Two reasonably positive market updates : securing power supply and shipping of smelters and the price retreats on both of these announcements which is further proof that future developments have already been costed in. At least we have a good timeline in place to receive and assemble the smelters but with 2.65 billion shares on issue and no on market buying from Fofo I can't see the price any higher than 1.5. One thing go for sure I wouldn't do any line of business in Indonesia after the parasite pak debacle. Maybe fofos better but I wouldn't bet on it.
GMC Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held