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GCM Resources Share Chat (GCM)



Share Price: 25.00Bid: 24.50Ask: 25.50Change: -0.25 (-0.99%)Faller - Gcm Resources
Spread: 1.00Spread as %: 4.08%Open: 25.25High: 25.50Low: 24.25Yesterday’s Close: 25.25


Share Discussion for GCM Resources


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GPback
Posts: 6,081
Opinion:Strong Buy
Price:25.25
RE: Bangladesh Country Commercial Guide
Today 09:51
Bees, once the whole country is connected to electricity they’ll then want to use it!!

We are well placed to provide it. Tick tock.
 
ToeDipper
Posts: 443
Opinion:No Opinion
Price:24.25
RE: GP
Today 09:49
Food is coming!

Brilliant, I didn't know you had ordered anything.

I haven't yet!

True story

TD x
ToeDipper
Posts: 443
Opinion:No Opinion
Price:24.50
RE: GP
Today 09:45
GL is coming?

You do know GCM have not even submitted a proposal yet don't you?

We need to ask 1st before we can be given permission, so at the moment it isn't coming at all because we have not submitted our proposal.
beeshoney
Posts: 2,872
Opinion:Strong Buy
Price:25.25
Bangladesh Country Commercial Guide
Today 08:31
ALL WE NEED KNOW, is here

Bangladesh - Power & EnergyThis is a best prospect industry sector for this country. Includes a market overview and trade data.
Last Published: 12/10/2018
Overview
Demand for electricity in Bangladesh is projected to reach 34,000 megawatts (MW) by 2030 and the Government of Bangladesh has plans to increase power generation beyond expected demand to help propel growth in the export-oriented economy and to meet the demands of a growing middle class. Total investment in the sector over the next 15 years is estimated at $70 billion. While installed generation capacity including captive power (as of June 30, 2018) has increased to 18,753 MW, shortfalls exist due to poor distribution infrastructure and a mismatch between the types of energy plants and fuel mix available. Private power production units are approaching half of total installed capacity.

Only two-thirds of Bangladesh’s population is currently connected to the electricity grid. This indicates an untapped potential market of up to 60 million people connecting to the national grid in coming years as Bangladesh continues its growth trajectory.
The fuel mix of Bangladesh’s power plants is heavily based on natural gas. The Government of Bangladesh plans to reduce dependence on natural gas and move towards coal with plans to generate 50 percent of total electricity using coal-based power plants by 2030. Other solutions include importing electricity from neighboring countries, importing liquefied natural gas (LNG), and expanding use of renewable resources, including solar and wind.
GPback
Posts: 6,081
Opinion:Strong Buy
Price:25.25
RE: GP
Today 07:42
Yes, they are actively encouraging B&R Initiative enterprises being engaged with the GoB and I’m expecting this to be the forum where Phulbari is brought to, discussed, agreed and taken to Hasina from.
mercedesman
Posts: 1,676
Opinion:No Opinion
Price:25.25
GP
Today 00:22
Great find mate.

GL is comming
GPback
Posts: 6,081
Opinion:No Opinion
Price:25.25
RE: Coal war
Sun 22:26
“Asia accounts for 85 per cent of new coal power development in the world’s top 20 coal producing countries, with China as the leader of the pack. However, while tighter restrictions on domestic coal plants have been imposed by the central government to curb pollution, Beijing has pushed the development of high-efficiency, low-emission coal plants across Southeast Asia as part of the “Belt and Road Initiative”.
GPback
Posts: 6,081
Opinion:No Opinion
Price:25.25
RE: Great news
Sun 20:18
“What is also very important that Indo-China relations over the last 10 years have improved phenomenally. India is one of the largest trading partners of China. Their relations are improving. So we need not to worry that one is at the cost of the other.

“This is not a zero-sum game. It’s a positive-sum game. We get benefit with all these initiatives and we should place ourselves into these.”

Ambassador Zhang Zuo said the Bangladesh-China Silk Road Forum is being established “at the right moment when there is a lot to be achieved”.

“Bangladesh’s diplomatic policy of “friend to all, malice to none” and President Xi Jinping’s ‘Thought of diplomacy’, both have provided new opportunities for win-win cooperation for our two countries,” he said.

“Bangladeshi people’s dream of a strong and wealthy nation, manifested in the dream of Sonar Bangla, and the Chinese dream of national rejuvenation pursued by the Chinese people, are interconnected.”

Zuo hoped that this forum “could pay attention to telling good stories about China-Bangladesh friendship, passing on the voices in the communication and exchanges between our two countries, and building this forum into an important bridge for China-Bangladesh connectivity.”

