GCM Resources Share News (GCM)

UK WINNERS & LOSERS: EasyJet And TUI Travel In Different Directions

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday.

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FTSE 100 - WINNERS

Vodafone, up 2.9%. The telecommunications company has confirmed its ful

GCM Resources Notes Press Speculation Over Bangladeshi Coal Policy As Share Price Jumps

LONDON (Alliance News) - GCM Resources PLC Wednesday said it knows of no other reason for its recent 62% share price increase other than the possible finalisation of the Government of Bangladesh's Coal Policy. The resource exploration and development company said that press speculation in B

GCM Resources narrows half-year losses

GCM Resources narrowed its half-year losses as the miner cut administrative costs by more than a half. The company reported a loss after tax of £518,000 for the six months through December, compared to a loss of £2,1m a year earlier. Administrative expenses dropped to £343,000 from £564,000. The

GCM Resources Loss Narrows As It Cuts Administrative Costs

LONDON (Alliance News) - GCM Resources PLC Friday reported a narrowed loss for the first half of its financial year as it cut its administrative expenses by over half, and said it would now engage with the re-elected Bangladesh government to progress the approval process for its coal prospect in

LONDON (Alliance News) - GCM Resources PLC Friday reported a narrowed loss for the first half of its financial year as it cut its administrative expenses by over half, and said it would now engage with the re-elected Bangladesh government to progress the approval process for its coal prospect in

GCM Resources Pretax Loss Widens On Exceptional Items

GCM Resources disposes of stake in Polo Resources

London-based mining company GCM Resources announced Friday it sold its investment in Polo Resources. The group's 74.8m shares in Polo, representing a 2.7% stake, were sold as one block to an undisclosed Malaysian investor for £1.9m. GCM made a total return, including dividends, of £2.8m on its or

GCM Resources Director steps down

GCM Resources announced Wednesday the resignation of Director Graham Taggart. Taggart will continue to provide consulting services to the mining company as he steps down effective immediately. Executive Director Gary Lye and Non-Executive Chairman Gerard Holden will work together to cover the rol

GCM back in profit

Mining firm GCM Resources swung back into profit in the year to the end of June despite its principal asset in Bangladesh remaining undeveloped. The firm posted a pre tax profit of £2,25m, compared to a loss of £4.2m in the 2010. Diluted earnings per share came in at 4.2p. GCM said it had disposed

Polo boost from potential Caledon offer

AIM-quoted Polo Resources will be a winner from a bid for coal miner Caledon Resources. The intended offer for AIM-quoted and ASX-listed Caledon from Guangdong Rising Asset Management (GRAM), which is worth 112p cash per share and values the company overall at £252m, still has to get over a number

Small caps round-up: Avocet Mining, Panmure, Evolve Capital...

Avocet Mining is on the up again after increasing new proven and probable ore reserve at the Inata gold mine in Burkina Faso and a mine life extended to 2018 at an average annual production of 120,000 ounces. The new mineral reserve of 16.3m tonnes grading 2.06 grammes per tonne for 1.08m ounces o

Polo Resources Hasn't Had Further Notification Of Interest From Weiss

LONDON (Dow Jones)--Polo Resources Ltd (POL.LN), said Thursday it notes press speculation following the notification that Weiss Asset Management LP that it holds a 10.6% interest in Polo, adding it has received no further notification of interest from Weiss. MAIN FACTS: -Press speculation al

GCM Resources chairman buys in

Coal mine developer GCM Resources' non-executive chairman Gerard Holden has bought nearly £45,000 worth of shares in the company. He took 50,000 at 89p a time. The shares closed at 92p going into the weekend. GCM is hoping to develop the Phulbari Coal project in Bangladesh, pending approval from