GMC 0.00% 0.6¢ gulf manganese corporation limited

Share selling survey, page-10

  1. 243 Posts.
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    Is the bridging loan facility still in place whilst they are searching for an investor and if so how much time will that provide th company ?

    The company indicated that it was looking at re opening discussions with the near by mine to 3stablish an ore supply . Hopefully Woodacre a resident of Indonesia and fluent speaker of ba ba is actively involved in advancing these discussions and reaching a tangible solution within an acceptable time period . Maybe he is just fielding inbound enquiries as well ?

    The survival of the copany is contingent on the boards ability to negotiate a funding outcome so hopefully Mr Munroe has he skates on and is able provide a tangible funding solution to shareholders preferably within the next 18 months would be good .

    And all the white noise from investors and the pot luck of " jagging an invetsor " is not just an arbitrary side issue but is at the centre of the companies ability to avoid insolvency .


 
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