@ChinaDragon,
I don not think bigger fish will be eager to throw more money at something that loses them money - that's not how they made their money, and they would be looking to cut their losses.
I would be happy to be wrong, as I would be happy for them to save my bacon.
Have you spoken to your T20 mate - be interesting to know what their thoughts on this are?
Unfortunately, the reality is that GMC have nothing but a feasibility study. Now they don't even have an interested Indonesian king anymore.
Why would any SI partake in funding the project for a stake, when they could fund this exact project themselves in another location for 100% control and compete with GMC who have proven to be unable to execute on their promises.
At 0.02 cents this implies GMC has a worth of $28M AUD.
Would you buy a feasibility study with a management team unable to deliver for $28M?
Separately, GMC are in "advanced discussions with this other party".
Realistically, if they were unable to complete a "binding agreement", what hope do we really have of them completing something that is just in discussions....
(Not trying to argue with you for the sake of it - just some constructive debating...)
