GCM Resources Share Chat (GCM)

It took me a few days of strategic thinking and analysis but I finally decided to go all in and topped up with a couple of trades this morning. This time next year......................I'll make £1

Purely stating the facts Tiggy
Remember you many years ago, with all your crap ramping in here.
Anyone who wants clarification, just look at Tiggys history, it’s all there for everyone to see.
As I keep saying, prove me wrong and whilst your at it why have none of your ludicrous ramps ever come true !!

Flowkey, it's actually all very amusing ! :-)

Talking of false promises,
Where is that other bullsh.tt.r Itiswhatitis ??
No doubt hiding under the same rock lol !!

Morning Gooner,
You’ve only got to look at Tiggy’s posts in the past.
Another one of the Marv,Gpback, Kinabalu, Bees, Altube gang with all their false promises.
Need I say anymore.

So Tiggy, you had this long conversation but you didn’t quite get his name? Aha right

Talks haven’t slowed down …. They have blooming stopped!

I did speak to the company about three weeks ago, it may have been Keith, but he didn't give his name. I did ask if we were any further forward as regards discussions \ the proposal, but was told discussions had slowed down due to EID, and any updates would be via a RNS.

I am hoping the company can get this over the line before the next elections in December. Just very frustrating :(


.
s

I have also emailed Keith on multiple occasions and got nothing back

Judging by the low and declining share price it doesn't look like proposal will be anytime soon unfortunately.

Can't seem to get any response via email

Us shareholders deserve an update!

From the Sunday Times article specific mention of Blackouts in nearby Countries:
“ He suggested coal
could
surge above $600 a tonne and
still be cheaper than the liquid
natural gas (LNG) that coun-
tries are buying to replace
Russian gas.
Europe is turning to the US
and Colombia to top up coal
supplies. This is driving prices
higher,
leaving
traditional
buyers in the dark. Blackouts
have recently struck countries
such as Sri Lanka, ****stan
and Australia.”
We know countries like Bangladesh are having problems paying for LNG. How is Hasina going to explain what she has done to avert blackouts. She needs to get that mine at Phulbari under way asap.

Wtf is Tang doing. What is he waiting for? Is he even alive?

GCM has been within finger touch of game changing news for so long it becomes senseless, ridiculous and makes the bod seem incompetent.

Article from today’s Sunday Times Business News:
Energy crisis sends Europe
back into the arms of Old
King Coal
The fuel was supposed to be on its way out, writes Jon Yeomans, but
with war in Ukraine it is firing up again
War has unforeseen conse-
quences. And so it proved last
week, when Germany's politi-
cans, dido n nonced Sic tua
ordered coal power plants to
fire up in the face of soaring
gas prices stoked by Russia's
invasion of Ukraine.
"From now On,
gas is
a
scarce commodity," said econ-
omy minister Robert Habeck,
a member of the Green Party
that is now part of Germany's
coalitiongovernment.
He added that there were
"no taboos"
in the hunt for Energy security,
suggesting
Germany's phase-out of coal by
2030 could be delayed. Minis-
ters have even floated the idea
that Germany's dwindling fleet
of nuclear power stations
could be kept online beyond
their shut-off this year
an idea long considered verboten
in a country that, under for-
mer chancellor Angela Merkel,
shunned atomic energy after
the Fukushima disaster in
Japan in 2011.”
Hasina needs to approve mining of Bangladesh’s own coal immediately to show she is taking steps to address the Energy crisis in Bangladesh. There is more to the article but the point to note is that Major Government’s around the world are reversing their reductions in coal because they believe it is vital to address an energy crisis that will take many years overcome. Hasina has lost any political or environmental cover she had about coal when all major powers around the world are increasing the use of coal. Clearly they all support using your own coal rather than importing it. Hasina’ legacy will be the lights going out and many factories closing in Bangladesh. Her party will stand no chance of being re-elected.
Mr Tang needs to press GCM’s case now by presenting the proposal and forcing Hasina to make a decision in a public forum.

Not yet UKmIcky !

At least they havn't said "Will the last one out close the door!".

I do think that the BOD are a disgrace. Next to zero updates, even if there is nothing of real note they still owe it to the shareholders to stay engaged but there is nada. niente, nish, nothing !!

Hi Gooner same as you, funny thing is I mentioned the 3 year plus wait but as you know I have been waiting about 12 at least now :-)

Jazzer, without any hint of news or updates it does not breed much confidence but until the fat lady sings then the dream is still alive. I guess the reason the majority have not sold at around these levels is that at this point you may as well stay in and see it out. I for one have written this off so anything on the upside will be a bonus!

It is very frustrating. I know Dyani and any of the pr/consultants etc are happy to take payment in shares which should make us confident that they think things are going the right way, but if they are the ones who keep selling does this not mean they are getting paid for doing not a lot. Surely the payments should be triggered on milestones achieved, I'm not sure any have been achieved in the 3 years plus we have been waiting. Hope I'm proved wrong but the silence is deafening.

Interesting read, re Solar proposal Bara, and still we wait.
https://www.tbsnews.net/bangladesh/energy/summit-plans-50mw-floating-solar-plant-barapukuria-submerged-lands-443918

This was the original date for submission.

At the time of signing the MOU, GCM and PowerChina had anticipated submitting a formal proposal to the Government of Bangladesh by 28 February 2019. Unfortunately, this deadline was not achievable with more time required for preparation of power proposals, including tariff calculations, and identification of an appropriate potential mine development partner.

Three and half years late so far. Very frustrating.

Bythesea, We have strong support at around 4p which seems to mean that news is expected soon? Ask Hedgehog the professional investor, you know, the one who pops up very now and then to post a load of tosh to suit his agenda when there really is nothing to say .......

Forgive me if I’m wrong, but we haven’t put in a proposal to the GoB yet? How can we expect the green light if we aren’t even asking. Why haven’t we asked? Someone please explain what I’m missing.

ps. I’m not ramping or deramping, genuinely unsure. I’m long here, and for a long time!

It is gross negligence on the part of the Bangladesh Government not to mine Phulbari as a matter of urgency. Government’s around the world are increasing coal production as 80% of global power still comes from fossil fuels. The people of Bangladesh are now suffering power cuts and power is becoming unaffordable relying on very expensive imports. Hasina knew this would happen and has failed to address it for years. Phulbari could have been producing coal and affordable power now. I hope the opposition and the people demands that she resigns so that the power crisis can be addressed.

More Bangla pain with LNG prices.

https://ieefa.org/resources/global-lng-outlooks-point-rough-waters-ahead-bangladesh

"Since October 2021, Bangladesh has been forced to purchase LNG at between US$30-37 per million British thermal unit (MMBtu). At these prices, a single shipment can cost US$110-135 million. This is five times the cost in May 2021 and 10 times the cost in May 2020".

Shops and other businesses, gov depts to shut after 8pm to save power
https://www.indiatvnews.com/news/world/bangladesh-power-crisis-to-go-all-extents-just-to-save-energy-all-shops-to-be-shut-after-8-pm-2022-06-18-785551