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0.6¢ gulf manganese corporation limited

Ann: Placements to Raise A$3.6 Million, page-40

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MrWisemanSays

1,536 Posts.

155

17/05/19

18:27

Post #: 38621383
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Originally posted by tt2000 ↑

The question is why have 4 cornerstone investors now terminated their agreements.

Why did Hamish and the other 1.5billion option holders not see value at $0.005.

These two groups would have had access to the most information and therefore represent the best value indicators.

Last capital raise was at $0.015

This capital raise is at $0.005, and this time round shareholders only own 75% of the Project.

There is a very valid reason this took such a hit today, and think we will see this trend further toward the CR price.

Wonder what spooked off the Cornerstone Investor and Tranche 2 funding. DSO was achieved, but they still aren't interested in touching this?

Expand

It is now clear why the man at the helm didn't convert his options. I honestly thought he would convert his oppies and show faith in the project, but nope..

I feel very sorry for those holding on and hoping DSO will be their saviour, but only to be smack hard with a dose of reality.

GMC Price at posting: 0.6¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

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