GMC 0.00% 0.6¢ gulf manganese corporation limited

Ann: Quarterly Activities Report, page-4

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  1. 4,695 Posts.
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    Capital Raising coming soon. GMC will be out of money in 8 weeks time, just one quarter and there won't be enough funds for feeding those snouts at the trough. GMC will need at least another $10 to $15 million just to get the show on the road. Even if DSO was approved tomorrow GMC wouldn't have enough money to get it operational, it will be too little too late.
    I can see another 1.5 billion GMC shares raised just to get the furnaces unloaded and construction completed.
    I know everybody on GMC thread will disagree but that is the reality.
 
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