Australia's largest stock trading and investment forum Australia's #1 stock forum

GMC

Click for more information

0.00%

0.6¢ gulf manganese corporation limited

15 January 2019 Deadline, page-6

First 6 Last

Share
Profile

Follow
J.W.Pepper

3,743 Posts.

57

17/01/19

10:15

Post #: 37140387
Share

Originally posted by tt2000 ↑

Good to see they finally hit a deadline

So now GMC received A$3.6 million received from PT JGI, though A$2.5 million will be used to pay back that owed under the standby agreement.

So GMC actually only have $1.1M leftover. Anyone know how much more they actually require to finalise construction? I thought it was a lot more than $1.1M...

The dilution to shareholders is another 7%, and GMC only own 75% of the project.

The constant dilution and ever increasing number of shares explains why this share price keeps plummeting.

GMC now have 3.48 billion shares and 1.85 billion options expiring 21 April 2019.

The exercise of those options could cause too much supply of shares - there would be 5,330,000,000 shares on a fully diluted basis!!!

View attachment 1417721

Expand

options won't get exercised unless s.p. is above 0.015 IMO.

GMC Price at posting: 0.8¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

ASX Market Open: Winning Wall Street, RBA minutes to keep local bourse flat | November 19, 2024

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

US election outcomes: Key economic and market takeaways

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 19 more messages in this thread...

First 6 Last

Add GMC (ASX) to my watchlist