Australia's largest stock trading and investment forum Australia's #1 stock forum

GMC

Click for more information

0.00%

0.6¢ gulf manganese corporation limited

Ann: Gulf Manganese IMnI June 2018 Annual Conference Presentation, page-21

First 21 Last

Share
Profile

Follow
gowin

135 Posts.

85

26/06/18

21:03

Post #: 33965850
Share

Originally posted by rocket973 ↑

A recipe for disaster, this funding package can only end one way and that is a disaster for GMC shareholders.
Don't kid yourselves the $7 million standby loan will be gobbled up before any meaningful income is coming in. The 20% interest charges and payable monthly is the final nail in the coffin. GMC won't have any money to pay the interest and will most likely need to pay the interest in shares for the consideration. GMC will need to allocate at least 140 million shares annually just to pay the interest bill. How will GMC manage to pay back the $7 million loan by 31st Dec 2020?
The rubbish about starting production in mid 2018 is a joke, management know that this is impossible but GMC shareholders continue to believe this tripe.

Expand

Rocket you seem to ignore that gmc can export direct shipping ore once approved and this would
be additional income for them and it will go for five years . This is more than enough to pay the $7 million in case they will require the standby loan.

GMC Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
8 Upvote

3 Great analysis

Reply

Top Stories

Bitcoin jumps 8% to beat record on Trump vote optimism

RLF

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

SI6

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

There are more pages in this discussion • 29 more messages in this thread...

First 21 Last

Add GMC (ASX) to my watchlist