Next year, Bangladesh and China will mark the 45th anniversary of diplomatic ties. “We need to work together to create a congenial atmosphere for cooperation and deepen our policy connectivity and people-to-people bond, so as to bring more benefits to both our peoples, and push the China-Bangladesh relations into a better new era.”

BNP’s Moyeen Khan congratulated Dilip Barua to take the initiative and said China’s BRI is important for balancing the world order.

“Purely western domination cannot bring good to total population,” he said. “There needs some kind of balance in the world.”

“As it [BRI] unifies the world through the process of development, the BRI in fact is a global project,” he said.

“We’ll move in the sense of a competition, not conflict which has become an apparent trend in the western world.”

Columnist Abul Maksud described Prime Minister Sheikh Hasina “pragmatic” for maintaining balanced relations with both India and China.

CPB Presidium member Abdullah Al Kafi Ratan expressed “solidarity” of his party with this new Forum.

Hasanul Haq Inu, who was the information minister of Hasina’s last cabinet, said this forum will act as a bridge between the regional and sub-regional forums.

The BRI will increase connectivity, increase the tourism industry, increase economic development and trade, he said. “It’ll be a great boost for the economic development of Asia,” he said, urging all in Bangladesh irrespective of political parties to support the BRI.

They also
GPback
Posts: 6,081
Opinion:Strong Buy
Price:25.25
Great news
Sun 20:16
https://defence.pk/pdf/threads/awami-league-bnp-unite-to-launch-bangladesh-china-silk-road-forum.619198/

The major political forces in Bangladesh, including the ruling Awami League, its rival BNP and leftist parties, have joined hands to launch the Bangladesh China Silk Road Forum in a bid to facilitate China’s Belt and Road Initiative (BRI).

The forum was launched at the National Press Club on Saturday and will serve as a ‘coordinating body for promoting cooperation with China and other member countries’, said its chairman Dilip Barua, also the general secretary of Bangladesh Samyabadi Dal.

BNP’s standing committee member Abdul Moyeen Khan, Awami League’s advisory council member Mozaffar Hossain Paltu, JaSod’s Hasanul Haque Inu and Sharif Nurul Ambia and columnist Syed Abul Maksud are among the vice-chairmen.

The Communist Party of Bangladesh and the Workers Party expressed their solidarity with the initiative during the programme and were allotted two vice-chairmen posts in the forum.

Journalist Shahiduzzaman Khan of Financial Express is the member secretary of the 49-member executive board in which Dr Wahedul Islam, Bimal Biswas, Prof Delwar Hossain, and Dr Mostaq Hussain of JaSod will serve as members, among others.

The full committee will be formed soon, said Inu while announcing the names of the chairman, seven vice-chairmen, one secretary general, two joint secretary generals one treasurer, publicity secretary, office secretary and 20 members.

Prime Minister’s International Affairs Adviser Gowher Rizvi and Chinese Ambassador in Dhaka Zhang Zuo also attended the ceremony and lauded the move as a “timely” initiative.

Bangladesh joined the BRI during Chinese President Xi Jinping’s visit to Dhaka in 2016. The initiative aims to rebuild the old Silk Road to connect China with Asia, Europe and beyond through massive infrastructural spending.

However, the initiative has been the subject of controversy in many western capitals, particularly Washington, which views it as merely a means to spread Chinese influence abroad and trap countries into debt through “nontransparent” projects.

India did not join the BRI, citing concerns over China’s projects with Pakistan. Some analysts say India is not comfortable with Bangladesh’s participation in the initiative.

“This is the time,” Rizvi said about the new Forum, adding that the government does not see any conflict in the relations with India and China.

“Our support and participation in BRI does not exclude us from participation in other initiatives such as Indo-Pacific strategy,” he said as India is one of the key partners of the strategy pursued by the United States.

“We in Bangladesh do not see any conflict between the two. Both these have their own reasons and purposes. Both of them will advance our goal and prosperity,” he said.

“What
glaw
Posts: 340
Opinion:No Opinion
Price:25.25
RE: Maiden gross profit....
Sun 16:07
Good luck with that cylindrix
Crystalball58
Posts: 263
Opinion:No Opinion
Price:25.25
My apologies bythesea1973,,,,,,
Sun 08:34
quite right you are,,,let's hope that your prediction is right.
All the best,,, ;>))
bythesea1973
Posts: 67
Opinion:Strong Buy
Price:25.25
RE: ...Sinohydro....
Sun 00:50
I said May 22nd, my birthday.
mercedesman
Posts: 1,676
Opinion:No Opinion
Price:25.25
RE: ...Sinohydro....
Sat 22:32
Correcto

Litigation = 40p-£1

GL £5-£7

Hell itll go to 50p just on the proposal submission
GPback
Posts: 6,081
Opinion:Strong Buy
Price:25.25
GoB give thumbs up to China B&R
Sat 17:45
Crystalball58
Posts: 263
Opinion:No Opinion
Price:25.25
Hi GPback,,,,,
Sat 17:42
500p would be fantastic if it got there it really would and would make a lot of people serious money after years of investment,,,however my personal thinking is that i'm not sure that it will because AIM is a very different medium to what it was just going back 2 or 3 years. Hopefully i'm wrong only time will tell. To be honest if sp got to £1 plus I would buy everyone a drink on here lol... GLA ;>))
GPback
Posts: 6,081
Opinion:No Opinion
Price:25.25
RE: ...Sinohydro....
Sat 15:49
On the green light we should be north of 500p!!

