The buyer is not putting his money into GMC itself. He is buying a share of the actual project. It means that if/when GMC expand to different projects in the future his money will remain invested in his stated area of interest - benefiting the locals. Out of the numerous presentations that the company has conducted recently you will note that they are talking numerous smelters eventually - the last 6 of which will be funded by internal cash flow according to their numbers. Based on the company numbers this looks like a reasonable investment for him though I firmly believe that his stated desire to help the locals is indeed the driving force behind his investment decision. If that is true then I understand the process and his motivation.
GMC Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
