GMC 0.00% 0.6¢ gulf manganese corporation limited

Ann: Gulf Operational Update, page-35

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  1. 7,237 Posts.
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    If management can keep progressing with dismantling, transport and construction of furnaces for production in the next 12 months and announcing off take agreements in the next quarter, buying this share today will provide returns imo (even with more financing, CR, dilution)

    My only risk factor is liquidation by
    - running out of funds
    - not being able to get offtake agreement
    - commodity prices falling
    - Indonesian restriction / problems
    - Global f-cken war

    I am holding options only - .004
    ST target 2017 - 1.2c
    LT target mid 2018 - 6c
    DYOR

    Good luck
 
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