Shareholders are disgruntled because it appears the board has relinquished its responsibilities and commitments to shareholders by placing the company into administration thereby taking a " hands off approach " now that the administrators have taken control does this mitigate the boards ability to continue negotiations and engage with potential investors , the economic conditions are the best they have been in ten years so if they cant secure a deal in this environment after such a prolonged period of time I cant see anything coming to fruition and if any " prospective " investors were genuine in their proposal after more than a year of deliberation and procrastination we are no closer to anything whilst the majority of mining stocks are booming Gulf continues to be stuck in the mud
GMC Price at posting:
0.6¢ Sentiment: None Disclosure: Held
