GMC 0.00% 0.6¢ gulf manganese corporation limited

Ann: Termination of Binding Agreement, page-15

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  1. 2,345 Posts.
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    Dreaming.

    The 4.2c was premised on Pak's offer of $10M USD for 10%, which doesn't exist.

    Management tried to suspend this, to make it appear as though the VWAP is around 4c, but any insto is going to see straight through this.

    As is currently stands GMC have nothing.
    Without any additional funding GMC has no value.
    GMC is out of cash before the end of next month.

    CR would be sub 1.5c / 2c IMO

    The insto / funder brings value to the table, because of this they will get to dictate terms.
 
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