This announcement is the typical GMC announcement. Nothing has actually been received yet.
Excerpts from the announcement below. Bolding = my emphasis
"Gulf will now be fully funded to complete the construction and commissioning of first two
smelters at Kupang Smelting Hub - funds expected to be received by the end of January
2020"
"The Loan Facility is presently being finalised with proceeds expected to be received by the end of January 2020."
So basically nothing has actually been received yet. Just a binding agreement with funding imminent. De ja vu - Sounds like Pak Marthen all over again!
What's the bet that it will be end of January with no funding received?
GMC Price at posting:
0.7¢ Sentiment: Sell Disclosure: Not Held
