GMC 0.00% 0.6¢ gulf manganese corporation limited

Ann: Appointment of Administrators, page-30

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  1. 4,935 Posts.
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    Probably the same thing that would happen if Hamish decided to send everyone a check for a couple mill.

    There are no investors in the wings, and even if there were, they now realise this is in administration aka fire sale of assets. The company must sell assets at any price they can get to pay debt. Any buyer will pick it up as cheap as they can.

    It is game over, shareholders get zilch, wake up.

    The only winner was Hamish as he managed to extend the inevitable and get himself paid for an extra 3 years.... wasn't construction halted on this in 2018 ?

    Bravo Hamish - some poor shareholders bought into this just before the suspension and now get zero.
 
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