GMC 0.00% 0.6¢ gulf manganese corporation limited

Ann: Trading Halt, page-18

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  1. 2,345 Posts.
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    I don't think GMC will get an extension - due to the moratorium, my opinion is that the Noteholder will want his debt or the smelters (held as security).

    I feel there will be a long suspension, while GMC try to raise capital / negotiate with another cornerstone investor (would be their 6th one - refer to other post for prior 5)

    As I have always said, perhaps there is a reason that these cornerstone investors keep falling away? Perhaps the project simply isn't viable?

    I guess we will find out soon.

    Wont be looking good if the trading halt is extended tomorrow...
 
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