Member Info for lovely

Being a Bengali, I’m only trying to help with the translation. When you go into 3mins 50 seconds , around there where they mention that it has been trading in the share market illegally but like I say guys, this video is positive for me as. It looks like they’ve got a whiff of news and are trying to be negative about!

Please do not think I’m being a deramper for I move been more than 16 years and feel we’re so closer than ever !

Hopefully not long now , and we get rewarded for our patience !!

Meant to say ‘not being able to translate it properly’

Kalbela seems against for Gcm to get the green light which is why they’ve produced this video which for me is positive for they’ve probably got a whiff of something that this is going to happen which is why they’ve done this video.

They seem to think that apparently Gcm have been trading illegally in the share market but that’s stupid for Gcm wouldn’t have been able to trade had they done this!!!!

They are against Gcm which is why theyre saying things that don’t makes sense .

They also mention how Sheikh Hasina has said previously about not letting this happen but like I said, I’m seeing this video as positive for they’re taking negative of Gcm

Sorry I’ve not being able to translate it people for I’m find g it hard to translate back into English!

Hi Stats,

After seeing the video, do you not feel like Kalbela is not with Gcm for this to happen as they say that there is no connection between Gcm and government and that the shares have been trading illegally in the share market . But it does feel like they’ve received information and they don’t want this to happen!!

How Nasrul Hamid’s view has flipped 360* !

Am I reading your comments right ??!!!! You’vechNged your tune , right???!!!

Me too!!

Luv this bit :

State Minister for Power, Energy & Mineral Resources Nasrul Hamid has recently said that it is not possible to leave so much coal underground and import it. “Sooner or later, we will have to extract coal locally. For this, local people will be paid adequate compensation.”

Good find Wolfe!

This is out in the open now!! What more prove do you need?!!!

You are desperate!!!

Hi Gp! Nice to see you here you again . Was thinking of the long term investors and you were one I had not seen !

Alhamdulillah !!! Amazing news, waited so long for this to happen and finally, it seems we are closer than ever .

As said previously , we’ve already got investors who want to invest in our company . That won’t be a problem

Today 07:00

RNS Number : 9073F

GCM Resources PLC

07 March 2024

7 March 2024

GCM Resources plc

("GCM" or the "Company")

Warrants Exercised

Share issue - Consultants & Director

Director/PDMR Shareholding

GCM Resources plc (LON: GCM), an AIM quoted mining and energy company, reports an exercise of warrants.

Warrant Exercise

The Company has received a notice to exercise warrants over 606,060 new ordinary shares of 1 pence each in the Company ("Warrant Shares") at an exercise price of 1.65 p per Warrant Share, raising £10,000 for the Company.

Consultant's Shares

The Company also announces the issuance of new ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") as payment of consulting fees in accordance with the consultancy agreement announced on 22 August 2022, with DG Infratech Pte Ltd ("DG") (the "DG Agreement") (together, the "Agreement").

The Agreement provides that new Ordinary Shares would be awarded to DG, and thus the following monthly consulting fee will be settled via the issuance of new Ordinary Shares:

· in lieu of DG's retainer fee for the period from 1 January 2023 to 31 December 2023 of £180,000, the Company will issue 4,363,636 new Ordinary Shares to DG.

GCM confirms that following the issue of new Ordinary Shares, DG will be interested in 4.165% of the Company's enlarged issued ordinary share capital.

Under the terms of the DG Agreement, there are no restrictions on disposal of the shares issued in respect of the retainer fees issued to DG, which are intended to cover the respective consultants' costs in performing their services.

Director Shares

GCM also announces the issue of a total of 377,359 new ordinary shares of £0.01 each in the Company ("New Ordinary Shares") to Keith Fulton, for payment of his services as Executive Director of the Company for the period 1 January 2023 to 31 December 2023 of £10,000, as part of his director remuneration agreement from June 2019.

On Admission, Keith Fulton will have an interest in 1,400,702 Shares, representing approximately 0.57 per cent. of the issued share capital of the Company, as enlarged by the Fee Shares. The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation, is appended below.

