Member Info for magmanus_49

lets keep it balanced - teh fact ots over done - is clear to see. why bash 70% decline....its stupidty. thats all i am saying. On fridya ot moved 15% just like that - admist the friday sell off. So do expect a very big day next week - we all should. why get people to sell at lose. thats my point. over and out. make your own mind up - the information is all there.

Moral of the situation - no need to sell down here - the only option is to buy after nearly 70% re-retracement.

rmaping would be f price 25p already, but its 14p :) - its green light to buy for nice/ idy upside from here. And be paitence too.

Here is what you need to know - and next update will send thiis higher (hopefully over 25p)

''GCM said it was currently in negotiations with PowerChina, with the intention to include PowerChina as a party to the framework agreement''

"We are also pleased to report that a large part of the process towards finalising our strategic partnership with NFC and PowerChina has been completed."

Both NFC and PowerChina were "highly respected" global companies, Tang said, and in becoming strategic partners to the project, they were expected to add "tremendous strength and credibility" to the proposal.

Thursday 15th Oct - shares in GCM Resources were up 105%% at 21p.'' where at 14p now...hello

Now down 70%, overs corrected and hitting key lower fib areas - parabolic rise, as soon as the above is concluded - which reading the above is immienent.

Expect some wild moves now - that we have short/ de-rampers on baord. New buyers will push this sky high on the next update - 50p+ by Jan/Feb 2020.

Bangladesh has one of the largest coal power pipelines in the world, a total of 29 power plants amounting to 33.2GW of capacity, according to a 2019 study by an Australian organisation that tracks fossil fuel investment.

“Coal power is no more a cheap option and it’s becoming more expensive for imported coal.” Mohammad Hossain,

So they need this inhouse coal proposed by GCM to be used as first basis to feed the existing power plants, and avoid import costs.

big back up next week, buy £10k each and watch the show unfold. do some research. This project fro coal is in house and saves poor bangladesh millions in cost.

GCM is at very advance stage as mentioned in the rns and have a few more meetings this week to finalise things. With 10m vol on Thursday, expect another big day this week - ready for next update.

we should retest 22p soon, and base aroudn there until the next peice of expected update - as GCM at very advanced stage - as they would not have issued this rns otherwise.

Thusday news timing was horrible, considering next day was Friday - anywho it managed 110%, and then expected sell of due to weekend - no one is enough not to noice that - and getting in again pre-news/ update levels for nice steady upside from here. 50% will do most buyers here. But wait for 100%/200% on free ride after that - thats what i usaully end up doing - after builing a noce big postion on the lowside. Have 100k to push in here - as have funds sitting doing nothing at the moment. glta - and stay locked in. And forget the usual bashers, as they are nwo short and coudl lose it all. So respect their stupidty at times. Its is clear to see. They better fo covering - but hwo can they when there is no one selling down here.

The rns was about suppling Bangledesh with immiedaite availble inhouse coal - to reduce their costs - as buying has become too expensive. So win for bangledesh, china contractors and our little GCM. So anyone buying GCM will do exceptionally well. 50% near term,and 100/200% on next rns in any case

IEarner .... whats your issue? find hard facts hurting your sell case? well kid, you need to learn to do som eresearch, and not just go around bashing things, and relying on doen price movements to make you case. thsi is investing/ trading, based on fundementals and technicals and both point upwards from here. So me for one, buying and well do very well in the end.

now get move on. you add no avleu to me or anyoen else here. bye

wait ... they are already running power planst in bangledesh, and consutructed new ones.

Now the valeu, here is supply of coal resource, in house supply! - so GCM will be supplying in house coal through the big companies from china. Its cystal clear si there is huge value for GCM. Whether chinese spend more on addtional projects or not - it does not matter. Bangledesh needs inhouse coal processed asap costs. They can not afford to export caol and the main source of power is through coal power stations....

so buy case is huge here now. very very exciting for big drop from 21.5 p to 14p in 2 days.

Bangladesh has one of the largest coal power pipelines in the world, a total of 29 power plants amounting to 33.2GW of capacity, according to a 2019 study by an Australian organisation that tracks fossil fuel investment.

“Coal power is no more a cheap option and it’s becoming more expensive for imported coal.” Mohammad Hossain,

So they need this inhouse coal proposed by GCM t be used as first basis to feed the existing poer plants, and avoid import costs.

big back up nect week, buy £10k each and watch the show unfold. do some research. This project fro coal is in house and saves poor bangladesh millions in cost.

investors to cash in big time. do not do 10% here or there - not my style.

GCM will fly.....oh yes. Buy as much as you can as final sells conclude and stay put for the forseesable future. GCM at very advance stage of talks.

