"Completion of the subscription for the PT Gulf Convertible Note is conditional on, among other things, the execution of an agreement between Gulf and PT Gulf selling and transferring, from Gulf to PT Gulf (“Sale and Purchase Agreement”), all of Gulf’s right title and interest in and to the two smelters at the Kupang Smelting Facility"
$6M AUD funding has not been received, but an extension has been granted until 30 April 2018 to allow for the registration of the Sale and Purchase Agreement with the Fiducia Registration Office in Jakarta.
I guess you could say the receipt of funds is imminent?
GMC Price at posting:
1.2¢ Sentiment: Sell Disclosure: Not Held