GMC 0.00% 0.6¢ gulf manganese corporation limited

Funding Agreement, page-6

  1. 2,345 Posts.
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    Not sure what that jibberish means.

    GMC need cash by 31st of March.

    Acuity will need to start selling shares (not buying) before then to help GMC raise cash to pay the Directors.

    Not even you can seriously think GMC are going to be at 0.25 by then.

    Rather than sleep, I suggest you educate yourself with the terms of the CPA with Acuity, so that you can try mount a better argument as to what about my objective post you don't like...

    If there was something to like about GMC, then I'd say it and invest in it.

    But the reality is that it's accomplished nada in the past 12 months, apart from massive dilution (and now further dilution by way of this CPA), and the smelters that are being refurbished are still not ready (no surprises really).
    Last edited by tt2000: 18/02/18
 
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