GMC 0.00% 0.6¢ gulf manganese corporation limited

Ann: DSO Approval Received, page-20

  1. 108 Posts.
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    If this is a Disallowed that’s good for you. There’s definitely upside here, but to reach its full potential is going to take a bit of doing. A couple of years ago this was the next big thing, it reached 4.2c on news of cornerstone investor and potential DSO etc. The arse dropped right out of it. Since that time the company has barely held on (shareholders and other players deserve a reward for their resilience). At that time there was approximately one third of the shares now in circulation. That price factored in a fair bit of potential and valued the company at something in the vicinity of 80m I think (I could be slightly out on that as I’m going off memory). So I guess if you got them at 0.005 you might be in for a big multibag result but if you got in between 0.02-0.03 like many here did, expect to get your money back but not much more in the short to medium run. Revenue stream is great, and value added output will improve the outlook but these outcomes are still some time away. A further capital raise will dampen the enthusiasm somewhat
    Last edited by Deano65: Add comment 15/05/19
 
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