| 11:39 24/05/2012 | Re: Good to see |
| Crazy prices . I am -70% here ATM , I do think I will be shot of GCM at a good price this year however.I will be holding till I do whatever. By nest of rampers |
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| 7:32 24/05/2012 | Good to see |
| That people are still more than happy to be paid in shares. I know I would be at these prices. By woodpecker760 |
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| 7:08 24/05/2012 | RNS |
| Share Issue - Directors' Share Dealing RNS Number : 9762D GCM Resources PLC 24 May 2012  24thMay 2012 GCM Resources plc (AIM:GCM) Share Issue - Directors' Share Dealing A portion of the fees payable for the services of Mr Greg James and Mr David Weill, both non-executive directors of GCM Resources plc (GCM), are settled by the issue of shares as disclosed on 25th August 2009, 21st July 2011 and 20th April 2012. Consequently, GCM has today allotted 15,000 ordinary shares to the company through which Mr Greg James provides services to GCM and in which he is beneficially interested. Following this allotment he has a beneficial interest in 60,000 ordinary shares in GCM. Similarly, GCM has allotted 6,250 ordinary shares to the company through which Mr David Weill provides services to GCM and in which he is beneficially interested. Following this allotment he has a beneficial interest in 93,500 ordinary shares in GCM. Application has been made to The London Stock Exchange for these shares to be admitted to AIM. It is expected that admission will become effective at 8.00 a.m. on 25th May 2012. By searcher3 |
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| 23:03 23/05/2012 | Re: ok, where are we? |
| ...58.85p. Reasonable enough. By rRomeo29 |
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| 21:08 23/05/2012 | seem to forgotten about coal |
| http://www.daily-sun.com/details_‘Bangladesh-to-become-economically-developed-in-10-yrs’_153_1_10_1_1.html University Grants Commission (UGC) Chairman Prof Dr AK Azad Chowdhury on Wednesday said Bangladesh will become an economically developed country within ten years if its natural resources can be used properly. He called upon students to come forward with their merit and expertise to ensure the best use of natural resources in the Bay of Bengal. He made the call while addressing a seminar on ‘Maritime Boundary of Bangladesh and its Natural Resources’ organised by the Zoology Department of Jagannath University (JnU) on the campus on Wednesday. JnU Vice-Chancellor Prof Dr Mesbahuddin Ahmed presided over the programme. Dr Azad said that the victory in the maritime boundary case with Myanmar was a remarkable achievement for the government. “As JnU has the second largest number of students in the country, the UGC will continue to provide all kinds of financial support to the university,” he said. By searchers-son |
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| 20:43 23/05/2012 | Re: fis*al 7 june |
| q ballessdog By searchers-son |
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| 20:39 23/05/2012 | Re: fis*al 7 june |
| There is a need for a serious fistal stimulus package By CroutonFactor |
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| 19:58 23/05/2012 | Re: security |
| Managerial authority should either be kept to Petrobangla’s subsidiary or it should be under joint-venture agreements with foreign companies which must be selected following a proper tender process. TENDER AWARDED TO gcm By searchers-son |
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| 19:54 23/05/2012 | Re: security |
| It will require opening a number of coal fields to produce 12,000MW of electricity from indigenous coal. And imported coal is uncertain. What do you think about the means of coal extraction in Bangladesh? We are fortunate that we have one of the best qualities of coal. And we are unfortunate that the areas are fertile, densely populated and have a huge water layer over the coal deposits. Usually, no country allows coalmining in such geographical and socioeconomic reality. But we would have no other way but to go for open-pit mining where coal layers are available within 100-metre depth. And of course the mines should not be leased out to any foreign company. Managerial authority should either be kept to Petrobangla’s subsidiary or it should be under joint-venture agreements with foreign companies which must be selected following a proper tender process By searchers-son |
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| 19:51 23/05/2012 | security |
| http://www.newagebd.com/detail.php?date=2012-05-24&nid=11255 HOME OP-ED Share on facebookShare on twitterShare on emailShare on printMore Sharing Services0 Energy security in doldrums by Manjurul Ahsan Professor Badrul ImamTHERE ‘is no energy security’ in Bangladesh, thanks to the callousness of successive governments in the past three decades, says Professor Badrul Imam of the Department of Geology at the University of Dhaka. The governments have made the country dependent on gas without considering how long mono-energy would sustain in fulfilling the nation’s demand, he said in an exclusive interview with New Age on Tuesday. Imam stressed the need to free energy sector from corruption and to bring ‘radical change’ in the management of energy crisis. Excerpts: What is the present energy scenario in Bangladesh? I would say there is no energy security in Bangladesh. The reason is that successive governments have been callous in the past three decades. The governments have started shifting energy dependence from oil to gas since the 1980s. By the early 1990s, Bangladesh became a mono-energy country. Industrial production, power generation and transport sector became dependent on gas. The dependence on gas