HC readers may take a little breath to see some positive sides for the potential valuation of GMC MC. (I do). It has been awful reading HC posts for the last two months.
GMC will run as planned I think once a 2nd CI is secured. Agreed on the short term pain as shareholders to endure but I suppose that GMC will escalate any foreign investment matters to a higher level on indonesia' authority if Pak tries to threat the project along the way.
Indonesian government under current leadership, Jokowi, has gradually changed the 'old culture'. He is a very smart, fair and uncorrupted official on the field. Under his regime, he has done heck of a lot to Indonesia as a whole. Anyway, He will welcome GMC's genuine intentions as a foreign investor to build the welfare of Kupang community.
He will be the guest speaker @ ICC Sydney conference tomorrow and I reckon there will be questions in regard to foreign investments to Indonesia.
We will see the light from the end of this tunnel soon.
Thank you to other HC posters who contributed constructive comments.
GMC Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held
