GMC 0.00% 0.6¢ gulf manganese corporation limited

As frustrating as it is waiting for positive news about I think...

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  1. 740 Posts.
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    As frustrating as it is waiting for positive news about I think this is still good sign. I would say due to the delays and the Pak deal falling through SI are wanting to take their time to do their due diligence into GMC. Being onsite sounds like they are in the final stages and viewing the setup, team in place. Remember 70% of output is already under contract, so hopefully it's just crossing the T's and I's before putting pen to paper and transferring the cash - all of which could be done in 2-3 work days. I firmly believe the announcement will be made next Friday and trading resuning the following Monday, allowing shareholders and the market to digest it and make a rational decision depending on their circumstances. Yes the share price will drop, but that's to be expected as there will be pent up demand to sell due to the long suspension of trading, however I do believe it's still a good long term investment.

    I put the delays firmly on one person only - Pak.
 
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