Yes,the report is confusing the number don`t add up,and triple c seems did their placement you would think they had some pre-discussion with the company about their plan.It also contradict with the company presentation which stated 2 smelters with generate 8 mil usd margin，I can only assume they deduct another 10-15mil from it for the next 2 smelters so they will still have to book a loss in 2017.And your buddy Edd post something about the company planning on building a road and a power plant which will cost 100mil usd.Is it true?I don`t like them to go that direction unless someone pays up.
Triple c TP is 4c,mine is 7-8c,2017-2018 which year I don`t know,depends on their progress.but if you hold til 2021,it doesn`t matter which year is the biggest rerate.
GMC Price at posting:
2.3¢ Sentiment: None Disclosure: Held
