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Ann: Gulf Secures Funding For Construction at Kupang Smelting Hub, page-6

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joemas

294 Posts.

23/06/17

19:40

Post #: 25462482
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Originally posted by ConcerndCitizen ↑

At least things are progressing again.

I have to ask though, am I the only one who finds it interesting that they actually raised $7 million, which under the terms of the offer would give Triple C 40 million options - then at the last minute one of their clients offers a $1 million, 2-year convertible note (at 8% interest) that technically puts the raising over the $8 million threshold and gives Triple C 80 million options instead?

The only other negative I'll point out (I genuinely am happy with today's announcement) is that yesterday production was on schedule for Q1 2018, but today it's been pushed back to mid-2018. And yet, "Significantly, our development timeline for the Kupang Facility remains unabated" - they just can't seem to help themselves.

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What can you expect from a middle person whose staff post on here! GMC might be incompetent but I doubt the board members post on here, which leaves only one party who knows 'inside' information.

GMC Price at posting: 4.2¢ Sentiment: None Disclosure: Not Held
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