Application will be made to the London Stock Exchange for, in aggregate, 5,347,055 new Ordinary Shares to be admitted to AIM ("Admission"). It is expected that Admission will become effective on 11 March 2024. Following Admission, the Company's enlarged issued share capital will comprise 243,171,131 Ordinary Shares with voting rights in the Company. As the Company holds no shares in treasury, this is the total number of the voting rights in the Company which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a

28 Feb 2024 15:39 EST

author-image

BNN Correspondents

Follow Us

GCM Resources PLC Eyes New Leadership: Non-Executive Chair and Director Roles in Play

GCM Resources PLC Eyes New Leadership: Non-Executive Chair and Director Roles in Play

Following a significant departure within its ranks, GCM Resources PLC, a prominent player in the mining and energy sector based in London, is on the hunt for new leadership. The company has recently announced its intention to fill the now-vacant position of non-executive chair, alongside an additional role for a non-executive director. This move comes after the resignation of its previous chair, signaling a pivotal moment for the organization as it navigates through this transitional phase.

Scouting for New Leadership

In the wake of the resignation, GCM Resources has wasted no time in identifying suitable candidates to take on the mantle of leadership. The process involves a meticulous selection procedure, with the company currently engaged in conducting due diligence checks on potential replacements. This critical step underscores GCM's commitment to ensuring that its future leaders not only align with the company's strategic vision but also possess the requisite expertise and integrity to steer the organization towards sustained growth.

Due Diligence and Strategic Considerations

The due diligence phase is crucial for GCM Resources, as it seeks to fortify its governance structure and operational efficiency. By carefully vetting candidates, the company aims to uphold the highest standards of corporate governance, a move that is likely to resonate well with stakeholders. Furthermore, this process reflects GCM's strategic approach to leadership transitions, emphasizing the importance of continuity and stability in leadership roles. The company's proactive stance in identifying and evaluating potential leaders is indicative of its resilience and adaptability in times of change.

Implications and Expectations

The impending announcement of the new non-executive chair and director is highly anticipated, with the broader implications for GCM Resources and its stakeholders being a subject of considerable interest. This leadership transition presents both challenges and opportunities for the company, as it seeks to reinforce its market position and navigate the complexities of the mining and energy sectors. The introduction of new perspectives and leadership styles could potentially catalyze innovative strategies and drive further growth. As GCM Resources stands at this crossroads, the decisions made in the coming weeks will undoubtedly shape the trajectory of the company's future.

As GCM Resources PLC gears up to unveil its new non-executive chair and director, the industry and stakeholders alike await with bated breath. This leadership overhaul marks a new chapter for the company, promising fresh insights and renewed vigor in its pursuit of excellence. With the due diligence process in full

Awww, thank you Searcher for your time in writing this detailed report. I really wanted to attend the meeting but for personal issues , couldn’t attend . I am just so excited! I too like other long term shareholders have been waiting for this moment and it seems we are very near now!

Keith is certainly a very humble and honest person . Would’ve really liked to have met you all.

Sorry to see Christian go as he certainly has the best intention for our company .

Looking forward to the next few weeks !!

Throughout the reporting period and beyond, the Company's Dhaka-based team has maintained contact with the relevant government agencies and there is credible evidence that the "new plans" cited by the Honourable Prime Minister are being framed and that such plans are addressing domestic coal extraction and exploration efforts for new gas. This is exciting news for the Company, the Project and its Shareholders and efforts are being made to ensure we are in the strongest position to engage with the newly elected government within the 1st Quarter 2024 and deliver the Project Proposal which includes a large-scale Solar Power Park as an adjunct.

It’s comparing coal with India and Indonesia. The BTU which is home much the coal burns for Bangladesh coal is 12002 BTU compared to Indonesia which is 7308 BTU.

The sulphar which is the hazardous chemical for Bangladesh is only 0.67 compared to Indonesia which is 4.34 and India , it’s 2.32.

By looking at these figures , it’s absolutely clear that Bangladesh has the best coal!!

Yes, once the NEDs situation is sorted and I too am confident this will happen. Looking forward to seeing the share price where it should be!