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0.6¢ gulf manganese corporation limited

Ann: Gulf Signs Binding Land Lease Agreement, page-19

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chambo

1,626 Posts.

268

01/06/17

12:44

Post #: 25039200
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Originally posted by gatorzz ↑

so looking at this with the current price and market cap..

Rough estimate.
65MCAP / 2.35billion shares = 0.276 cents per share.

taking the 1.5c cap raise into consideration.

2.35billion shares x 1.5c = 35.25MCAP.

With the lease signing done and the cap raise complete and waiting for money again.

when the money comes it would be significantly derisked and with smelters now to be on the way, and the site being built.. sure poeple will sell.. but in 6 months ..

those share prices will be a distant memory..

sell into my buy.

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I think what @gatorzz is saying is

@ current mc with new SOI , SP will be 2.7c
Worst case SP will go to 1.5c - unless old mate @ tanah dumps his 200m .5c shares

GMC Price at posting: 4.2¢ Sentiment: Sell Disclosure: Held
2 Upvote

0 Great analysis

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