The smelters are set to be delivered installation to commence in November. Apart from the cash sale an agreement of 30000tpa is also in the deal. Hamish went to buy a smelter and made a substantial sale in the process. Good management.
If we look at the management they are all at a mature age, in their 60's some of them. So many years in the public spot light yet no smear against their names. Real men running the company with integrity, not a bunch of kids out of uni.
for T2 traders using the banks money…not the best trade
For holders in it for a week or more will be good news.
This 10m + 7m from our investor will cover the 2 smelters to get into production and after 6 months when Pak claims his further 5% I am confident this will fast-track production to 4 smelters
We may not need further investment after 4 smelters, a great possibility the coy can stand and grow without share holder assistance
Those who will hold for a potential dividend will obviously win the most, by then the coys Mcap will be in excess of 210M AUD
New round of T2's will be coming in today.by friday this thing will have launched.
This stock is set up to soar, they will succeed with the backing of our golden investor who has been in the industry all his life and has the capacity to influence people in all the appropriate areas
The license grant will be complete soon imo, they would not have done any smelter deal without knowing that they will be able to secure a license… GMC will have the monopoly in the region with the only manganese smelter license
We dont know if GMC will later add more metals to it's business. If the govt are happy with operations a possibility of another license will be there too putting GMC in the front for consideration with a track record
If you do the f/a correctly there is no way this sp is not worthy of double digits in the very near future