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GCM Resources Share Chat (GCM)



Share Price: 17.75Bid: 17.00Ask: 18.50Change: 0.00 (0.00%)No Movement on Gcm Resources
Spread: 1.50Spread as %: 8.82%Open: 15.75High: 18.25Low: 15.625Yesterday’s Close: 17.75



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herb6345789
Posts: 583
Off Topic
Opinion:No Opinion
Price:17.75
No I didn't
Today 20:01
I didn't say I would buy in at 2.5p or at any other price. Where did that come from? Your mind, perhaps?
 
GPback
Posts: 2,296
Off Topic
Opinion:Strong Buy
Price:17.75
RE: comments by ministers
Today 19:35
Those ministers are the same ones that will send our sp to 10 pounds.

You don't think we will ever get approval but you would buy in at 2.5p - you said so yourself.

You are a chancer herb.

But you have no chance.
herb6345789
Posts: 583
Off Topic
Opinion:Sell
Price:17.75
comments by ministers
Today 19:31
Unfortunately ( or not ) what they say to reporters doesn't reach the vast majority, because so many are illiterate and don't read newspapers at all, let alone in English. The Daily Star, which boasts, even by its own figures, a circulation of 41,150-Wow- that's about 0.02% of the population.
Maybe the other 99.998% of the population of Bangladesh hear what the ministers have to say on the TV, but then what with the power cuts, who knows?
CF73
Posts: 1,452
Off Topic
Opinion:Strong Buy
Price:17.75
RE: Recent Power Outages - B'Desh
Today 15:58
Same story from another paper;

http://www.thedailystar.net/frontpage/power-situation-improve-today-1216318

In a rare move, State Minister for Power and Energy Nasrul Hamid has apologised to the nation for the disruption in power supply over the last one week and hoped things would be normal by today.

“I'm sincerely sorry as common people at different parts of the entire Bangladesh, including Dhaka city, Chittagong and northern region, have been suffering due to the power supply disruptions,” he said in a Facebook post on Wednesday night.

The supply of fuel oil across the country through waterways was hampered seriously as water vessel workers had been on a strike over the last one week to realise their various demands, he added.

“That's why, electricity generation at oil-based power stations had been badly affected and it [power production] has marked a fall by 1,600 megawatts. At the same time, irrigation for cropland has also stagnated due to the crisis of fuel,” Nasrul observed.

Meanwhile, the power, energy and mineral resources ministry emailed a press release yesterday afternoon which said the disruption was due to some unavoidable reasons.

Saying that the situation would improve soon, it urged the people to have patience and use electricity sensibly.

The level of load shedding was decreasing gradually yesterday as most oil-based power plants that had suspended production over the last few days started coming back online.

These plants, which had little to no storage facilities for fuel, could not generate around 500MW to 800MW of power as they ran out of fuel.

The waterways transport workers' strike began on April 20 and as they withdrew their strike late Tuesday, supply of oil to these plants resumed.

“We are hoping that a good part of the load shedding will be taken care of within a day or two,” said a Power Development Board (PDB) official. “Some load shedding may continue if there is no rain,” the official said.

“Due to the continuing heat wave, the efficiency of power generators had dropped, this has also reduced power generation to some extent,” he pointed out.

The PDB had been supplying up to 8,300MW, the highest ever in the country, until last week. Despite the ongoing heat wave, this supply could meet most power demand. Load shedding was almost zero.

More than 60 percent of the country's power is generated from gas-based plants, while oil-based power plants generate around 2,800MW power. Another 600MW is imported from India, while hydro- and coal-based plants contribute 300MW.
CF73
Posts: 1,452
Off Topic
Opinion:Strong Buy
Price:17.75
View Thread (2)
Recent Power Outages - B'Desh
Today 15:56
[Not sure if posted already - but ongoing power shortages and excuses];

http://newsnextbd.com/power-outage-makes-life-miserable-in-bangladesh/

Power outage makes life miserable in Bangladesh

Dhaka – Power stoppage coupled with scorching heat wave across Bangladesh have made the life miserable.

The government has blamed on-going strike at shipping lines for the shortfall in electricity generation as transportation of furnace oil, the prime raw material for power, remained suspended for nearly a week.

State Minister for Power, Energy and Mineral Resources Nasrul Hamid told reporters that the strike has aggravated the crisis as power generation stalled in some of the plants because of the shortfall of fuel supply.

