Company Profile For GCM Resources PLC

GCM Resources PLC (GCM.L) (London Stock Exchange)

sector: Energy · industry: Coal ·

As of 25 Nov 2009

71.00GBp

Price Change

+0.00

Percent Change

+0.00%

Analyst Recommendations

Overview

GCM Resources plc (GCM) is a United Kingdom-based holding company. The Company, through its subsidiaries, is engaged in the development of the Phulbari Coal Project in Bangladesh and investment in companies working in Bangladesh, China, Africa, Australia and Sweden. GCM has investments in a number of other junior mining companies. The Company operates in the coal exploration and evaluation segment in Bangladesh. The Company’s subsidiaries include Asia Energy Corporation (Bangladesh) Pty Limited, South African Coal Limited and GCM Africa uranium Limited. During the fiscal year ended June 30, 2009, the Company acquired 4%interest in Polo Resources Limited.

Quick Financial Synopsis

BRIEF: For the fiscal year ended 30 June 2009, GCM Resources PLC's reported no revenues. Net loss totaled £5.7M vs. an income of £864K. Revenues reflect that the Company is still in the development stage. Net income reflects a increase in exploration cost, an increase in other operating expense and presence of impairment of financial assets. GCM Resources PLC is a London-based resource development Company with a wholly owned subsidiary.