@bitoy,
I agree it is scary, but you got to remember that I'm not the one that signed that convertible note expiring 31st Aug 2018.
To remove the fear (and avoid having to fork out $9M cash in 20 business days or lose the smelters altogether), GMC simply need to satisfy those conditions precedent.
I hope for your guys sake GMC can hit this looming deadline for once.
Cheers