Ann: Capital Raising Update, page-58

Good to see another poster on this forum that asks the questions that we should all be requesting the answers to.

As great as it is hearing optimistic forecasts, we are all prone to optimism bias anyways and unless we are kept in check by those that look at the objective facts and point out the risks, then we will just get carried away. Hopefully for our sake, this isn't what happened to GMC and Triple C and they have some objective facts to rationalise their business judgement.

@The Mole,

I hope you stay on this forum, as the one thing needed from GMC is disclosure of all material facts to this project and you've raised some great issues and concerns that I believe merit answers from management.

I'm starting to get the vibe that this whole feasibility is just some high level study based on assumptions. This is why I strongly believe and (will stress the issue to ASIC) that if GMC plan to raise capital from retail investors, an IPO style PDS is made mandatory.