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GCM Resources Share Chat (GCM)



Share Price: 34.00Bid: 33.00Ask: 35.00Change: -0.50 (-1.45%)Faller - Gcm Resources
Spread: 2.00Spread as %: 6.06%Open: 34.50High: 34.50Low: 32.50Yesterday’s Close: 34.50


Share Discussion for Gcm Resources (GCM)


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Searcher
Posts: 36,113
Observation
Opinion:No Opinion
Price:37.25
View Thread (4)
RE: Well
14 Jul '14
Hipposyawn, bloody ramper ..... lol
 
Hipposyawn
Posts: 831
Off Topic
Opinion:No Opinion
Price:37.00
View Thread (4)
RE: Well
14 Jul '14
Buys starting to come in to the close, looking good for a flat or positive finish.

Jeez, im turning into a mindless ramper
steveho
Posts: 3,802
Off Topic
Opinion:Hold
Price:36.75
View Thread (4)
RE: Well
14 Jul '14
Big u turn from Chowdhury and so Hasina,as it was not long ago they weren't going open pit instead to concentrate on food production.

If we can maintain these levels we should get a further boost from the official OECD verdict,some coal policy news would be a bonus as they're 3mths from putting the spade in the ground.

£1.625 end of month
Hipposyawn
Posts: 831
Off Topic
Opinion:No Opinion
Price:36.75
View Thread (4)
Well
14 Jul '14
Disapointing day after all the expectations over the weekend. But, we have seen GCM react like this over and over again to good news.

Positives though, we hit a 52 week high today & have given hardly any of Fridays massive gains back :-)

30 mins to go, could go either way.
okenia
Posts: 2,359
Off Topic
Opinion:No Opinion
Price:36.75
View Thread (4)
RE: POL owns a big stake in GCM
14 Jul '14
An efficient-market-hypothesis person would say that markets always correctly value everything, there is no such thing as undervalued ;)

I do however agree with you, and I own Polo in addition to GCM. It's not going to re-rate 10-fold though, whereas if the SOD goes ahead then GCM will go through the roof.
SharechatAIM
Posts: 343
Off Topic
Opinion:No Opinion
Price:37.75
View Thread (4)
RE: POL owns a big stake in GCM
14 Jul '14
yes but it still seems very undervalued, even look at the 52 weeks lows and where we are now, polo resources is on the top gainers list today as we speak....
okenia
Posts: 2,359
Off Topic
Opinion:No Opinion
Price:38.00
View Thread (4)
RE: POL owns a big stake in GCM
14 Jul '14
The two companies have different MCaps though. POL owns 28% of GCM, but GCM isn't 28% of Polo's NAV. It's nearer to ~ 2.7% based on the last published NAV.

It's very ballpark especially given the recent drift in Pol's SP, but for every 30% rise in GCM one would expect a ~ 3% rise in Polo. It's not going to "catch up" in quite the way you think.
SharechatAIM
Posts: 343
Off Topic
Opinion:Strong Buy
Price:38.25
POLO resources looking cheap - GCM
14 Jul '14
Just saw this on the POLO resources website, in my opinion polo resources is cheap indeed with all their investments on the site. here is that extract re GCM in case anyone missed it here...

Coal Projects, Bangladesh
27.80% equity interest

GCM has identified a world-class coal resource of 572 million tonnes (JORC compliant) in Northwest Bangladesh, called the Phulbari Coal Project (“the Project”). The Project is a substantial coal resource with potential to support a long life, low cost 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. The Project has the potential to produce high quality export grade coal at competitive average stripping ratios and low operating costs, for an initial estimated 35 year mine life. GCM has recently had a change of management and since then raised funds via a share placement in which Polo participated.

Over the next 12 months GCM will continue in discussions with the Government of Bangladesh to progress the Project.

DYOR
SharechatAIM
Posts: 343
Off Topic
Opinion:Strong Buy
Price:38.25
View Thread (4)
POL owns a big stake in GCM
14 Jul '14
POLO resources is still undervalued and yet to catch up with the rise here i think, worth a look as its also trading near its 52 weeks lows, interesting recover play i think. DYOR
Essexorcist
Posts: 643
Off Topic
Opinion:No Opinion
Price:38.25
thanks fjs
14 Jul '14
ok good stuff, thanks!



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