Member Info for ManuDave

Searcher re - “My opinion for what’s it worth ..... Dyani who GCM paid in shares for work that they have done for the company had I believe around 15 million shares that they had to sell because they are not allowed to hold more than 30% of the company ..”

Feel the same about Dyani - who else would/could continually sell that amount of shares over the last several weeks? Polo probably the only other holder large enough who could to do that. Yes we have lots of traders, but I think there’s been too many shares sold for it to be PI’s.

Hopefully we’ll find out soon enough, although I’m sure holding rns’s are only put out once the company is informed. If a seller or buyer doesn’t inform them until they have completed their buying/selling, no one will find out - until they’ve finished.

Heyho.....onwards .........and hopefully upwards! :)

It’s not boring though.... :)

few sells this morning......27.2 on the bid, 28.40 on the ask.....

Chunky delayed trade of 430,000 @ 29.80p - £128k just popped up.

Someone’s a building.....

That coal policy must be about done and dusted by now Searcher eh? Lol

Nice article mate..... :)

Decent volume today with some lumpy trades For SLE

987k

Nice article Searcher :)

Keep digging!............please ;)

It seems remarkable the amount of buys we've had in the last few days and yet the price hasn't moved. It may be the algorithmic trading of several smaller trades that clips it down, to be then hit with a decent buy......purely conjecture on my part though.

I guess that can't / won't go on forever and hopefully we start to move north soon.

The bid has risen slowly, while the ask has stayed put.

Nice to see a few buys being bought under the radar and the spread tightening.

29.90p

Slow and steady wins the race :)

Great post NasiRul

at 60p

60p.....mmmmmmmmmmmmm :)

50p paid :)

17th January 2019



GCM Resources plc

("GCM" or the "Company")

(AIM:GCM)



Further agreements with POWERCHINA



GCM Resources plc ("GCM" or the "Company"), an AIM quoted mining and energy company, is pleased to announce that it has agreed a Joint Venture Agreement ("JV Agreement") and a definitive Engineering, Procurement and Construction Contract ("EPC Contract") with Power Construction Corporation of China, Ltd ("POWERCHINA") for the development of 2×1,000MW Coal-Fired Power Plant Project ("Power Plant") at the site of the Company's proposed coal mine in North-West Bangladesh. The Power Plant proposed with POWERCHINA is part of the Company's broader strategy to generate 6,000MW of low-cost electricity for the Bangladesh market utilising domestic coal, providing an estimated US$12.5 billion in foreign investment.



POWERCHINA is a central government owned key enterprise of the People's Republic of China, and is a world-leading integrated engineering construction group. In 2018, POWERCHINA ranked 182nd among the Fortune Global 500, 2nd among the top 150 global engineering design companies, 41st among the Top 500 Enterprises of China and 6th among the world's 250 largest global contractors and according to Engineering News-Report. POWERCHINA has 373 overseas offices or branches in 116 countries and business operations in 125 countries and regions. POWERCHINA has completed power plants with 242.75GW of installed capacity and has majority ownership of power plants with 14,402.4MW around the world.



In Bangladesh, POWERCHINA is an investor in and contractor for three large projects, namely, two coal fired power plants with a combined capacity of 1,670MW and a joint venture for the Dhaka Elevated Expressway.



Joint Venture Agreement

Under the terms of the JV Agreement, GCM shall be the lead party on a newly created joint venture company ("JVC") to own the Power Plant. Subject to a mutually agreed valuation of the Power Plant and investment appraisal, the Company will be entitled to an 80% interest in the Power Plant, with POWERCHINA receiving the remaining 20%. The salient roles and responsibilities of each party are:

· GCM shall be responsible for obtaining the necessary approvals from the Government of Bangladesh and facilitate preparation of the Environmental Impact Assessment;

· POWERCHINA shall be responsible for conducting a Feasibility Study and facilitate the inclusion of the Project as a One Belt, One Road Initiative of the People's Republic of China; and

· Both parties shall assist in obtaining financing for the development of the Power Plant.



The JV Agreement has a term of 12 months, with the intention that it shall be superseded by a definitive shareholder agreement between the parties, but may be terminated earlier under prescribed conditions.



Definitive EPC Contract

The EPC Contract awards POWERCHINA exclusive rights for engineering, proc

Having been in this stock for over 10 years now......I'm going to afford myself a little BOOOOOOOOM!!!!!!

:)

This isn't Exeter you know.... :)

Weird......

Nice find Mr Strap.....missed that one.

How many times have we been here and thought....this is it......and it wasn't....lol

5.8million traded in one day is huge - so I would say that amount is too big for a P&D imho. There must be something behind this for sure?

Will be scanning the Bangla press later for some juicy news.... :)

Normally comes after a 30% rise I thought?

Good day mate :)