" On 29 September 2021, the Administrators received notice from...

"
On 29 September 2021, the Administrators received notice from the management of the Company’s subsidiary, PT Gulf
Mangan Grup (GMG) that the auction of certain assets (Assets) subject to security held in favour of PT Jayatama Tekno
Sejahtera (JTS) had completed and legal ownership had passed to a new party. "

So GMC have lost the two refurbished smelters that they spent the last 5 years progressing.

Bravo Hamish

I like how they are still touting the "investors".

If GMC don't have the smelters anymore, what on earth would the "investors" be interested in?

Buying a management team led by Hamish that ran this into administration? I wonder if these "investors" are imminent and have $50M Euros again