The below shows GMC had $3.5M Cash as at 31 March 2018. [ATTACH]...

The below shows GMC had $3.5M Cash as at 31 March 2018.



The below shows that of the $3.6M cash, $0.994M is from a loan due on 30 June 2018 - Just about 45 days away.

GMC also project spend of $9.3M for the quarter between 01 April and 30 June, except the only have $3.6M cash!!!

If the fiduciary agreement is not executed by 31st May, the $6.0M funding (in exchange for 25% of Project, and title to the two smeltes) won't be triggered.

Without the $6.0M funding, GMC will need to look for an alternative solution to progress their activities (which they've costed at $9.3M).

I wonder how much of the $9.3M relates to shipping the furnaces. Does anyone here know?

I'm interested to see if the shipping of furnaces requires funding, which is contingent on fidicuary agreement.