rose up to 90 per cent in electricity generation. At that time the policymakers did not even think that how long the mono-energy would sustain in fulfilling our demand. If we are forced to leave our dependency on gas then what will be the alternatives? They have no plan, nothing in this regard. As a result, by 2005 they found the demand for gas was increasing rapidly but supply was not. They came to realise that the crisis was looming and by 2008-09 the demand for gas outstripped supply. The country entered into a total energy crisis. Before coming to this point no government made any arrangement to tackle the situation. This is the reason for which we do not have energy security. But there has been a Power System Master Plan since 1985. Even Petrobangla’s planning division developed an energy system master plan by 2002-03. So there were study and plan in the sector. Yes there were. But they were all paperwork, not matters to be implemented. That is why I call it callousness of previous governments. The previous governments never initiated any move to bring coal in meeting the country’s energy need, particularly for electricity generation, as they are trying now. In 1997-98, we went for gas-based power generation in the private sector. But gas should have been kept as a strategic resource. If we had gone for imported as well as indigenous coal for power generation we would not have had to become dependent on expensive oil-run rental plants. At the same time, we would have had conducted mining activities in local coal deposits. In addition, we would have had a vast experience of generating coal-fired power projects. How do you look at the initiatives of the energy sector taken immediately after the beginning of a severe energy crisis? Are the initiatives mature enough to ensure energy security in near future? I do not think so. A few initiatives have been there since 2007-08 but they are not at all enough for ensuring energy security. How could you ensure energy security by fuel oil? These oil-run rental plants have already affected the economy but played very little role in reducing load shedding. Expenditure for fuel-oil import for oil-run power plants has gone up to Tk 30,000 crore a year from Tk 20,000 crore which created a huge pressure on the economy as a whole. Now the authorities are saying that they could not anticipate the rise of oil price. They thought that the oil price would be stable around $70 a barrel but the price has increased by 50 to 60 per cent. However, this is totally unacceptable that there was not a single expert who had no idea about international oil market. Anyone who has interest (in the subject) will find a steady upward trend of fuel-oil prices By searchers-son |
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| 19:29 23/05/2012 | Re: fis*al 7 june |
| But he warned that the country would face future challenges if there was no significant improvement in its infrastructure and in tackling the acute energy crisis. Bangladesh will announce its annual budget on June 7. By searchers-son |
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| 19:27 23/05/2012 | fis*al 7 june |
| http://www.theindependentbd.com/business/finance/111378-bangladesh-economic-growth-slows-to-632pc.html DHAKA, May 23: Bangladesh’s economy is forecast to have grown at 6.32 per cent in the fiscal year to June, a slowdown from last year’s expansion, dragged by a “saturated” farm sector, officials said Wednesday. The government had projected seven per cent growth in Gross Domestic Product (GDP) for the 2011-12 financial year, but a meagre two per cent expansion in the key agriculture sector means the growth has fallen short of expectations. “The Bangladesh Bureau of Statistics (BBS) has estimated that the economy will grow at 6.32 per cent in the current financial year,” the government’s statistics secretary Riti Ibrahim told AFP. The BBS revised its figures for 2010-11 growth upwards to 6.71 per cent from a provisional estimate of 6.66 per cent. Ibrahim said industries remained the main driver of growth, expanding by around 10 per cent while services sector, the largest component in the impoverished economy, grew at six per cent. “But growth in the farm sector has slowed down to around two per cent. The sector is saturated. Farm productivity has reached an optimum level as we are losing huge areas of farmland every year due to growing population,” she said. The BBS growth estimate was higher than the 5.5 per cent forecast made by the International Monetary Fund (IMF), but it is in line with the projections made by the Asian Development Bank and the World Bank. “Given the global scenario, it’s decent growth compared to other developing nations,” World Bank economist Zahid Hussain told AFP. But he warned that the country would face future challenges if there was no significant improvement in its infrastructure and in tackling the acute energy crisis. Bangladesh will announce its annual budget on June By searchers-son |
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| 19:26 23/05/2012 | Re: back in the game |
| wish it was a coal bucket!!! lol notgottalotnow By notgottalotnow |
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| 18:34 23/05/2012 | Re: back in the game |
| I think its the coal policy she is holding to her chest LOL By tiggy2101 |
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| 18:12 23/05/2012 | back in the game |
| Hi All. Had to leave the table a while back. Don't like to advertise these things so bowed out with dignity. However, things look ridiculously cheap at the mo so purchase some chips and am back in the game. Bring it on. Is Hasina still holding her cards close to her chest. By woodpecker760 |
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