MINE and the power plant For the benefit of Bangladesh “ Those are the words used by the head of the massive Chinese state infrastructure company that has just entered into the Joint Development Framework Agreement with GCM. All the usual derampers who have appeared as usual should note the specific reference to progressing the MINE as well as the Power plant. If anyone thinks a large Chinese Infrastructure Company is going to spend time and money developing a power plant right by the Phulbari coal project and that they think the coal project won’t proceed,needs to seek help. This is the best news GCM has had in a long time and their Chinese partner will have serious influence at the highest levels of Government. This should be seen as a massive vote of confidence in the future of GCM and mining at Phulbari. This news should justify a much higher share price and it will be disappointing if it doesn’t test the 52 week high of 52p next week.
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23/2/2017
09:27		tburns: From that link Shaun "The reasons EE is important for Bangladesh are: (i) domestic natural gas is depleting very fast; (ii) despite having significant deposits of high quality coal, the country is unable to mine it; " UNABLE or UNWILLING!!! Change of President, change of attitude, how much longer can they ignore this gargantuan resource they are sitting on. Technology exists to extract coal in more eco-friendly ways now compared to the past. Some people will need to be relocated but for the greater good of Banga's economic survival going forward. Oh, and the GCM share price!!
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29/9/2016
09:18		thebullyboy: Old evo note but worth a read with sensible spectacles on hxxps://www.scribd.com/document/50775047/GCM-L-GCM-Resources-11-03-11 Investment rationale There can be little doubt that Phulbari is a significant coal deposit. Therealisation of value from the resource depends on government approval of GCM’s Scheme of Development. We believe that fundamental progresstowards approval has been achieved as the current government has setalleviation of the country’s energy crisis as one of its principal objectives.As the proposed mine and an associated power plant could generate 25% of Bangladesh’s electricity, approval would help the government showprogress on meeting these objectives ahead of elections in late 2013. The potential GCM Resources holds mining and exploration licences in northwest Bangladeshwhere a resource of some 572Mt of mixed thermal and semi-soft coking coal hasbeen outlined to date. We believe the thermal portion will find a ready market inBangladesh with any surplus exported to growing Asian markets. Indeed, thestructural shortfall in electricity generation capacity across Bangladesh – which islikely to be exacerbated as demand grows with economic and social developmentand natural gas reserves are depleted – should see increased focus on coal as analternative. There is currently no domestic demand for the semi-soft fraction and sowe expect this will be exported until a local industry develops.Of course, there remain a number of hurdles that need to be jumped ahead of thestart of construction. Not least of these is the company resolving the variousenvironmental and social concerns to the government’s satisfaction. Of these thereare two key elements: resettlement and water management. First, the companyneeds to continue with its work to win local acceptance for its major resettlementprogramme. Second, its proposed quality-enhancing water management systemshave been demonstrated to government and this should also help its case.Looking forwards, a mine producing up to the company’s target of around15Mt/year, of which about 20% could be higher value semi-soft coking coal, standsto generate a significant profit margin over a long mine life. While we take a moreconservative approach to production potential we recognise that there is scope toincrease output and hence the value of the project significantly. Valuation We have completed a number of valuations of GCM based on a range of parameters.These show that the group is currently worth around 200p but that it would increaseto 440p on the approval of the Scheme of Development. Longer term, minedevelopment could see the shares increase to over 1200p, and maybe as high as1480p even after allowing for an equity issue to cover part of the construction cost. Recommendation While the recognition of value remains dependent on the government of Bangladeshallowing the company to proceed with mine development we believe that this ismainly a matter of timing. Various political factors need to be overcome to achievethis aim – but power shortages in the country are the key driver here and these areonly expected to worsen – putting further pressure on politicians to find a viablesolution. We believe that GCM offers the most obvious of solutions. Buy. A significant coal resource…̷0;with a known route to production…230;although, as it remains of indeterminate length……the time value of money hasto be considered in valuation...…despite which we believe that there is a binary recommendation outcome…at some stage Company description Coal has been known in northwestern Bangladesh for many years but it wasnot until BHP Billiton was granted licences over the area that the economicpotential of the Phulbari deposit became apparent. Following a change of strategy by BHP Billiton in the late 1990s the licences were assigned to thecurrent ownership group. Mine development was subsequently delayed bypolitical changes within Bangladesh. However, we now believe that a periodof stability and increasing power shortages will soon lead to approval of theScheme of Development and start of mine construction. Historical context The Phulbari coal deposit was first outlined by BHP Billiton in January 1997. Thisfollowed the completion of gravity and seismic surveys together with a programmeof drilling which confirmed the presence of a Permian age coal deposit. Given otherissues faced by BHP Billiton it decided to divest of a number of non-core assets in1998. This included the licences covering the Phulbari deposit which were assignedto a