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GCM Resources

16:57 on 22/11/2017

Current Price 32.00p | Bid 30.50p | Ask 32.75p | Change -1.94%

Company Overview

GCM Resources plc (formerly Global Coal Management, formerly Asia Energy plc) has identified a world class coal resource of 572 million tonnes (JORC compliant) at the Phulbari Coal Project (the Project) in North-West Bangladesh. GCM is awaiting approval from the Government of Bangladesh to develop the Project. The Phulbari Coal Project is a substantial, world class coal resource that will support a long life, low cost mining operation. It is the only such deposit in Bangladesh that has been subjected to a full Feasibility Study and Environmental and Social Impact Assessment prepared to international standards. In partnership with the Bangladesh Government, civil society and the community, GCM is committed to developing the Phulbari Coal Project to the highest social and environmental standards. By doing this, GCM seeks to maximise the benefits of the Project for both the Company's shareholders and the people of Bangladesh. The Company (GCM) under its former name, Asia Energy PLC, was incorporated in England and Wales as a public limited company on 26 September 2003. Asia Energy PLC was admitted to the Alternative Investment Market (AIM) of the London Stock Exchange on 19 April 2004. Through seed capital raising and the subsequent placement of shares, some £14 million was raised. In November 2005, following submission to the Government of Bangladesh of the Phulbari Coal Project's Feasibility Study and Scheme of Development, the Company placed an additional 7 million shares and raised a further £33 million. GCM actively reviews investment opportunities in order to broaden its global investment portfolio.

Stock Details

Shares in Issue 62,861,031
Market cap £ 11.94m
Sector Mining
Indices FTSE AIM All-Share Index

Financial Highlights Year Ended 30/06/2015

Turnover £0.00 million
Operating Profit £-0.94 million
Dividend Yield 0.00
Dividend Per Share 0.00
Dividend Cover 0.00
P/E Ratio -12.67
» More Financials

Key Personnel

Stephen Bywater CEO
Graham Taggart Finance Director

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Price Summary

Mid Price ? 31.63p
Bid Price ? 30.50p
Ask Price ? 32.75p
Volume ? 55186
Change Today -0.63p
% Change Today -1.94%
Open 31.98p
Previous Close 31.63p
Intraday High 31.98p
Intraday Low 30.50p
52 Week High 23.75p
52 Week Low 3.63p

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Broker Consensus

The above information represents a selection of the views and target prices published in the last 120 days by analysts in individual stocks. It is subject to change without notice and may not necessarily be the view held by Redmayne-Bentley.

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