Ann: Capital Raising Update, page-17

Agree.

The reason we all stand to lose money is not because we are fools. This would be how fools think.

GMC had a binding agreement with Pak and management should have undertaken sufficient due diligence on Pak prior to making any announcement to the ASX. Alternatively, the announcement should have stated that GMC had no actual means of enforcing this "binding" agreement because it was signed in a third world corrupt country.

Given the collapse in the deal with Pak and inability to enforce it, the hard questions need to be asked about management. I think if we ever want to see the profits in our pockets, a change in leadership is required.

And GMC need to disclose what the terms of Pak's counter offer was. We know it's been disclosed to randoms that rang up (e.g @fishfordayz), so why is this material news still not disclosed. We need to understand what price Pak is willing to pay for a piece of GMC, given it was stated "he is still interested".