Share Name Share Symbol Market Type Share ISIN Share Description
Gcm Resources Plc LSE:GCM London Ordinary Share GB00B00KV284 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.25 1.96% 13.00 400,802 15:37:57
Bid Price Offer Price High Price Low Price Open Price
12.50 13.50 13.25 12.50 12.75
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -6.02 -6.14 15
Last Trade Time Trade Type Trade Size Trade Price Currency
16:08:39 O 12,583 13.14 GBX

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Date Time Title Posts
21/10/202001:10GCM - Long termers, banter & research46,840
04/9/201907:26GCM Resources - Now a Serious Takeover Target28
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
2020-10-20 15:08:4013.1412,5831,653.41O
2020-10-20 14:41:1212.7711,8291,510.56O
2020-10-20 14:38:2213.1530,0003,945.00O
2020-10-20 14:37:5013.007,000910.00O
2020-10-20 14:19:2213.0020,0002,600.00O
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Gcm Resources (GCM) Top Chat Posts

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 12.75p.
Gcm Resources Plc has a 4 week average price of 9.50p and a 12 week average price of 9.50p.
The 1 year high share price is 27.75p while the 1 year low share price is currently 7.25p.
There are currently 118,581,630 shares in issue and the average daily traded volume is 2,842,335 shares. The market capitalisation of Gcm Resources Plc is £15,415,611.90.
malcolmyoung: 17.01 - yes, its the Loan Notes. But the share price has gone up ......hah hah hah - our resident pundits true to form. Never mind, tomorrow is another day. Don't forget folks -- GCM will BE COLOSSAL..
888icb: If they still feel the need to protest in London after 14 years they clearly aren’t being very successful. Utterly pointless because they can’t be delisted for being a coal company. Even if they were delisted it wouldn’t make any difference to GCM’s right to mine at Phulbari Or to GCM as a Company. The annual protest is a pointless non event. Now why would Polo keep loaning money to a company where it holds 30% of the shares? It’s not rocket science is it? Polo believes that GCM will be very valuable and hence its shareholding will be very valuable. It is therefore also happy to take shares in exchange for its loan. The problem Polo would have if it wanted to convert its shares now is it would have to make an offer for the whole company as it’s shareholding would go above 30%. But there is no reason why it would want to convert the loan notes at this point and will be happy to make its money when the green light is given for Phulbari.
apfindley: See....this takes you to the day of the latest rns being 6 months after the below was released..14 April 2020GCM Resources plc("GCM" or the "Company")(AIM:GCM)Extension of MOU with NFC and PowerChinaGCM Resources plc, an AIM quoted mining and energy company, announces that, further to its announcement of 13 J anuary 20 20, it has agreed an extension of the memorandum of understanding (" MoU ") with China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd. ("NFC") and Power Construction Corporation of China, Ltd. (" PowerChina "), for a further six months, on the same terms as previously announced, in view of the current coronavirus disease pandemic .
888icb: Let’s look at a recent comment on the share price. Zac Mir looking at the charts is predicting that the share price will rise towards 35p in the next few weeks. So let’s see how that pans out as we await further news which should not be far off based on the last RNS.
apfindley: 12 years of stalemate..Thats so funny I have to paste it here too incase the rampers are afraid to admit they clicked it.........Stmnt re Share Price Movement Released : 20/06/08 09:01RNS Number : 1664XGCM Resources PLC20 June 2008PRESS RELEASE GCM Resources plc ('GCM')The Board of GCM notes the recent changes in the GCM share price and confirms that it is not aware of any new developments in its business or expectations to account for such changes.The Phulbari Coal Project, as described in the 2007 Annual Report, remains the priority for GCM and the Board of GCM is committed to receiving approval for the Scheme of Development. GCM notes the recent press reports that the Coal Policy is being finalised but GCM has not been notified of this. The Board continues to work positively with the Government of Bangladesh to gain approval for the project.GCM will advise the market on any substantive developments as and when communicated to GCM.
