Ann: Notice of Annual General Meeting/Proxy Form-GMC.AX, page-131

My opinion is no significant updates until after the AGM.

Current value of performance rights 45mill x 2.2c = $990k
Valuation at this weeks high 45 mill x 2.7c = $1.215mill
If they release positive info price rises and valuation of performance rights makes them look greedy so best for them not to release too much info before AGM.
They have put a low valuation on the rights in the Notice of AGM based on price at time of preparation. Not sure why there are 2 different valuations, valuation on page 10 (f) is different to valuation on page 11 (j).

For those of you that still think there will be no dilution read very carefully the following sentence in the Notice of AGM page 10 (e)

"However should all of the Performance Rights vest, a total of 45 million shares will be issued which represents 3.46% of current total shares on issued (1,296,988,217)."

Most of you have just read the previous sentence which is extremely misleading and need to be fully aware our/your shares will be diluted.

You can bet after the AGM and those rights have been issued the info will come think and fast so the rights will vest. Part of announcement August 8
"The smelters are proposed to be shipped from their current location in South Africa in October, with an anticipated arrival at the Kupang site in November 2016",
just in time for good news after AGM.

My opinion only. I hope I am wrong and next week brings some info...