GMC 0.00% 0.6¢ gulf manganese corporation limited

52c, page-10

  1. 654 Posts.
    I guess after this years spectacular run in mining industry.Most people develop the appetite of 10 bags in 1-2 years,not over 5 years which GMC may do.They fear drag on too long a lot things can change.
    Judging from the broker report,the company won`t be making any profit until second half of 2018,before then people will mainly see it as a hype and can only make a quick buck from catalyst such as cornerstone investor.
    If the first pair of smelter runs well,generating positive cash flow,I can see the SP pick up speed from second half 2018 when they will start making profit and have a stronger balance sheet and look more and more like a solid project.
 
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Currently unlisted public company.

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