GCM Resources plunged into the red in the six months to the end of December posting an after-tax loss of £690,000 against a profit of £3.3m last time. GCM says the Phulbari coal project remains the company’s key opportunity and it continue to pursue approval of the scheme of development from the government of Bangladesh.
See http://www.stockmarketwire.com/article/4301283/GCM-Resources-in-the-red-with-loss-of-690000.html.