The bullish posts have no substance and is based on the assumption there is NO other competitors in the market. I appreciate the user responding with some explanation but it was a text book economics reason with no consideration to the numerous variables. Hint- Have a look at the output of manganese since prices have risen.
Now ignoring the above, you then need to analyse the firms management and financial structure. As it stands GMC management is still withholding information, more specifically the conditions precedent upon which the funding depends on. Now you might be wondering why this is a issue; it clearly shows that Sophisticated Investors have been given preference and are in the position to exploit everyday investors.
I have said it before you can profit off the short term(till sept) fluctuations but after sept, good luck making any serious money.
GMC Price at posting:
0.8¢ Sentiment: Sell Disclosure: Not Held
