GMC
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0.00% 0.6¢ gulf manganese corporation limited

Ann: Placements to Raise A$3.6 Million, page-71

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  1. Abacoolloo
    1,951 Posts.
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    19/05/19
    09:57
    Post #: 38635175
    You are correct, there may/will be the need for more capital at some stage.
    I decided to check the definition of "working capital" as many have said it is specifically to pay wages which some of it may well be, however I don't agree that's all it can/will be used for but I'll let you make up your own mind.

    https://www.investopedia.com/terms/w/workingcapital.asp

    https://hotcopper.com.au/data/attachments/1554/1554977-81e9b57e29b3f49928f22c1958105e26.jpg
    My point is we need it for raw materials.
    Last edited by Abacoolloo: 19/05/19
    GMC Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch. 1  Great analysis
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