GMC 0.00% 0.6¢ gulf manganese corporation limited

Following the last capital raising, you posted this infamous...

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  1. 2,345 Posts.
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    Following the last capital raising, you posted this infamous prediction of 6-8c post resumption of suspension.

    At the time of posting GMC was $0.042.

    It actually opened at $0.012 - I remember because it was my exit price

    Given the last CR was preceded a 6 month suspension, I'm surprised you don't appreciate how difficult it will be to raise funds this time round.

    A. There is now a $1.0M convertible note liability

    B. Potential investors will want to know where the last $12M went.

    There is now a very real risk that if the capital raising does not raise at least $1.0M, because of the convertible note, GMC could find it's way into voluntary admininstration.
 
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