Member Info for ManuDave

Nice find Searcher.

‘Open pit mining is the only real option’

It’s being talked about so much more now - finally and thankfully.

So did I Micky. I managed it will only 5 minutes to go but glad to get a few more…

Now we wait!

1.80 to sell now.....if you can!

Why not suspend it immediately ffs.....

Maybe the site is down due to load shedding?…. Just saying…😉

“She also said longterm plans have been adopted to increase power generation capacity to 40,000 MW by 2030 and 60,000 MW by 2041.“

Not many ways of doing that without mining Phulbari…

Nice find Searcher. It’s great to see open pit being talked about so much now - and also Phulbari & Bara talked about in the same article.

Confidence growing by the day for me now.

Thanks for all your efforts in ‘searching’ for all the news articles mate - much appreciated by me and a lot of silent others too I would imagine.

Have a great Christmas all 🎄

New Year could be fun too! 🤞🤞🤞🤞🤞

I know what I wrote!!

Actually you are right, that was a typo 😂😂😂😂

Thanks for marking my work Mr Searcher…..🙄😂

What a crazy mess to allow your country to get into….

They need to do someone soon…

Hi horse1 - good to see you are still around.

I too am more and more confident about this now. I've continued to buy more and more and have now got a decent average so hopefully not too long before we see blue.

All the best.

Exciting day’s trading today - reminded me of 2008 when it was a roller coaster every day for a couple of weeks! Hopefully it will continue tomorrow- even though the stock exchange is knocking off early at 12.30pm.

presumably the lack of the finals rns is due to the delay in the loan not been completed? Will we get one after the other tomorrow or next week?

Not trading/selling any of mine having waited 15 years that’s for sure. It will be good to see if any of the old lth will appear back on the board - Baxy, Shaun, Stevelj, Cloughie, horse, outsider …. Memory is going and can’t remember the others.

Good luck all.

Morning Searcher - nice find!

Years ago...'open pit' and Fulbari mentioned in the media would have seen this soar in minutes....

It's good to see it's being openly discussed in the media now.

20 December 2023

GCM Resources plc

("GCM" or the "Company")

(AIM:GCM)

Financial Update

Update on the Drawdown Request on Existing Polo Resources Ltd Loan Facility

Further to the announcement the Company made on 28 November 2023 in regard to the request of further drawdown of £300,000 of to the Loan Facility with Polo Resources Ltd ("Polo") as announced on 26 March 2021 and as amended and announced on 3 March 2022, the Company updates it is still awaiting receipt of the drawdown funds, and will confirm via a further announcement on receipt of the funds.

The Company on receipt of this further drawdown will have then utilised the full £3.5million of the £3.5million facility. Funds from this current drawdown are required by the end of December 2023 to provide the company with working capital into the new year.

This announcement contains inside information as defined in Article 7 of the EU Market Abuse Regulation No 596/2014 and has been announced in accordance with the Company's obligations under Article 17 of that Regulation.

For further information:

Indeed livinhope - do I know you?

Livinhope - Anglesey…. 😉😂

Hi Pappi

Thanks for the reply. I totally get what you are saying about shareholders non attendance. I don’t live in the UK so it would be a flight and possibly an overnight for me to attend so not straight forward.

I have talked about coming over to attend and to get Searcher to buy me a beer while I’m there 😉 but I’ve not made it yet. It would be good to meet the board, and some fellow shareholders for a catch up too.

Thanks

Is anyone attending the AGM this year? I know phulbari normally goes and reports back (thanks in advance phulbari 😉)

Anyone else going?

We should see the final results and the AGM notification this week. Last year the rns was on the 19th December and the AGM a month later on the 18th January.

If it’s same again, we may see the rns later this morning.

Hi Searcher.

All these new coal power plants they have now are going to need to run on something so where are they going to get the coal from to do that?

They’ve run out of cash but even though the IMF are bailing them out, they’re not going to allow Bangla to carry on spending that money on foreign coal until that all runs out too are they?

The gas reserves are running dry so they really are going to struggle now.

So…. will they win (walkover) the election, then green light Phulbari straight away, and be the saviours of the country ?

If they have a part ownership in GCM would that placate the masses? If not part ownership, with 207 million shares currently , would paying a couple of hundred million pound for it outright so it’s all Bangla owned be more palatable?

January should be interesting after the election. 2p is a heck of price to get in now, compared to what we’ve all paid over the last 15 years anyway!

15 years….. oh wow 😮

“Overall, it has been a massive policy failure that has landed us in the current uncomfortable situation where the limitation of energy sources is also threatening to limit the country's future prospects. ”

DHAKA, Dec 13 (Reuters) - Bangladesh needs to tighten its monetary policy and have greater exchange rate flexibility to help contain high inflation, the International Monetary Fund said on Wednesday as its board cleared the first review of the country's $4.7 billion bailout.

Sharply rising living costs have sparked violent protests in recent months ahead of national elections in January, as Prime Minister Sheikh Hasina's government struggles to pay for costly energy imports due to shrinking dollar reserves and a weakening Taka currency.

The IMF board clearance provides Bangladesh immediate access to about $468.3 million and also makes available $221.5 million in support of the country's climate change agenda.

"Combating inflation is our number one priority," Bangladesh central bank spokesperson Mezbaul Haque said, adding that their aim is to bring it down to 8% this month and 6% by June.

"We're getting $1.31 billion from the global lenders and our development partners this month. So, overall the foreign exchange reserves will be in a good position. Apart from that, the remittance flow is good," Haque said.

The IMF said Bangladesh's economy has suffered multiple shocks. Its $416-billion economy was one of the world's fastest growing for years, but rising energy cost following the war in Ukraine interrupted its post-pandemic recovery as it dipped into its depleting forex reserves to pay.

Bangladesh is now forecasting GDP growth to remain at six percent in fiscal year 2024 on the back of relatively resilient exports despite subdued private demand.

https://www.reuters.com/world/asia-pacific/imf-board-clears-first-review-bangladeshs-47-billion-bailout-2023-12-12/