According to the Power Development Board statistics the day’s peck hour demand for electricity in Bangladesh was 7,121 megawatt on Wednesday while the demand in the evening peak time was 7,713 megawatt on the same day. The actual production was on Tuesday during day pick hour was 6741 megawatt and evening peak hour was 7,344 megawatt.

The junior minister assured that the problem will be resolve in a couple of days as the strike in the riverine routes was supposed to be ended through negotiation.

The workers at the private shipping lines called the strike on April 21. They rejected a proposal by Shipping Minister Shahjahan Khan on Thursday.

In Dhaka, power cut has no bound nowadays. In some places residents get electricity supply for only 10 hours a day. The situation in other parts of the country is worsened as the people in the countryside generally get load shedding in every alternative hour.

Everyone cannot afford to diesel-run generators, which has become the alternative to main grid power supply.
CF73
Posts: 1,452
Observation
Opinion:Strong Buy
Price:17.75
View Thread (3)
RE: Barapukria calls for EoI for Di..
Today 12:49
Good stuff Bees and GP.

It's worth also reminding that BCMCL have been involved in official early studies to explore the feasibility of Open Pit mining at Northern Barapukuria, including Water Modelling (the work for which was undertaken by the Institute of Water Modelling - IWM - and submitted late 2014). BCMACL had approved IWM's report and sent it to the relevant departments for final revew. Why havent we heard anything since?

Incidentally, it was late 2014 that Hasina approved that 1320MW coal-fired plant. We haven't heard anything about that;
http://www.dhakatribune.com/bangladesh/2014/oct/12/now-1320mw-coal-power-plant-planned-barapukuria

Is the silence related/connected?

Also, we know there are a number of mine of a lost being considered for development, along PSCs mechanism for working with international expertise, managment and capital;
http://energynewsbd.com/details.php?id=516

This bearing in mind that Jamalganj no longer viable, vastly reducing options;
http://www.dhakatribune.com/bangladesh/2016/apr/20/no-trace-extractable-methane-gas-jamalganj
GPback
Posts: 2,296
Off Topic
Opinion:Strong Buy
Price:17.75
View Thread (3)
RE: Barapukria calls for EoI for Di..
Today 12:08
"Thus to meet the demand the government is going to develop the local coal mines."

This statement should focus our minds.
beeshoney
Posts: 449
Off Topic
Opinion:Strong Buy
Price:17.75
View Thread (4)
Barapukria calls for EoI for Dighip
Today 11:37
this article spells it out,

State-owned Barapukaria Coal Mine Company Ltd (BCMCL) has invited for expressions of interest (EoIs) from international firms to conduct the feasibility study for the development of Dighipara coal field at Dinajpur.

ABM Kamruzzaman, General Manager of Planning and Environment of BCMCL told energynewsbd.com that the firm will develop and carry out complete geological and geo-technical studies.

“Through those studies, we will determine technical and economical feasibility of Dighipara,” he said.

Kamruzzaman also said that the study will cover the following areas: exploration planning, supervision and management of exploration activities. After getting EoIs from prospective firm, we will prepare a shortlist.

“After having those studies being conducted, we will seek request for proposal (RFP) documents and other relevant papers from the shortlisted firms only.”

He informed that the last date for submission of EoI is on May 15 this year. “The feasibility study will start on October 2016. The tentative completion date has been fixed on March 2019,” he said.

In 1995, Geological Survey of Bangladesh discovered Dinajpur’s Dighipara mine. The mine has proven to have a coal reserve of 150 million tonnes.

The government has a plan to set up series of coal-fired power projects to generate 20,000MW of electricity by 2030. But no arrangement has so far been made to import coal for the projected goal.

Thus to meet the demand the government is going to develop the local coal mines. However, all the planned coal-based power plants still remain on paper for coal sourcing crisis.

The BCMCL develops the country’s lone coal mine, which has a reserve of 390 million tonnes stretching over 6.68 square-kilometres in Parbatipur upazila.

- See more at: http://energynewsbd.com/details.php?id=511#sthash.vBmQx4px.dpuf
SGbaby
Posts: 4,943
Off Topic
Opinion:No Opinion
Price:17.75
View Thread (4)
Progress
Today 11:35
This news flow is amazing.
There is more progress being made now than ever before imo. Having been in here for 6 years maybe, I really think this is starting to look like it might be about to get an official green light.
I don't tend to post much anymore, but I'm here.
Good to see the old crew back and active
GLA
beeshoney
Posts: 449
Off Topic
Opinion:No Opinion
Price:17.75
View Thread (2)
real growth
Today 11:31
now i have a idea that would create real gdp growth, plus,,,, implement your own resources




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