special-purpose company – Asia Energy Corporation (Bangladesh), now thelocal subsidiary of GCM Resources. The legacy of BHP Billiton ownership is aUS$1.00/t royalty payable, as a result of subsequent corporate transactions, toWestern Coal / Walter Energy.A pre-feasibility study was undertaken in 2000 on the basis of data generated byBHP Billiton and additional geophysical information that had not been available priorto the assignment of the licences. This study concluded that an open pit minecovering the deposit could be economically viable.Subsequently, in 2004, Asia Energy, the ultimate parent of Asia Energy Corporation(Bangladesh) listed on the Alternative Investment Market in London. At the time, thegroup raised about £14m which was spent on a feasibility study incorporating fullenvironmental and social impact assessments and a Scheme of Development. Thiswas submitted to the government in October 2005 and the company subsequentlyraised £32m in order to fund initial development.Unfortunately, political upheaval in Bangladesh led to a suspension of decision-making and the company had to slow progress on the project. This situation remainsin place today, although the electricity supply shortfall within the country has beenexacerbated over the interim period. Alleviation of the energy issues remains a keyplank of the government’s manifesto as described in more detail on page 12.These delays encouraged the company to look further afield and were the reason fora change of name from Asia Energy to Global Coal Management and subsequentlyGCM Resources. The company has also seen a change in senior management sincelisting with the appointment of Gerard Holden as Chairman and, anticipating minedevelopment, Steve Bywater as Chief Executive.Investments in coal projects and companies in other parts of the world generatedprofits and these have enabled GCM to progress the project with additional studiesof the economic potential. In the background, the political situation has eased whilepower supply issues have risen up the political agenda. We believe that this willeventually be the overriding factor which will encourage the government to approvethe Scheme of Development. Moreover, the large number of jobs that will be createdmay garner further support ahead of the next scheduled elections in 2013. Deposit first outlined by BHP Billiton in 1997……with a pre-feasibility study completed in 2000The company listed on AIM in2004……but political upheaval prevented progressCash invested to ensurelongevity̷0;…and Bangladesh is now movingforwards Valuation GCM’s valuation is dependent on the Bangladesh government’s approval of the Scheme of Development for the Phulbari mine. Without this, thecompany has some infrastructure and other assets in the UK andBangladesh together with its current cash and listed investments of around£18m – perhaps worth around 36p/share – plus long-term option value onthe scope for eventual development of the project. Development approvaleffectively exercises that option and we believe, after allowing for asignificant capital raising, could generate a present value of up to US$3bn. Summary valuation GCM Resources stands somewhere along the path from a major deposit to a cash-flow generating mine. Given all of the work that has been completed to date – fromgeological, financial and socio-political perspectives – we believe that there is abroad understanding of the potential of the project.Moreover, the political developments in Bangladesh bring additional progress, albeitthat they could still create barriers which could hold up the company’s advance for awhile. Nevertheless, we believe that the underlying energy squeeze in the country,which hinders its economic development, will ultimately encourage the governmentto grant approval for the mine. On a current basis we believe that the shares are probably fairly valued at theircurrent level. In our view, this represents an option on the overall size of theresource and the potential profitability that could accrue from development.However, the exercise of that option would result in changed input parameters andwe believe that this is looking more likely given the underlying political changes thathave been wrought in the country. In particular, we expect there to be an increasingmove towards development of a power generation alternative to gas given both thedepletion of this fuel within the country and its wider use.Progress on the permitting front would, we believe, have a significant positive effecton GCM’s share price and we believe that it would move towards our 440p targetprice. While these target prices are normally structured on the basis of a 12-monthtime frame, in this instance we believe that timing is too dependent on politicalevents beyond the company’s control to be able to determine the time-line with anydegree of accuracy.As discussed on pages 10 – 12 we believe that some political progress has beenmade and that the end-2013 elections represent a very important trigger. Indeed, adecision in the next few months would probably enable the start of ground worksprior to the elections – implying a significant hiring and investment programme inthe country. GCM has a broad understandingof the Phulbari project……;and we believe that political progress towards development has been achieved Fairly valued ahead of approval…̷0;but political progress would change the game……and we believe that prospectsare improving Looking to the longer-term, we believe that there is significant upside potentialbeyond the 440p level. This is even after allowing for the dilutive effects of either ashare issue or a sale of a part of the project to a joint venture partner to help fundthe capital cost of developing the mine. We have looked at this opportunity on twodifferent bases and derive a valuation of 1200-1500p/share. The most importantfactor here is the level of the development fund-raising as this has a direct effect onthe level of dilution incurred.Overall, therefore, while we value GCM at around 200p we set our target price at440p to reflect our view of its future potential. Beyond this, we consider that there issignificant additional upside potential to somewhere between 1200p and 1500p.
