"Gulf Manganese Corporation Limited (ASX:GMC), advises that the attached letter has been sent to holders of listed options (ASX:GMCO) exercisable at $0.005 on or before 21 April 2019, as notificationof the expiry of their options on 21 April 2019.
The last date of quotation of GMCO options on the ASX will be 12 April 2019.
Option holders are reminded that the expiry date of 21 April 2019 is Easter Sunday and the last business day prior to this is Thursday 18 April 2019 due to the Good Friday public holiday."
This stinks of desperation - GMC need people to exercise as they need the cash.
There will inevitably be some "DSO Imminent" announcements between now and option expiry - I'm calling this right now.
But DSO of course will not be achieved - after all it hasn't for 3 years, so why would it suddenly now !!
As I previously predicted, as this gets nearer to option expiry, I think GMC will most likely trend toward $0.005 and then below
