Ann: Capital Raising Update, page-38

From the little that has been disclosed

1. Power will be supplied from local Indonesian power plant. PLTU has confirmed its capacity to supply power for the construction of Gulf’s first two smelting furnaces at Kupang, which will require circa 14 MW of power to complete.
2. Furnaces are still in SA, awaiting CR before they can be paid for/ shipped. Deposit has been paid.
3. No supply offtake agreements signed though GMC mention there are local suppliers. (No mention of the license though...).

Spoke to a mate of mine that arranges debt / offtake finance. He said one of the first things financiers look at is management....

Suddenly the failed IPO in Singapore and inability to use debt funding seem to make place.

A few people on here suggested its harsh not looking past the fraud committed by Hamish's wife. Do you really think this is something that the banks overlook??

http://mobile.abc.net.au/news/2015-...iled-over-62k-social-security-payment/6744006

Any financiers care to shed some light?