Key to this voluntary administration possibility, is who gmc owes that 5.5m to...
Do they walk away from the capital they've already invested to try and recoupe 5.5m?
dyor
Hamish screwed up with the tranche 2 investors and dug himself into this hole. Most shareholders would go back and accept that dilution, to be up and running...
He tried to outsmart them by getting more external investors to replace that tranche 2 money, and now look where he is...
Just look at the quarterly reports, what did Hamish do with that 3m cash..
keep an eye out for the nex quarterly due early july. what did he do with the 1m loan he just took out?
Dyor
Those smelters are not worth the amount GMC has listed on the balance sheet. No ones paying half that number.
If you just look at the publicly available documents and announcements, you will see a clear as day track record of incompetence...
Dyor
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