GMC 0.00% 0.6¢ gulf manganese corporation limited

Ann: Update on Cornerstone Investment, page-43

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  1. 1,027 Posts.
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    Since the shareprice hit 0.02 a few weeks ago and we all heard of the mine moratorium, we all pretty much knew GMC was in trouble. Many have left and taken their money elsewhere and i dont think they will re-invest in GMC ever again. Management are a joke and there's too much risk in doing business in Indonesia. As you very well can see there is currently a STOP on all mining related activities. How long that would last ? 1 year ? 5 years ? or indefinitely.....

    From 0.02 2 weeks ago, SP now sits at 0.01 and after suspension gets lifted, i think any one that manage to exit at 0.005 should consider themselves lucky. Who would be crazy enough to invest now that GMC gets itself in the worst possible situation. GMC was Doomed from the beginning, if you ask me.
 
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