GMC 0.00% 0.6¢ gulf manganese corporation limited

Ann: Update on Indonesian Ore Supply Strategy, page-38

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 4,939 Posts.
    lightbulb Created with Sketch. 1245
    Wow- can't really say I'm surprised given construction progress has remained at 60% since August 2018. So makes sense that there is no one working there.

    What doesn't make sense is why they are going through cash at the rate of $400k per quarter (when no one is on site), especially given they are borrowing this money and I can't see how they are going to pay it back.... can you?

    $5.5M plus the trade payables due = potentially over $7.5M owing in around 75 days?

    Where is the borrowed $400k going?

    Anyone know if big Hamish is still being paid?

    Maybe Hamish presenting at another conference in Vienna ??
    Last edited by tt2000: 14/07/20
 
watchlist Created with Sketch. Add GMC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.