Ann: Cornerstone Investment Update, page-191

Put another way, if you were in AZZ you would be saying they have a world class investor who wants to buy the project for 250M US. We all know what hapenned next.

Now, if a philanthropic type investor doesn't think this is worth $100M US (10% for 10M US), what guess do you think a rational profit driven investor is going to place on this.

Without Pak the only value GMC will retain its by doing a CR by those that believe in "world class management" and "world class manganese project" in indonesia with all those sovereign risks. But the current share price is currently premised on a value/deal that is not happening. This increases the risk of raising money through a CR and risk of ever having a functional project.

Seems like you're it off your depth here mate. I cbf explaining anymore. I'm on holiday