GMC 0.00% 0.6¢ gulf manganese corporation limited

Depends on what has been achieved over Feb. If a capital raise...

  1. 473 Posts.
    lightbulb Created with Sketch. 236
    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.
    Last edited by GunnerGecks: 04/03/18
 
watchlist Created with Sketch. Add GMC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.