pwhite73: GCM would have put out that statement on Thursday for only one of two reasons:- 1. They are closer to an agreement with the GOB over Phulbari. 2. They intend to raise cash on the back of the share price rise. My take is that Coronavirus pandemic has changed everything. The GOB can no longer afford to refuse cash injections from China or from anywhere for that matter. The garment industry that represented 80% of their exports has been decimated, some 4 million have lost their jobs. Over the longer term the GOB were intending to replace coal power with imported LNG (Liquified Natural Gas). This appeased foreign western governments that are part of the global clean energy/climate change strategies and projects and the locals that would have been displaced and disenfranchised. Coronavirus pandemic has left foreign governments in dire straits (look at our economy for example) and have no money to prop up developing countries like Bangladesh anymore. Unable to export garments due to low global demand and with no money to pay for imported LNG the GOB has been forced to look at its own resources. China is looking to increase investment in Bangladesh and wants the Bangladesh economy to be reliant on it. Hasina faces the same old question the countries on the African continent faced. Independence and zero money or Chinese dependency and a growing economy. Coronavirus has forced her hand irrespective of any anti-coal power public announcements she makes.
888icb: I only point investors in the direction of what GCM says so they can make their own mind up rather than read the lies and fake news of long discredited derampers. Framework Agreement with NFC GCM Resources plc, an AIM quoted mining and energy company, announces that, further to its announcements of 11 July 2019, and 13 J anuary 20 20, in respect of the memorandum of understanding (" MoU ") with China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd. ("NFC") and Power Construction Corporation of China, Ltd. (" PowerChina "), it has now signed a framework agreement with NFC, valid for 12 months, in relation to the Company's world class 572 million tonnes (JORC 2004 compliant) high grade coal resources at the Phulbari Coal and Power Project in North-West Bangladesh (the "Project") (the "Framework Agreement") . Pursuant to the Framework Agreement, the Parties have agreed t o establish a joint venture entity, which will be responsible for progressing and implementing the Framework Agree ment. GCM and NFC shall meet on a regular basis to discuss and arrange works relating the Project, including but not limited to, the definitive feasibility study and financing. It is intended that NFC will acquire an interest of 5% of the joint venture entity from GCM based upon a valuation of the Project to be agreed upon with GCM or its affiliate or investment partner holding the balance of ownership of the Project.
apfindley: This from September 2020.... "We write to you in regard to an urgent investigation and overdue de-listing of a company on the London Stock Exchange (LSE). The company is called the GCMResources plc. (GCM), formerly known as "Asia Energy". GCM is listed as a mining company on the London Stock Exchange's Alternative Investors Market (AIM). They are selling shares in London's share market in the name of a project called "Phulbari coal project", which does not exist. The company does not hold any valid asset to operate in Phulbari and does not have permission for mining anywhere in the world.We would like to draw your attention to fraudulent activities of GCM, and would like to hand over some key documentation about the company's unethical business, thereby asking you to undertake an urgent enquiry into GCM's business and to consider de-listing GCM from LSE."
longjohnsilver1: Like this one Fusion98 Posts: 182 Price: 0.00 No Opinion RE: GCMToday 12:36 With polo de-listed there is little to prevent him from liquidating assets and keeping the proceeds for himself to offset losses in purchasing these companies from Dattles. The cash will probably go to prop up GCM which has been hemorrhaging money for years. The PM of Bang has clearly stated GCM will never be approved and she has 3 years left, GCM doesnt have enough cash to last 3 years. As for the MOU today, its just that "a memorandum" and means sweet FA. No investment has been made, no money changed hands. If GCM does ever get the green light to produce a mine then the finance package will drown out all PI's leaving them with 5% of their current holdings or less, if you don't believe me check out how finance worked for GKP or SXX.
apfindley: Because polo are now unlisted and dont have to worry about compliance or keeping shareholders in the loop really.As the only first line creditor because of the loan notes, its on their interest for gcm to be in admin and they can claim the assets in lieu of the notes.If they do convert the loan notes for shares however they still win, as they will control around 70% of voting power with dyani and be able to pass whatever resolutions they choose, and push gcm to be unlisted.You do know who actually owns the mystery dyani? Yeah. That company with no history, brought in as supposed consultants to do the work which gcm directors were already being paid to do.Then dysni were paid in shares, which they then gave to polo in exchange for polo shares, so they could continue to be paid more shares without going over 30%, and polo then unable to be repaid the loan notes without going over 30% too. What a mess.
Gcm Resources share price data is direct from the London Stock Exchange
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