Will buying from here. de-rampers do nto post this kinda of info....i wonder why? and what have they got to lose if they are out ? what are they even doing here :)

https://www.benarnews.org/english/news/bengali/BD-CH-COAL-PLANT-09162020160532.html

lifeofbrain - son you will learn so. you can spell and thats about it. it does not mean you knwo you numbers, and it doesn't mean you know the reasons for 100% rise on high vol - you just sold out and need to cover asap OR you will lose it all.

Buyers may be down 10% here there, but any short has 100% to lose from here.

SCC06/ Showme....what are you doing here? you preferred shorting when it was quite? well not kids, buyers have taken and will eb taken some big postionsform here, anything under 20p will do wonders for the portfolie by end of the year alone.

i see alot nervouse shorts working overtime. which says to me doubel up next week. lol. The price is right and back to pre news levels....lol. So fricking exciting now - and my research also says screaming buy down here.

During the summer the World Bank awarded them $1 billion in state aid because of the impact Covid-19 has had on their economy. China is offering them about 20x that in funding for coal projects. They are not going to refuse no matter how pro-clean energy they appear to the outside world.

And now this following Bangledesh's request to China to speed thinsg up on the energy side.

Framework Agreement with NFC

GCM Resources plc, an AIM quoted mining and energy company, announces that, further to its announcements of 11 July 2019, and 13 J anuary 20 20, in respect of the memorandum of understanding (" MoU ") with China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd. ("NFC") and Power Construction Corporation of China, Ltd. (" PowerChina "), it has now signed a framework agreement with NFC, valid for 12 months, in relation to the Company's world class 572 million tonnes (JORC 2004 compliant) high grade coal resources at the Phulbari Coal and Power Project in North-West Bangladesh (the "Project") (the "Framework Agreement") .

Pursuant to the Framework Agreement, the Parties have agreed t o establish a joint venture entity, which will be responsible for progressing and implementing the Framework Agree ment. GCM and NFC shall meet on a regular basis to discuss and arrange works relating the Project, including but not limited to, the definitive feasibility study and financing. It is intended that NFC will acquire an interest of 5% of the joint venture entity from GCM based upon a valuation of the Project to be agreed upon with GCM or its affiliate or investment partner holding the balance of ownership of the Project.

https://www.dhakatribune.com/health/coronavirus/2020/06/20/wb-provides-1bn-to-create-jobs-in-response-to-covid-19

"World Bank grants Bangladesh $1 billion to create jobs tackle fallout from Covid-19 pandemic"

Banhlesdesh asking the chinese to speed things up and GCM right in the middle as the broker.....wacth and learn.

Remember 21.5p was paid only Thursday on high vol, and now nice correction to back swing to 22p to test break-out or hold in this region until we the final piece as indicated in the rns.

mkt cap too low now. period.

not important - your anology is flawed. Is about timing and if you read the rns carefully - its time to load up here big time.

Its is breaking new higsh highs NOT lows. Besides have doen enough researh to know what is comming up now that Banledesh is asking china to speed things up on teh coal side. They have been at all thsi year - so timing is perfect for shareholders/ investors.

nobidy shoudl sell here now, buying is only option. teh only option - shorts welcommed BTW. LOL.

https://twitter.com/mastshow14/status/1317486540814229504

buy with both hands next week.......45p on next update. buy/ hold from here, nice discount to Thursday high of 21.5p.

goonerpete - then don't buy and move on. lol. what you doing here and the likes....sacred it may go over 25p high fo the year now. lol. happy to buy £100k here over time and siet tight. 22p was taster of things to come here....shareholders/ imvestors willing to pay more. As co in adnaced talks, so expect another big rns, and by then its will be around 40/50p.

I think the co was requestedto halt shares, as free float tried up completly - and mms could not process any buy orders in the end - othwerise why did 30p buy order get cancelled....when bid was 28.05p. Had it stayed open the stock would have,potentialy, ended up close to 90p or so. And this can only happen if there was leak, as volume was through the roof, for the float in question (5%)

Anyway good post Mark, and others. Any way we in and we in.

Here si what you need to know - and next update will send thsi higher that 25p.

''GCM said it was currently in negotiations with PowerChina, with the intention to include PowerChina as a party to the framework agreement''

"We are also pleased to report that a large part of the process towards finalising our strategic partnership with NFC and PowerChina has been completed."

Both NFC and PowerChina were "highly respected" global companies, Tang said, and in becoming strategic partners to the project, they were expected to add "tremendous strength and credibility" to the proposal.

Thursday 15th Oct - shares in GCM Resources were up 105%% at 21p.'' where at 14p now...hello

Now down 70%, overs corrected and hitting key lower fib areas - parabolic rise, as soon as the above is concluded - which reading the above is immienent.