Missed my point or I wasn't clear; what I meant was that there...

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ChinaDragon

1,898 Posts.

20/02/17

21:21

Post #: 22761668
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Originally posted by tt2000 ↑

@ChinaDragon,

I don not think bigger fish will be eager to throw more money at something that loses them money - that's not how they made their money, and they would be looking to cut their losses.

I would be happy to be wrong, as I would be happy for them to save my bacon.

Have you spoken to your T20 mate - be interesting to know what their thoughts on this are?

Unfortunately, the reality is that GMC have nothing but a feasibility study. Now they don't even have an interested Indonesian king anymore.

Why would any SI partake in funding the project for a stake, when they could fund this exact project themselves in another location for 100% control and compete with GMC who have proven to be unable to execute on their promises.

At 0.02 cents this implies GMC has a worth of $28M AUD.

Would you buy a feasibility study with a management team unable to deliver for $28M?

Separately, GMC are in "advanced discussions with this other party".
Realistically, if they were unable to complete a "binding agreement", what hope do we really have of them completing something that is just in discussions....

(Not trying to argue with you for the sake of it - just some constructive debating...)

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Missed my point or I wasn't clear; what I meant was that there are some big players who are just as angry as we are. They want answers and have similar concerns and issues as people on this forum. So in this instance it's not just the little guy v the big guy. We have the big guys on our side as well.

GMC Price at posting: 4.2¢ Sentiment: Hold Disclosure: Held
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Missed my point or I wasn't clear; what I meant was that there...

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