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Back in 2005 we raised £33 million on 7 million shares, i think we were around half our present holding then but coals value was half of today's & there was no inclusion off Power Plants, & capx would have been really high getting the coal to market to be sold,we now have it all sold, Gotta ask who it suits keeping the price so low, GCM should really be promoting this the story today is better than ever with GOB needing coal,& to my mind would be much higher with the right PR, TRUE VALUE will SHOW AND WHEN ITS TIME ,
THIS IS GOING TO FLY, Polo,Dyani now have there cheap shares, when the brakes let of should be outstanding
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In November 2005, following submission to the Government of Bangladesh of the Phulbari Coal and Power Project's Feasibility Study and Scheme of Development, the Company placed an additional 7 million shares and raised a further £33 million.
Gooners. our intention is to produce cost effective power if we do our price we would be in the FTSE100.
B.O depending at what stage between £ 3&5 . If our market share cap stays at say 200 million..would be my guess I also believe this is in the short term. Meaning next 12 months..
Let the market be the market, value will Prevail here in the end.
If you really understand the complete story with GCM ,
1,The resource alone is close to 60 billion, CANT EVEN WORK THE VALUE CONVERTED TO ELECTRIC,
2.Its a fantastic project that will elevate massive poverty in the country
3.The PM now has to advance with the country on every level they must utilise own resources[no one will add them with out there active help.
4,Bangladesh has lost its status as a poverty stricken and now gets much less support as it can help its self
5.We have partnered with the biggest in China,who meet all the criteria financially & politicly ,
6,Hasina has openly said we are following China's led they are absolutely about self supporting ,using own coal,
7.Massive crisis facing Bangla is the Rohingya issue, China have absolute influence in Burma,
8.A BIG push now after last weeks visit from Hasina, that involves both our chinese partners pushing with us,
There is much more i could high light , just hold tight
OLD BROKER NOTE BUT OUTLINES VALUE,TO ADD Coal now double the price,& generating end power ,shows the real end value load up while possible,this share is really misunderstood
GCM has a broad understanding of the Phulbari project……;and we believe that political progress towards development has been achieved Fairly valued ahead of approval…?0;but political progress would change the game……and we believe that prospects are improving Looking to the longer-term, we believe that there is significant upside potential beyond the 440p level. This is even after allowing for the dilutive effects of either a share issue or a sale of a part of the project to a joint venture partner to help fund the capital cost of developing the mine. We have looked at this opportunity on two different bases and derive a valuation of 1200-1500p/share. The most important factor here is the level of the development fund-raising as this has a direct effect onthe level of dilution incurred.Overall, therefore, while we value GCM at around 200p we set our target price at440p to reflect our view of its future potential. Beyond this, we consider that there is significant additional upside potential to somewhere between 1200p and 1500p.
The massive iron ore mine that is also going to be developed in our area, PC & NFC, Would be a great fit,,
bigger picture the devil is in the detail and that RNS ,at this moment along with PC & NFC OPENLY PUSHING NOW,After meeting last friday with Hasina ,
GOING TO BE A GREAT SUMMER/AUTUMN/
GCM,,Well What a Start Now with outstanding support , PC will now actively join us in gaining approval , just after last friday's meeting with the PM, [one of Bangladesh biggest issues/crisis rohingya & only China can influence Burma, apart from the energy,infrastructure,investments etc, ]Jointly pursue the necessary approvals for the Phulbari Coal Project from the Government of Bangladesh;· NFC and PowerChina shall endeavour to procure the auspices of the Government of the People's Republic of China to facilitate the Project under its One Road, One Belt Initiative;
This is just the start much more too come,
Day traders selling thats all right now,, we are in bed with the worlds largest ,have a company whos owners invest and run it, in a country that needs much more than cash, & China can and will solve infrastructure & political situations, they all but run burma i have spent much time there,,
POWERCHINA wins two EPC general contracting projects in Bangladesh
POWERCHINA Hubei Engineering Co Ltd was recently awarded contracts for the Burirhat 33 kilovolt and Lalbag 33 kV power station EPC projects by the Bangladesh Power Development Bureau.
Bangladesh serves as a bridge between Southeast Asia, South Asia and the estuary of the Ganges River. However, the development of power grids in the country has been lagging behind the country's increasing demand for power.
