Member Info for ManuDave

Looking super positive this now.

Hopefully that will be the last we see of the 3’s - onwards and upwards!

Hi mankiniparty ( I have an image now 🤢!)

I believe it will take three years to get up and running from the green light.

It will take 5 years to get to full ramp up when Phulbari will be able to produce 15 million tonnes a year.

I think all the power stations in Bangladesh will need 16.425million per year (45,000 tonnes per day) so it shows just how much Phulbari needs to happen for the country.

👍

Nm

I wonder if the buyer of all those shares at 2p, is now flipping them for 4p for a quick 100 percent?

Is it easier to control the price if the vast majority of trades are from one seller/ buyer? 🤷🏼‍♂️🤷🏼‍♂️

Hopefully that 4p resistance will turn into 4p support once it’s been passed - if you buy into the chartist techi stuff! (Hindsight hero mumbo jumbo to some I remember!) 😂

4.20 close today searcher please! 😉

Haha….. I guess after 17 years of trawling through the Bangla rags every night - he deserves a couple of days off!

Thanks for the info Searcher, Pappi & Tiggy - much appreciated.

Looking good gentlemen 👍 ( the share - not you guys!) 😂

I probably would have gone Redeye - but I’m currently in Cape Town so will have to give it a miss this time👍

I know Searcher is going so hopefully he can let the bb know - no pressure there Searcher - but thanks in advance! 😂

Hi Cstallion

I’m personally quite relaxed about the funding spread around and not weighted too heavily with one party - spread the risk/ reward. 👌

That may also mean we still have the Polo loan to fall back on if needed come May.

Hi Redeye

Are you going to the agm and will you be asking these questions?

Cheers

D

Hi Searcher

Re your post :

Honestly not sure if this has been posted before or not but looks like it was written 6 days ago .....

"The country, on the contrary, is relying more on

Four coal plants with an aggregate capacity of around 3,365 megawatts are already in operation. The 1,234MW Maitree Super Thermal Power Project, SS Power's 1,224MW plant, Barisal Electric Power Co's 307MW plant and the 1st unit of Matarbari 1200MW plant initiated electricity generation in 2023. And the second unit of the Matarbari coal plant is expected to come online this coming March, the official lists the advances in the switch.

"These coal-fired power plants in Bangladesh alone will require around 45,000 tonnes of imported coal per day," says the official."

45,000 tonne’s a day = 16.425 million a year required.

Phulbari at full ramp up can ‘only’ produce 15 million tonnes per year - and that will take 5 years to get up to that amount I believe.

So all the coal from Phulbari won’t even be enough to fuel the power stations that are currently on line - let alone any other as that they have planned - including any at Phulbari.

Will that be enough power generated for the country to function without load shedding I wonder?

It would seem pointless to build more power stations if they didn’t have the coal to fuel the ones they already have?

Nice find again Searcher 😉

“commissioned by 2027. ”

They will have to go some for that timeframe…

Almost, green lighting it like now?😉

Nice find Searcher!

Love it when I see Phulbari mentioned in any article!

“Another 4.2 Million delayed trades”

Rollover?

Observation……. not invitation by the way 😉 😂😂

Hi Blumagnet

Nobody knows for sure I guess.

With my glass half empty head on, and with the trade being at 1.85, it could easily appear to be a sell. There is the old adage of course, that for every seller there is a buyer - so you could say both 😉

With my glass half full head on, whoever paid the £500k for the shares at 1.65 could have flipped them for 1.85p for a quick £7k profit? I guess we don’t know, and may never know…..

The sooner we get an rns stating we have two new neds the better. I think that will put a lot of minds at rest, and will no doubt instigate a lot of buyers knowing we won’t be delisting.

All imvho of course!

Chunky delayed trade

3.465m @1.85p = £64.1k

NOTICE

02/02/2024 7:30am

RESTORATION OF TRADING ON AIM

GCM RESOURCES PLC

Trading on AIM for the under-mentioned securities was temporarily suspended. The suspension is lifted from 02/02/2024 7:30am, an announcement having been made.

ORDINARY SHARES OF 1P EACH, FULLY PAID

(B00KV28) (GB00B00KV284)

If you have any queries relating to the above, please contact the company's nominated adviser on +44 (0) 20 7220 1666.

And this Searcher:

“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.

The Company's relationship with its Development Partner, PowerChina, continues favourably evolve and they are now also involved in the proposed Solar Power Park via a JDA signed in January 2023.

Cont...

Once again, I thank our shareholders and stakeholders for their incredible patience and on-going support. With the much-anticipated swing towards bringing domestic energy resources (both existing coal resources and potentially new gas discoveries) into the energy mix, we are now reaching the point of most relevance for the Project and look forward to moving with the Project Proposal once the newly elected Awami League government is in place and fully functional.

Christian Taylor-Wilkinson

Non-Executive Chairman

29 January 2024