GMC
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0.00% 0.6¢ gulf manganese corporation limited

GMC Liquidity Position, page-7

  1. tt2000
    4,697 Posts.
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    02/09/19
    20:35
    Post #: 40282529
    actually as expected, GMC were required to provide an updated Appendix showing their debt position.

    They have $5.2M debt at 8% interest.

    Very concerning, considering their limited cash and rate of cash burn.

    Today's announcement mentions another $13M just to finish construction on the refurbished second hand smelters.

    This company just makes me laugh - especially when they forget to disclose their debt on their ASX announcements!!

    Screenshot_20190902-183101.jpg
    GMC Price at posting: 0.6¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch. 2  Great analysis
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