To succceed, GMC need 17M USD (24M AUD).
They have raised $12M and spent it, and have no cash by 30 March 2018.
Do you know how they plan to fund the $12M AUD shortfall? Why is this not being communicated to the market (especially given there is a $1M AUD convertible note debt obligation).
The question is does GMC know where they are getting these funds or do they hope Pak Marthen will be around again?
Not looking good for GMC, page-37
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