GCM Resources

I paid 10.8p this morning for GCM. I have followed this stock for 25 years when it was originally Asia Energy managed by David Lenigas who had inveigled Cazenove to back him. GCM was then after a major coal mine at Phulbari but his the refusal of the locals, some 70,000, to move. Thus nothing happened.

However, the next problem was Sheika Hasina of the Awami League who also stopped Phulbari from being developed - presumably until she had ripped off Bangladesh for billions. However, this major grabber of a poor country's vital resources was sentenced to death in her absence (the sentence, not her death).

Being realistic GCM is high risk. But the price has a lot further to go up if the new government has any sense. It may have.