GMC 0.00% 0.6¢ gulf manganese corporation limited

Ann: Kupang Smelting Hub Facility Project Update, page-45

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  1. 4,695 Posts.
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    tt2000, just out of interest, were you a GMC shareholder at the time of the 50:1 share consolidation?

    I find it amazing that in just 3 years GMC's outstanding shares have gone from 21,000,000 shares post 50:1 consolidation to 2,650,000,000 shares today.
    2.65 BILLION shares plus another 1.6 Billion options
    https://www.asx.com.au/asxpdf/20140910/pdf/42s47wthj7dxp2.pdf

    Talk about major dilution with absolutely nothing to show for it, except  the 2 x 50 year old second hand furnaces that cost $1 million that and still haven't been shipped in the 2 years. Original deadline for installation in Kupang was November 2016.  Sounds about as successful as the share consolidation.
    https://www.asx.com.au/asxpdf/20160808/pdf/4394pkfkg16dvm.pdf
 
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