GMC
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0.00% 0.6¢ gulf manganese corporation limited

$10M USD Cash Payment, page-24

  1. tt2000
    4,960 Posts.
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    23/11/16
    16:27
    Post #: 20829794
    http://www.asx.com.au/asxpdf/20150525/pdf/42yrxp4ysj9g83.pdf

    This is the announcement that references the NPV of USD $200M = $285M AUD

    This is likely how Pak justified his spend of USD$10M-$20M (i.e. USD $100M value = $143M AUD)

    At the current market cap of $50M AUD (on a fully diluted basis), there appears some good upside once Pak walks the walk by way of this cash deposit now due in 13 days.
    GMC Price at posting: 3.1¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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