Yes Pak is still the man. GMC were courting him hard months ago. Although my post was referring to the recent turn of events as GMC shopped elsewhere to find insurance in case the Pak deal went sour. They ended securing additional funding. Now Pak is coming through and GMC have options. They effectively have two cornerstone investors chomping at the bit to secure a piece of this project. Pak's terms are already set but if they weren't they would easily be in a position to negotiate better terms if they wanted too. They could effectively play two investor soff each other. Instead the deal with Pak remains the same and they are finding a way to secure additional funding from the second investor at terms that are favourable to GMC.
GMC Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
