GMC 0.00% 0.6¢ gulf manganese corporation limited

Ann: Gulf Company Update, page-107

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 2,345 Posts.
    lightbulb Created with Sketch. 539
    @chambo,

    The above announcement supercedes the previous one about approvals. Don't forget it is Indonesia - they can approve one thing one day and change it the next.

    "Unforseen processing issues related to the transfer of funds" includes approvals but could be anything.

    My guess is its either or both of
    1. Approvals
    2. Delay in liquidating Pak's investment

    Whilst this is speculation, you can't refute the above without also speculating.
 
watchlist Created with Sketch. Add GMC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.