Ann: Gulf Secures A$10.8M Cornerstone Investment, page-69

Better get the calculator out again.
2,761,147,239 shares https://www.asx.com.au/asxpdf/20180813/pdf/43x932c7sj3f9h.pdf
+
100,000,000 shares https://www.asx.com.au/asxpdf/20180820/pdf/43xhb5v4yrth4x.pdf
+
714,597,448 shares https://www.asx.com.au/asxpdf/20180828/pdf/43xr4ttn1yqtqz.pdf

=3,575,726,687 shares at 2.2 cents = $78,665,987.114

Options at .005
1,609,340,592
+
714,597,448
= 2,323,938,135

TOTAL Fully diluted 5,899,664,822 at 2.2 cents = S 129,792,626

I feel sorry for any investor who has paid 2.2 cents for GMC. GMC may gain $10 million for the options, but also gains another 2.3 billion shares. What a disaster, better off flushing your money down the toilet.