Ann: Termination of Binding Agreement, page-49

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bitoy

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20/02/17

21:50

Post #: 22762163
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Originally posted by tt2000 ↑

@ChinaDragon,

I don not think bigger fish will be eager to throw more money at something that loses them money - that's not how they made their money, and they would be looking to cut their losses.

I would be happy to be wrong, as I would be happy for them to save my bacon.

Have you spoken to your T20 mate - be interesting to know what their thoughts on this are?

Unfortunately, the reality is that GMC have nothing but a feasibility study. Now they don't even have an interested Indonesian king anymore.

Why would any SI partake in funding the project for a stake, when they could fund this exact project themselves in another location for 100% control and compete with GMC who have proven to be unable to execute on their promises.

At 0.02 cents this implies GMC has a worth of $28M AUD.

Would you buy a feasibility study with a management team unable to deliver for $28M?

Separately, GMC are in "advanced discussions with this other party".
Realistically, if they were unable to complete a "binding agreement", what hope do we really have of them completing something that is just in discussions....

(Not trying to argue with you for the sake of it - just some constructive debating...)

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You must remember GMC is the only company granted an approval to build a manganese
smelter in Indonesia and without the smelter you cannot export manganese ore and with the
price of manganese ore going to the roof why wont other investors not be interested when they
will surely make money out of their investment

GMC Price at posting: 4.2¢ Sentiment: Buy Disclosure: Held
16 Upvote

0 Great analysis

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