Mercedesman said 40-100p a share after litigation of getting costs back given no green light!
Crystalball58
Posts: 263
Opinion:No Opinion
Price:25.25
RE: ...Sinohydro....
Sat 12:56
mercedesman good afternoon,,,,,,,your posting 'say's it all' imo.......I think that there is a lot of frustration with investors like myself on this BB. I also think one of the reasons for this is because it's the same old conversations repeating themselves daily.....It really is the frustration of 'waiting' for something to happen,, GL etc.......40p-£1 I will absolutely go along with that on a positive RNS I too said this a couple of months ago. Strangely enough it's the same old story on all my other investment boards like thr, xtr, prem, solo, uru, to name but a few. This will definitely come good I feel it in my blood but it's a game of hold and patience.

On a bit of fun side :>)) Jupiter123,, you win the 'sportsman's bet' that a few of us had regarding RNS GL announcement. Even though we are still waiting your date was the furthest out!!! Good Luck All. ££££ ;>))
GPback
Posts: 6,081
Opinion:Strong Buy
Price:25.25
RE: ...Sinohydro....
Sat 12:35
Yes it’s a no lose investment at these prices assuming we would get compensation if we were frustrated into taking the GoB to tribunal for the money spent exploring.

We have probably 6-9 months left on out deal timing to make this work.
mercedesman
Posts: 1,676
Opinion:No Opinion
Price:25.25
RE: ...Sinohydro....
Sat 12:23
My take on it “as an investor” not a trader is more akin to GP, i have no need for these funds, could happen next month or in 5yrs, makes no odds, were either getting GL and boomage, Buyout, or compensation to the tune of 40p-£1 so i see little risk, just a matter of patience.

Personally i think the GL is inevitable as large resource deposits around the world become harder to find.

Will sit quietly (confidently) and see what happens. Got GGP to keep me entertained in the meantime

: )
ToeDipper
Posts: 443
Opinion:No Opinion
Price:25.25
RE: ...Sinohydro....
Sat 11:21
Gp don't take this as a personal attack because it's not however I strongly disagree with some of the things you said.

Firstly it's not just traders who are frustrated it's investors short and long term. And I'd say it's a mixture of fear and frustration. These comments of "we must be" close to this that and the other are simple not true based on the long history of this share.

Absolutely nothing is certain. Nothing is confirmed and it doesn't take much digging whatsoever to see people on this and other boards have been claiming the GL is close and could come anytime for quite literally years. So the hesitation to get too excited is 100% justified.

The people saying GL imminent 5 years ago where probably as convinced as the people saying it today.

The fact is this share as been nearly there and ever so close many times previous so it would be foolish to be naive enough to think THIS time is different.

TD x
GPback
Posts: 6,081
Opinion:No Opinion
Price:25.25
RE: ...Sinohydro....
Sat 10:10
We must be getting close to the announcement of a miner. Then it’s all in the details of the deal, the inclusion in the the B&R Initiative, and the proposal to the GoB.

A lot of people seem stressed at the sp. Who cares until the green light is given! That’s when the fireworks will fly. Only traders are frustrated.
gggg21
Posts: 4,553
Opinion:No Opinion
Price:25.25
RE: ...Sinohydro....
Sat 08:45
Shenhua group. Typo on my behalf.
rickyroman
Posts: 434
Opinion:No Opinion
Price:25.25
...Sinohydro....
Fri 19:49
...are not a mining company. but a construction company building bridges, power stations, ports and infrastructure projects.

Unlikely to be mining Phulbari.
gggg21
Posts: 4,553
Opinion:No Opinion
Price:24.50
RE: PLAN,
Fri 07:54
https://www.rfa.org/english/news/china/bangladesh-investor-05162019192122.html

Whenever i question why we are still waiting i just look at the signing ceremony that took place with the top dogs from powerchina being there, making the effort to be in bangladesh with the chinese chamber of commerce for bangladesh and having the photo took with all the hurrah. Just waiting on that major coal minier news which you would bet very good money is Synhadro due to the Chinese link and state owned operations of Powerchina and CGGC (always forget it is both of these backing it)




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