I think production is now a certainty for this company, profitable or not I cannot predict. The last couple of weeks has set a couple of things in stone:
-there is not a need for preproduction funding, dso permits are a concern of yesterday,
-the dilution that comes with the financing brings with it a tactical advantage in having a good slice of Indonesian input/ownership
- the arrival of smelters, sooner the better will see the share price improve significantly
- shipment of the first refined product should see a share price in the range of 2.8-3c
It’s not all grey clouds for this company
GMC Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held