Well perhaps. It's still early days for GMC and may be a storm in a tea cup.... What GMC have also done though is announce a $1 million purchase of 2 furnaces which they don't have the cash for unless the investor pays up. So either they a) Have secured the funding but not announced it to the market or b) had conditions set for the purchase requiring the money to be made available to the investor which wasn't announced. Otherwise they actually made themselves insolvent yesterday which might be why they've caught someone's eye.
AZZ Price at posting:
50.0¢ Sentiment: None Disclosure: Held