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0.6¢ gulf manganese corporation limited

Ann: Quarterly Activities and Financial Report December 2018, page-13

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Abacoolloo

404 Posts.

122

05/02/19

07:56

Post #: 37329631
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Originally posted by tt2000: ↑

Hi @Tompo03,

As I have previously mentioned, I bought into GMC when Cornerstone Investor Pak Marthen signed a deal to invest in the Project.

Management made numerous announcements stating that the Pak Marthen deal was on foot, and funds were imminent. Despite these assurances via ASX statements that you can find (around end of 2016), Pak Marthen failed to come through with the funds and the deal fell apart.

DSO has been touted since then, but it hasn't happened.

Management may well be doing everything to get DSO across the line (as I am sure they were doing to get Pak Marthen across the line). Unfortunately, it is simply out of their control.

I hope DSO comes for those that hold, but I think it is equally important for any new investor to look through the history of this company (as they have simply failed to deliver time after time).

The Eiffel Tower was constructed in 18 months, 100 years ago.

GMC are struggling to refurbish two used smelters for over 36 months now

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"GMC are struggling to refurbish two used smelters for over 36 months now"

Blatant lie! And should be moderated. Smelters are refurbished and on site. Your agenda is obvious.

GMC Price at posting: 0.9¢ Sentiment: Hold Disclosure: Held
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