GMC 0.00% 0.6¢ gulf manganese corporation limited

HSBC, page-52

  1. 4,961 Posts.
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    If you're feeling this now, just imagine how you're going to feel if GMC miss the eighth deadline tomorrow....

    I feel for you, as I was once taken down this path of belief. I believed what management had to say, but it didn't stop the pain when they failed to deliver and GMC came out of trading halt and dropped 80%....

    The worst thing about this is that if GMC fail to achieve funding, with the $5M loan due in September, and no cash, this could possibly be voluntary administration (I.e. 100% drop).

    Unfortunately each failed deadline, makes this scenario all but evitable....

    I feel really sorry for shareholders in this
 
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Currently unlisted public company.

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