The $24M AUD was for the first 2 furnaces.... Subscription price...

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tt2000

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04/03/18

22:07

Post #: 31517302
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Originally posted by GunnerGecks ↑

Depends on what has been achieved over Feb.

If a capital raise is on the cards which you would think will be the case, the share price may stay around the 1c mark dependent on subscription price.

Further milestones need to be met to see a big re-rate.
The big one will be the commissioning of the 1st and 2nd smelter.
At the end of the day these guys need cashflow and they can get it by two means.
*DSO sales - gaining this permit is not as simple as registering paperwork. This will take time but from what I have read will be given once they can show significant advancement of building a processing facility. Also they need to show they are complient to enviromental and community projects.
*Smelter 1 & 2 producing alloy - scheduled for June/July however don't think this will now happen until end of year due to delays.
However even with this they will still need to raise capital to pay for further construction and the other 6 furnaces over the 4-5 year period.
As I said the ones in for the long term will see the big returns.
This is if it all works out however.
Like all investments it depends on your personal risk appetite I guess.

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The $24M AUD was for the first 2 furnaces....

Subscription price was previously effective $0.009 (after including options), when GMC share price was $0.042 (85% discount)

I would imagine this one would be lower, given current share price and everything the first $12M was meant to achieve hasn't been achieved.

Plus the short selling of 380,000,000 shares at market.

Glad as a holder you accept this is going to be stuck at $0.01 for a long time

GMC Price at posting: 1.2¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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