Don't you think this announcement is a bit of a coincidence? ,...

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ASXleo

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01/03/19

15:47

Post #: 37623075
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Originally posted by tt2000: ↑

I think the question is what was the point of that announcement?

Has DSO been achieved yet? - NO
Has second tranche of funding (dependent on DSO) been received yet? - NO

DSO has been "imminent" for a long long long time now, and I have lost count of how many final steps and applications there have been along the way.

Now it is still subject to:
1. Lodgement of the RKAB with the Ministry of Energy and Mineral Resources - how long will this take to procees
2. Re-assaying of samples - how long
3. Obtaining a Certificate of Analysis - how long
4. Certificate of Analysis will be lodged with MEMR - how long to process

GMC have provided indicative timelines - but how often have they met them, especially given this is in Indonesia. After all the whole reason they need the re-assay in the first place is due to the delays.

Surely you rather an announcement that says DSO has been finalised and funding received - simple?

And @Aghiorlym, in an earlier post you stated:

https://hotcopper.com.au/threads/gm...post=true&direction=previous#.XHi2z4gzavg

"do the math ! , the only way to get options profitable for the company and the option holder is to ask the Top20 to push the selling price to 1.3-1.5 and bring new buyers ( day traders as well ) to the game"

Don't you think this announcement is a bit of a coincidence?

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Don't you think this announcement is a bit of a coincidence? , no at all ! it's all about timing

respond to this , all done by end of MAR2019 , wait and see
Now it is still subject to:
1. Lodgement of the RKAB with the Ministry of Energy and Mineral Resources - how long will this take to procees
2. Re-assaying of samples - how long
3. Obtaining a Certificate of Analysis - how long
4. Certificate of Analysis will be lodged with MEMR - how long to process

GMC Price at posting: 0.9¢ Sentiment: None Disclosure: Held
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Don't you think this announcement is a bit of a coincidence? ,...

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Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

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GreenX picks up prospective copper project in Germany

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