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

Super deal for the Indonesian businessman ... 1,500,000 ish...

First 14 Last

Share
Profile

Follow
da10bagger

540 Posts.

17

28/08/18

08:53

Post #: 35222888
Share

Originally posted by tt2000 ↑

"Gulf Manganese Corporation Limited (ASX: GMC) (“Gulf” or “the Company” advises that it has secured a cornerstone investment of ~A$10.8 million from Jakarta based businessman, Bapak Dato Dr Low Tuck Kwong (“Bapak TK Low”, founder and President Director of integrated coal group PT Bayan Resources
TBK, (“PT Bayan”."

GMC first gave away 25% for $6M AUD. Implies 100% for $24M

Now they've given away 20% for $10.8M AUD. Implies 100% for $50M

GMC will be left with only 55% of the project. It has a fully diluted market cap of over $100M (for 55% of the Project). Implies 100% for $181M.

My guess is given the current market cap, it will be annihilated today. Mr W, you sir are a genius.

Well played by getting out yest!!!

Expand

Super deal for the Indonesian businessman ... 1,500,000 ish shares for an average of 1c (shares and options).

Would love a deal like that.

Look at the chart.

That's right at support.

Retrace now on the cards.

Completely dilluted

GMC Price at posting: 2.2¢ Sentiment: None Disclosure: Not Held
2 Upvote

2 Great analysis

Reply

Top Stories

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

Bitcoin jumps 8% to beat record on Trump vote optimism

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

RLF

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

There are more pages in this discussion • 111 more messages in this thread...

First 14 Last

Add GMC (ASX) to my watchlist