GMC 0.00% 0.6¢ gulf manganese corporation limited

GMC has $1.6M cash and $3.9M in trade payables due in less than...

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  1. 2,345 Posts.
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    GMC has $1.6M cash and
    • $3.9M in trade payables due in less than 12 months
    • $11.4M in debt due in less than 12 months
    Interest rate is as high as 20% (refer to note 3)

    I did not realise GMC's solvency position was this perilous

    I see $0.007 being broken this week unfortunately - the depth there has already seem to have reduced

    I knew there was a reason this is trading at 12 month low

    Screenshot_20190318-070625.jpg
    Last edited by tt2000: 18/03/19
 
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Currently unlisted public company.

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