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Https://www.lse.co.uk/ShareTrades.html?shareprice=GCM.GB.PL&share=Gcm-Resources-Plc
Couple more biggies on here for your Searcher.
‘3:1 placing’
’get removed soon’
Careful jamess or your
‘I’m invested here’ mask will fall off 😂😂
Jamess check this:
02-Apr-24 13:43:25 7.25 24,634 Buy* 1,786 O
02-Apr-24 14:37:43 7.00 24,634 Sell* 1,724 O
He’ll have as much cash as you have brain cells soon. Lol
SP is creating a new support as it bounces around 6-10p the last few weeks. This and background buying/selling are reasons price is being manipulated, clear for all to see.
Within 150k worth of share trades the buy price went from 6.7 to negotiated trade at 7.5p (less than 10 grands worth of trades).
Plenty of funding options per conversations held at AGM - everyone here assumes Tang takes this up himself hence a discount, what if it’s someone Government or China affiliated taking it? Definitely won’t be a discount offered there boys…and the price will rocket!!
With us being so close to transformational news anything is possible and a strategy of being ‘in’ at the pennies while awaiting pounds feels like the right one for me!
YKIR that’s fair. Just making you aware if you weren’t already re support and how these things play out, so you don’t lose out hoping for cheaper entry.
Someone bought up 200k shares earlier today, delayed buy just printed. They don’t care about support or resistance and are banking on boom!
YKIR we’ve known about fundraise for months, the SP is creating support at 6p area and has been for weeks. If you’re a believer and have sold your full holding while in this trading zone for short term gains, don’t be foolish and sit out while we approach bottom of the zone.
The same way they’ve moved it down on little, the same way they’ll take it back up on the same as they have done previous 3 times.
Project Type Thermal
Total Capacity (MW) 2000
Active Capacity (MW) -
Pipeline Capacity (MW) 2000
Project Status Permitting
Project Location Rangpur, Bangladesh
Project Developer GCM Resources; Power Construction Corporation of China
Description
The project is being developed and currently owned by GCM Resources and Power Construction Corporation of China. The company's ownership stake in the project stands as 80% and 20% respectively.
It is a Steam Turbine power plant. The fuel will be procured from Phulbari coal mine.
The thermal power project will consists of 2 turbines each with 1,000 MW nameplate capacity.
Development status
The project construction is expected to commence from 2025. Subsequent to that it will enter into commercial operation by 2027.
Contractors involved
Power Construction Corporation of China is expected to render engineering procurement construction services for the coal fired power project.
**Project status is Permitting. How do these guys know this? It was previously in a Dormant status. From the website Power Technology, very reputable in this space.
further to your comments yesterday phulbari. the fact no anti phulbari squad has mobilised to date, given press releases, energy minister openly talking open pit mining tells its own story (probably the full story).
a lot has changed since 2005, namely it was hasina’s first term (public and international image had big importance) with 2024 she’s just been reelected for her last….
20 years in govt later she’s (hopefully) realised imf loans are bleeding them dry (take neighbouring ****stan as a prime example), with recent investment from in main the chinese govt, bangla are moving in the right direction. mining what’s in their back yards needs to be done now by them or it will be done later to pay interests on debt by someone else.
If you’re a regular reader of the bb and believe jamess is invested in GCM then more the fool you. This is the same guy shouting sell and anti tang at 2p because he got shafted out of his polo holding. He’s been subtly (today) and not so subtly (past few weeks) deramping ever since..i understand trading with caution and i know a salty individual when coming across one and he is certainly the latter.
Last week he was suggesting hypothetical scenarios, such as ‘what if power china pull funding’. This week it’s placement. Lol
Power China inked deals worth over CNY1.1 trillion (USD152.4 billion) last year, a 13.2 percent increase on the prior year.
⬆️ I don’t think they’ve stuck around GCM 6 years, lobbied government and carried out a joint proposal just to pull the plug on less than 0.5% of last year’s investments.
Searcher is right in suggesting any placing won’t have the slightest difference over a shorter to medium term and IF it is done before the end of May it’s been done because approval also arrives before the end of May with someone wanting a piece of the cake (likely someone Tang affiliated) imo.
You might have missed chat the other day but Professional the illiterate stalker is here because he’s stalking wise owl.
Just filter his rubbish, anyone with half a brain cell knows he’s an idiot.
There are no shorts on GCM. Ignore the attention seekers and focus on the investment case.
Multiple funding options available as per Keiths comments at the AGM end of Feb…if approval hasn’t arrived by then…!!
‘We are more confident than we have been in recent years that we are getting closer to a political breakthrough for the Phulbari Coal and Power Project. When this happens, we are ready to deliver the benefits and investment returns that our patient shareholders deserve.’
It’s only a matter of time!! GLA
Launched in August 2016, Yicai Global is the English-language news service of Yicai Media Group, the financial news arm of Shanghai Media Group, which is one of China's largest state-owned media conglomerates. Focused primarily on China's business world, Yicai Global is dedicated to provide reliable and insightful information and analysis of the economy, finance, tech, startups, and entrepreneurs.
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The state tightly controls all the info given via these news channels ranking 179/180 (only bettering North Korea) for press freedom.
The fact it’s being talked about as essentially a ‘done deal’ on state affiliated news sources is more than we’ve ever had before, if optimism doesn’t hit you in the face for your investment, nothing will…then add all the other layers to it……!