In 2017, the Hubei company began construction on the Nawabganj 100 megawatt heavy oil power plant project, and the company's excellent performance record was highly praised by the Bangladesh Power Development Bureau.
As a large number of power grid projects began to be established, the bureau invited the company to participate in contract bidding in order to continue supporting the development of Bangladesh's power market.
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POWERCHINA entered the Bangladeshi market in 1997 and has actively participated in the South Asian country's development ever since. Bangladesh is a part of the Belt and Road.
Over the past five years, more than 20 member companies of POWERCHINA have participated in Bangladesh's market development. They have invested a lot of human resources in planning and design, projects, operation and maintenance, and have achieved fruitful results.
POWERCHINA currently has 14 projects underway in Bangladesh, worth a total of $4.7 billion.
Read more
GP, i just have people on ignore , GCM,s story is really misunderstood by many on here they will likely miss out[the company are at fault for no PR] , myself not felt this confident in years,, and the news will come in ways unexpected ,& misunderstood ,
GL all
WELL IM FULLY LOADED & really optimistic, this is going to be a great few mths
Beijing’s support of Bangladesh was evident in the 27 agreements for investments and loans signed by the two countries – amounting to a reported US$24 billion – when President Xi Jinping visited in 2016.
Net foreign direct investment from China into Bangladesh exploded after Xi’s visit. It reached US$506 million in the 2017/2018 financial year, according to the Bangladeshi newspaper The Financial Express , a substantial increase from US$68.5 million in 2016/2017.
Chen Wei, deputy chief of mission at China’s embassy in Dhaka, declined to say what proportion of loans made up the deals signed in 2016. But he stressed that concerns about China creating a debt trap for Bangladesh were a “total misunderstanding” and “smears” that were “totally groundless”.
Economics
Move over, ‘Made in China’. It’s the ‘Made in Bangladesh’ era now
Soaring wages at home have seen many Chinese firms set up shop in Bangladesh, boosting its economic growth, expected at 8 per cent this year
But while there has been a backlash against Chinese investments and workers in the Philippines and Indonesia, Dhaka is more welcoming
“Bangladesh right now is like China when China was first opening up [in the 1970s],” said Lam, 53, who oversees 3,700 workers in the factory. “Bangladesh is using the China model to grow its economy.”
Pretending ?, not sure what that means in this context,
10yrs your correct ive been trading GCM,
& the story today seems more compelling or equally of 10yrs ago,
this to my mind offers much too much ,to now be ignored, and my thoughts are simply it will happen , any holding back will just be adjustments in meeting any requirements the GOB may produce, for me i look at the whole picture over10yrs ,
you of course could be correct Reso ,im putting money behind my opinion ive been buying,
if you had the same confident you would be shorting ,are you ? out of interest ,
I disagree.it would not be publicized until proposal. From that meeting would be much fed back. She is pushing the country now but has to date stalled. On the energy when we propose it will be with every .corner covered it's almost a living document . I'm buying did Friday have today.if she is rolling over her son will take over.and he will want part of it.that will enhanced our SP. We will be so close to my mind
There never would be an announcement here & now,
Think about it this is the biggest deal by far @ around 16 billion we have not yet Officially proposed ,we will be well versed in all objections and met them all, Friday Hasina was meeting CEO,S Power China being a main investor would have been there this would have been mentioned ,
we put proposal in and create J/V with our mining partner, this is looking better by the minute i took more today ,once this starts it could/will really fly,,,there could be possible offers with the different countries wanting to have a foot hold,,we are a fantastic buy load up is what ive done,and would buy more on any weakness,,,[It would never be proposed at a general press conference but will be known about,,will be press coverage ,will be so much positive news, cheapest power,own supply,massive job creation,local MP along with locals, a lift for all locals,, when this starts it will /could be a huge run,
Great Article, & reassuring , thankfully we have crossed & addressed the issues these face ,with multiple in depth reports, worth noting Dyani & GCM will be also covering all objection before we propose anything, hence the slight delays imho,
we are ready to go,
but we of course will have to be of maximum service to both the people of Bangla,& remain a business the scope has we all know is immense ,, its hard been a long road for many of us ,but to my mind seems closer than ever,
Bangla stay stuck or move forward, i still have belief this is a must ,cant see the country being able to not use this resource, GL All