GMC gulf manganese corporation limited
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Prediction regarding 13th delay, page-49

  1. tt2000
    5,039 Posts.
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    17/07/20
    23:29
    Post #: 45950259
    Given some on here are still bullish on this despite 12 failed deadlines, $7.5M debt as at 31 December 2019 $5.5M debt due in 75 days, whilst GMC have taken out another $1M loan....

    No construction progress since Aug 2018, yet massive cash burn....

    Exactly why i think the ASX must involve themselves here... they are already a bit late

    Maybe these shareholders are just naive?
    Last edited by tt2000: 17/07/20
    GMC Price at posting: 0.6¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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