GMC 0.00% 0.6¢ gulf manganese corporation limited

Ann: Notice of Annual General Meeting, page-39

  1. 899 Posts.
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    On a more positive note I called up GMC today..... they seemed pretty confident that things were progressing well with the DSO - sales underway, cashflow imminent... to ramp up in a short period of time.

    Appeared confident that finance discussions were also progressing well for plant construction which should complete 4 months after work recommences.

    So if finances completed in a month then 5 months from now construction completed 3 months from now then completion in 7 months etc

    Positive discussion as you would expect from the company..... I'm sure will be covered in more detail at the AGM.

    If DSO ramps up then cashflow will commence and be sufficient to cover working capital requirements and any debt financing.

    Just reporting it as it is.... was presented... and not how others spin it.

    Those bonus shares seem too generous to me though.

    K
    Last edited by Kn_ght: Gramma 30/10/19
 
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