GMC gulf manganese corporation limited

Ann: Gulf Secures US$10M Cornerstone Investment-GMC.AX, page-18

  1. 13,336 Posts.
    lightbulb Created with Sketch. 95
    Good on you early holders. I am just speechless on what I am reading and understanding from the annc.
    It's like dreams come true.
    Local Indo Investors committing for USD 10m = AUD 13m for 10% stack in the company. That's equivalent to 200m shares.
    So 200m shares for AUD 13m brings down 0.065/shares.
    If so then GMC could be trading at 50% discount to what cornerstone investor is willing to pay for 10% stack (i.e. 3-3.5c)

    Good luck folks !!!!
 
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