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29/7/2016
12:02		caledoniaman1: Who is at it manipulating this stock ? This RNS statement was released by the company only 3 months ago :- GCM Resources PLC Statement re Share Price Movement 12/04/2016 2:30pm UK Regulatory (RNS & others) Gcm Resources (LSE:GCM) Historical Stock Chart 6 Months : From Jan 2016 to Jul 2016 Click Here for more Gcm Resources Charts. TIDMGCM RNS Number : 9689U GCM Resources PLC 12 April 2016 12(th) April 2016 GCM Resources plc ("GCM" or the "Company") (AIM:GCM) Share price movement The Directors of GCM Resources plc (AIM:GCM), a resource exploration and development company, have noted the recent rise in the price of its shares. They are not aware of any disclosable price sensitive information in relation to the Company which has not already been made public. The Company remains wholly focused on pursuing the necessary approval from the Government of Bangladesh for the Phulbari Coal Project to proceed with the next stage of development. The Directors are confident that an agreement can be reached which satisfies the objectives of both the Government and the Company.
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26/4/2013
20:24		mrshaungcm: another tool bites the dust Quick Picks Quick Tools Home Share Prices Stock Picker Financial Diary UK Indices UK Industry Sectors Company Lookup Share Risers Share Fallers Broker Ratings Finance Glossary SMS Services Share Chat Finance News Blogs Live Prices Shares Bookshop Finance Tools Members Portfolio Watchlist SMS Management Premium Services What's New User Settings Logout Latest Share Chat TEF. the 15k buy wa- s mine in last minu.. GBO. Well done brig- htty news spot....... MAGP. Rita's gone r- und the IIs chattin.. ECR. Thanks for the welcome, actuallyu.. SRT. still interest- ed in MOS but borro.. NTOG. where do you see us year end GCM. Ref iii mailin- g list offer, would.. IMM. Thanks - nick_- buckley@ h ot ma il.. PFD. Robert Schofie- ld was indeed the C.. FTO. As I don't pos- t on that site...ex.. Home::Share Prices::Gcm Resources Share Price::Gcm Resources Share Chat Gcm Resources Share Chat (GCM) GCM Share Price GCM Share News GCM Share Charts GCM Share Chat GCM Share Trades GCM RNS GCM Directors Deals GCM Live Share Price GCM Broker Ratings Get GCM SMS Updates GCM Financial Diary GCM Fundamentals GCM Level 2 Console GCM Media Share Price: 16.25 Bid: 16.00 Ask: 16.50 Change: 0.00 (0.00%) Spread: 0.50 Spread as %: 3.13% Open: 16.25 High: 16.25 Low: 16.025 Yesterday's Close: 16.25 Share Discussion for Gcm Resources (GCM) Regular Share Chat Premium Share Chat Filters Thread View Post a message: Subject:Opinion: characters left Message Type: Please read our rules before posting Posts per page: 1234567891011 hola Posts: 80 Off Topic Opinion: No Opinion Price: 16.25 SJ75 aka rRomeo29Today 20:20Ref iii mailing list offer, would be appreciated berrill.michael@btinternet.com Enthusiastic, but green. Watched this share chat for 5 years now. Regards
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