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0.6¢ gulf manganese corporation limited

There was significant amount paid to Glacier !! No there was not...

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Sandybeaches

19 Posts.

5

28/02/22

20:23

Post #: 59882564
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Originally posted by lincoln66: ↑

Was the principle reason that The Company was placed into Administration due to failure to pay listing fees ?
And was there sufficient capital in The Company to cover these listing fees at the time it was placed into administration and if so why would The Chairman make a decision to place The Company into administration on the basis that it had adequate capital to cover these fees and avoid delisting ?
And of particular interest in relation to The botched Glacier deal was Gulf required to deposit a significant sum as down payment and who was this money allocated and were the UK or Australian representatives of Glacier direct recipients of this payment ?
Was adequate due diligence conducted and the deal thoroughly examined before money was exchanged between both Gulf and Glacier and should the Board have engaged someone to conduct a proper and thorough due diligence process ?

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There was significant amount paid to Glacier !!
No there was not enough due diligence !!!
Hamish made this decision all on his own and should be held accountable.

GMC Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
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