Phulbari Resistance: GCM’s share price is now lower than it has ever been

You may be interested to know that GCM Resources Plc’s share price is now lower than it has ever been:

Visit GCM's website to see the downward curve: http://www.gcmplc.com/investor_relations/share_price.php

About

Phulbari Resistance is an initiative of BanglaPraxis in solidarity with the communities resisting open pit coal mine in Phulbari, Bangladesh.

Asia Energy Corporation (Bangladesh Pty Ltd), a hundred percent owned subsidiary of GCM Resources Plc, UK based dubious company, is proposing the project. GCM is backed by a number of private banks and hedge funds: RAB Capital, UBS AG, Credit Suisse, Barclays Plc etc.

The project will displace communities (500,000 if full scale project is realized) and destroy environment. Local communities do not want the project. On 26 August 2006 three person were shot dead when security forces fired on a peaceful protest gathering of more than 50,000 people. 100 more were injured. The company fled Phulbari and Bangladesh government signed an agreement with local community promising to expel Asia Energy Corporation from Phulbari and scrap the project.

This website is in solidarity with the community resistance in Phulbari.

Contact: phulbariresistance@gmail.com

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Phulbari Resistance

Sunday, October 5, 2008

GCM’s share price is now lower than it has ever been

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