Ann: Gulf Company Update, page-146

Its back to that see saw again

In the red corner (Mundine):
1. We were told the week before last week that Pak was given a final deadline (of last week ( or that was it.
2. We were also told that tranche one was "imminent".
3. Quarterly report was missed


In the blue corner (Green):
1. We were told that GMC had appointed new positions (which you'd think they'd only do if they had cash coming)
2. We were told GMC had been looking for alternative funding avenues
3. It is evident that it is common for processing delays in Indonesia even after fund receipts at the bank (see XST).

Letssssss get readddyyy to rrrrrrrrrrrrumble

Round 2